Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: BingX against Derive−0.047%7-day average −0.014% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 3 days (all we have)+0.174%+$17 · spread now −0.047%, 7d avg −0.014%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.033% cheaper against Derive than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.5366	0.0100	pay 0.0013% / 1h	19m 01s	$827K	$81K	10x
Short	BingX XRP-USDC	1.5359	0.0100	get 0.0100% / 8h	19m 01s	—	$3.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Derive. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee BingXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.014%: −$3.34
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$19.34
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; BingX: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Derive no order-book sample	—	—	—	—	—
Sell BingX live order book, 1 min ago	0.65 bp	7.3 bp −$7	11.4 bp −$114	22.1 bp −$2,209	64.8 bp −$32.4K

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5357	−0.060%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5357	−0.061%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5370	+0.024%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5361	−0.034%	$266K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0005% / S +0.0096%	1h	1.5360	−0.039%	$844K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5366	−0.002%	$9.4M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5364	−0.017%	$15.0M	$69.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0059%	8h	1.5366	−0.002%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.261%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5362	−0.029%	$2.9M	$13.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5364	−0.015%	$440K	$3.2M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5372	+0.041%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5362	−0.026%	$39.1M	$81.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5359	−0.045%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5361	−0.033%	$546.5M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5360	−0.041%	$341.9M	$924.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5363	−0.021%	$125.4M	$879.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5356	−0.067%	$572K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5376	+0.063%	$117K	$758K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5373	+0.041%	$1.7M	$571K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5361	−0.034%	$361.3M	$148.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5362	−0.028%	$298.1M	$888.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5361	−0.037%	$110.0M	$165.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5361	−0.034%	$267.6M	$375.4M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5359	−0.047%	—	$3.7M	—
Variational Omni XRP	+0.0100%	8h	1.5364	−0.012%	$11.5M	$30.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5360	−0.039%	$667K	$105.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5364	−0.015%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5364	−0.015%	$1.0M	$900K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5374	+0.050%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5366	−0.002%	$41K	$68K	20x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5366	long leg	$827K	$81K	10x
SunX XRP-USDT	+0.0100%	8h	1.5370	+0.024%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5365	−0.008%	$31K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5357	−0.062%	$50.4M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5369	+0.018%	$54.7M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5358	−0.055%	$479K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5369	+0.018%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5372	+0.037%	$11K	$270K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5358	−0.056%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5363	−0.023%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5377	+0.070%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5369	+0.021%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5364	−0.015%	$24.3M	$74.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5372	+0.037%	$5.8M	$47.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0259%	1h	1.5370	+0.024%	$1.7M	$1.0M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5367	+0.004%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5366	−0.002%	$2.0M	$34.5M	2.9x	as long as short
Hyperliquid XRP	+0.0586%	1h	1.5376	+0.063%	$293.6M	$213.6M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5384	+0.112%	$500K	$638K	10x	as long as short
Aftermath Perps XRPUSD	+0.0785%	1h	1.5379	+0.081%	$1K	$11K	10x	as long as short