Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Pacifica−0.037%47s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.222% of the position

Long on Pacifica Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.037%, 7d avg −0.014%

Together, before fees−0.003%+ Points / potential airdropPacifica: Active · farm board$0 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 0.023% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5340	0.0100	pay 0.0013% / 1h	30m 50s	$621K	$1.1M	20x
Short	BingX XRP-USDT	1.5334	0.0100	get 0.0100% / 8h	7h 30m	—	$123.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Pacifica. 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 PacificabpFee BingXbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → −0.014%: −$2.26
Slippage, 4 orders: −$4.16
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$24.43
Costs to cover: 0.222%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; BingX: live order book, 8 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 Pacifica live order book, 3 min ago	0.33 bp	4.3 bp −$4	5.5 bp −$55	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	0.98 bp	6.0 bp −$6	6.4 bp −$64	8.5 bp −$846	14.7 bp −$7,333

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	1.5347	+0.048%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5335	−0.030%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5333	−0.043%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0014% / S +0.0080%	1h	1.5330	−0.061%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.437%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5334	−0.037%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5337	−0.017%	$9.3M	$25.1M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5341	+0.007%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5346	+0.042%	$515K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5348	+0.055%	$8K	$8K	10x	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	1.5344	+0.029%	$10K	$277K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5345	+0.033%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5345	+0.032%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5336	−0.023%	$38.8M	$83.4M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5340	long leg	$621K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5332	−0.047%	$539.9M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5333	−0.043%	$341.9M	$920.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5331	−0.056%	$124.9M	$869.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.154%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5349	+0.061%	$119K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.285%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5332	−0.050%	$373.9M	$149.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5333	−0.043%	$309.6M	$903.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5333	−0.041%	$108.9M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5333	−0.043%	$268.4M	$374.9M	125x	as long as short
BingX XRP-USDTshort	+0.0100%	8h	1.5334	−0.037%	—	$123.5M	—
Variational Omni XRP	+0.0100%	8h	1.5328	−0.075%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	−0.170%	$665K	$107.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5322	−0.113%	$1.1M	$38.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5321	−0.121%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5331	−0.057%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5346	+0.042%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5333	−0.043%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5337	−0.015%	$826K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5352	+0.082%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5336	−0.024%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5332	−0.052%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5336	−0.024%	$54.6M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5328	−0.074%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5334	−0.036%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5332	−0.048%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5336	−0.024%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5345	+0.035%	$5.8M	$46.3M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5343	+0.024%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0290%	1h	1.5347	+0.048%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5341	+0.009%	$2.1M	$34.9M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5313	−0.173%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0404%	1h	1.5351	+0.074%	$289.9M	$214.6M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	−0.063%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0803%	1h	1.5331	−0.057%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5351	+0.071%	$507K	$754K	10x	as long as short