Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.023%

Price spread now: KuCoin against Coinbase International−0.107%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 3 days (all we have)+0.200%+$20 · spread now −0.107%, 7d avg −0.016%

Together, before fees+0.136%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.090% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5570	0.0216	pay 0.0027% / 1h	15m 57s	$5.8M	$47.3M	50x
Short	KuCoin XRPUSDTM	1.5553	0.0100	get 0.0100% / 8h	1h 15m	$113.9M	$159.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$24.36
Price spread: −0.107% → −0.016%: −$9.02
Slippage, 4 orders: −$10.51
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$65.89
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; KuCoin: live order book, 3 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 Coinbase International live order book, 3 min ago	0.64 bp	8.1 bp −$8	9.7 bp −$97	26.4 bp −$2,640	doesn't fit
Sell KuCoin live order book, 3 min ago	0.03 bp	7.1 bp −$7	10.2 bp −$102	30.5 bp −$3,049	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5570	0.000%	$7K	$2K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L −0.0003% / S +0.0117%	1h	1.5574	+0.024%	$852K	—	200x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5574	+0.028%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5569	−0.006%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5574	+0.022%	$261K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	−0.064%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5561	−0.060%	$15.5M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5573	+0.019%	$78K	$949K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5564	−0.036%	$3.0M	$12.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5561	−0.058%	$441K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5587	+0.112%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5562	−0.050%	$39.5M	$78.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5582	+0.078%	$641K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5554	−0.103%	$559.6M	$1.98B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5553	−0.109%	$346.1M	$900.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5553	−0.109%	$127.5M	$881.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5554	−0.103%	$579K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5593	+0.148%	$119K	$744K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5567	−0.021%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5558	−0.077%	$374.0M	$140.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5554	−0.103%	$298.7M	$860.3M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5553	−0.107%	$113.9M	$159.8M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5555	−0.096%	$271.7M	$364.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5555	−0.096%	—	$118.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5549	−0.138%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5567	−0.020%	$676K	$102.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5549	−0.133%	$1.1M	$41.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5555	−0.096%	$1.0M	$883K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5577	+0.048%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5587	+0.109%	$47K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5576	+0.039%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5576	+0.038%	$838K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5573	+0.017%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5566	−0.026%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5582	+0.078%	$51.2M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5563	−0.045%	$55.4M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5579	+0.058%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5584	+0.090%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5550	−0.127%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5573	+0.021%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5594	+0.154%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5581	+0.068%	$1.4M	$9K	15x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5558	−0.077%	$18K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0216%	1h	1.5570	long leg	$5.8M	$47.3M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5567	−0.019%	$24.5M	$73.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0294%	1h	1.5563	−0.045%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0325%	8h	1.5592	+0.141%	$1.9M	$33.1M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5550	−0.128%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5602	+0.203%	$511K	$630K	10x	as long as short
Hyperliquid XRP	+0.0593%	1h	1.5576	+0.038%	$291.2M	$204.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0755%	1h	1.5570	0.000%	$1K	$11K	10x	as long as short