Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.031%

Price spread now: KuCoin against Coinbase International−0.104%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.104%, 7d avg −0.015%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.089% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5147	0.0176	pay 0.0022% / 1h	34m 32s	$5.6M	$48.2M	50x
Short	KuCoin XRPUSDTM	1.5131	0.0100	get 0.0100% / 8h	34m 32s	$106.0M	$184.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$15.96
Price spread: −0.104% → −0.015%: −$8.85
Slippage, 4 orders: −$8.18
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$55
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; KuCoin: live order book, 5 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 Coinbase International live order book, 5 min ago	0.66 bp	7.4 bp −$7	11.0 bp −$110	26.3 bp −$2,628	doesn't fit
Sell KuCoin live order book, 5 min ago	0.03 bp	7.5 bp −$8	13.1 bp −$131	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	1.5138	−0.059%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5131	−0.106%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5137	−0.067%	$245K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5147	0.000%	$7.8M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.727%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5146	−0.007%	$14.5M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5134	−0.084%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5138	−0.059%	$602K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5171	+0.158%	$8K	$2K	10x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5159	+0.079%	$20K	$380K	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	1.5145	−0.017%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5167	+0.132%	$38.4M	$86.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5136	−0.070%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5165	+0.117%	$530.6M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5164	+0.112%	$349.5M	$956.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5166	+0.125%	$128.0M	$869.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5179	+0.211%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5170	+0.152%	$143K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.284%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5139	−0.053%	$377.0M	$161.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5133	−0.092%	$307.9M	$923.5M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5131	−0.104%	$106.0M	$184.0M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5126	−0.139%	$267.3M	$390.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5130	−0.112%	—	$107.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5150	+0.017%	$4.9M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5179	+0.211%	$659K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5210	+0.416%	$1.1M	$35.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5181	+0.224%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5148	+0.008%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5140	−0.046%	$51K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5137	−0.066%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5138	−0.059%	$77K	$688K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5140	−0.046%	$814K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5138	−0.062%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5142	−0.033%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5144	−0.022%	$49.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5146	−0.007%	$54.1M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5135	−0.080%	$472K	$55K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0102% / S −0.0062%	1h	1.5137	−0.064%	$781K	—	200x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5157	+0.068%	$2.1M	$6.9M	50x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5169	+0.145%	$17K	$78K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5137	−0.066%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0121%	1h	1.5144	−0.020%	$288.8M	$267.8M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0143%	1h	1.5153	+0.040%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0176%	1h	1.5147	long leg	$5.6M	$48.2M	50x
Kalshi KXXRPPERP	+0.0190%	8h	1.5145	−0.013%	$1.8M	$34.4M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5136	−0.074%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5143	−0.026%	$23.6M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5170	+0.151%	$521K	$807K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5230	+0.548%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0646%	1h	1.5198	+0.337%	$2K	$16K	10x	as long as short