Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Polymarket Perps+0.022%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)−0.386%−$39 · spread now +0.022%, 7d avg −0.020%

Together, before fees−0.395%−$39 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: KuCoin is 0.042% dearer against Polymarket Perps 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	Polymarket Perps XRP-USD	1.5554	0.0100	pay 0.0013% / 1h	15m 00s	$47K	$446K	20x
Short	KuCoin XRPUSDTM	1.5557	0.0100	get 0.0100% / 8h	1h 15m	$114.1M	$160.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Polymarket Perps. 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 Polymarket PerpsbpFee KuCoinbpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.020%: $4.17
Slippage, 4 orders: −$10.79
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$26.62
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; KuCoin: 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 Polymarket Perps live order book, 2 min ago	2.25 bp	7.5 bp −$7	9.5 bp −$95	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.03 bp	7.1 bp −$7	10.2 bp −$102	30.5 bp −$3,049	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	1.5559	+0.032%	$7K	$2K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L −0.0002% / S +0.0116%	1h	1.5548	−0.040%	$851K	—	200x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5551	−0.020%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5550	−0.026%	$9.5M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5549	−0.033%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.039%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5553	−0.007%	$15.6M	$68.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5553	−0.006%	$78K	$947K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5557	+0.022%	$3.0M	$12.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5558	+0.026%	$441K	$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
Nado XRP-PERP	+0.0100%	1h	1.5556	+0.013%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5560	+0.040%	$39.5M	$78.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5560	+0.038%	$640K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5562	+0.053%	$559.9M	$1.98B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5552	−0.013%	$346.3M	$901.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5552	−0.013%	$127.6M	$882.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5554	0.000%	$579K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5560	+0.039%	$119K	$745K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5567	+0.082%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5559	+0.032%	$374.1M	$140.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5562	+0.051%	$298.8M	$860.8M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5557	+0.022%	$114.1M	$160.0M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5559	+0.032%	$271.8M	$364.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5559	+0.032%	—	$118.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5575	+0.132%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5570	+0.105%	$676K	$102.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5572	+0.114%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5581	+0.174%	$1.0M	$884K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5556	+0.012%	—	$10K	10x	as long as short
Polymarket Perps XRP-USDlong	+0.0100%	1h	1.5554	long leg	$47K	$446K	20x
Bullet XRP-USD	+0.0100%	1h	1.5552	−0.013%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5551	−0.021%	$837K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5556	+0.012%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5554	0.000%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5555	+0.010%	$51.1M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5553	−0.006%	$55.4M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5555	+0.010%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5557	+0.019%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5541	−0.082%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5546	−0.050%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5559	+0.032%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5552	−0.016%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5563	+0.058%	$5.9M	$47.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5550	−0.026%	$24.4M	$73.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0224%	1h	1.5577	+0.151%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0292%	1h	1.5568	+0.090%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0325%	8h	1.5562	+0.051%	$1.9M	$33.1M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5550	−0.026%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5564	+0.066%	$510K	$630K	10x	as long as short
Hyperliquid XRP	+0.0593%	1h	1.5579	+0.161%	$291.2M	$204.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0758%	1h	1.5560	+0.038%	$1K	$11K	10x	as long as short