Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: KuCoin against edgeX+0.223%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days−0.200%−$20 · spread now +0.223%, 7d avg +0.040%

Together, before fees−0.118%+ Points / potential airdropedgeX: Active · farm board−$12 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 0.182% dearer against edgeX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5093	0.0100	pay 0.0050% / 4h	2h 35m	$655K	$108.6M	30x
Short	KuCoin XRPUSDTM	1.5127	0.0100	get 0.0100% / 8h	6h 35m	$106.7M	$172.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now +0.223%Rate

Funding earned: $0
Price spread: +0.223% → +0.040%: $18.22
Slippage, 4 orders: −$7.47
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$10.25
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; KuCoin: live order book, 9 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 edgeX live order book, 4 min ago	1.00 bp	5.5 bp −$5	5.7 bp −$57	8.6 bp −$863	doesn't fit
Sell KuCoin live order book, 9 min ago	0.10 bp	11.2 bp −$11	15.1 bp −$151	37.5 bp −$3,753	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	1.5135	+0.278%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5124	+0.205%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5100	+0.046%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5124	+0.205%	$252K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0062%	1h	1.5123	+0.196%	$801K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.094%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5128	+0.233%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0070%	8h	1.5127	+0.225%	$58K	$947K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5131	+0.254%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5132	+0.258%	$517K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5127	+0.225%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5136	+0.288%	$806K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5132	+0.258%	$38.5M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5134	+0.269%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5136	+0.286%	$537.5M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5136	+0.285%	$340.3M	$942.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5139	+0.305%	$123.7M	$871.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5069	−0.159%	$561K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5138	+0.298%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5101	+0.053%	$1.6M	$307K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5134	+0.272%	$367.3M	$151.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5133	+0.265%	$290.5M	$907.4M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5127	+0.223%	$106.7M	$172.1M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5134	+0.272%	$265.7M	$385.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5130	+0.245%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5126	+0.220%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5093	long leg	$655K	$108.6M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5084	−0.061%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5107	+0.093%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5115	+0.145%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5129	+0.238%	$45K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5128	+0.231%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5131	+0.250%	$814K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5136	+0.285%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5130	+0.245%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5130	+0.246%	$49.6M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5130	+0.245%	$53.8M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5132	+0.261%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5131	+0.249%	$2.0M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5130	+0.242%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5136	+0.285%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0209%	1h	1.5140	+0.313%	$280.1M	$221.1M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5124	+0.208%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5138	+0.298%	$5.7M	$46.6M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.663%	$24.0M	$75.2M	125x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0279%	1h	1.5133	+0.265%	$7.6M	$25.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5094	+0.005%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0337%	1h	1.5141	+0.318%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0342%	8h	1.5112	+0.126%	$2.1M	$36.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5139	+0.304%	$536K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0798%	1h	1.5117	+0.157%	$2K	$14K	10x	as long as short