Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Binance against dYdX+0.045%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.045%, 7d avg +0.002%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.043% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5735	0	get 0.0000% / 1h	44m 45s	$1.1M	$104K	10x
Short	Binance XRPUSDT	1.5742	0.0100	get 0.0100% / 8h	1h 44m	$571.2M	$1.93B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now +0.045%Rate

Funding earned: $21
Price spread: +0.045% → +0.002%: $4.29
Slippage, 4 orders: −$44.1
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.82
Costs to cover: 0.641%
Break-even: 19.9 days

Slippage from dYdX: live order book, 4 min ago; Binance: live order book, 14 min ago.

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 dYdX live order book, 4 min ago	21.15 bp	26.2 bp −$26	26.2 bp −$262	27.3 bp −$2,728	68.6 bp −$34.3K
Sell Binance live order book, 14 min ago	0.32 bp	5.3 bp −$5	5.6 bp −$56	13.2 bp −$1,323	29.4 bp −$14.7K

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	1.5692	−0.273%	$7K	$2K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5735	long leg	$1.1M	$104K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5696	−0.245%	$263K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.828%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5709	−0.166%	$15.7M	$67.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5707	−0.178%	$81K	$936K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0068%	1h	1.5710	−0.159%	$9.7M	$25.0M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0081% / S +0.0142%	1h	1.5700	−0.225%	$925K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5742	+0.045%	$3.1M	$11.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5744	+0.057%	$462K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi XRP/USDT-P	+0.0096%	1h	1.5637	−0.621%	$19K	$73K	7x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5695	−0.251%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5739	+0.023%	$40.1M	$75.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5743	+0.049%	$680K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5742	+0.045%	$571.2M	$1.93B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5745	+0.064%	$355.9M	$874.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5734	−0.006%	$129.6M	$874.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5615	−0.762%	$581K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5737	+0.013%	$121K	$724K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−1.322%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5731	−0.025%	$376.9M	$135.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5738	+0.019%	$293.9M	$826.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5740	+0.035%	$113.7M	$153.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5725	−0.063%	$272.9M	$353.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5731	−0.025%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	−0.641%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5621	−0.722%	$678K	$98.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5635	−0.635%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5628	−0.680%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5683	−0.332%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5705	−0.190%	$49K	$443K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5707	−0.178%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5708	−0.172%	$846K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5713	−0.143%	$132K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5709	−0.165%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5697	−0.240%	$51.6M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5703	−0.203%	$55.9M	$28.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5728	−0.046%	$490K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5735	0.000%	$12K	$247K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5731	−0.027%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5695	−0.253%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5735	0.000%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5699	−0.230%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5715	−0.127%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5701	−0.216%	$24.7M	$72.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0337%	8h	1.5690	−0.286%	$1.9M	$32.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0372%	1h	1.5726	−0.057%	$1.8M	$977K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5590	−0.921%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5739	+0.024%	$413K	$560K	10x	as long as short
Aftermath Perps XRPUSD	+0.0604%	1h	1.5612	−0.784%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0659%	1h	1.5756	+0.134%	$292.3M	$197.6M	20x	as long as short