Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX+0.029%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.029% dearer against BingX than usual: you sell high and buy low, +$3 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	BingX XRP-USDT	1.5235	0.0100	pay 0.0100% / 8h	7h 47m	—	$108.3M	—
Short	KuCoin XRPUSDTM	1.5239	0.0100	get 0.0100% / 8h	7h 47m	$106.8M	$183.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.029%Rate

Funding earned: $0
Price spread: +0.029% → 0.000%: $2.89
Slippage, 4 orders: −$8.58
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$27.69
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 11 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 BingX live order book, 6 min ago	0.66 bp	5.7 bp −$6	6.0 bp −$60	8.2 bp −$822	14.6 bp −$7,325
Sell KuCoin live order book, 11 min ago	0.86 bp	11.0 bp −$11	28.1 bp −$281	doesn't fit	doesn't fit

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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5238	+0.021%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5218	−0.112%	$5K	$3K	20x	as long as short
Phemex XRPUSDT	−0.0061%	8h	1.5236	+0.007%	$54.4M	$32.6M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5227	−0.051%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5240	+0.033%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5236	+0.008%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5239	+0.026%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.133%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5224	−0.071%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5236	+0.005%	$2.8M	$14.5M	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	1.5240	+0.033%	$608K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5230	−0.033%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5227	−0.049%	$997K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5234	−0.007%	$38.6M	$85.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5230	−0.033%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5235	−0.003%	$531.0M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5230	−0.033%	$352.5M	$946.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5231	−0.026%	$127.2M	$860.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5207	−0.184%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5240	+0.033%	$144K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5227	−0.049%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5233	−0.013%	$379.8M	$151.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5236	+0.007%	$314.6M	$912.7M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5239	+0.029%	$106.8M	$183.8M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5231	−0.026%	$270.1M	$384.9M	125x	as long as short
BingX XRP-USDTlong	+0.0100%	8h	1.5235	long leg	—	$108.3M	—
Variational Omni XRP	+0.0100%	8h	1.5226	−0.059%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5214	−0.136%	$661K	$112.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5218	−0.112%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5223	−0.079%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5237	+0.015%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5238	+0.020%	$52K	$513K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5238	+0.020%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5239	+0.026%	$78K	$667K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5225	−0.065%	$819K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5233	−0.011%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5234	−0.007%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5227	−0.051%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5233	−0.013%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5234	−0.009%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5236	+0.005%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0114% / S −0.0078%	1h	1.5236	+0.004%	$790K	—	200x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5241	+0.039%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5242	+0.046%	$5.6M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5236	+0.007%	$1.7M	$33.5M	2.9x	as long as short
Hyperliquid XRP	+0.0201%	1h	1.5245	+0.066%	$291.2M	$267.7M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5222	−0.085%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5231	−0.024%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0271%	1h	1.5244	+0.059%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5239	+0.026%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0527%	1h	1.5217	−0.119%	$3K	$16K	10x	as long as short