Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment $1.20 per $10,000 · paid last 24h −0.036%
Price spread now: KuCoin against BloFin−0.094%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$360.362% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.207%−$21 on $10k
Price spread, last 4 days (all we have)+0.531%+$53 · spread now −0.094%, 7d avg 0.000%
Together, before fees+0.324%+$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.094% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XRP-USDT1.51670.0220pay 0.0220% / 8h5h 05m$24.2M$75.7M125x
ShortKuCoin XRPUSDTM1.51530.0100get 0.0100% / 8h5h 05m$108.5M$172.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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

Funding earned
−$25.2
Price spread: −0.094% → 0.000%
−$9.4
Slippage, 4 orders
−$12.21
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$70.81
Costs to cover
0.362%
Break-even
never at this rate
Slippage from BloFin: live order book, 4 min ago; KuCoin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 4 min ago3.62 bp9.6 bp −$109.7 bp −$9713.0 bp −$1,29826.9 bp −$13.5K
Sell KuCoin live order book, 4 min ago0.03 bp9.9 bp −$1012.3 bp −$12334.2 bp −$3,419doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5156−0.073%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5145−0.142%$1.1M$110K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5152−0.099%$7.7M$25.5M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5149−0.117%$253K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0031% / S +0.0036%1h1.5150−0.111%$832K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.591%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0056%1h1.5162−0.033%$8K$8K10xas long as short
Orderly PERP_XRP_USDC+0.0077%8h1.5150−0.112%$62K$935K50xas long as short
Lighter XRP+0.0096%1h1.5165−0.014%$2.8M$14.5M20xas long as short
Lighter RH XRP+0.0096%1h1.5164−0.020%$511K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5159−0.053%$10K$311K20xas long as short
Nado XRP-PERP+0.0100%1h1.5159−0.049%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5179+0.079%$281.9M$223.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5157−0.066%$38.3M$83.6M100xas long as short
Pacifica XRP+0.0100%1h1.5152−0.100%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5166−0.007%$535.5M$2.10B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5165−0.013%$345.7M$930.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5169+0.013%$125.7M$873.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5169+0.013%$565K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5160−0.046%$114K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5223+0.369%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5168+0.007%$368.9M$154.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5166−0.007%$297.8M$904.8M300xas long as short
KuCoin XRPUSDTMshort+0.0100%8h1.5153−0.094%$108.5M$172.1M75x
Bitget XRPUSDT+0.0100%8h1.5169+0.013%$269.3M$381.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5169+0.013%$126.0Mas long as short
Variational Omni XRP+0.0100%8h1.5154−0.089%$5.9M$36.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5173+0.038%$659K$107.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5183+0.105%$1.1M$35.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5189+0.145%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5160−0.047%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5161−0.040%$42K$450K20xas long as short
Bullet XRP-USD+0.0100%1h1.5159−0.053%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5151−0.103%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5157−0.066%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5154−0.086%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5153−0.092%$49.6M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.51670.000%$53.9M$30.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5152−0.099%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5145−0.147%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5149−0.118%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0175%1h1.5175+0.053%$1.9M$1.3M25xas long as short
Hibachi XRP/USDT-P+0.0200%1h1.5161−0.038%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0215%1h1.5158−0.059%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5172+0.033%$5.7M$46.8M50xas long as short
BloFin XRP-USDTlong+0.0220%8h1.5167long leg$24.2M$75.7M125x
Kraken Futures PF_XRPUSD+0.0273%1h1.5154−0.084%$14.4M$73.5M50xas long as short
Kalshi KXXRPPERP+0.0339%8h1.5162−0.033%$2.1M$34.6M2.9xas long as short
RISEx XRP/USDC+0.0484%1h1.5165−0.012%$516K$780K10xas long as short
Phoenix XRP+0.0528%1h1.5190+0.152%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0656%1h1.5186+0.126%$2K$14K10xas long as short