Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against SoDEX−0.040%7-day average +0.020% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on SoDEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.040%, 7d avg +0.020%

Together, before fees+0.104%+$10 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 0.060% cheaper against SoDEX than usual: you would sell low and buy high, −$6 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	SoDEX XRP-USD	1.5218	0.0100	pay 0.0013% / 1h	25m 00s	$29K	$1.6M	10x
Short	KuCoin XRPUSDTM	1.5212	0.0100	get 0.0100% / 8h	1h 25m	$107.8M	$182.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. 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 SoDEXbpFee KuCoinbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.020%: −$5.98
Slippage, 4 orders: −$3.45
Fee SoDEX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.43
Costs to cover: 0.235%
Break-even: never at this rate

Slippage from SoDEX: live order book, 4 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 SoDEX live order book, 4 min ago	0.33 bp	4.3 bp −$4	6.3 bp −$63	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.03 bp	6.5 bp −$6	14.7 bp −$147	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	1.5214	−0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5221	+0.017%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5210	−0.053%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	+0.053%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5220	+0.013%	$7.7M	$24.8M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5216	−0.013%	$14.4M	$75.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.247%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0085% / S −0.0035%	1h	1.5204	−0.090%	$802K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5217	−0.003%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5217	−0.007%	$547K	$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
Katana Perps XRP-USD	+0.0099%	8h	1.5227	+0.059%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5232	+0.089%	$991K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5212	−0.036%	$38.6M	$87.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5217	−0.005%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5211	−0.046%	$533.7M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5209	−0.059%	$346.8M	$963.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5210	−0.053%	$127.5M	$886.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5198	−0.131%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5239	+0.138%	$144K	$715K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5212	−0.039%	$377.6M	$160.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5212	−0.039%	$304.3M	$927.2M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5212	−0.040%	$107.8M	$182.1M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5208	−0.066%	$268.3M	$397.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5214	−0.026%	—	$105.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5222	+0.025%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5198	−0.130%	$660K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5212	−0.040%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5207	−0.072%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5235	+0.109%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5240	+0.145%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5226	+0.053%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5221	+0.020%	$65K	$773K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.457%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5225	+0.047%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5218	long leg	$29K	$1.6M	10x
HTX XRP-USDT	+0.0100%	8h	1.5230	+0.080%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5216	−0.013%	$54.5M	$32.5M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5157	−0.401%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5222	+0.029%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5207	−0.071%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5217	−0.007%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5242	+0.158%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5226	+0.053%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5222	+0.026%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0190%	1h	1.5220	+0.013%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0200%	1h	1.5224	+0.039%	$289.5M	$265.1M	20x	as long as short
Kalshi KXXRPPERP	+0.0217%	8h	1.5227	+0.059%	$1.8M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5228	+0.067%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5220	+0.013%	$23.7M	$78.1M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5235	+0.110%	$532K	$800K	10x	as long as short
Aftermath Perps XRPUSD	+0.0616%	1h	1.5192	−0.169%	$2K	$16K	10x	as long as short