Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0728%/8h= −79.7% APRpaid last 24h −0.109%

Price spread now: KuCoin against RISEx+0.103%7-day average −0.038% · 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−$12as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.312%−$31 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.103%, 7d avg −0.038%

Together, before fees−0.447%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.141% dearer against RISEx than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.038%): +$14 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 3 days (−0.312% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5239	0.0828	pay 0.0103% / 1h	2m 36s	$539K	$777K	10x
Short	KuCoin XRPUSDTM	1.5255	0.0100	get 0.0100% / 8h	7h 02m	$110.4M	$167.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$152.84
Price spread: +0.103% → −0.038%: $14.09
Slippage, 4 orders: −$8.1
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$164.85
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from RISEx: live order book, 6 min ago; KuCoin: live order book, 7 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 RISEx live order book, 6 min ago	1.01 bp	4.0 bp −$4	8.9 bp −$89	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	0.03 bp	8.1 bp −$8	11.2 bp −$112	30.5 bp −$3,053	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	1.5249	+0.064%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5241	+0.008%	$1.1M	$116K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5250	+0.068%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5256	+0.110%	$9.2M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0019% / S +0.0071%	1h	1.5245	+0.039%	$836K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.105%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5253	+0.090%	$57K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5258	+0.123%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5259	+0.133%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5265	+0.169%	$511K	$3.3M	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	1.5245	+0.038%	$9K	$282K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5237	−0.014%	$475K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5252	+0.085%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5264	+0.164%	$38.6M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5250	+0.072%	$627K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5250	+0.068%	$538.8M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5240	+0.005%	$340.1M	$920.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5232	−0.047%	$123.2M	$863.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5215	−0.159%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5235	−0.028%	$114K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.725%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5235	−0.028%	$366.5M	$153.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5242	+0.018%	$300.1M	$917.9M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5255	+0.103%	$110.4M	$167.9M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5228	−0.074%	$267.1M	$376.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5236	−0.021%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5315	+0.495%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5348	+0.715%	$666K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5328	+0.581%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5318	+0.517%	$1.2M	$998K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5254	+0.097%	$46K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5250	+0.069%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5256	+0.112%	$821K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5263	+0.153%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5253	+0.090%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5251	+0.077%	$50.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5240	+0.005%	$54.1M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5264	+0.162%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5229	−0.064%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5256	+0.110%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5250	+0.071%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5232	−0.047%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5251	+0.077%	$5.7M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0245%	1h	1.5246	+0.044%	$14.4M	$70.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0302%	1h	1.5263	+0.156%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5315	+0.500%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0323%	8h	1.5263	+0.156%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0363%	1h	1.5272	+0.215%	$287.6M	$215.7M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.596%	$68K	$110K	15x	as long as short
RISEx XRP/USDClong	+0.0828%	1h	1.5239	long leg	$539K	$777K	10x
Aftermath Perps XRPUSD	+0.0857%	1h	1.5325	+0.563%	$2K	$13K	10x	as long as short