Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.027%

Price spread now: Deribit against BingX+0.065%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.065% dearer against BingX than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.089%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDC	1.5320	0.0100	pay 0.0100% / 8h	7h 29m	—	$3.7M	—
Short	Deribit XRP_USDC-PERPETUAL	1.5330	0.0076	get 0.0010% / 1h	29m 11s	$9.3M	$25.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$5.04
Price spread: +0.065% → 0.000%: $6.53
Slippage, 4 orders: −$8.56
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$24.08
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Deribit: live order book, 5 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, 6 min ago	0.65 bp	7.2 bp −$7	11.0 bp −$110	24.3 bp −$2,432	60.0 bp −$30.0K
Sell Deribit live order book, 5 min ago	0.33 bp	4.4 bp −$4	6.6 bp −$66	41.9 bp −$4,191	doesn't fit

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	1.5328	+0.052%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5315	−0.031%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5320	−0.003%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0014% / S +0.0079%	1h	1.5318	−0.014%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.567%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5329	+0.059%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0076%	1h	1.5330	+0.065%	$9.3M	$25.1M	50x
Lighter XRP	+0.0096%	1h	1.5328	+0.055%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5330	+0.065%	$514K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5323	+0.020%	$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	1.5317	−0.020%	$10K	$277K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5317	−0.021%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5318	−0.010%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5323	+0.022%	$38.7M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5321	+0.007%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5328	+0.050%	$540.6M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5327	+0.046%	$341.7M	$919.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5325	+0.033%	$124.9M	$867.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	+0.163%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5323	+0.020%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.158%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5320	0.000%	$374.1M	$149.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5321	+0.007%	$309.1M	$903.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5321	+0.007%	$108.7M	$165.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5328	+0.052%	$268.4M	$374.7M	125x	as long as short
BingX XRP-USDClong	+0.0100%	8h	1.5320	long leg	—	$3.7M	—
Variational Omni XRP	+0.0100%	8h	1.5328	+0.053%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5333	+0.082%	$666K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	+0.091%	$1.1M	$38.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5321	+0.007%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5322	+0.014%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5325	+0.033%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5322	+0.011%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5330	+0.063%	$825K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5326	+0.040%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5327	+0.046%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5325	+0.035%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5322	+0.013%	$54.5M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5323	+0.021%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5326	+0.037%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5318	−0.011%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5329	+0.059%	$24.0M	$73.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5334	+0.091%	$5.8M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5323	+0.022%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0289%	1h	1.5345	+0.163%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5340	+0.131%	$2.0M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5319	−0.004%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0398%	1h	1.5335	+0.098%	$289.6M	$214.6M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5340	+0.131%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0806%	1h	1.5328	+0.054%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5327	+0.042%	$506K	$754K	10x	as long as short