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 Variational Omni+0.347%7-day average +0.011% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.014%−$1 on $10k

Price spread, last 7 days−0.332%−$33 · spread now +0.347%, 7d avg +0.011%

Together, before fees−0.346%+ Points / potential airdropVariational Omni: Active · farm board−$35 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 0.336% dearer against Variational Omni than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5072	0.0100	pay 0.0100% / 8h	2h 13m	$4.7M	$38.3M	—
Short	KuCoin XRPUSDTM	1.5124	0.0100	get 0.0100% / 8h	2h 13m	$106.8M	$181.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now +0.347%Rate

Funding earned: $0
Price spread: +0.347% → +0.011%: $33.57
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $21.57
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; KuCoin: live order book, 6 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 Variational Omni RFQ quote, 1 min ago	2.06 bp	doesn't fit	5.7 bp −$57	19.4 bp −$1,936	doesn't fit
Sell KuCoin live order book, 6 min ago	0.03 bp	7.6 bp −$8	12.7 bp −$127	44.9 bp −$4,493	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	1.5099	+0.179%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5118	+0.305%	$14.2M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5115	+0.284%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	+0.119%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5120	+0.320%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.238%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0072% / S −0.0016%	1h	1.5122	+0.330%	$797K	—	200x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5127	+0.365%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5119	+0.313%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5121	+0.325%	$546K	$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	+0.0099%	8h	1.5115	+0.285%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5112	+0.269%	$981K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5123	+0.338%	$38.4M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5119	+0.312%	$601K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5124	+0.345%	$526.0M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5122	+0.332%	$343.9M	$965.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5122	+0.332%	$126.6M	$886.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5088	+0.106%	$561K	$34K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5129	+0.378%	$144K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	−0.302%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5125	+0.352%	$371.8M	$160.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5124	+0.345%	$295.8M	$925.3M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5124	+0.347%	$106.8M	$181.2M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5124	+0.345%	$265.6M	$398.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5123	+0.338%	—	$4.2M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5072	long leg	$4.7M	$38.3M	—
edgeX XRPUSDC	+0.0100%	4h	1.5079	+0.048%	$655K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5088	+0.106%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5085	+0.086%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5121	+0.325%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5130	+0.385%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5125	+0.351%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5122	+0.332%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5112	+0.266%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5099	+0.181%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5115	+0.285%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5108	+0.238%	$49.4M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5109	+0.245%	$53.9M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	+0.379%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5117	+0.301%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5114	+0.280%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0122%	1h	1.5140	+0.451%	$289.1M	$262.3M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0147%	1h	1.5119	+0.312%	$7.7M	$25.5M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5121	+0.325%	$5.7M	$48.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5102	+0.196%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0196%	1h	1.5124	+0.345%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0201%	8h	1.5117	+0.298%	$1.7M	$35.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5121	+0.327%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5086	+0.093%	$23.2M	$77.1M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5126	+0.357%	$520K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0587%	1h	1.5080	+0.051%	$2K	$16K	10x	as long as short