Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0144%/8h= −15.7% APRpaid last 24h −0.016%

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

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now +0.005%, 7d avg +0.005%

Together, before fees−0.021%−$2 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: −$4 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	1.5331	0.0244	pay 0.0030% / 1h	51m 13s	$14.6M	$70.6M	50x
Short	KuCoin XRPUSDTM	1.5332	0.0100	get 0.0100% / 8h	7h 51m	$108.8M	$167.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$30.16
Price spread: +0.005% → +0.005%: $0.03
Slippage, 4 orders: −$17.4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$69.53
Costs to cover: 0.394%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; KuCoin: live order book, 8 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	0.32 bp	8.3 bp −$8	11.8 bp −$118	16.7 bp −$1,671	33.0 bp −$16.5K
Sell KuCoin live order book, 8 min ago	1.01 bp	12.5 bp −$13	14.8 bp −$148	36.4 bp −$3,640	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	1.5357	+0.171%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5333	+0.012%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5334	+0.021%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0009% / S +0.0087%	1h	1.5334	+0.018%	$841K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5334	+0.021%	$9.3M	$25.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.495%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5333	+0.014%	$75K	$910K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5336	+0.033%	$2.9M	$13.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5332	+0.008%	$512K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5332	+0.008%	$8K	$8K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5330	−0.005%	$12K	$272K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5334	+0.022%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5340	+0.063%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5334	+0.021%	$38.8M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5341	+0.066%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5330	−0.004%	$539.1M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5326	−0.031%	$339.5M	$930.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5327	−0.025%	$125.3M	$880.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.071%	$572K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5334	+0.021%	$116K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	+0.040%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5334	+0.021%	$374.3M	$148.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5328	−0.018%	$298.8M	$893.4M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5332	+0.005%	$108.8M	$167.4M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5325	−0.038%	$268.6M	$376.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5319	−0.077%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5329	−0.011%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5392	+0.397%	$668K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5387	+0.366%	$1.1M	$39.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5397	+0.432%	$1.0M	$906K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5338	+0.047%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5334	+0.021%	$48K	$459K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5336	+0.034%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5335	+0.027%	$826K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5341	+0.064%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5333	+0.014%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5328	−0.020%	$50.3M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5332	+0.008%	$54.5M	$29.8M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5329	−0.010%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5332	+0.007%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5332	+0.010%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5330	−0.005%	$23.9M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5343	+0.079%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0244%	1h	1.5331	long leg	$14.6M	$70.6M	50x
Backpack XRP_USDC_PERP	+0.0256%	1h	1.5330	−0.005%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5393	+0.403%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5346	+0.099%	$2.0M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0462%	1h	1.5345	+0.092%	$291.0M	$215.5M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5400	+0.451%	$69K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0783%	1h	1.5364	+0.219%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5335	+0.026%	$507K	$755K	10x	as long as short