Funding you earn now, next payment 03:00 UTC−0.0173%/8h= −19.0% APRpaid last 24h −0.017%
Price spread now: BingX against Kraken Futures−0.074%53s7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as 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−$330.328% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.074%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BingX is 0.053% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.022%). Swap the legs. The two prices were read 53 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 | Kraken Futures PF_XRPUSD | 1.5157 | 0.0273 | pay 0.0034% / 1h | 27m 25s | $14.5M | $73.1M | 50x |
| Short | BingX XRP-USDC | 1.5146 | 0.0100 | get 0.0100% / 8h | 5h 27m | — | $4.1M | — |
Kraken Futures PF_XRPUSD
BingX XRP-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$36.36
- Price spread: −0.074% → −0.022%
- −$5.26
- Slippage, 4 orders
- −$12.79
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$74.42
- Costs to cover
- 0.328%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; BingX: live order book, 8 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 Kraken Futures live order book, 2 min ago | 1.32 bp | 7.4 bp −$7 | 11.0 bp −$110 | 18.7 bp −$1,872 | 36.4 bp −$18.2K |
| Sell BingX live order book, 8 min ago | 0.66 bp | 8.9 bp −$9 | 11.1 bp −$111 | 21.2 bp −$2,120 | 65.3 bp −$32.6K |
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 | 1.5163 | +0.038% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5150 | −0.048% | $1.1M | $110K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5146 | −0.073% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5161 | +0.025% | $7.7M | $25.4M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.657% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0034% / S +0.0043% | 1h | 1.5160 | +0.016% | $818K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5153 | −0.028% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0076% | 8h | 1.5157 | −0.002% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5155 | −0.014% | $2.8M | $14.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5153 | −0.028% | $511K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5146 | −0.074% | $10K | $309K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5151 | −0.038% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5160 | +0.018% | $281.0M | $221.7M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5153 | −0.028% | $38.4M | $83.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5155 | −0.016% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5148 | −0.058% | $537.0M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5147 | −0.068% | $343.8M | $927.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5150 | −0.048% | $125.7M | $866.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5171 | +0.091% | $565K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5155 | −0.015% | $114K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5156 | −0.007% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5151 | −0.041% | $369.1M | $152.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5151 | −0.041% | $292.6M | $899.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5150 | −0.048% | $108.2M | $171.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5148 | −0.061% | $267.6M | $379.8M | 125x | as long as short |
| BingX XRP-USDCshort | +0.0100% | 8h | 1.5146 | −0.074% | — | $4.1M | — | |
| Variational Omni XRP | +0.0100% | 8h | 1.5198 | +0.271% | $5.8M | $36.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5184 | +0.176% | $659K | $107.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5175 | +0.115% | $1.1M | $35.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5208 | +0.335% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5154 | −0.024% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5150 | −0.048% | $42K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5148 | −0.060% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5158 | +0.008% | $816K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5173 | +0.107% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5159 | +0.012% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5155 | −0.013% | $49.6M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5161 | +0.025% | $54.0M | $30.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5152 | −0.037% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5148 | −0.058% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5155 | −0.012% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0193% | 1h | 1.5162 | +0.031% | $1.9M | $1.3M | 25x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5145 | −0.082% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5166 | +0.058% | $5.6M | $46.5M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5178 | +0.137% | $24.2M | $75.1M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0240% | 1h | 1.5184 | +0.177% | $17K | $82K | 7x | as long as short |
| Kraken Futures PF_XRPUSDlong | +0.0273% | 1h | 1.5157 | long leg | $14.5M | $73.1M | 50x | |
| Kalshi KXXRPPERP | +0.0354% | 8h | 1.5178 | +0.137% | $2.1M | $35.0M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5156 | −0.006% | $516K | $776K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5190 | +0.216% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0685% | 1h | 1.5167 | +0.064% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD