Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: Binance against Ondo Perps+0.617%7-day average +0.053% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.460%−$46 · spread now +0.617%, 7d avg +0.053%

Together, before fees−0.438%+ Points / potential airdropOndo Perps: Active · farm board−$44 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: Binance is 0.564% dearer against Ondo Perps than usual: you sell high and buy low, +$56 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XRP-USD.P	1.5541	0.0100	pay 0.0013% / 1h	47m 37s	$579K	$41K	5x
Short	Binance XRPUSDT	1.5637	0.0100	get 0.0100% / 8h	1h 47m	$566.9M	$1.92B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.617%Rate

Funding earned: $0
Price spread: +0.617% → +0.053%: $56.37
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: $41.37
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 11 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	0.32 bp	5.3 bp −$5	5.6 bp −$56	13.2 bp −$1,323	29.4 bp −$14.7K

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5591	+0.322%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5628	+0.559%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5623	+0.528%	$262K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.615%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5631	+0.577%	$15.7M	$67.4M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5629	+0.566%	$82K	$935K	50x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5577	+0.229%	$19K	$73K	7x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0070%	1h	1.5631	+0.579%	$9.6M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0079% / S +0.0146%	1h	1.5622	+0.524%	$925K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5631	+0.578%	$3.0M	$11.7M	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	1.5643	+0.656%	$460K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5631	+0.581%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5632	+0.589%	$39.8M	$75.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5638	+0.624%	$676K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5637	+0.617%	$566.9M	$1.92B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5631	+0.579%	$355.1M	$870.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5631	+0.579%	$128.8M	$868.7M	100x	as long as short
Ondo Perps XRP-USD.Plong	+0.0100%	1h	1.5541	long leg	$579K	$41K	5x
Arcus XRP-USD	+0.0100%	1h	1.5638	+0.624%	$121K	$724K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−0.090%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5629	+0.566%	$372.7M	$134.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5629	+0.566%	$291.6M	$823.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5628	+0.560%	$113.0M	$153.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5632	+0.586%	$271.4M	$352.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5631	+0.579%	—	$115.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5524	−0.108%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5540	−0.006%	$675K	$98.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5571	+0.190%	$1.1M	$41.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5590	+0.315%	$1.0M	$882K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5627	+0.553%	$54K	$436K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5627	+0.553%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5629	+0.566%	$841K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5631	+0.577%	$131K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5628	+0.560%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5630	+0.575%	$51.4M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5629	+0.566%	$55.6M	$28.8M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5611	+0.451%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5637	+0.616%	$488K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5631	+0.579%	$12K	$248K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5630	+0.574%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5627	+0.554%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5634	+0.598%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5626	+0.544%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5635	+0.605%	$5.8M	$46.2M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5596	+0.354%	$24.6M	$71.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0338%	8h	1.5628	+0.560%	$1.9M	$32.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0372%	1h	1.5631	+0.579%	$1.8M	$977K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5590	+0.315%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5639	+0.630%	$409K	$531K	10x	as long as short
Aftermath Perps XRPUSD	+0.0585%	1h	1.5572	+0.201%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0655%	1h	1.5647	+0.682%	$289.6M	$195.5M	20x	as long as short