Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against SunX−0.080%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$590.589% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.080%, 7d avg −0.017%

Together, before fees+0.060%+$6 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 0.063% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XRP-USDT	1.5338	0.0100	pay 0.0100% / 8h	5h 50m	$129K	$1.5M	30x
Short	Binance XRPUSDT	1.5326	0.0100	get 0.0100% / 8h	5h 50m	$534.6M	$2.08B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → −0.017%: −$6.29
Slippage, 4 orders: −$40.92
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$65.21
Costs to cover: 0.589%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Binance: live order book, 16 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 SunX live order book, 8 min ago	16.64 bp	21.3 bp −$21	24.7 bp −$247	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.32 bp	5.3 bp −$5	5.5 bp −$55	13.0 bp −$1,304	35.6 bp −$17.8K

XRP on 50 exchanges

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	1.5403	+0.422%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5329	−0.062%	$14.0M	$71.6M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5338	0.000%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5360	+0.141%	$69K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5331	−0.048%	$7.8M	$21.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5357	+0.120%	$246K	—	150x	as long as short
01 Exchange XRPUSD	+0.0008%	1h	1.5337	−0.008%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.445%	$2K	$107K	30x	as long as short
SoDEX XRP-USD	+0.0040%	1h	1.5327	−0.074%	$29K	$1.5M	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5326	−0.078%	$2.8M	$14.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5330	−0.054%	$598K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5332	−0.039%	$478K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5333	−0.035%	$10K	$402K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5324	−0.096%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5340	+0.011%	$299.0M	$266.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5328	−0.067%	$39.3M	$81.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5331	−0.050%	$593K	$1.0M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5326	−0.080%	$534.6M	$2.08B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5328	−0.067%	$361.6M	$890.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5327	−0.074%	$124.7M	$837.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5365	+0.174%	$563K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5343	+0.031%	$165K	$681K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5379	+0.265%	$1.6M	$25K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5330	−0.054%	$382.2M	$155.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5325	−0.087%	$311.9M	$888.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5329	−0.059%	$106.6M	$181.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5327	−0.074%	$271.9M	$357.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5322	−0.106%	—	$4.2M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5340	+0.011%	$2.0M	$1.2M	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5375	+0.237%	$5.0M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5351	+0.082%	$668K	$109.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5340	+0.013%	$1.1M	$30.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5358	+0.128%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5331	−0.048%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5336	−0.015%	$52K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5323	−0.102%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5325	−0.087%	$83K	$613K	50x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5338	long leg	$129K	$1.5M	30x
HTX XRP-USDT	+0.0100%	8h	1.5322	−0.106%	$50.0M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5330	−0.054%	$54.6M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5321	−0.110%	$2.2M	$6.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5320	−0.123%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5327	−0.074%	$5.5M	$44.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5337	−0.008%	$17K	$76K	7x	as long as short
Kalshi KXXRPPERP	+0.0139%	8h	1.5336	−0.015%	$1.9M	$35.0M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0203% / S −0.0551%	1h	1.5345	+0.042%	$805K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5329	−0.061%	$24.0M	$78.3M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5323	−0.100%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5341	+0.020%	$515K	$736K	10x	as long as short
Aftermath Perps XRPUSD	+0.0428%	1h	1.5367	+0.190%	$3K	$13K	10x	as long as short