Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bulk against KuCoin+0.326%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs+$11as in the Price arb table
costs, in and out, $10k−$210.212% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.008%+$1 on $10k
Price spread, last 7 days−0.328%−$33 · spread now +0.326%, 7d avg +0.005%
Together, before fees−0.320%−$32 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: Bulk is 0.320% dearer against KuCoin than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XRPUSDTM1.51400.0100pay 0.0100% / 8h6h 19m$107.1M$171.4M75x
ShortBulk XRP-USD1.51900.0100get 0.0013% / 1h19m 52s$1.6M$330K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bulk 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

Funding earned
$0
Price spread: +0.326% → +0.005%
$32.05
Slippage, 4 orders
−$2.17
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$10.87
Costs to cover
0.212%
Break-even
from the start
Slippage from KuCoin: live order book, 4 min ago; Bulk: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago0.03 bp7.0 bp −$710.5 bp −$10527.4 bp −$2,738doesn't fit
Sell Bulk live order book, 4 min ago0.33 bp3.8 bp −$45.9 bp −$5914.7 bp −$1,47331.5 bp −$15.7K

XRP on 50 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5153+0.085%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5135−0.037%$1.1M$120K10xas long as short
Phoenix XRP0.0000%1h1.5210+0.461%$68K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5129−0.074%$253K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5133−0.048%$7.6M$25.3M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0021% / S +0.0058%1h1.5129−0.074%$800K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.773%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5129−0.072%$14.5M$72.7M50xas long as short
Orderly PERP_XRP_USDC+0.0072%8h1.5133−0.048%$62K$953K50xas long as short
Lighter XRP+0.0096%1h1.5138−0.014%$2.8M$14.3M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5139−0.008%$511K$3.3M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5128−0.081%$10K$307K20xas long as short
Nado XRP-PERP+0.0100%1h1.5138−0.011%$935K$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5146+0.038%$38.5M$84.2M100xas long as short
Pacifica XRP+0.0100%1h1.5136−0.030%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5138−0.012%$537.0M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5138−0.015%$340.9M$940.4M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5138−0.015%$124.1M$871.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5173+0.217%$564K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5137−0.021%$115K$700K20xas long as short
Bulk XRP-USDshort+0.0100%1h1.5190+0.326%$1.6M$330K20x
Gate XRP_USDT+0.0100%8h1.5136−0.028%$368.2M$152.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5145+0.032%$289.5M$914.4M300xas long as short
KuCoin XRPUSDTMlong+0.0100%8h1.5140long leg$107.1M$171.4M75x
Bitget XRPUSDT+0.0100%8h1.5135−0.034%$266.5M$384.4M125xas long as short
BingX XRP-USDT+0.0100%8h1.5139−0.008%$126.8Mas long as short
Variational Omni XRP+0.0100%8h1.5151+0.069%$6.2M$35.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5169+0.187%$659K$109.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5186+0.302%$1.1M$37.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5174+0.223%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5139−0.008%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5133−0.048%$44K$445K20xas long as short
Bullet XRP-USD+0.0100%1h1.5133−0.050%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5136−0.029%$814K$75K10xas long as short
SunX XRP-USDT+0.0100%8h1.5138−0.015%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5132−0.054%$30K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5135−0.037%$49.6M$15.3M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5136−0.028%$53.8M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5134−0.038%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5142+0.015%$2.0M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5130−0.071%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0128%1h1.5136−0.028%$8K$8K10xas long as short
Hyperliquid XRP+0.0197%1h1.5145+0.032%$280.3M$221.9M20xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5130−0.067%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5136−0.028%$5.7M$46.6M50xas long as short
Hibachi XRP/USDT-P+0.0320%1h1.5154+0.090%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0344%1h1.5149+0.058%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0362%8h1.5141+0.005%$2.1M$35.7M2.9xas long as short
RISEx XRP/USDC+0.0456%1h1.5137−0.019%$530K$786K10xas long as short
Aftermath Perps XRPUSD+0.0748%1h1.5161+0.137%$2K$14K10xas long as short