Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.010%

Price spread now: BingX against 01 Exchange−0.059%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.059% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 9.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5173	0.0080	pay 0.0010% / 1h	2m 05s	$8K	$8K	10x
Short	BingX XRP-USDC	1.5164	0.0100	get 0.0100% / 8h	2h 02m	—	$4.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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 01 ExchangebpFee BingXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $4.2
Price spread: −0.059% → 0.000%: −$5.93
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$18.73
Costs to cover: 0.170%
Break-even: 38.2 days

Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 2 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BingX live order book, 2 min ago	0.33 bp	7.1 bp −$7	10.6 bp −$106	24.2 bp −$2,416	83.2 bp −$41.6K

01 Exchange: 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	1.5166	−0.046%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5169	−0.027%	$14.4M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5168	−0.032%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	−0.020%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5166	−0.044%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.551%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S −0.0020%	1h	1.5167	−0.037%	$800K	—	200x	as long as short
01 Exchange XRPUSDlong	+0.0080%	1h	1.5173	long leg	$8K	$8K	10x
Lighter XRP	+0.0096%	1h	1.5170	−0.020%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5169	−0.026%	$548K	$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	+0.0099%	8h	1.5163	−0.066%	$11K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5164	−0.063%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5170	−0.020%	$38.5M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5170	−0.020%	$603K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5169	−0.026%	$527.3M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5168	−0.033%	$344.5M	$966.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5171	−0.013%	$126.7M	$892.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5166	−0.046%	$564K	$35K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5175	+0.013%	$143K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5166	−0.046%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5170	−0.020%	$374.8M	$162.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5167	−0.040%	$298.5M	$929.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5170	−0.018%	$107.3M	$181.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5167	−0.040%	$266.8M	$399.4M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5164	−0.059%	—	$4.2M	—
Variational Omni XRP	+0.0100%	8h	1.5166	−0.047%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5160	−0.089%	$658K	$114.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5163	−0.067%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5159	−0.092%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5172	−0.010%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5174	+0.007%	$51K	$487K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5167	−0.042%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5167	−0.040%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5168	−0.033%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5171	−0.013%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5168	−0.033%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	−0.030%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5169	−0.026%	$54.1M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5170	−0.017%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5160	−0.086%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5165	−0.050%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0146%	1h	1.5182	+0.059%	$289.7M	$264.3M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5173	0.000%	$7.7M	$25.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5161	−0.076%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5173	0.000%	$5.7M	$48.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0205%	1h	1.5179	+0.040%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0214%	8h	1.5170	−0.020%	$1.7M	$35.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5167	−0.041%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5160	−0.086%	$23.3M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5174	+0.008%	$517K	$792K	10x	as long as short
Aftermath Perps XRPUSD	+0.0564%	1h	1.5159	−0.094%	$2K	$16K	10x	as long as short