Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against BingX+0.019%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.019%, 7d avg +0.043%

Together, before fees−0.025%−$2 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: Bybit is 0.023% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDC	1.5403	0.0100	pay 0.0100% / 8h	2h 07m	—	$3.7M	—
Short	Bybit XRPUSDT	1.5406	0.0100	get 0.0100% / 8h	2h 07m	$346.7M	$852.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.043%: −$2.32
Slippage, 4 orders: −$10.72
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.05
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Bybit: live order book, 2 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 BingX live order book, 12 min ago	0.32 bp	9.4 bp −$9	12.1 bp −$121	27.9 bp −$2,790	82.6 bp −$41.3K
Sell Bybit live order book, 2 min ago	0.32 bp	6.6 bp −$7	8.6 bp −$86	14.7 bp −$1,474	24.9 bp −$12.5K

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	1.5415	+0.078%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5411	+0.052%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5450	+0.305%	$69K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5413	+0.065%	$9.4M	$24.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5408	+0.032%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.734%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5410	+0.045%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0167%	1h	1.5407	+0.026%	$907K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5407	+0.027%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5409	+0.039%	$446K	$3.1M	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	1.5421	+0.120%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5408	+0.035%	$39.2M	$73.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5415	+0.078%	$673K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5405	+0.016%	$554.3M	$1.87B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5406	+0.019%	$346.7M	$852.2M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5403	0.000%	$126.1M	$846.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5409	+0.039%	$574K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5422	+0.123%	$119K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.445%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5402	−0.006%	$368.5M	$134.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5404	+0.006%	$290.5M	$822.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5406	+0.018%	$112.1M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5404	+0.006%	$266.9M	$346.6M	125x	as long as short
BingX XRP-USDClong	+0.0100%	8h	1.5403	long leg	—	$3.7M	—
Variational Omni XRP	+0.0100%	8h	1.5487	+0.546%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5443	+0.261%	$671K	$95.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5404	+0.010%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5437	+0.221%	$1.0M	$879K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5416	+0.084%	$49K	$469K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5411	+0.053%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5408	+0.033%	$830K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5415	+0.081%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5405	+0.013%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5410	+0.042%	$50.7M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5405	+0.013%	$55.0M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5410	+0.046%	$480K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5411	+0.053%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5414	+0.071%	$12K	$239K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5408	+0.035%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5411	+0.049%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5418	+0.097%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5404	+0.005%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5421	+0.117%	$5.6M	$44.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0199%	1h	1.5413	+0.065%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5410	+0.044%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5411	+0.052%	$24.2M	$69.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0300%	8h	1.5423	+0.130%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5417	+0.094%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5421	+0.119%	$405K	$499K	10x	as long as short
Hyperliquid XRP	+0.0510%	1h	1.5422	+0.121%	$284.0M	$190.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0563%	1h	1.5432	+0.190%	$1K	$11K	10x	as long as short