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

XRP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment $0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Katana Perps against KuCoin−0.009%7-day average −0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.015%−$1 on $10k
Price spread, last 7 days−0.074%−$7 · spread now −0.009%, 7d avg −0.048%
Together, before fees−0.089%−$9 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: Katana Perps is 0.039% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XRPUSDTM1.51640.0100pay 0.0100% / 8h11m 23s$106.6M$183.3M75x
ShortKatana Perps XRP-USD1.51630.0099get 0.0099% / 8h11m 23s$20K$382K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
−$0.15
Price spread: −0.009% → −0.048%
$3.91
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$12.04
Costs to cover
0.158%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 8 min ago; Katana Perps: no order-book sample. Net counts fees only.

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, 8 min ago0.03 bp9.3 bp −$910.9 bp −$10927.6 bp −$2,761doesn't fit
Sell Katana Perps no order-book sample
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 51 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%1h1.5163−0.009%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5168+0.021%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5163−0.007%$246K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5176+0.076%$7.7M$24.2M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.609%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5170+0.035%$14.5M$73.6M50xas long as short
Lighter XRP+0.0096%1h1.5164−0.003%$2.8M$15.2M20xas long as short
Lighter RH XRP+0.0096%1h1.5166+0.011%$604K$3.2M20xas long as short
Hibachi XRP/USDT-P+0.0096%1h1.5177+0.083%$17K$78K7xas long as short
Katana Perps XRP-USDshort+0.0099%8h1.5163−0.009%$20K$382K20x
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5164−0.002%$999K$6.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5165+0.004%$38.5M$86.1M100xas long as short
Pacifica XRP+0.0100%1h1.5165+0.002%$610K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5164−0.004%$529.0M$2.21B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5161−0.022%$349.5M$949.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5161−0.022%$127.2M$862.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5172+0.050%$564K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5174+0.063%$143K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5178+0.090%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.5163−0.009%$377.6M$162.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5166+0.011%$311.5M$928.4M300xas long as short
KuCoin XRPUSDTMlong+0.0100%8h1.5164long leg$106.6M$183.3M75x
Bitget XRPUSDT+0.0100%8h1.5163−0.009%$268.8M$388.7M125xas long as short
BingX XRP-USDT+0.0100%8h1.5162−0.016%$107.8Mas long as short
Variational Omni XRP+0.0100%8h1.5148−0.107%$4.8M$38.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5151−0.088%$658K$113.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5180+0.102%$1.1M$34.3M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5182+0.116%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5171+0.043%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5168+0.024%$52K$514K20xas long as short
Bullet XRP-USD+0.0100%1h1.5178+0.089%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5166+0.011%$77K$689K50xas long as short
Derive XRP-PERP+0.0100%1h1.5175+0.069%$816K$76K10xas long as short
SunX XRP-USDT+0.0100%8h1.5183+0.125%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5170+0.037%$28K$1.5M10xas long as short
HTX XRP-USDT+0.0100%8h1.5176+0.075%$49.6M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5171+0.044%$54.1M$32.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5166+0.012%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5160−0.026%$2.1M$6.9M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5170+0.037%$8K$2K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5172+0.047%$58K$25K3xas long as short
GMX XRP/USD [ETH-USDC]L +0.0108% / S −0.0071%1h1.5174+0.065%$774K200xas long as short
Hyperliquid XRP+0.0140%1h1.5178+0.090%$289.7M$268.4M20xas long as short
Kalshi KXXRPPERP+0.0168%8h1.5181+0.109%$1.8M$33.8M2.9xas long as short
Backpack XRP_USDC_PERP+0.0176%1h1.5177+0.083%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5176+0.076%$5.6M$48.0M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5177+0.083%$23.6M$77.8M125xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5162−0.018%$1.3M$4K15xas long as short
RISEx XRP/USDC+0.0394%1h1.5172+0.051%$521K$798K10xas long as short
Phoenix XRP+0.0526%1h1.5180+0.103%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0586%1h1.5169+0.028%$2K$16K10xas long as short