Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against KuCoin−0.185%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.185%, 7d avg −0.011%

Together, before fees+0.186%+$19 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: Arcus is 0.173% cheaper against KuCoin than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5384	0.0100	pay 0.0100% / 8h	6h 55m	$109.3M	$180.4M	75x
Short	Arcus XRP-USD	1.5356	0.0100	get 0.0013% / 1h	55m 34s	$166K	$705K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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 KuCoinbpFee ArcusbpOrdersPrice spread, now −0.185%Rate

Funding earned: $0
Price spread: −0.185% → −0.011%: −$17.32
Slippage, 4 orders: −$10.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$44.72
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Arcus: live order book, 38 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 KuCoin live order book, 4 min ago	0.03 bp	7.8 bp −$8	12.6 bp −$126	39.3 bp −$3,930	doesn't fit
Sell Arcus live order book, 38 min ago	0.66 bp	5.6 bp −$6	9.4 bp −$94	29.6 bp −$2,963	doesn't fit

XRP on 50 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	1.5396	+0.075%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5378	−0.043%	$1.1M	$155K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	+0.296%	$69K	$109K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5432	+0.309%	$8.0M	$22.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5479	+0.612%	$251K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0015%	1h	1.5425	+0.267%	$14.1M	$73.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.141%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5439	+0.355%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5387	+0.018%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5384	−0.003%	$619K	$3.1M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5348	−0.237%	$17K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5373	−0.077%	$479K	$51K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5354	−0.194%	$989K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5343	−0.268%	$39.0M	$83.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5379	−0.036%	$608K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5344	−0.263%	$535.3M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5345	−0.256%	$356.5M	$907.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5344	−0.263%	$125.7M	$848.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5434	+0.322%	$567K	$40K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5356	−0.185%	$166K	$705K	20x
Bulk XRP-USD	+0.0100%	1h	1.5425	+0.261%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5363	−0.139%	$384.0M	$155.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5372	−0.081%	$306.2M	$896.6M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5384	long leg	$109.3M	$180.4M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5346	−0.250%	$272.2M	$361.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5359	−0.165%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5429	+0.293%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5432	+0.310%	$672K	$113.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5452	+0.442%	$1.1M	$32.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5438	+0.348%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5374	−0.069%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5346	−0.250%	$52K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5440	+0.360%	$42K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5437	+0.342%	$78K	$623K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5430	+0.294%	$130K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5426	+0.270%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5426	+0.270%	$50.3M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5423	+0.251%	$54.8M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5357	−0.179%	$2.1M	$5.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5441	+0.366%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5347	−0.243%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5427	+0.277%	$5.3M	$45.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0145% / S −0.0112%	1h	1.5436	+0.332%	$827K	—	200x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5451	+0.433%	$1.7M	$32.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0190%	1h	1.5428	+0.283%	$2.0M	$1.3M	25x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5360	−0.159%	$295.7M	$267.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5443	+0.381%	$23.8M	$79.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5347	−0.240%	$1.4M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5442	+0.377%	$516K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0488%	1h	1.5458	+0.479%	$3K	$15K	10x	as long as short