Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.084%
Price spread now: Hyperliquid against BingX+0.072%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$220.224% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.147%+$15 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.072% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XRP-USDT1.52630.0100pay 0.0100% / 8h5h 30m$99.4M
ShortHyperliquid XRP1.52740.0100get 0.0013% / 1h30m 18s$295.9M$266.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.072% → 0.000%
$7.21
Slippage, 4 orders
−$3.42
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$15.21
Costs to cover
0.224%
Break-even
never at this rate
Slippage from BingX: live order book, 2 min ago; Hyperliquid: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 2 min ago0.98 bp6.0 bp −$66.5 bp −$658.5 bp −$85416.6 bp −$8,325
Sell Hyperliquid live order book, 7 min ago0.33 bp4.8 bp −$55.4 bp −$549.4 bp −$944doesn't fit

XRP on 50 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XRPUSD−0.0080%1h1.5256−0.046%$9K$98710xas long as short
Hotstuff XRP-PERP−0.0080%1h1.5366+0.675%$5K$4K20xas long as short
Kraken Futures PF_XRPUSD−0.0063%1h1.5266+0.019%$13.8M$69.7M50xas long as short
dYdX XRP-USD0.0000%1h1.5256−0.045%$1.1M$154K10xas long as short
Phoenix XRP0.0000%1h1.5240−0.151%$68K$108K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5266+0.020%$7.6M$20.9M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5252−0.071%$241K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.946%$2K$107K30xas long as short
Hibachi XRP/USDT-P+0.0088%1h1.5259−0.024%$17K$75K7xas long as short
Lighter XRP+0.0096%1h1.5257−0.041%$2.8M$14.1M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5262−0.007%$591K$3.1M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5257−0.040%$476K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5249−0.092%$9K$403K20xas long as short
Nado XRP-PERP+0.0100%1h1.5259−0.023%$1.1M$5.8M20xas long as short
Hyperliquid XRPshort+0.0100%1h1.5274+0.072%$295.9M$266.9M20x
Aster XRPUSDT+0.0100%8h1.52630.000%$38.8M$80.3M100xas long as short
Pacifica XRP+0.0100%1h1.5261−0.016%$589K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5256−0.047%$529.8M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5264+0.007%$357.8M$878.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5261−0.013%$123.5M$827.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5240−0.151%$560K$37K5xas long as short
Arcus XRP-USD+0.0100%1h1.5258−0.033%$163K$695K20xas long as short
Gate XRP_USDT+0.0100%8h1.5265+0.013%$379.7M$158.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5265+0.013%$305.4M$900.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5263+0.001%$104.4M$181.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5264+0.007%$269.8M$356.0M125xas long as short
BingX XRP-USDTlong+0.0100%8h1.5263long leg$99.4M
Backpack XRP_USDC_PERP+0.0100%1h1.5261−0.013%$2.0M$1.2M25xas long as short
Variational Omni XRP+0.0100%8h1.5257−0.040%$4.9M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5232−0.205%$662K$108.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5239−0.160%$1.1M$32.6M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5268+0.033%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5262−0.007%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5264+0.007%$52K$473K20xas long as short
Bullet XRP-USD+0.0100%1h1.5264+0.005%$41K$64K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5262−0.007%$83K$601K50xas long as short
SunX XRP-USDT+0.0100%8h1.5264+0.003%$128K$1.5M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5261−0.013%$30K$1.4M10xas long as short
HTX XRP-USDT+0.0100%8h1.5259−0.026%$49.7M$13.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5261−0.013%$54.4M$33.3M50xas long as short
Bulk XRP-USD+0.0100%1h1.5287+0.154%$1.6M$32K20xas long as short
Extended XRP-USD+0.0104%1h1.5257−0.042%$2.2M$6.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5259−0.023%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTX+0.0112%1h1.5265+0.013%$5.4M$42.9M50xas long as short
Kalshi KXXRPPERP+0.0129%8h1.5255−0.052%$1.9M$35.4M2.9xas long as short
BloFin XRP-USDT+0.0220%8h1.5251−0.079%$23.8M$77.7M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5257−0.039%$1.3M$1K15xas long as short
GMX XRP/USD [ETH-USDC]L +0.0225% / S −0.0458%1h1.5264+0.009%$859K200xas long as short
RISEx XRP/USDC+0.0239%1h1.5266+0.019%$512K$725K10xas long as short
Aftermath Perps XRPUSD+0.0336%1h1.5268+0.033%$3K$13K10xas long as short