Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Extended−0.008%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$170.173% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.008%, 7d avg +0.035%

Together, before fees−0.013%+ Points / potential airdropExtended: Active · farm board−$1 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 0.043% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XRP-USD	1.5315	0.0104	pay 0.0013% / 1h	4m 29s	$2.1M	$7.1M	50x
Short	BingX XRP-USDT	1.5314	0.0100	get 0.0100% / 8h	7h 04m	—	$124.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$0.84
Price spread: −0.008% → +0.035%: −$4.33
Slippage, 4 orders: −$2.29
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.46
Costs to cover: 0.173%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; BingX: live order book, 5 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 Extended live order book, 4 min ago	0.32 bp	3.0 bp −$3	5.5 bp −$55	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	0.65 bp	5.7 bp −$6	5.8 bp −$58	9.7 bp −$968	17.5 bp −$8,727

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	1.5323	+0.050%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5322	+0.046%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5310	−0.035%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0019% / S +0.0071%	1h	1.5309	−0.040%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.598%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5306	−0.061%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5315	−0.002%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5319	+0.024%	$9.3M	$24.9M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5324	+0.055%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5331	+0.103%	$514K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5318	+0.018%	$9K	$281K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5327	+0.078%	$478K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5317	+0.014%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5319	+0.024%	$38.7M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5322	+0.044%	$630K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5312	−0.019%	$541.0M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5313	−0.015%	$341.7M	$919.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5307	−0.054%	$124.3M	$866.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5351	+0.233%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5322	+0.044%	$116K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.224%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5313	−0.015%	$374.1M	$152.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5314	−0.008%	$303.8M	$916.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5313	−0.014%	$110.9M	$167.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5315	−0.002%	$268.7M	$375.5M	125x	as long as short
BingX XRP-USDTshort	+0.0100%	8h	1.5314	−0.008%	—	$124.9M	—
Variational Omni XRP	+0.0100%	8h	1.5315	−0.004%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5348	+0.215%	$666K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5355	+0.259%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5390	+0.488%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5315	−0.001%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5319	+0.024%	$47K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5313	−0.012%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5320	+0.034%	$825K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5318	+0.021%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5318	+0.018%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5315	−0.002%	$50.2M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5314	−0.008%	$54.4M	$29.6M	50x	as long as short
Extended XRP-USDlong	+0.0104%	1h	1.5315	long leg	$2.1M	$7.1M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5315	+0.001%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5312	−0.021%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5315	−0.002%	$24.1M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5322	+0.044%	$5.7M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5316	+0.002%	$14.5M	$70.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5317	+0.010%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0307%	1h	1.5322	+0.044%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0323%	8h	1.5319	+0.024%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0370%	1h	1.5328	+0.083%	$289.3M	$215.0M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.096%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5325	+0.062%	$542K	$775K	10x	as long as short
Aftermath Perps XRPUSD	+0.0846%	1h	1.5337	+0.144%	$2K	$13K	10x	as long as short