Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h −0.017%

Price spread now: OKX against Kraken Futures−0.054%7-day average −0.013% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.054%, 7d avg −0.013%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.041% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of −0.013%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.062%, 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	1.5095	0.0040	pay 0.0005% / 1h	40m 57s	$14.5M	$72.4M	50x
Short	OKX XRP-USDT-SWAP	1.5087	0.0100	get 0.0100% / 8h	6h 40m	$123.6M	$868.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.054%Rate

Funding earned: $12.63
Price spread: −0.054% → −0.013%: −$4.1
Slippage, 4 orders: −$12.62
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.1
Costs to cover: 0.326%
Break-even: 20.4 days

Slippage from Kraken Futures: live order book, 3 min ago; OKX: 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	2.64 bp	11.1 bp −$11	13.4 bp −$134	20.8 bp −$2,082	62.2 bp −$31.1K
Sell OKX live order book, 3 min ago	0.33 bp	5.3 bp −$5	6.4 bp −$64	15.4 bp −$1,536	31.6 bp −$15.8K

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	1.5120	+0.165%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5088	−0.050%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5110	+0.099%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5094	−0.007%	$252K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0023% / S +0.0064%	1h	1.5095	+0.002%	$828K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.080%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0040%	1h	1.5095	long leg	$14.5M	$72.4M	50x
Orderly PERP_XRP_USDC	+0.0069%	8h	1.5099	+0.026%	$57K	$945K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5095	−0.001%	$7.7M	$25.1M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5097	+0.016%	$2.8M	$14.1M	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	1.5100	+0.033%	$516K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5098	+0.019%	$10K	$306K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5100	+0.036%	$877K	$5.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5095	−0.004%	$38.4M	$84.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5095	+0.002%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5075	−0.131%	$533.7M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5071	−0.160%	$335.9M	$941.0M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5087	−0.054%	$123.6M	$868.7M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5121	+0.172%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5110	+0.099%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.581%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5074	−0.140%	$366.6M	$150.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5084	−0.073%	$289.5M	$901.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5082	−0.087%	$107.1M	$171.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5083	−0.080%	$264.5M	$385.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5068	−0.179%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5098	+0.020%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5152	+0.380%	$658K	$108.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5150	+0.363%	$1.1M	$38.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	+0.450%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5108	+0.086%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5105	+0.066%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5102	+0.046%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5099	+0.026%	$813K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5108	+0.085%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5100	+0.033%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5092	−0.019%	$49.5M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5098	+0.019%	$53.6M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5099	+0.023%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5082	−0.088%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5093	−0.015%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5108	+0.086%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0177%	1h	1.5107	+0.079%	$279.7M	$223.9M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5100	+0.035%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5103	+0.052%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.649%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5104	+0.057%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0334%	1h	1.5104	+0.059%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0339%	8h	1.5116	+0.139%	$2.1M	$36.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5110	+0.098%	$535K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0803%	1h	1.5145	+0.328%	$2K	$14K	10x	as long as short