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

XRP

all XRP markets
SwapBacktest
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: Binance against Bybit+0.004%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$240.236% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 7 days−0.010%−$1 · spread now +0.004%, 7d avg +0.004%
Together, before fees−0.046%−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XRPUSDT1.51000.0100pay 0.0100% / 8h5h 53m$341.2M$924.4M100x
ShortBinance XRPUSDT1.51010.0100get 0.0100% / 8h5h 53m$535.5M$2.09B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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: +0.004% → +0.004%
$0.02
Slippage, 4 orders
−$2.64
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$23.62
Costs to cover
0.236%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 5 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 Bybit live order book, 5 min ago0.33 bp5.8 bp −$66.7 bp −$6712.0 bp −$1,20425.2 bp −$12.6K
Sell Binance live order book, 5 min ago0.33 bp5.4 bp −$57.1 bp −$7113.9 bp −$1,39426.7 bp −$13.3K

XRP on 50 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%1h1.5089−0.073%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5090−0.064%$1.1M$110K10xas long as short
Phoenix XRP0.0000%1h1.5130+0.199%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5087−0.084%$252K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0025% / S +0.0051%1h1.5087−0.089%$797K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+3.046%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0075%8h1.5097−0.020%$62K$935K50xas long as short
01 Exchange XRPUSD+0.0088%1h1.5088−0.079%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5099−0.005%$2.8M$14.4M20xas long as short
Lighter RH XRP+0.0096%1h1.5097−0.020%$508K$3.2M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5075−0.166%$9K$305K20xas long as short
Nado XRP-PERP+0.0100%1h1.5088−0.083%$983K$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5108+0.052%$279.1M$219.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5091−0.058%$38.2M$83.0M100xas long as short
Pacifica XRP+0.0100%1h1.5089−0.073%$606K$1.1M20xas long as short
Binance XRPUSDTshort+0.0100%8h1.5101+0.004%$535.5M$2.09B100x
Bybit XRPUSDTlong+0.0100%8h1.5100long leg$341.2M$924.4M100x
OKX XRP-USDT-SWAP+0.0100%8h1.5101+0.007%$124.6M$860.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5072−0.185%$561K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5092−0.053%$114K$694K20xas long as short
Bulk XRP-USD+0.0100%1h1.5087−0.089%$1.6M$161K20xas long as short
Gate XRP_USDT+0.0100%8h1.5095−0.033%$368.2M$150.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5097−0.020%$292.2M$891.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5097−0.020%$106.3M$170.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5093−0.046%$266.0M$379.2M125xas long as short
BingX XRP-USDC+0.0100%8h1.5091−0.060%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5143+0.285%$6.1M$35.9Mas long as short
edgeX XRPUSDC+0.0100%4h1.5088−0.076%$655K$108.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5115+0.099%$1.1M$35.9M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5094−0.040%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5093−0.047%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5084−0.106%$41K$447K20xas long as short
Bullet XRP-USD+0.0100%1h1.5091−0.061%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5098−0.011%$812K$75K10xas long as short
SunX XRP-USDT+0.0100%8h1.5092−0.053%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5101+0.007%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5088−0.082%$49.4M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5094−0.040%$53.7M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5089−0.070%$470K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5092−0.054%$2.0M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5098−0.015%$58K$25K3xas long as short
Deribit XRP_USDC-PERPETUAL+0.0214%1h1.5104+0.026%$7.7M$25.1M50xas long as short
Reya XRPRUSDPERP+0.0215%1h1.5086−0.092%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5099−0.007%$5.6M$46.2M50xas long as short
Backpack XRP_USDC_PERP+0.0219%1h1.5097−0.020%$1.9M$1.3M25xas long as short
Kraken Futures PF_XRPUSD+0.0274%1h1.5097−0.020%$14.4M$72.8M50xas long as short
Hibachi XRP/USDT-P+0.0320%1h1.5139+0.261%$17K$81K7xas long as short
Kalshi KXXRPPERP+0.0356%8h1.5093−0.046%$2.1M$34.9M2.9xas long as short
RISEx XRP/USDC+0.0484%1h1.5092−0.054%$525K$787K10xas long as short
Aftermath Perps XRPUSD+0.0751%1h1.5112+0.076%$2K$14K10xas long as short