Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0294%/8h= −32.2% APRpaid last 24h −0.116%

Price spread now: Binance against RISEx−0.019%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$220.225% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.345%−$35 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.019%, 7d avg −0.046%

Together, before fees−0.385%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.027% dearer against RISEx than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.046%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5163	0.0394	pay 0.0049% / 1h	3m 43s	$520K	$798K	10x
Short	Binance XRPUSDT	1.5160	0.0100	get 0.0100% / 8h	3m 43s	$529.0M	$2.21B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.019%Rate

Funding earned: −$61.81
Price spread: −0.019% → −0.046%: $2.72
Slippage, 4 orders: −$6.45
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$81.54
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from RISEx: live order book, 35 min ago; Binance: live order book, 10 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 RISEx live order book, 35 min ago	2.90 bp	5.9 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.33 bp	5.3 bp −$5	6.4 bp −$64	12.5 bp −$1,252	32.3 bp −$16.2K

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	1.5161	−0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5168	+0.033%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5165	+0.014%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5174	+0.073%	$7.7M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.619%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5167	+0.027%	$14.6M	$73.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5186	+0.153%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5162	−0.009%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5164	+0.007%	$604K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5155	−0.052%	$20K	$383K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5164	+0.011%	$998K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5163	+0.002%	$38.5M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5163	0.000%	$610K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5160	−0.019%	$529.0M	$2.21B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5158	−0.032%	$349.8M	$947.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5160	−0.019%	$127.3M	$862.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	+0.060%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5165	+0.014%	$143K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5189	+0.172%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5160	−0.019%	$377.5M	$163.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5160	−0.019%	$309.6M	$931.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5160	−0.020%	$106.6M	$183.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5156	−0.046%	$268.7M	$388.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5160	−0.019%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5165	+0.017%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5174	+0.073%	$659K	$113.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5174	+0.073%	$1.1M	$33.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5182	+0.126%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5176	+0.085%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5169	+0.040%	$52K	$515K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5167	+0.027%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5168	+0.034%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5185	+0.143%	$817K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5169	+0.043%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5165	+0.014%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	+0.041%	$49.5M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5167	+0.027%	$54.1M	$32.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5166	+0.023%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5153	−0.066%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5166	+0.020%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5166	+0.019%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0110% / S −0.0072%	1h	1.5165	+0.013%	$783K	—	200x	as long as short
Hyperliquid XRP	+0.0143%	1h	1.5179	+0.106%	$289.8M	$268.2M	20x	as long as short
Kalshi KXXRPPERP	+0.0163%	8h	1.5174	+0.073%	$1.8M	$33.6M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5173	+0.067%	$5.6M	$47.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0181%	1h	1.5176	+0.086%	$2.0M	$1.4M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5184	+0.139%	$23.6M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5163	−0.002%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDClong	+0.0394%	1h	1.5163	long leg	$520K	$798K	10x
Phoenix XRP	+0.0526%	1h	1.5190	+0.179%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0575%	1h	1.5175	+0.082%	$2K	$16K	10x	as long as short