Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0069%/8h= −7.5% APRpaid last 24h +0.018%

Price spread now: Kraken Futures against KuCoin+0.172%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

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

costs, in and out, $10k−$390.388% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 3 days (all we have)−0.242%−$24 · spread now +0.172%, 7d avg −0.005%

Together, before fees−0.157%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.177% dearer against KuCoin than usual: you sell high and buy low (spread +0.172% now, against its 7-day average of −0.005%): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.084%, 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	1.5600	0.0100	pay 0.0100% / 8h	45m 28s	$113.6M	$163.1M	75x
Short	Kraken Futures PF_XRPUSD	1.5627	0.0031	get 0.0004% / 1h	45m 28s	$15.7M	$68.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.172%Rate

Funding earned: −$14.42
Price spread: +0.172% → −0.005%: $17.7
Slippage, 4 orders: −$16.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$35.47
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Kraken Futures: live order book, 4 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, 4 min ago	0.03 bp	10.2 bp −$10	14.1 bp −$141	32.1 bp −$3,213	doesn't fit
Sell Kraken Futures live order book, 4 min ago	0.96 bp	10.0 bp −$10	12.8 bp −$128	23.2 bp −$2,319	51.4 bp −$25.7K

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	1.5603	+0.017%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5605	+0.028%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5620	+0.126%	$70K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5633	+0.210%	$262K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0005% / S +0.0106%	1h	1.5631	+0.199%	$860K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0006%	1h	1.5630	+0.190%	$9.7M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0031%	1h	1.5627	+0.172%	$15.7M	$68.7M	50x
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5629	+0.184%	$77K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.258%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5605	+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	1.5605	+0.030%	$444K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5596	−0.024%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5606	+0.037%	$39.7M	$80.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5606	+0.034%	$642K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5598	−0.015%	$558.5M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5596	−0.028%	$347.8M	$914.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5596	−0.028%	$127.5M	$891.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5568	−0.207%	$579K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5604	+0.024%	$117K	$752K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.210%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5604	+0.024%	$373.1M	$143.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5596	−0.028%	$302.4M	$868.7M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5600	long leg	$113.6M	$163.1M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5595	−0.034%	$272.8M	$369.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5600	−0.002%	—	$120.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	+0.213%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5593	−0.047%	$677K	$103.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5605	+0.030%	$1.1M	$40.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5567	−0.213%	$1.0M	$899K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5598	−0.012%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5599	−0.008%	$49K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5594	−0.040%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5635	+0.223%	$842K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5618	+0.112%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5627	+0.171%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5622	+0.141%	$51.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5625	+0.158%	$55.6M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5603	+0.015%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5609	+0.056%	$13K	$266K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5598	−0.016%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5632	+0.200%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5602	+0.011%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5594	−0.039%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5585	−0.098%	$24.5M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5634	+0.216%	$5.9M	$47.9M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5633	+0.209%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5636	+0.229%	$2.0M	$33.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0396%	1h	1.5629	+0.184%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0626%	1h	1.5616	+0.101%	$297.6M	$208.8M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5613	+0.080%	$509K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0812%	1h	1.5617	+0.104%	$1K	$11K	10x	as long as short