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% APRpaid last 24h 0.000%

Price spread now: KuCoin against Arcus−0.013%7-day average +0.011% · 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−$28as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.013%, 7d avg +0.011%

Together, before fees+0.025%+$3 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 0.024% cheaper against Arcus than usual: you would sell low and buy high, −$2 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	Arcus XRP-USD	1.5242	0.0100	pay 0.0013% / 1h	48m 06s	$145K	$713K	20x
Short	KuCoin XRPUSDTM	1.5240	0.0100	get 0.0100% / 8h	48m 06s	$107.4M	$184.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. 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 ArcusbpFee KuCoinbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.011%: −$2.43
Slippage, 4 orders: −$9.51
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$28.44
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Arcus: live order book, 56 min ago; KuCoin: live order book, 11 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 Arcus live order book, 56 min ago	0.99 bp	5.3 bp −$5	6.9 bp −$69	26.5 bp −$2,647	doesn't fit
Sell KuCoin live order book, 11 min ago	0.03 bp	7.6 bp −$8	11.8 bp −$118	42.6 bp −$4,262	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	1.5208	−0.223%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5231	−0.069%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5240	−0.014%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5246	+0.026%	$7.9M	$24.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.086%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5241	−0.005%	$14.5M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5244	+0.014%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5244	+0.013%	$606K	$3.2M	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0098% / S −0.0055%	1h	1.5237	−0.035%	$786K	—	200x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5226	−0.105%	$10K	$372K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5231	−0.075%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5229	−0.084%	$38.7M	$87.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5239	−0.020%	$614K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5230	−0.078%	$533.4M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5236	−0.039%	$350.5M	$958.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5236	−0.039%	$127.9M	$882.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5190	−0.341%	$566K	$33K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5242	long leg	$145K	$713K	20x
Bulk XRP-USD	+0.0100%	1h	1.5191	−0.338%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5237	−0.033%	$379.6M	$159.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5238	−0.026%	$315.7M	$918.2M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5240	−0.013%	$107.4M	$184.1M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5233	−0.059%	$269.3M	$393.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5231	−0.072%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5190	−0.344%	$4.9M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5208	−0.224%	$661K	$113.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5188	−0.352%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5215	−0.177%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5233	−0.060%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5235	−0.046%	$50K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5237	−0.033%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5236	−0.039%	$76K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5239	−0.018%	$820K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5246	+0.023%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5241	−0.007%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5231	−0.070%	$49.7M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5244	+0.013%	$54.5M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5241	−0.008%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5235	−0.043%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5236	−0.042%	$59K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5216	−0.168%	$17K	$78K	7x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5233	−0.059%	$9K	$2K	10x	as long as short
Hyperliquid XRP	+0.0168%	1h	1.5250	+0.052%	$290.5M	$267.5M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5244	+0.013%	$5.6M	$48.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0179%	1h	1.5248	+0.039%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0210%	8h	1.5240	−0.013%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5238	−0.025%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5219	−0.151%	$23.7M	$78.0M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5242	0.000%	$530K	$803K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5200	−0.276%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0669%	1h	1.5215	−0.175%	$2K	$16K	10x	as long as short