Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Arcus−0.038%7-day average +0.011% · 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−$32as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.038%, 7d avg +0.011%

Together, before fees+0.036%+$4 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: KuCoin is 0.049% cheaper against Arcus than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5325	0.0100	pay 0.0013% / 1h	54m 29s	$166K	$705K	20x
Short	KuCoin XRPUSDTM	1.5319	0.0100	get 0.0100% / 8h	6h 54m	$107.9M	$180.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. 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 ArcusbpFee KuCoinbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → +0.011%: −$4.93
Slippage, 4 orders: −$10.91
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$32.33
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Arcus: live order book, 39 min ago; KuCoin: live order book, 5 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 Arcus live order book, 39 min ago	0.66 bp	3.5 bp −$4	5.3 bp −$53	28.3 bp −$2,832	doesn't fit
Sell KuCoin live order book, 5 min ago	0.03 bp	10.5 bp −$11	17.7 bp −$177	doesn't fit	doesn't fit

XRP on 50 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	1.5321	−0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5300	−0.164%	$1.1M	$155K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	+0.685%	$69K	$109K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5353	+0.183%	$7.9M	$22.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5479	+1.002%	$251K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0016%	1h	1.5354	+0.190%	$14.0M	$73.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.533%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5351	+0.168%	$17K	$78K	7x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5320	−0.033%	$9K	$2K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5304	−0.139%	$2.8M	$14.4M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5303	−0.144%	$615K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5318	−0.046%	$16K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5319	−0.040%	$478K	$51K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5318	−0.042%	$987K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5324	−0.005%	$38.9M	$83.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5303	−0.142%	$605K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5325	−0.003%	$534.6M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5323	−0.013%	$355.7M	$909.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5328	+0.020%	$124.4M	$849.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5434	+0.711%	$567K	$40K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5325	long leg	$166K	$705K	20x
Bulk XRP-USD	+0.0100%	1h	1.5425	+0.650%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5325	0.000%	$382.5M	$156.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5321	−0.026%	$303.0M	$897.6M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5319	−0.038%	$107.9M	$180.4M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5322	−0.020%	$270.6M	$362.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5323	−0.013%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5429	+0.682%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5432	+0.699%	$672K	$113.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5452	+0.831%	$1.1M	$32.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5438	+0.737%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5335	+0.066%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5323	−0.013%	$52K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5326	+0.007%	$41K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5324	−0.007%	$69K	$633K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5354	+0.188%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5353	+0.183%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5344	+0.123%	$50.1M	$14.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5353	+0.183%	$54.6M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5309	−0.105%	$2.1M	$5.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5371	+0.300%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5353	+0.183%	$5.4M	$46.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0126%	1h	1.5346	+0.137%	$2.0M	$1.3M	25x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0145% / S −0.0113%	1h	1.5348	+0.147%	$822K	—	200x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5371	+0.300%	$1.7M	$32.9M	2.9x	as long as short
Hyperliquid XRP	+0.0170%	1h	1.5336	+0.072%	$294.3M	$268.0M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5343	+0.117%	$23.8M	$79.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5317	−0.055%	$1.4M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5327	+0.011%	$512K	$795K	10x	as long as short
Aftermath Perps XRPUSD	+0.0499%	1h	1.5423	+0.642%	$3K	$15K	10x	as long as short