Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Extended+0.133%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$180.184% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.105%−$11 · spread now +0.133%, 7d avg +0.035%

Together, before fees−0.158%+ Points / potential airdropExtended: Active · farm board−$16 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 0.098% dearer against Extended than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XRP-USD	1.5100	0.0104	pay 0.0013% / 1h	53m 20s	$2.0M	$6.9M	50x
Short	BingX XRP-USDT	1.5120	0.0100	get 0.0100% / 8h	5h 53m	—	$126.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$0.84
Price spread: +0.133% → +0.035%: $9.84
Slippage, 4 orders: −$3.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$9.39
Costs to cover: 0.184%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; BingX: live order book, 16 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 Extended live order book, 6 min ago	0.33 bp	4.2 bp −$4	6.2 bp −$62	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	0.66 bp	5.7 bp −$6	6.1 bp −$61	8.7 bp −$871	16.4 bp −$8,220

XRP on 50 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	1.5089	−0.072%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5096	−0.026%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5117	+0.115%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0026% / S +0.0050%	1h	1.5116	+0.109%	$798K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.047%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5123	+0.153%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5106	+0.041%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5098	−0.014%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5098	−0.012%	$508K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5096	−0.026%	$9K	$305K	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5098	−0.009%	$985K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5116	+0.107%	$279.3M	$219.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5104	+0.029%	$38.3M	$83.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5100	+0.001%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5122	+0.147%	$536.3M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5121	+0.140%	$341.7M	$924.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5125	+0.166%	$124.8M	$861.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5072	−0.185%	$561K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5108	+0.054%	$114K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5087	−0.088%	$1.6M	$161K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5119	+0.127%	$368.8M	$150.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5112	+0.080%	$292.8M	$891.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5102	+0.013%	$106.4M	$170.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5120	+0.133%	$266.5M	$379.1M	125x	as long as short
BingX XRP-USDTshort	+0.0100%	8h	1.5120	+0.133%	—	$126.1M	—
Variational Omni XRP	+0.0100%	8h	1.5143	+0.286%	$6.1M	$35.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5094	−0.036%	$655K	$108.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5115	+0.100%	$1.1M	$35.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5094	−0.039%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5103	+0.021%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5105	+0.034%	$41K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5119	+0.128%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5126	+0.170%	$814K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5092	−0.052%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5122	+0.147%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5088	−0.081%	$49.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5094	−0.039%	$53.7M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5105	+0.031%	$471K	$55K	50x	as long as short
Extended XRP-USDlong	+0.0104%	1h	1.5100	long leg	$2.0M	$6.9M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5121	+0.141%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0214%	1h	1.5104	+0.027%	$7.7M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5104	+0.028%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5099	−0.006%	$5.6M	$46.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0219%	1h	1.5097	−0.019%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5097	−0.019%	$14.4M	$72.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5091	−0.055%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0356%	8h	1.5093	−0.046%	$2.1M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5109	+0.064%	$526K	$787K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5100	+0.001%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0742%	1h	1.5113	+0.088%	$2K	$14K	10x	as long as short