Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Orderly against KuCoin+0.024%7-day average −0.020% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.397%−$40 · spread now +0.024%, 7d avg −0.020%

Together, before fees−0.412%−$41 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: Orderly is 0.044% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5148	0.0100	pay 0.0100% / 8h	7h 31m	$105.8M	$183.4M	75x
Short	Orderly PERP_XRP_USDC	1.5152	0.0100	get 0.0100% / 8h	7h 31m	$77K	$648K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → −0.020%: $4.38
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$13.62
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 7 min ago	0.03 bp	8.1 bp −$8	9.7 bp −$97	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5152	+0.021%	$14.7M	$74.5M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5161	+0.083%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.143%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5153	+0.030%	$7.7M	$23.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5148	−0.001%	$246K	—	150x	as long as short
dYdX XRP-USD	+0.0011%	1h	1.5167	+0.123%	$1.1M	$154K	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.717%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5197	+0.321%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5148	+0.001%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5154	+0.037%	$618K	$3.1M	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	1.5156	+0.050%	$20K	$381K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5153	+0.034%	$990K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	−0.010%	$38.4M	$84.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5168	+0.130%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5147	−0.009%	$528.0M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5142	−0.042%	$352.6M	$939.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5143	−0.036%	$125.8M	$848.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	+0.176%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5167	+0.123%	$143K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	+0.347%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5148	−0.003%	$375.6M	$153.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5148	−0.003%	$310.1M	$917.0M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5148	long leg	$105.8M	$183.4M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5142	−0.042%	$267.9M	$381.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5148	−0.003%	—	$108.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	+0.341%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5198	+0.327%	$660K	$112.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5198	+0.327%	$1.1M	$33.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5222	+0.486%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5166	+0.115%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5158	+0.063%	$52K	$509K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5154	+0.037%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDCshort	+0.0100%	8h	1.5152	+0.024%	$77K	$648K	50x
Derive XRP-PERP	+0.0100%	1h	1.5208	+0.391%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5163	+0.096%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5149	+0.004%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5173	+0.162%	$49.5M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5152	+0.024%	$54.1M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5171	+0.152%	$473K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5139	−0.065%	$2.1M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5151	+0.019%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5158	+0.063%	$8K	$2K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0119% / S −0.0084%	1h	1.5148	−0.004%	$786K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5151	+0.017%	$5.3M	$47.7M	50x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5169	+0.136%	$1.7M	$33.2M	2.9x	as long as short
Hyperliquid XRP	+0.0181%	1h	1.5158	+0.062%	$289.7M	$267.9M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0210%	1h	1.5151	+0.017%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5170	+0.143%	$23.7M	$77.5M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5148	−0.001%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5163	+0.099%	$519K	$788K	10x	as long as short
Aftermath Perps XRPUSD	+0.0558%	1h	1.5191	+0.284%	$2K	$16K	10x	as long as short