Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.012%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days−0.015%−$2 · spread now +0.012%, 7d avg −0.010%

Together, before fees+0.008%+$1 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: Bybit is 0.022% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5553	0.0100	pay 0.0100% / 8h	43m 02s	$113.2M	$163.3M	75x
Short	Bybit XRPUSDT	1.5555	0.0100	get 0.0100% / 8h	43m 02s	$347.2M	$915.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.010%: $2.23
Slippage, 4 orders: −$6.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$27.58
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bybit: live order book, 1 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, 6 min ago	0.03 bp	10.2 bp −$10	14.1 bp −$141	32.1 bp −$3,213	doesn't fit
Sell Bybit live order book, 1 min ago	0.32 bp	6.3 bp −$6	7.5 bp −$75	12.5 bp −$1,252	20.1 bp −$10.1K

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	1.5566	+0.083%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5568	+0.096%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5620	+0.430%	$70K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5553	−0.001%	$9.7M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5558	+0.033%	$260K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0104%	1h	1.5557	+0.028%	$856K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5553	−0.002%	$15.6M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0057%	8h	1.5555	+0.012%	$76K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+0.044%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5558	+0.031%	$3.0M	$12.6M	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	1.5559	+0.038%	$443K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5562	+0.060%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5556	+0.016%	$39.5M	$80.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5568	+0.096%	$641K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5554	+0.008%	$557.1M	$2.02B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5555	+0.012%	$347.2M	$915.5M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5556	+0.019%	$127.1M	$889.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5568	+0.096%	$579K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5568	+0.096%	$117K	$753K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.515%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5555	+0.012%	$374.4M	$144.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5558	+0.032%	$299.0M	$870.1M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5553	long leg	$113.2M	$163.3M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5556	+0.019%	$272.0M	$370.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5553	−0.001%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5624	+0.453%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5600	+0.304%	$677K	$103.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5583	+0.190%	$1.1M	$40.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5597	+0.282%	$1.0M	$899K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5564	+0.070%	$48K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5560	+0.043%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5557	+0.022%	$837K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5560	+0.048%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5551	−0.014%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5554	+0.005%	$51.1M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5554	+0.006%	$55.3M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5562	+0.057%	$485K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5566	+0.082%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5571	+0.115%	$13K	$267K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5553	−0.003%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5554	+0.003%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5569	+0.102%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5561	+0.049%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5553	−0.001%	$24.5M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5562	+0.057%	$5.9M	$47.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5587	+0.217%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0316%	8h	1.5570	+0.109%	$2.0M	$33.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0361%	1h	1.5564	+0.070%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0621%	1h	1.5576	+0.147%	$296.5M	$209.1M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5576	+0.146%	$508K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0816%	1h	1.5597	+0.283%	$1K	$11K	10x	as long as short