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 Variational Omni−0.112%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.112% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5328	0.0100	pay 0.0100% / 8h	7h 32m	$6.3M	$35.5M	—
Short	BingX XRP-USDC	1.5311	0.0100	get 0.0100% / 8h	7h 32m	—	$3.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → 0.000%: −$11.17
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$21.17
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; BingX: live order book, 2 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 Variational Omni RFQ quote, 1 min ago	2.02 bp	doesn't fit	5.7 bp −$57	25.3 bp −$2,532	doesn't fit
Sell BingX live order book, 2 min ago	0.65 bp	8.7 bp −$9	12.1 bp −$121	27.4 bp −$2,737	81.4 bp −$40.7K

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	1.5327	−0.007%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5315	−0.085%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5310	−0.118%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0013% / S +0.0081%	1h	1.5307	−0.136%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.513%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5313	−0.099%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0077%	1h	1.5316	−0.079%	$9.3M	$25.1M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5316	−0.078%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5321	−0.046%	$514K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5313	−0.099%	$10K	$277K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5326	−0.016%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5324	−0.024%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5314	−0.095%	$38.7M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5325	−0.019%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5306	−0.144%	$539.0M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5306	−0.144%	$341.0M	$920.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5304	−0.157%	$124.7M	$868.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.079%	$571K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5330	+0.012%	$118K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.211%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5313	−0.099%	$373.5M	$149.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5316	−0.079%	$308.1M	$902.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5313	−0.099%	$108.6M	$165.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5305	−0.151%	$267.7M	$374.8M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5311	−0.112%	—	$3.7M	—
Variational Omni XRPlong	+0.0100%	8h	1.5328	long leg	$6.3M	$35.5M	—
edgeX XRPUSDC	+0.0100%	4h	1.5313	−0.096%	$665K	$107.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5322	−0.038%	$1.1M	$38.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5333	+0.032%	$1.0M	$892K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5324	−0.027%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5312	−0.105%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5315	−0.083%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5326	−0.015%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5315	−0.086%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5318	−0.063%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5313	−0.099%	$54.5M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5319	−0.060%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5312	−0.103%	$2.1M	$7.1M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5308	−0.131%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5313	−0.097%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5318	−0.064%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5317	−0.073%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5319	−0.060%	$5.8M	$46.2M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5314	−0.092%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0284%	1h	1.5322	−0.040%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5327	−0.007%	$2.1M	$34.9M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5328	−0.004%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0402%	1h	1.5327	−0.007%	$289.4M	$214.5M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.012%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0805%	1h	1.5328	−0.003%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5323	−0.032%	$506K	$754K	10x	as long as short