Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against KuCoin+0.279%7-day average −0.007% · you sell dearer than you buy

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 7 days−0.276%−$28 · spread now +0.279%, 7d avg −0.007%

Together, before fees−0.262%+ Points / potential airdropVariational Omni: Active · farm board−$26 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: Variational Omni is 0.287% dearer against KuCoin than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5444	0.0100	pay 0.0100% / 8h	2h 09m	$112.1M	$149.1M	75x
Short	Variational Omni XRP	1.5487	0.0100	get 0.0100% / 8h	2h 09m	$6.7M	$24.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.279%Rate

Funding earned: $0
Price spread: +0.279% → −0.007%: $28.66
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $16.66
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 10 min ago; Variational Omni: RFQ quote, 5 min ago. 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, 10 min ago	0.03 bp	10.2 bp −$10	14.5 bp −$145	31.9 bp −$3,187	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.03 bp	doesn't fit	6.0 bp −$60	29.3 bp −$2,928	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	1.5477	+0.214%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5451	+0.044%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5450	+0.039%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5473	+0.188%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0009%	1h	1.5473	+0.188%	$9.4M	$24.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.997%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5475	+0.201%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0170%	1h	1.5473	+0.185%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5446	+0.011%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5450	+0.039%	$447K	$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
Nado XRP-PERP	+0.0100%	1h	1.5442	−0.010%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5447	+0.019%	$39.3M	$73.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5447	+0.019%	$675K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5442	−0.013%	$555.6M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5439	−0.032%	$347.9M	$851.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5438	−0.039%	$126.4M	$847.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5427	−0.110%	$574K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5449	+0.032%	$120K	$686K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.178%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5441	−0.019%	$368.7M	$133.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5437	−0.045%	$291.8M	$820.0M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5444	long leg	$112.1M	$149.1M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5437	−0.045%	$267.5M	$346.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5446	+0.013%	—	$3.7M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5487	+0.279%	$6.7M	$24.7M	—
edgeX XRPUSDC	+0.0100%	4h	1.5464	+0.127%	$671K	$95.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5471	+0.177%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5489	+0.291%	$1.0M	$878K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5442	−0.013%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5445	+0.006%	$50K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5435	−0.058%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5437	−0.047%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5478	+0.223%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5466	+0.142%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5474	+0.197%	$50.9M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5463	+0.123%	$55.2M	$28.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5443	−0.004%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5443	−0.006%	$12K	$239K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5440	−0.024%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5470	+0.165%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5450	+0.039%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5467	+0.152%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5479	+0.227%	$5.6M	$45.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0203%	1h	1.5467	+0.149%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5436	−0.055%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5480	+0.233%	$24.2M	$68.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0284%	8h	1.5490	+0.298%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5481	+0.240%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5453	+0.061%	$406K	$499K	10x	as long as short
Hyperliquid XRP	+0.0507%	1h	1.5455	+0.071%	$284.9M	$190.2M	20x	as long as short
Aftermath Perps XRPUSD	+0.0532%	1h	1.5450	+0.036%	$1K	$11K	10x	as long as short