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 Gate+0.040%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.044%−$4 · spread now +0.040%, 7d avg 0.000%

Together, before fees−0.025%−$2 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 0.040% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5110	0.0100	pay 0.0100% / 8h	6h 42m	$367.5M	$150.3M	100x
Short	BingX XRP-USDT	1.5116	0.0100	get 0.0100% / 8h	6h 42m	—	$127.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → 0.000%: $4.02
Slippage, 4 orders: −$11.04
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$32.02
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from Gate: live order book, 1 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 Gate live order book, 1 min ago	0.33 bp	11.7 bp −$12	14.0 bp −$140	27.5 bp −$2,745	38.3 bp −$19.1K
Sell BingX live order book, 11 min ago	0.99 bp	6.0 bp −$6	6.0 bp −$60	10.1 bp −$1,006	19.7 bp −$9,861

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	1.5156	+0.304%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5155	+0.296%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.331%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5139	+0.193%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0023% / S +0.0065%	1h	1.5142	+0.215%	$830K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.978%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5135	+0.167%	$14.6M	$72.4M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0069%	8h	1.5137	+0.179%	$57K	$945K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5139	+0.192%	$9.0M	$25.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5139	+0.190%	$2.8M	$14.1M	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	1.5138	+0.185%	$518K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5153	+0.285%	$11K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	+0.248%	$882K	$5.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5118	+0.055%	$38.3M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5153	+0.285%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5115	+0.035%	$535.1M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5116	+0.040%	$336.9M	$939.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5118	+0.053%	$123.6M	$869.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5157	+0.311%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5157	+0.311%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.482%	$1.6M	$305K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5110	long leg	$367.5M	$150.3M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5114	+0.026%	$290.6M	$900.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5103	−0.045%	$108.0M	$171.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5104	−0.040%	$264.0M	$384.1M	125x	as long as short
BingX XRP-USDTshort	+0.0100%	8h	1.5116	+0.040%	—	$127.0M	—
Variational Omni XRP	+0.0100%	8h	1.5155	+0.299%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5178	+0.451%	$660K	$108.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5150	+0.264%	$1.1M	$38.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5185	+0.496%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5153	+0.281%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5152	+0.278%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5150	+0.267%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5139	+0.194%	$815K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5155	+0.297%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5139	+0.192%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5135	+0.163%	$49.6M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5130	+0.132%	$53.7M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5152	+0.280%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5102	−0.053%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5136	+0.175%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5161	+0.338%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0171%	1h	1.5130	+0.132%	$279.7M	$223.4M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5148	+0.254%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5145	+0.232%	$5.7M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.549%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5141	+0.208%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0335%	8h	1.5156	+0.304%	$2.1M	$36.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0358%	1h	1.5134	+0.159%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5158	+0.315%	$537K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0797%	1h	1.5163	+0.354%	$2K	$14K	10x	as long as short