Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h −0.021%

Price spread now: Bitget against Kraken Futures+0.012%7-day average −0.005% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 3 days (all we have)+0.074%+$7 · spread now +0.012%, 7d avg −0.005%

Together, before fees+0.025%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5475	0.0042	pay 0.0005% / 1h	31m 20s	$15.5M	$68.5M	50x
Short	Bitget XRPUSDT	1.5477	0.0100	get 0.0100% / 8h	1h 31m	$269.9M	$360.5M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.012%Rate

Funding earned: $12.28
Price spread: +0.012% → −0.005%: $1.7
Slippage, 4 orders: −$12.2
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$20.21
Costs to cover: 0.342%
Break-even: 18.5 days

Slippage from Kraken Futures: live order book, 3 min ago; Bitget: 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 Kraken Futures live order book, 3 min ago	2.57 bp	10.1 bp −$10	13.5 bp −$135	22.1 bp −$2,212	41.1 bp −$20.5K
Sell Bitget live order book, 3 min ago	0.32 bp	6.5 bp −$6	9.5 bp −$95	22.1 bp −$2,207	42.4 bp −$21.2K

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	1.5499	+0.154%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5497	+0.143%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5477	+0.012%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5483	+0.048%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.196%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0042%	1h	1.5475	long leg	$15.5M	$68.5M	50x
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5473	−0.014%	$77K	$942K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0127%	1h	1.5482	+0.043%	$912K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5475	0.000%	$3.0M	$12.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5473	−0.014%	$438K	$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	1.5486	+0.074%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5481	+0.041%	$39.2M	$77.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5497	+0.141%	$669K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5473	−0.014%	$557.2M	$1.96B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5476	+0.006%	$346.3M	$888.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5476	+0.006%	$127.0M	$871.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5515	+0.258%	$577K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5498	+0.148%	$118K	$737K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+1.343%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5485	+0.064%	$372.9M	$139.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5488	+0.083%	$290.0M	$843.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5487	+0.078%	$113.1M	$158.0M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5477	+0.012%	$269.9M	$360.5M	125x
BingX XRP-USDT	+0.0100%	8h	1.5484	+0.057%	—	$117.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5595	+0.773%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5531	+0.363%	$674K	$101.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5554	+0.513%	$1.1M	$41.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5529	+0.348%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5490	+0.096%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5492	+0.109%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5486	+0.071%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5476	+0.004%	$833K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5482	+0.044%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5478	+0.019%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5469	−0.038%	$50.8M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5477	+0.012%	$55.1M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5491	+0.106%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5494	+0.122%	$12K	$250K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5469	−0.041%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5476	+0.007%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5498	+0.148%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5506	+0.198%	$18K	$81K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5488	+0.081%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5482	+0.045%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5470	−0.033%	$24.6M	$73.1M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0260%	1h	1.5501	+0.167%	$1.8M	$994K	25x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5493	+0.116%	$1.9M	$32.6M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5570	+0.613%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5503	+0.178%	$508K	$626K	10x	as long as short
Hyperliquid XRP	+0.0597%	1h	1.5510	+0.225%	$289.7M	$201.2M	20x	as long as short
Aftermath Perps XRPUSD	+0.0719%	1h	1.5563	+0.569%	$1K	$11K	10x	as long as short