Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.031%

Price spread now: Coinbase International against KuCoin+0.043%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$9 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.043%, 7d avg +0.015%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.028% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5178	0.0100	pay 0.0100% / 8h	19m 18s	$106.7M	$183.6M	75x
Short	Coinbase International XRP-PERP-INTX	1.5185	0.0176	get 0.0022% / 1h	19m 18s	$5.6M	$48.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.043%Rate

Funding earned: $15.96
Price spread: +0.043% → +0.015%: $2.77
Slippage, 4 orders: −$11.89
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.16
Costs to cover: 0.339%
Break-even: 13.6 days

Slippage from KuCoin: live order book, 10 min ago; Coinbase International: live order book, 5 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, 10 min ago	0.03 bp	8.7 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	0.33 bp	7.7 bp −$8	9.7 bp −$97	26.4 bp −$2,641	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	1.5152	−0.175%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5162	−0.110%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5179	+0.005%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5186	+0.049%	$7.8M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.513%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5183	+0.029%	$14.6M	$73.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5137	−0.275%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5183	+0.029%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5185	+0.043%	$605K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5173	−0.036%	$20K	$383K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5172	−0.040%	$999K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5183	+0.029%	$38.6M	$86.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5169	−0.065%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5183	+0.031%	$529.7M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5179	+0.003%	$349.7M	$954.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5180	+0.010%	$127.2M	$867.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5139	−0.260%	$563K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5182	+0.023%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5178	−0.003%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5179	+0.003%	$376.2M	$162.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5181	+0.016%	$307.5M	$927.1M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5178	long leg	$106.7M	$183.6M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5180	+0.010%	$268.9M	$389.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5169	−0.063%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5131	−0.314%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5115	−0.417%	$657K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5140	−0.255%	$1.1M	$34.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5118	−0.399%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5175	−0.020%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5181	+0.016%	$52K	$515K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5181	+0.017%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5181	+0.016%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5138	−0.269%	$814K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5185	+0.045%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5182	+0.023%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	−0.060%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5177	−0.010%	$54.1M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5172	−0.041%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5176	−0.019%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5184	+0.036%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5182	+0.020%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0105% / S −0.0067%	1h	1.5155	−0.156%	$773K	—	200x	as long as short
Hyperliquid XRP	+0.0141%	1h	1.5192	+0.089%	$290.0M	$268.0M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0158%	1h	1.5169	−0.063%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0172%	8h	1.5168	−0.069%	$1.8M	$34.0M	2.9x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0176%	1h	1.5185	+0.043%	$5.6M	$48.1M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5175	−0.023%	$23.7M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5174	−0.032%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5179	+0.005%	$521K	$807K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5150	−0.188%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0604%	1h	1.5153	−0.171%	$2K	$16K	10x	as long as short