Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0661%/8h= +72.4% APRpaid last 24h +0.104%

Price spread now: RISEx against KuCoin+0.111%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$280.278% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.313%+$31 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.111%, 7d avg +0.039%

Together, before fees+0.235%+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and RISEx is 0.073% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5493	0.0100	pay 0.0100% / 8h	40m 13s	$112.9M	$163.5M	75x
Short	RISEx XRP/USDC	1.5510	0.0761	get 0.0095% / 1h	40m 13s	$504K	$632K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.111%Rate

Funding earned: $138.82
Price spread: +0.111% → +0.039%: $7.28
Slippage, 4 orders: −$9.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $118.31
Costs to cover: 0.278%
Break-even: 1.0 days

Slippage from KuCoin: live order book, 4 min ago; RISEx: live order book, 38 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	0.71 bp	9.8 bp −$10	12.3 bp −$123	27.1 bp −$2,706	doesn't fit
Sell RISEx live order book, 38 min ago	1.00 bp	4.0 bp −$4	9.0 bp −$90	doesn't fit	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	1.5503	+0.067%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5507	+0.091%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5550	+0.370%	$69K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5495	+0.015%	$9.6M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5495	+0.017%	$259K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0103%	1h	1.5495	+0.014%	$852K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5492	−0.002%	$15.5M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0057%	8h	1.5494	+0.009%	$76K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+0.435%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5496	+0.019%	$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	1.5497	+0.028%	$441K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5500	+0.051%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5493	+0.003%	$39.4M	$80.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5505	+0.080%	$638K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5493	+0.003%	$554.9M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5495	+0.015%	$346.3M	$918.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5496	+0.022%	$126.7M	$884.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5546	+0.345%	$578K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5504	+0.074%	$116K	$754K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5506	+0.086%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5494	+0.009%	$373.5M	$144.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5493	+0.003%	$295.4M	$872.5M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5493	long leg	$112.9M	$163.5M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5494	+0.009%	$271.2M	$370.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5495	+0.015%	—	$120.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5522	+0.187%	$11.6M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5600	+0.695%	$677K	$103.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5556	+0.409%	$1.1M	$40.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5597	+0.674%	$1.0M	$899K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5504	+0.071%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5498	+0.035%	$48K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5497	+0.029%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5495	+0.018%	$834K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5498	+0.038%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5493	+0.003%	$33K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5501	+0.056%	$50.9M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5493	+0.003%	$55.1M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5506	+0.089%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5503	+0.067%	$12K	$268K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5490	−0.018%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5493	+0.001%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5503	+0.067%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5495	+0.014%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5514	+0.138%	$24.5M	$74.4M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5504	+0.074%	$5.9M	$47.4M	50x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5527	+0.223%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0312%	8h	1.5507	+0.093%	$2.0M	$34.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0331%	1h	1.5503	+0.067%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0605%	1h	1.5512	+0.125%	$294.8M	$209.8M	20x	as long as short
RISEx XRP/USDCshort	+0.0761%	1h	1.5510	+0.111%	$504K	$632K	10x
Aftermath Perps XRPUSD	+0.0807%	1h	1.5564	+0.458%	$1K	$11K	10x	as long as short