Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Ondo Perps−0.076%7-day average +0.054% · you buy dearer than you sell

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.232%+$23 · spread now −0.076%, 7d avg +0.054%

Together, before fees+0.255%+ Points / potential airdropOndo Perps: Active · farm board+$25 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: Binance is 0.130% cheaper against Ondo Perps than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XRP-USD.P	1.5163	0.0100	pay 0.0013% / 1h	18m 30s	$564K	$27K	5x
Short	Binance XRPUSDT	1.5152	0.0100	get 0.0100% / 8h	3h 18m	$535.0M	$2.16B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → +0.054%: −$13
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$28
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 11 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	0.33 bp	5.3 bp −$5	6.2 bp −$62	11.7 bp −$1,168	26.2 bp −$13.1K

Ondo Perps: 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	1.5188	+0.165%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5148	−0.099%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5167	+0.028%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5164	+0.007%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5161	−0.015%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.618%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5152	−0.071%	$778K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5156	−0.044%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5154	−0.059%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5156	−0.046%	$9K	$351K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5151	−0.076%	$983K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5157	−0.037%	$38.9M	$85.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5154	−0.057%	$608K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5152	−0.076%	$535.0M	$2.16B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5159	−0.026%	$345.1M	$945.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5161	−0.013%	$126.1M	$883.6M	100x	as long as short
Ondo Perps XRP-USD.Plong	+0.0100%	1h	1.5163	long leg	$564K	$27K	5x
Arcus XRP-USD	+0.0100%	1h	1.5159	−0.026%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.010%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5152	−0.073%	$372.1M	$156.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5166	+0.020%	$296.1M	$906.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5156	−0.045%	$109.2M	$178.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5159	−0.026%	$269.2M	$390.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5151	−0.079%	—	$127.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.157%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5180	+0.115%	$659K	$110.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5170	+0.045%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	+0.237%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5160	−0.020%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5170	+0.046%	$46K	$478K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5166	+0.021%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5153	−0.066%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5155	−0.052%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5159	−0.026%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5159	−0.026%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5157	−0.038%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5161	−0.013%	$53.9M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5150	−0.088%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5147	−0.104%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5156	−0.046%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5161	−0.013%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5168	+0.033%	$5.8M	$47.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5159	−0.025%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5158	−0.033%	$24.2M	$75.7M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0254%	1h	1.5170	+0.046%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0264%	8h	1.5173	+0.066%	$1.9M	$35.2M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5155	−0.052%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5157	−0.038%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0410%	1h	1.5175	+0.079%	$298.1M	$251.3M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.178%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0650%	1h	1.5174	+0.075%	$2K	$15K	10x	as long as short