Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against HTX−0.114%51s7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.357% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 3 days (all we have)+0.244%+$24 · spread now −0.114%, 7d avg +0.054%

Together, before fees+0.144%+$14 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 0.169% cheaper against HTX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.054%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5400	0.0100	pay 0.0100% / 8h	26m 33s	$50.5M	$15.5M	75x
Short	KuCoin XRPUSDTM	1.5383	0.0100	get 0.0100% / 8h	26m 33s	$111.7M	$164.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → +0.054%: −$16.87
Slippage, 4 orders: −$11.67
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$52.54
Costs to cover: 0.357%
Break-even: never at this rate

Slippage from HTX: 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 HTX live order book, 3 min ago	0.03 bp	9.2 bp −$9	12.7 bp −$127	35.8 bp −$3,583	doesn't fit
Sell KuCoin live order book, 3 min ago	0.03 bp	7.6 bp −$8	11.1 bp −$111	32.5 bp −$3,250	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	1.5388	−0.080%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5384	−0.105%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5420	+0.128%	$69K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5378	−0.143%	$266K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0005% / S +0.0098%	1h	1.5405	+0.029%	$833K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5410	+0.063%	$9.5M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5406	+0.038%	$15.1M	$69.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0058%	8h	1.5409	+0.056%	$76K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.037%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5388	−0.082%	$3.0M	$12.7M	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	1.5404	+0.024%	$439K	$3.2M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5382	−0.121%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5384	−0.106%	$39.2M	$81.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5388	−0.080%	$633K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5384	−0.106%	$547.8M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5383	−0.112%	$342.4M	$922.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5384	−0.106%	$125.5M	$880.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5382	−0.119%	$573K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5390	−0.067%	$116K	$757K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5410	+0.063%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5386	−0.093%	$361.6M	$147.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5382	−0.119%	$294.9M	$883.3M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5383	−0.114%	$111.7M	$164.7M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5381	−0.125%	$268.6M	$373.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5385	−0.099%	—	$121.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5433	+0.211%	$11.5M	$30.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5405	+0.029%	$669K	$104.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5414	+0.091%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5406	+0.037%	$1.0M	$900K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5385	−0.099%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5381	−0.124%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5411	+0.072%	$830K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5410	+0.065%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5408	+0.050%	$32K	$1.8M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5400	long leg	$50.5M	$15.5M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5412	+0.076%	$54.8M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5384	−0.109%	$480K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5389	−0.076%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5386	−0.093%	$11K	$268K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5381	−0.127%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5408	+0.051%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5387	−0.086%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5381	−0.127%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5416	+0.102%	$24.4M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5417	+0.108%	$5.8M	$47.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5406	+0.040%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0267%	1h	1.5414	+0.089%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0305%	8h	1.5414	+0.089%	$2.0M	$34.3M	2.9x	as long as short
Hyperliquid XRP	+0.0586%	1h	1.5401	+0.005%	$292.9M	$212.3M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5397	−0.023%	$500K	$635K	10x	as long as short
Aftermath Perps XRPUSD	+0.0786%	1h	1.5427	+0.174%	$1K	$11K	10x	as long as short