Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Bulk+0.466%7-day average −0.006% · you sell dearer than you buy

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−$280.275% of the position

Long on Bulk 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 7 days−0.445%−$45 · spread now +0.466%, 7d avg −0.006%

Together, before fees−0.452%−$45 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 0.472% dearer against Bulk than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5432	0.0100	pay 0.0013% / 1h	2m 10s	$1.6M	$13K	20x
Short	KuCoin XRPUSDTM	1.5504	0.0100	get 0.0100% / 8h	7h 02m	$110.0M	$180.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bulk. 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 BulkbpFee KuCoinbpOrdersPrice spread, now +0.466%Rate

Funding earned: $0
Price spread: +0.466% → −0.006%: $47.18
Slippage, 4 orders: −$8.52
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $19.66
Costs to cover: 0.275%
Break-even: from the start

Slippage from Bulk: live order book, 2 min ago; KuCoin: live order book, 7 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 Bulk live order book, 2 min ago	0.64 bp	4.1 bp −$4	4.5 bp −$45	10.9 bp −$1,091	25.4 bp −$12.7K
Sell KuCoin live order book, 7 min ago	0.03 bp	9.9 bp −$10	18.4 bp −$184	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
Kraken Futures PF_XRPUSD	−0.0168%	1h	1.5502	+0.449%	$14.2M	$73.6M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5524	+0.595%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5490	+0.374%	$70K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5504	+0.465%	$8.0M	$22.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5500	+0.438%	$252K	—	150x	as long as short
dYdX XRP-USD	+0.0005%	1h	1.5513	+0.520%	$1.1M	$155K	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.828%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0056%	1h	1.5535	+0.669%	$18K	$78K	7x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5502	+0.452%	$9K	$2K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5499	+0.432%	$2.8M	$14.8M	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	1.5505	+0.472%	$628K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5508	+0.491%	$20K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5518	+0.557%	$484K	$52K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5505	+0.475%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5499	+0.432%	$39.2M	$82.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5516	+0.540%	$628K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5496	+0.411%	$541.7M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5503	+0.459%	$359.9M	$908.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5499	+0.433%	$126.1M	$850.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5449	+0.109%	$567K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5516	+0.543%	$162K	$698K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5432	long leg	$1.6M	$13K	20x
Gate XRP_USDT	+0.0100%	8h	1.5506	+0.478%	$389.4M	$160.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5498	+0.426%	$313.2M	$943.6M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5504	+0.466%	$110.0M	$180.2M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5501	+0.446%	$274.7M	$361.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5498	+0.426%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5506	+0.478%	$4.9M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5483	+0.329%	$674K	$113.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5525	+0.602%	$1.1M	$32.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5485	+0.342%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5513	+0.521%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5507	+0.485%	$53K	$502K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5507	+0.484%	$42K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5503	+0.459%	$78K	$623K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5503	+0.461%	$130K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5498	+0.426%	$31K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5492	+0.385%	$50.6M	$14.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5497	+0.420%	$55.1M	$33.2M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5494	+0.403%	$2.1M	$5.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5500	+0.439%	$60K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0143% / S −0.0109%	1h	1.5498	+0.424%	$831K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5502	+0.452%	$5.3M	$46.4M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5517	+0.549%	$1.8M	$33.0M	2.9x	as long as short
Hyperliquid XRP	+0.0195%	1h	1.5520	+0.569%	$299.6M	$265.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5528	+0.621%	$23.9M	$79.2M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5495	+0.407%	$1.4M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0240%	1h	1.5535	+0.666%	$2.0M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5535	+0.664%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0478%	1h	1.5471	+0.248%	$3K	$15K	10x	as long as short