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 Bybit+0.033%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.033%, 7d avg +0.010%

Together, before fees−0.060%−$6 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 0.023% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5134	0.0100	pay 0.0100% / 8h	4h 08m	$345.3M	$936.4M	100x
Short	KuCoin XRPUSDTM	1.5139	0.0100	get 0.0100% / 8h	4h 08m	$107.8M	$175.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → +0.010%: $2.27
Slippage, 4 orders: −$6.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$27.72
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 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 Bybit live order book, 6 min ago	0.33 bp	6.1 bp −$6	7.8 bp −$78	13.0 bp −$1,297	24.6 bp −$12.3K
Sell KuCoin live order book, 11 min ago	0.03 bp	9.5 bp −$10	11.6 bp −$116	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	1.5136	+0.013%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5137	+0.017%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5134	+0.003%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	+0.040%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5138	+0.026%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5141	+0.046%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.815%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0046% / S +0.0021%	1h	1.5138	+0.023%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0091%	8h	1.5141	+0.046%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5141	+0.048%	$2.8M	$14.6M	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	1.5141	+0.046%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5127	−0.046%	$10K	$330K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5139	+0.036%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5150	+0.106%	$280.6M	$227.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5133	−0.007%	$38.3M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5138	+0.028%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5138	+0.027%	$533.4M	$2.12B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5134	long leg	$345.3M	$936.4M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5135	+0.007%	$126.7M	$874.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5133	−0.007%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5134	0.000%	$110K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5130	−0.023%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5136	+0.013%	$368.9M	$154.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5133	−0.007%	$292.6M	$903.1M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5139	+0.033%	$107.8M	$175.1M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5133	−0.007%	$267.8M	$384.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5133	−0.007%	—	$127.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	+0.031%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	+0.049%	$658K	$108.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5130	−0.027%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5147	+0.086%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5143	+0.058%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5144	+0.066%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5140	+0.040%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5142	+0.052%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5145	+0.069%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5140	+0.040%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5139	+0.032%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5141	+0.046%	$53.8M	$31.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5134	+0.002%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5128	−0.038%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5138	+0.025%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5133	−0.007%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0187%	1h	1.5148	+0.093%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5146	+0.079%	$5.6M	$47.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5144	+0.069%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5141	+0.047%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5134	0.000%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5144	+0.066%	$2.1M	$34.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5136	+0.011%	$515K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0683%	1h	1.5147	+0.084%	$2K	$15K	10x	as long as short