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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Katana Perps against BingX−0.104%7-day average +0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.029%−$3 on $10k
Price spread, last 7 days+0.058%+$6 · spread now −0.104%, 7d avg +0.003%
Together, before fees+0.029%+$3 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: Katana Perps is 0.108% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XRP-USDC1.53240.0100pay 0.0100% / 8h5h 47m$4.2M
ShortKatana Perps XRP-USD1.53080.0100get 0.0100% / 8h5h 47m$10K$399K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
−$0.04
Price spread: −0.104% → +0.003%
−$10.79
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$24.64
Costs to cover
0.138%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 6 min ago; Katana Perps: no order-book sample. Net counts fees only.

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, 6 min ago0.65 bp7.3 bp −$710.5 bp −$10529.0 bp −$2,90590.9 bp −$45.5K
Sell Katana Perps no order-book sample
Katana Perps: 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 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
Hotstuff XRP-PERP−0.0080%1h1.5403+0.516%$5K$4K20xas long as short
Kraken Futures PF_XRPUSD−0.0062%1h1.5328+0.029%$14.0M$70.7M50xas long as short
dYdX XRP-USD0.0000%1h1.5329+0.031%$1.1M$154K10xas long as short
Phoenix XRP0.0000%1h1.5340+0.104%$69K$108K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5330+0.039%$7.8M$21.3M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5321−0.019%$245K150xas long as short
01 Exchange XRPUSD+0.0008%1h1.5304−0.131%$9K$98710xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.540%$2K$107K30xas long as short
SoDEX XRP-USD+0.0056%1h1.5327+0.020%$29K$1.5M10xas long as short
Lighter XRP+0.0096%1h1.5330+0.037%$2.8M$14.1M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5335+0.072%$599K$3.1M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5331+0.048%$478K$47K50xas long as short
Katana Perps XRP-USDshort+0.0100%8h1.5308−0.104%$10K$399K20x
Nado XRP-PERP+0.0100%1h1.5314−0.065%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5341+0.111%$298.8M$266.7M20xas long as short
Aster XRPUSDT+0.0100%8h1.5311−0.085%$39.3M$81.5M100xas long as short
Pacifica XRP+0.0100%1h1.5332+0.052%$592K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5311−0.087%$533.7M$2.08B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5313−0.072%$361.3M$888.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5323−0.007%$124.7M$834.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5321−0.020%$563K$37K5xas long as short
Arcus XRP-USD+0.0100%1h1.5316−0.052%$164K$681K20xas long as short
Bulk XRP-USD+0.0100%1h1.5379+0.359%$1.6M$25K20xas long as short
Gate XRP_USDT+0.0100%8h1.5326+0.013%$381.8M$156.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5329+0.033%$313.8M$889.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5330+0.036%$105.9M$181.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5323−0.007%$271.8M$356.3M125xas long as short
BingX XRP-USDClong+0.0100%8h1.5324long leg$4.2M
Backpack XRP_USDC_PERP+0.0100%1h1.5335+0.072%$2.0M$1.2M25xas long as short
Variational Omni XRP+0.0100%8h1.5325+0.004%$5.0M$38.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.5326+0.016%$666K$109.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5340+0.106%$1.1M$30.7M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5341+0.111%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5325+0.005%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5322−0.013%$52K$475K20xas long as short
Bullet XRP-USD+0.0100%1h1.5320−0.026%$42K$65K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5325+0.007%$83K$613K50xas long as short
SunX XRP-USDT+0.0100%8h1.5329+0.035%$128K$1.5M30xas long as short
HTX XRP-USDT+0.0100%8h1.5321−0.017%$49.9M$14.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5327+0.020%$54.6M$33.3M50xas long as short
Extended XRP-USD+0.0104%1h1.5317−0.043%$2.2M$6.1M50xas long as short
Hibachi XRP/USDT-P+0.0104%1h1.5335+0.074%$17K$76K7xas long as short
Aevo XRP-PERP+0.0104%1h1.5320−0.024%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTX+0.0112%1h1.5330+0.039%$5.4M$44.1M50xas long as short
Kalshi KXXRPPERP+0.0137%8h1.5333+0.059%$1.9M$35.1M2.9xas long as short
GMX XRP/USD [ETH-USDC]L +0.0208% / S −0.0573%1h1.5322−0.011%$804K200xas long as short
BloFin XRP-USDT+0.0220%8h1.5333+0.059%$23.9M$78.3M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5323−0.007%$1.4M$1K15xas long as short
RISEx XRP/USDC+0.0239%1h1.5328+0.029%$515K$736K10xas long as short
Aftermath Perps XRPUSD+0.0436%1h1.5351+0.174%$3K$13K10xas long as short