Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against KuCoin−0.009%7-day average −0.017% · 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−$288as in the Price arb table

costs, in and out, $10k−$2892.888% of the position

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.009%, 7d avg −0.017%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5139	0.0100	pay 0.0100% / 8h	1h 54m	$107.3M	$182.0M	75x
Short	gTrade (Gains Network) XRP/USD	1.5137	L +0.0003% / S −0.0004%	get 0.0000% / 1h	54m 11s	$245K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.009%Rate

Funding earned: −$20.18
Price spread: −0.009% → −0.017%: $0.86
Slippage, 4 orders: −$266.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$308.16
Costs to cover: 2.888%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 55 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, 5 min ago	0.50 bp	8.2 bp −$8	10.0 bp −$100	29.5 bp −$2,950	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 55 min ago	130.02 bp	135.0 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	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	1.5145	+0.041%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5125	−0.093%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.074%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5137	−0.009%	$245K	—	150x
Kraken Futures PF_XRPUSD	+0.0025%	1h	1.5138	−0.002%	$14.4M	$75.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.782%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5136	−0.018%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0077% / S −0.0024%	1h	1.5137	−0.010%	$798K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5140	+0.005%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5142	+0.021%	$546K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5122	−0.111%	$12K	$367K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5128	−0.068%	$994K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5138	−0.005%	$38.4M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5135	−0.023%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5138	−0.003%	$528.1M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5139	+0.001%	$344.2M	$967.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5140	+0.008%	$126.9M	$890.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5154	+0.100%	$564K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5140	+0.008%	$143K	$718K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5166	+0.180%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5141	+0.015%	$374.9M	$158.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5139	+0.001%	$296.7M	$916.7M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5139	long leg	$107.3M	$182.0M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5139	+0.001%	$266.4M	$399.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5141	+0.015%	—	$106.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5135	−0.026%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5133	−0.041%	$659K	$114.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5133	−0.038%	$1.1M	$36.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5156	+0.114%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5138	−0.006%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5136	−0.018%	$46K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5139	+0.004%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5139	+0.001%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5140	+0.007%	$815K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5142	+0.021%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5138	−0.005%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5139	+0.005%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5139	+0.001%	$54.0M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5139	+0.003%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5133	−0.036%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5137	−0.012%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5145	+0.041%	$7.7M	$25.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0159%	1h	1.5149	+0.067%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5144	+0.035%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5146	+0.048%	$5.7M	$48.4M	50x	as long as short
Hyperliquid XRP	+0.0183%	1h	1.5152	+0.087%	$289.0M	$264.1M	20x	as long as short
Kalshi KXXRPPERP	+0.0214%	8h	1.5142	+0.021%	$1.7M	$35.4M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5129	−0.063%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5142	+0.021%	$23.5M	$77.7M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5137	−0.012%	$522K	$797K	10x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5148	+0.062%	$2K	$16K	10x	as long as short