Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.023%

Price spread now: KuCoin against Deribit−0.026%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.026%, 7d avg −0.008%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.128%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5253	0	get 0.0000% / 1h	26m 44s	$7.6M	$20.6M	50x
Short	KuCoin XRPUSDTM	1.5249	0.0100	get 0.0100% / 8h	5h 26m	$104.4M	$181.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now −0.026%Rate

Funding earned: $21
Price spread: −0.026% → −0.008%: −$1.75
Slippage, 4 orders: −$8.8
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.55
Costs to cover: 0.278%
Break-even: 9.9 days

Slippage from Deribit: live order book, just now; 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 Deribit live order book, just now	1.31 bp	5.6 bp −$6	8.2 bp −$82	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.56 bp	8.7 bp −$9	17.7 bp −$177	doesn't fit	doesn't fit

XRP on 50 exchanges

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	1.5374	+0.793%	$5K	$4K	20x	as long as short
01 Exchange XRPUSD	−0.0072%	1h	1.5257	+0.026%	$9K	$987	10x	as long as short
Kraken Futures PF_XRPUSD	−0.0063%	1h	1.5253	−0.001%	$13.8M	$69.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5255	+0.016%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5260	+0.046%	$68K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUALlong	0.0000%	1h	1.5253	long leg	$7.6M	$20.6M	50x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5258	+0.034%	$241K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.013%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5265	+0.075%	$17K	$75K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5253	+0.002%	$2.8M	$14.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5241	−0.079%	$590K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5252	−0.007%	$476K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5253	0.000%	$11K	$406K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5254	+0.010%	$1.1M	$5.8M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5255	+0.013%	$295.4M	$267.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5247	−0.039%	$38.8M	$80.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5255	+0.010%	$587K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5247	−0.036%	$529.5M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5246	−0.046%	$357.7M	$867.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5244	−0.059%	$123.7M	$821.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5242	−0.072%	$560K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5262	+0.059%	$162K	$696K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5248	−0.033%	$376.4M	$159.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5249	−0.026%	$307.5M	$901.2M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5249	−0.026%	$104.4M	$181.4M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5241	−0.079%	$269.7M	$353.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5248	−0.033%	—	$99.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5257	+0.026%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5257	+0.026%	$663K	$107.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5255	+0.013%	$1.1M	$32.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.072%	$1.2M	$1.2M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5252	−0.007%	$52K	$472K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5251	−0.012%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5250	−0.020%	$83K	$601K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5252	−0.010%	$128K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5250	−0.020%	$32K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5245	−0.050%	$49.7M	$13.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5252	−0.007%	$54.3M	$33.3M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5287	+0.220%	$1.6M	$32K	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5254	+0.005%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5244	−0.057%	$2.2M	$6.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5245	−0.052%	$59K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0106%	1h	1.5263	+0.066%	$2.0M	$1.2M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5254	+0.007%	$5.5M	$42.6M	50x	as long as short
Kalshi KXXRPPERP	+0.0127%	8h	1.5265	+0.079%	$1.9M	$35.4M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5254	+0.007%	$23.7M	$77.5M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5245	−0.055%	$1.3M	$1K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0228% / S −0.0468%	1h	1.5251	−0.011%	$858K	—	200x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5261	+0.054%	$513K	$726K	10x	as long as short
Aftermath Perps XRPUSD	+0.0344%	1h	1.5263	+0.065%	$3K	$13K	10x	as long as short