Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.026%

Price spread now: Deribit against KuCoin+0.068%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 3 days (all we have)−0.085%−$8 · spread now +0.068%, 7d avg +0.014%

Together, before fees+0.055%+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.054% dearer against KuCoin than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.014%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.140%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5149	0.0100	pay 0.0100% / 8h	6h 45m	$108.2M	$171.3M	75x
Short	Deribit XRP_USDC-PERPETUAL	1.5159	0.0080	get 0.0010% / 1h	45m 53s	$9.0M	$25.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$4.2
Price spread: +0.068% → +0.014%: $5.39
Slippage, 4 orders: −$7.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$25.58
Costs to cover: 0.268%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Deribit: 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 KuCoin live order book, 8 min ago	1.02 bp	7.1 bp −$7	11.4 bp −$114	35.5 bp −$3,548	doesn't fit
Sell Deribit live order book, 3 min ago	1.64 bp	5.1 bp −$5	7.1 bp −$71	44.3 bp −$4,429	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	1.5179	+0.200%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5163	+0.092%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	+0.273%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5151	+0.017%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0065%	1h	1.5151	+0.012%	$831K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.715%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5151	+0.015%	$14.7M	$72.3M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0068%	8h	1.5157	+0.055%	$57K	$945K	50x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0080%	1h	1.5159	+0.068%	$9.0M	$25.0M	50x
Lighter XRP	+0.0096%	1h	1.5152	+0.022%	$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	1.5158	+0.061%	$518K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5160	+0.075%	$11K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5159	+0.071%	$864K	$5.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5149	+0.002%	$38.4M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5161	+0.081%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5151	+0.012%	$535.6M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5150	+0.009%	$336.9M	$937.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5151	+0.015%	$123.2M	$870.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	+0.154%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5162	+0.088%	$115K	$722K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.225%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5148	−0.005%	$367.3M	$149.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5150	+0.009%	$291.5M	$898.5M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5149	long leg	$108.2M	$171.3M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5147	−0.011%	$264.7M	$383.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5145	−0.024%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5155	+0.043%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5188	+0.260%	$660K	$108.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5207	+0.385%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5193	+0.292%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5163	+0.094%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5157	+0.055%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5156	+0.051%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5160	+0.077%	$816K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5165	+0.107%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5155	+0.042%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5153	+0.028%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5158	+0.061%	$53.8M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5169	+0.132%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5146	−0.020%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5156	+0.047%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5164	+0.101%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0180%	1h	1.5159	+0.068%	$280.4M	$223.1M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5152	+0.024%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5158	+0.061%	$5.7M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.292%	$24.0M	$75.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0333%	8h	1.5167	+0.121%	$2.1M	$36.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0336%	1h	1.5178	+0.197%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0368%	1h	1.5161	+0.081%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5166	+0.115%	$537K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0810%	1h	1.5178	+0.193%	$2K	$14K	10x	as long as short