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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%
Price spread now: KuCoin against gTrade (Gains Network)+0.041%180s7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2892.888% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.082%+$8 on $10k
Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.041%, 7d avg +0.017%
Together, before fees+0.009%+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.024% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.017%. The two prices were read 180 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XRP/USD1.5158L +0.0003% / S −0.0004%pay 0.0000% / 1h28m 25s$245K150x
ShortKuCoin XRPUSDTM1.51650.0100get 0.0100% / 8h1h 28m$107.7M$181.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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
$20.3
Price spread: +0.041% → +0.017%
$2.4
Slippage, 4 orders
−$266.82
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$266.12
Costs to cover
2.888%
Break-even
98.8 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 16 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 16 min ago130.02 bp135.0 bp −$135208.0 bp −$2,0801906.1 bp −$190.6K9819.7 bp −$4.91M
Sell KuCoin live order book, 11 min ago0.69 bp9.2 bp −$914.2 bp −$14244.4 bp −$4,444doesn'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%1h1.5166+0.049%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5159+0.005%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5170+0.076%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDlongL +0.0003% / S −0.0004%1h1.5158long leg$245K150x
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5162+0.023%$7.7M$24.8M50xas long as short
Kraken Futures PF_XRPUSD+0.0025%1h1.5161+0.016%$14.4M$74.9M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.649%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0084% / S −0.0033%1h1.5161+0.014%$800K200xas long as short
Lighter XRP+0.0096%1h1.5168+0.066%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5170+0.076%$545K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0099%8h1.5161+0.016%$10K$372K20xas long as short
Nado XRP-PERP+0.0100%1h1.5162+0.026%$978K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5172+0.086%$38.5M$87.7M100xas long as short
Pacifica XRP+0.0100%1h1.5167+0.056%$617K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5174+0.102%$531.9M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5170+0.076%$346.1M$961.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5171+0.082%$127.3M$882.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5147−0.076%$564K$32K5xas long as short
Arcus XRP-USD+0.0100%1h1.5170+0.076%$143K$714K20xas long as short
Gate XRP_USDT+0.0100%8h1.5173+0.096%$376.6M$160.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5168+0.063%$302.8M$924.4M300xas long as short
KuCoin XRPUSDTMshort+0.0100%8h1.5165+0.041%$107.7M$181.9M75x
Bitget XRPUSDT+0.0100%8h1.5164+0.036%$267.5M$396.6M125xas long as short
BingX XRP-USDT+0.0100%8h1.5174+0.102%$105.5Mas long as short
Variational Omni XRP+0.0100%8h1.5158−0.004%$4.7M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5157−0.012%$658K$113.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5162+0.023%$1.1M$36.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5164+0.036%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5170+0.074%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5168+0.063%$47K$489K20xas long as short
Bullet XRP-USD+0.0100%1h1.5174+0.101%$41K$71K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5173+0.096%$65K$774K50xas long as short
Derive XRP-PERP+0.0100%1h1.5148−0.067%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5176+0.116%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5162+0.023%$29K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5164+0.039%$49.5M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5163+0.030%$54.3M$32.4M50xas long as short
Bulk XRP-USD+0.0100%1h1.5157−0.010%$1.6M$5K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5171+0.081%$473K$54K50xas long as short
Extended XRP-USD+0.0104%1h1.5168+0.062%$2.1M$6.9M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5169+0.069%$8K$2K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5172+0.090%$58K$25K3xas long as short
Hibachi XRP/USDT-P+0.0144%1h1.5161+0.015%$17K$79K7xas long as short
Backpack XRP_USDC_PERP+0.0175%1h1.5169+0.069%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5163+0.030%$5.7M$48.1M50xas long as short
Hyperliquid XRP+0.0188%1h1.5179+0.135%$288.7M$264.8M20xas long as short
Kalshi KXXRPPERP+0.0208%8h1.5175+0.109%$1.8M$35.2M2.9xas long as short
Reya XRPRUSDPERP+0.0219%1h1.5156−0.014%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5164+0.036%$23.6M$77.8M125xas long as short
RISEx XRP/USDC+0.0316%1h1.5169+0.071%$529K$800K10xas long as short
Aftermath Perps XRPUSD+0.0604%1h1.5167+0.053%$2K$16K10xas long as short