Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget+0.020%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.020%, 7d avg −0.047%

Together, before fees−0.036%−$4 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: BingX is 0.067% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XRPUSDT	1.5173	0.0100	pay 0.0100% / 8h	4h 23m	$268.5M	$384.5M	125x
Short	BingX XRP-USDC	1.5176	0.0100	get 0.0100% / 8h	4h 23m	—	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.047%: $6.72
Slippage, 4 orders: −$8.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$23.71
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; BingX: live order book, 11 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 Bitget live order book, 6 min ago	0.33 bp	6.4 bp −$6	7.7 bp −$77	18.3 bp −$1,826	30.3 bp −$15.2K
Sell BingX live order book, 11 min ago	0.66 bp	8.5 bp −$9	11.8 bp −$118	25.7 bp −$2,568	64.0 bp −$32.0K

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	1.5187	+0.092%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5178	+0.031%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5176	+0.017%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	+0.112%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5176	+0.021%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5177	+0.026%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.551%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0043% / S +0.0026%	1h	1.5174	+0.009%	$792K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0085%	8h	1.5177	+0.026%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5175	+0.013%	$2.8M	$14.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5178	+0.033%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5166	−0.046%	$10K	$326K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5166	−0.043%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5185	+0.079%	$281.6M	$226.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5175	+0.013%	$38.4M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5175	+0.011%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5174	+0.007%	$535.0M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5175	+0.013%	$347.0M	$934.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5176	+0.020%	$126.2M	$875.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	+0.007%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5176	+0.020%	$110K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5174	+0.007%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5170	−0.020%	$370.0M	$154.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5169	−0.026%	$292.4M	$900.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5177	+0.024%	$108.3M	$174.5M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5173	long leg	$268.5M	$384.5M	125x
BingX XRP-USDCshort	+0.0100%	8h	1.5176	+0.020%	—	$4.1M	—
Variational Omni XRP	+0.0100%	8h	1.5179	+0.038%	$5.2M	$37.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5183	+0.064%	$661K	$108.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5178	+0.030%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5192	+0.125%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5174	+0.007%	$44K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5177	+0.025%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5178	+0.031%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5181	+0.055%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5180	+0.046%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5191	+0.119%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5180	+0.046%	$54.2M	$30.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5173	−0.002%	$473K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5176	+0.018%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5171	−0.016%	$2.0M	$6.8M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5177	+0.026%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5174	+0.006%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0174%	1h	1.5189	+0.105%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5183	+0.065%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5183	+0.066%	$5.6M	$47.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5170	−0.019%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5177	+0.026%	$24.1M	$76.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0312%	8h	1.5182	+0.059%	$2.1M	$34.5M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5177	+0.026%	$517K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0650%	1h	1.5183	+0.067%	$2K	$15K	10x	as long as short