Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Variational Omni−0.225%7-day average −0.040% · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.212%+$21 · spread now −0.225%, 7d avg −0.040%

Together, before fees+0.212%+ Points / potential airdropVariational Omni: Active · farm board+$21 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 0.184% cheaper against Variational Omni than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5143	0.0100	pay 0.0100% / 8h	5h 55m	$6.1M	$35.9M	—
Short	BingX XRP-USDC	1.5109	0.0100	get 0.0100% / 8h	5h 55m	—	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now −0.225%Rate

Funding earned: $0
Price spread: −0.225% → −0.040%: −$18.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$28.42
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; BingX: live order book, 9 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 Variational Omni RFQ quote, 3 min ago	2.05 bp	doesn't fit	4.0 bp −$40	22.0 bp −$2,196	doesn't fit
Sell BingX live order book, 9 min ago	0.33 bp	6.9 bp −$7	10.6 bp −$106	24.0 bp −$2,404	64.3 bp −$32.1K

XRP on 50 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	1.5139	−0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5126	−0.109%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	−0.020%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5133	−0.069%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0025% / S +0.0051%	1h	1.5139	−0.025%	$800K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.754%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0074%	8h	1.5136	−0.046%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5145	+0.013%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5126	−0.110%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5128	−0.099%	$509K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5135	−0.053%	$9K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5130	−0.083%	$970K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5129	−0.092%	$279.7M	$221.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5119	−0.156%	$38.3M	$83.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5134	−0.061%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5108	−0.231%	$535.4M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5102	−0.271%	$340.9M	$924.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5118	−0.165%	$124.7M	$861.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5116	−0.178%	$561K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5144	+0.007%	$115K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5144	+0.007%	$1.6M	$214K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5108	−0.231%	$367.7M	$150.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5111	−0.211%	$292.8M	$890.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5117	−0.170%	$106.4M	$170.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5109	−0.225%	$266.2M	$379.3M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5109	−0.225%	—	$4.1M	—
Variational Omni XRPlong	+0.0100%	8h	1.5143	long leg	$6.1M	$35.9M	—
edgeX XRPUSDC	+0.0100%	4h	1.5125	−0.117%	$657K	$109.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5120	−0.152%	$1.1M	$36.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5121	−0.145%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	−0.084%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5142	−0.007%	$41K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5140	−0.018%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5139	−0.028%	$815K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5135	−0.053%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5132	−0.073%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5134	−0.060%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5122	−0.139%	$53.9M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5136	−0.048%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5109	−0.226%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5133	−0.068%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0147%	1h	1.5136	−0.046%	$7.7M	$25.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5140	−0.019%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5132	−0.073%	$5.6M	$46.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0250%	1h	1.5129	−0.092%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5128	−0.096%	$14.5M	$72.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5107	−0.234%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0356%	8h	1.5130	−0.086%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5146	+0.018%	$527K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0755%	1h	1.5127	−0.102%	$2K	$14K	10x	as long as short