Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: BingX against gTrade (Gains Network)+0.113%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2872.872% of the position

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 3 days (all we have)−0.165%−$16 · spread now +0.113%, 7d avg −0.015%

Together, before fees−0.068%−$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 BingX is 0.128% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XRP/USD	1.5057	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	37m 55s	$251K	—	150x
Short	BingX XRP-USDC	1.5074	0.0100	get 0.0100% / 8h	6h 37m	—	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now +0.113%Rate

Funding earned: $20.3
Price spread: +0.113% → −0.015%: $12.76
Slippage, 4 orders: −$267.23
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$254.16
Costs to cover: 2.872%
Break-even: 94.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 31 min ago; BingX: live order book, 2 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 gTrade (Gains Network) virtual book (oracle venue), 31 min ago	130.04 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell BingX live order book, 2 min ago	0.66 bp	8.3 bp −$8	12.8 bp −$128	34.7 bp −$3,466	81.1 bp −$40.6K

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	1.5082	+0.166%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5080	+0.149%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5110	+0.352%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5057	long leg	$251K	—	150x
GMX XRP/USD [ETH-USDC]	L +0.0024% / S +0.0063%	1h	1.5057	+0.001%	$826K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.341%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5051	−0.039%	$14.5M	$72.9M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0070%	8h	1.5058	+0.007%	$57K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5055	−0.014%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5058	+0.007%	$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	1.5068	+0.073%	$10K	$306K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5082	+0.163%	$792K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5066	+0.062%	$38.3M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5085	+0.183%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5084	+0.177%	$535.7M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5083	+0.173%	$338.8M	$944.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5087	+0.199%	$123.3M	$871.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5090	+0.219%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5083	+0.173%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.836%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5076	+0.126%	$365.7M	$151.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5075	+0.120%	$286.7M	$905.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5075	+0.119%	$106.3M	$172.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5074	+0.113%	$264.6M	$386.2M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5074	+0.113%	—	$4.1M	—
Variational Omni XRP	+0.0100%	8h	1.5098	+0.273%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5152	+0.634%	$658K	$108.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5080	+0.154%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	+0.704%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5084	+0.180%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5080	+0.153%	$45K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5067	+0.066%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5061	+0.028%	$810K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5060	+0.019%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5056	−0.007%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5058	+0.009%	$49.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5058	+0.007%	$53.5M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5083	+0.173%	$470K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5070	+0.086%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5057	+0.003%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5074	+0.113%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0149%	1h	1.5057	0.000%	$7.6M	$25.4M	50x	as long as short
Hyperliquid XRP	+0.0187%	1h	1.5078	+0.139%	$278.8M	$220.7M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5078	+0.137%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5059	+0.013%	$5.7M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.903%	$24.0M	$75.2M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0328%	1h	1.5069	+0.080%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5089	+0.210%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0340%	8h	1.5078	+0.139%	$2.1M	$36.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5078	+0.141%	$534K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0812%	1h	1.5117	+0.396%	$2K	$14K	10x	as long as short