Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against KuCoin+0.007%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 7 days+0.022%+$2 · spread now +0.007%, 7d avg −0.007%

Together, before fees+0.007%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5338	0.0100	pay 0.0100% / 8h	7h 27m	$108.8M	$165.3M	75x
Short	Lighter XRP	1.5339	0.0096	get 0.0012% / 1h	27m 48s	$2.8M	$14.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$0.84
Price spread: +0.007% → −0.007%: $1.4
Slippage, 4 orders: −$8.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$20.22
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Lighter: live order book, 6 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, 6 min ago	0.03 bp	9.2 bp −$9	11.2 bp −$112	36.2 bp −$3,620	doesn't fit
Sell Lighter live order book, 6 min ago	1.43 bp	1.4 bp −$1	5.1 bp −$51	14.6 bp −$1,456	34.8 bp −$17.4K

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	1.5345	+0.046%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5335	−0.023%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5332	−0.039%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0014% / S +0.0079%	1h	1.5332	−0.038%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.447%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5339	+0.007%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5341	+0.020%	$9.3M	$25.1M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5329	−0.059%	$8K	$8K	10x	as long as short
Lighter XRPshort	+0.0096%	1h	1.5339	+0.007%	$2.8M	$14.0M	20x
Lighter RH XRP	+0.0096%	1h	1.5342	+0.026%	$515K	$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	+0.0100%	8h	1.5338	0.000%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5351	+0.082%	$479K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5340	+0.016%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5341	+0.018%	$38.8M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5346	+0.052%	$621K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5338	+0.003%	$541.0M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5340	+0.013%	$342.0M	$919.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5341	+0.020%	$124.9M	$868.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	+0.046%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5346	+0.052%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.024%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5335	−0.020%	$374.3M	$149.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5336	−0.013%	$312.1M	$904.0M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5338	long leg	$108.8M	$165.3M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5338	0.000%	$268.3M	$375.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5331	−0.046%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	−0.064%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5333	−0.036%	$666K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	−0.026%	$1.1M	$38.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5321	−0.111%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5330	−0.052%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5337	−0.007%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5336	−0.013%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5340	+0.010%	$826K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5334	−0.026%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5340	+0.013%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5333	−0.034%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5338	0.000%	$54.6M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5332	−0.038%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5338	+0.003%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5332	−0.037%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5329	−0.059%	$24.0M	$73.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5345	+0.046%	$5.8M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5338	−0.002%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0292%	1h	1.5345	+0.046%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5345	+0.046%	$2.1M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5319	−0.126%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0397%	1h	1.5351	+0.085%	$290.0M	$214.7M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5340	+0.013%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0805%	1h	1.5334	−0.028%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5344	+0.039%	$507K	$754K	10x	as long as short