Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.014%

Price spread now: KuCoin against 01 Exchange−0.040%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.040% cheaper against 01 Exchange than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5363	0.0168	pay 0.0021% / 1h	23m 56s	$8K	$8K	10x
Short	KuCoin XRPUSDTM	1.5357	0.0100	get 0.0100% / 8h	23m 56s	$110.2M	$165.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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 01 ExchangebpFee KuCoinbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$14.28
Price spread: −0.040% → 0.000%: −$3.97
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$37.25
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; KuCoin: live order book, 5 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 01 Exchange no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	0.03 bp	7.6 bp −$8	11.1 bp −$111	32.5 bp −$3,250	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5356	−0.046%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5357	−0.042%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5420	+0.371%	$69K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5359	−0.023%	$266K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0097%	1h	1.5358	−0.031%	$830K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5357	−0.039%	$9.4M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5358	−0.036%	$15.0M	$69.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0058%	8h	1.5360	−0.020%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.282%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5355	−0.049%	$2.9M	$13.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5360	−0.020%	$438K	$3.2M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5353	−0.062%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5359	−0.029%	$39.1M	$81.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5356	−0.046%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5358	−0.033%	$546.9M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5357	−0.039%	$341.5M	$924.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5356	−0.046%	$125.2M	$879.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	−0.117%	$573K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5361	−0.013%	$116K	$757K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5410	+0.306%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5357	−0.039%	$360.7M	$147.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5361	−0.013%	$291.8M	$885.0M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5357	−0.040%	$110.2M	$165.3M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5356	−0.046%	$267.2M	$374.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5356	−0.046%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5385	+0.141%	$11.4M	$30.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5405	+0.272%	$669K	$104.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5403	+0.260%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5406	+0.280%	$1.0M	$900K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5362	−0.007%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5363	−0.003%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5362	−0.010%	$827K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5369	+0.040%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5356	−0.046%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5349	−0.093%	$50.4M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5362	−0.007%	$54.7M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5355	−0.049%	$479K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5362	−0.007%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5359	−0.026%	$12K	$268K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5355	−0.050%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5355	−0.054%	$72K	$40K	3x	as long as short
01 Exchange XRPUSDlong	+0.0168%	1h	1.5363	long leg	$8K	$8K	10x
Reya XRPRUSDPERP	+0.0212%	1h	1.5359	−0.029%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5370	+0.046%	$24.3M	$74.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5366	+0.020%	$5.8M	$47.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0258%	1h	1.5366	+0.020%	$1.7M	$1.0M	25x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5383	+0.131%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0306%	8h	1.5367	+0.026%	$2.0M	$34.4M	2.9x	as long as short
Hyperliquid XRP	+0.0589%	1h	1.5376	+0.085%	$292.5M	$212.3M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5368	+0.030%	$499K	$635K	10x	as long as short
Aftermath Perps XRPUSD	+0.0788%	1h	1.5406	+0.282%	$1K	$11K	10x	as long as short