Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against SunX−0.242%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 3 days (all we have)+0.296%+$30 · spread now −0.242%, 7d avg −0.009%

Together, before fees+0.197%+$20 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 0.233% cheaper against SunX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XRP-USDT	1.5341	0.0100	pay 0.0100% / 8h	7h 35m	$128K	$1.8M	30x
Short	KuCoin XRPUSDTM	1.5304	0.0100	get 0.0100% / 8h	7h 35m	$108.5M	$165.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against SunX. 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 SunXbpFee KuCoinbpOrdersPrice spread, now −0.242%Rate

Funding earned: $0
Price spread: −0.242% → −0.009%: −$23.3
Slippage, 4 orders: −$44.92
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$88.22
Costs to cover: 0.649%
Break-even: never at this rate

Slippage from SunX: live order book, 10 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 SunX live order book, 10 min ago	17.30 bp	21.9 bp −$22	26.3 bp −$263	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	0.03 bp	8.5 bp −$8	11.0 bp −$110	32.5 bp −$3,247	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	1.5332	−0.058%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5320	−0.136%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5305	−0.234%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5312	−0.188%	$9.3M	$25.2M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0013% / S +0.0081%	1h	1.5303	−0.247%	$839K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.428%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5312	−0.188%	$58K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5327	−0.093%	$2.8M	$13.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5335	−0.038%	$514K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5308	−0.214%	$10K	$279K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5324	−0.111%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5306	−0.224%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5313	−0.180%	$38.7M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5329	−0.078%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5308	−0.217%	$539.1M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5312	−0.188%	$341.1M	$922.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5312	−0.188%	$124.6M	$869.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.162%	$571K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5321	−0.130%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.294%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5305	−0.234%	$373.4M	$149.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5302	−0.254%	$307.1M	$902.0M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5304	−0.242%	$108.5M	$165.8M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5308	−0.214%	$267.8M	$375.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5308	−0.214%	—	$123.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	−0.083%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5307	−0.219%	$665K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5296	−0.293%	$1.1M	$39.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5333	−0.051%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5310	−0.202%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5307	−0.221%	$49K	$442K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5304	−0.238%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5314	−0.175%	$824K	$81K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5341	long leg	$128K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5311	−0.195%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5343	+0.012%	$50.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5339	−0.012%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5307	−0.218%	$2.1M	$7.1M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5309	−0.208%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5310	−0.201%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5300	−0.267%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5329	−0.078%	$24.0M	$74.3M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5345	+0.027%	$5.8M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5309	−0.209%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0285%	1h	1.5346	+0.033%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5346	+0.033%	$2.1M	$35.1M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5333	−0.050%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0401%	1h	1.5318	−0.149%	$289.3M	$214.5M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	+0.059%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0790%	1h	1.5322	−0.123%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5316	−0.165%	$506K	$754K	10x	as long as short