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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against BingX+0.013%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$270.269% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.041%−$4 on $10k
Price spread, last 3 days (all we have)+0.226%+$23 · spread now +0.013%, 7d avg +0.029%
Together, before fees+0.185%+$19 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XRP-USDT1.51030.0100pay 0.0100% / 8h6h 41m$127.0M
ShortPolymarket Perps XRP-USD1.51050.0100get 0.0013% / 1h41m 25s$45K$453K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket 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
Price spread: +0.013% → +0.029%
−$1.62
Slippage, 4 orders
−$8.94
Fee BingX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$28.56
Costs to cover
0.269%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; Polymarket Perps: live order book, 26 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, 3 min ago0.99 bp6.0 bp −$66.2 bp −$628.6 bp −$85716.4 bp −$8,200
Sell Polymarket Perps live order book, 26 min ago1.95 bp8.4 bp −$89.7 bp −$97doesn't fitdoesn't fit

XRP on 51 venues

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%1h1.5120+0.113%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5088−0.102%$1.1M$120K10xas long as short
Phoenix XRP0.0000%1h1.5110+0.046%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5101−0.011%$252K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0023% / S +0.0064%1h1.5100−0.022%$828K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+3.026%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5101−0.016%$14.5M$72.4M50xas long as short
Orderly PERP_XRP_USDC+0.0069%8h1.5109+0.040%$57K$945K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0081%1h1.5110+0.046%$9.0M$25.0M50xas long as short
Lighter XRP+0.0096%1h1.5091−0.077%$2.8M$14.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5094−0.060%$516K$3.3M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5098−0.033%$10K$306K20xas long as short
Nado XRP-PERP+0.0100%1h1.5100−0.017%$877K$5.8M20xas long as short
Aster XRPUSDT+0.0100%8h1.5101−0.013%$38.4M$84.3M100xas long as short
Pacifica XRP+0.0100%1h1.5095−0.050%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5102−0.009%$534.6M$2.10B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5098−0.033%$336.5M$940.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5104+0.007%$123.8M$869.5M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5121+0.119%$562K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5110+0.046%$115K$723K20xas long as short
Bulk XRP-USD+0.0100%1h1.5183+0.529%$1.6M$305K20xas long as short
Gate XRP_USDT+0.0100%8h1.5099−0.026%$367.2M$150.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5102−0.007%$290.1M$901.6M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5089−0.093%$107.2M$171.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5099−0.026%$264.4M$384.8M125xas long as short
BingX XRP-USDTlong+0.0100%8h1.5103long leg$127.0M
Variational Omni XRP+0.0100%8h1.5155+0.345%$6.2M$35.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5152+0.327%$658K$108.0M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5150+0.310%$1.1M$38.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5163+0.397%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5108+0.034%$12K10xas long as short
Polymarket Perps XRP-USDshort+0.0100%1h1.5105+0.013%$45K$453K20x
Bullet XRP-USD+0.0100%1h1.5102−0.007%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5109+0.042%$813K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5115+0.079%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5105+0.013%$29K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5102−0.005%$49.5M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5102−0.007%$53.6M$29.5M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5099−0.029%$471K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5102−0.008%$2.0M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5105+0.016%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0136%1h1.5108+0.033%$8K$8K10xas long as short
Hyperliquid XRP+0.0177%1h1.5112+0.060%$279.8M$223.9M20xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5100−0.018%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5110+0.046%$5.6M$46.4M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5193+0.596%$24.0M$75.2M125xas long as short
Hibachi XRP/USDT-P+0.0328%1h1.5104+0.005%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0339%8h1.5117+0.093%$2.1M$36.1M2.9xas long as short
Backpack XRP_USDC_PERP+0.0342%1h1.5123+0.132%$1.9M$1.3M25xas long as short
RISEx XRP/USDC+0.0456%1h1.5110+0.045%$535K$782K10xas long as short
Aftermath Perps XRPUSD+0.0803%1h1.5154+0.338%$2K$14K10xas long as short