Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0171%/8h= +18.7% APRpaid last 24h −0.022%

Price spread now: Binance against Kraken Futures+0.057%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now +0.057%, 7d avg −0.005%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.061% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.112%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5137	−0.0071	get 0.0009% / 1h	41m 50s	$14.3M	$73.7M	50x
Short	Binance XRPUSDT	1.5146	0.0100	get 0.0100% / 8h	4h 41m	$533.3M	$2.11B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.057%Rate

Funding earned: $35.87
Price spread: +0.057% → −0.005%: $6.15
Slippage, 4 orders: −$12.99
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $9.02
Costs to cover: 0.330%
Break-even: 5.2 days

Slippage from Kraken Futures: live order book, 2 min ago; Binance: live order book, 2 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 Kraken Futures live order book, 2 min ago	1.32 bp	10.0 bp −$10	12.2 bp −$122	19.9 bp −$1,992	38.5 bp −$19.2K
Sell Binance live order book, 2 min ago	0.33 bp	5.9 bp −$6	7.0 bp −$70	12.2 bp −$1,224	26.6 bp −$13.3K

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	1.5145	+0.050%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSDlong	−0.0071%	1h	1.5137	long leg	$14.3M	$73.7M	50x
dYdX XRP-USD	0.0000%	1h	1.5150	+0.080%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	+0.017%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5142	+0.030%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5145	+0.050%	$7.7M	$25.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.792%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0039% / S +0.0031%	1h	1.5141	+0.025%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5145	+0.050%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0079%	8h	1.5143	+0.037%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5142	+0.031%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5143	+0.037%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5135	−0.016%	$10K	$321K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5137	+0.001%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5152	+0.096%	$281.3M	$225.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5145	+0.049%	$38.3M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5149	+0.077%	$608K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5146	+0.057%	$533.3M	$2.11B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5145	+0.050%	$344.7M	$931.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5149	+0.077%	$125.8M	$874.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5133	−0.029%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5106	−0.207%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	+0.055%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5141	+0.024%	$369.6M	$153.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5146	+0.057%	$289.5M	$896.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5140	+0.018%	$107.9M	$173.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5145	+0.050%	$267.9M	$383.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5144	+0.044%	—	$126.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5129	−0.057%	$5.4M	$37.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.163%	$656K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	+0.004%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5142	+0.030%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5143	+0.037%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5147	+0.063%	$43K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5143	+0.035%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5142	+0.033%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5150	+0.080%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5139	+0.011%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5136	−0.009%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5139	+0.011%	$54.0M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5146	+0.058%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5142	+0.027%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5142	+0.029%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0160%	1h	1.5150	+0.083%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0167%	1h	1.5150	+0.083%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5154	+0.110%	$5.6M	$47.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5142	+0.031%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5138	+0.004%	$24.1M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5149	+0.077%	$2.1M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5143	+0.040%	$516K	$780K	10x	as long as short
Aftermath Perps XRPUSD	+0.0668%	1h	1.5151	+0.089%	$2K	$15K	10x	as long as short