Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: BingX against edgeX−0.169%55s7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.263% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.169% cheaper against edgeX than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5224	0.0100	pay 0.0050% / 4h	1h 00m	$661K	$114.0M	30x
Short	BingX XRP-USDC	1.5198	0.0100	get 0.0100% / 8h	1h 00m	—	$4.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now −0.169%Rate

Funding earned: $0
Price spread: −0.169% → 0.000%: −$16.93
Slippage, 4 orders: −$7.33
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$43.26
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; BingX: live order book, 4 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 edgeX live order book, 3 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.8 bp −$879	doesn't fit
Sell BingX live order book, 4 min ago	0.33 bp	7.6 bp −$8	9.9 bp −$99	20.6 bp −$2,056	83.1 bp −$41.5K

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	1.5227	+0.021%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5193	−0.201%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	−0.025%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5200	−0.157%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5199	−0.162%	$14.5M	$74.3M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.209%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5207	−0.110%	$7.8M	$24.4M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0093% / S −0.0049%	1h	1.5200	−0.159%	$784K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5198	−0.172%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5197	−0.176%	$545K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5201	−0.150%	$10K	$370K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5210	−0.087%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5196	−0.182%	$38.5M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5197	−0.174%	$615K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5196	−0.182%	$533.2M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5199	−0.163%	$348.6M	$961.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5202	−0.143%	$129.4M	$883.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	−0.202%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5212	−0.077%	$145K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5195	−0.186%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5202	−0.143%	$378.2M	$162.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5201	−0.150%	$312.4M	$934.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5195	−0.192%	$107.6M	$183.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5200	−0.156%	$268.8M	$395.7M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5198	−0.169%	—	$4.2M	—
Variational Omni XRP	+0.0100%	8h	1.5187	−0.243%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5224	long leg	$661K	$114.0M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5219	−0.031%	$1.1M	$35.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5227	+0.021%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5210	−0.088%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5205	−0.123%	$50K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5194	−0.196%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5204	−0.130%	$75K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5224	+0.002%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5215	−0.060%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5202	−0.143%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5191	−0.219%	$49.6M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5197	−0.176%	$54.4M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5207	−0.108%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5197	−0.174%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5201	−0.146%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5211	−0.084%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0128%	1h	1.5207	−0.113%	$17K	$79K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0170%	1h	1.5203	−0.136%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5207	−0.110%	$5.7M	$48.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0216%	8h	1.5208	−0.104%	$1.8M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5208	−0.104%	$289.8M	$266.9M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5200	−0.159%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5198	−0.169%	$23.7M	$77.9M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5211	−0.085%	$529K	$806K	10x	as long as short
Aftermath Perps XRPUSD	+0.0710%	1h	1.5220	−0.027%	$2K	$16K	10x	as long as short