Funding arb · Price arb /

XRP

all XRP markets

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 Gate+0.003%7-day average +0.008% · you sell dearer than you buy

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

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

costs, in and out, $10k−$380.381% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 7 days+0.003%$0 · spread now +0.003%, 7d avg +0.008%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5154	0.0100	pay 0.0100% / 8h	3h 05m	$373.6M	$158.1M	100x
Short	KuCoin XRPUSDTM	1.5154	0.0100	get 0.0100% / 8h	3h 05m	$109.2M	$178.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → +0.008%: −$0.53
Slippage, 4 orders: −$11.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$38.6
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 8 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 Gate live order book, 3 min ago	0.33 bp	10.3 bp −$10	13.0 bp −$130	28.5 bp −$2,855	40.3 bp −$20.2K
Sell KuCoin live order book, 8 min ago	0.50 bp	10.9 bp −$11	13.0 bp −$130	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	1.5133	−0.139%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5147	−0.044%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5149	−0.036%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5155	+0.007%	$7.7M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5152	−0.014%	$14.3M	$74.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.679%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5149	−0.036%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5154	0.000%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5156	+0.013%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5141	−0.086%	$10K	$355K	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	1.5149	−0.036%	$979K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5150	−0.026%	$39.0M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5155	+0.006%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5152	−0.013%	$533.8M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5154	0.000%	$343.9M	$947.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5154	0.000%	$125.3M	$886.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5145	−0.059%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5154	0.000%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	−0.103%	$1.6M	$29K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5154	long leg	$373.6M	$158.1M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5152	−0.013%	$294.2M	$910.3M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5154	+0.003%	$109.2M	$178.5M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5153	−0.007%	$269.0M	$391.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5153	−0.007%	—	$128.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5147	−0.047%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.268%	$656K	$111.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5106	−0.317%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5119	−0.231%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5148	−0.038%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5155	+0.007%	$49K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5149	−0.033%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5148	−0.040%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5149	−0.033%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5154	+0.003%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5150	−0.026%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5153	−0.007%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5154	0.000%	$53.9M	$31.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5151	−0.018%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5149	−0.035%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5148	−0.042%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5149	−0.033%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0179%	8h	1.5158	+0.026%	$1.8M	$35.3M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5157	+0.020%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5150	−0.027%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5139	−0.099%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0236%	1h	1.5162	+0.053%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5132	−0.143%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5153	−0.006%	$517K	$777K	10x	as long as short
Hyperliquid XRP	+0.0376%	1h	1.5165	+0.073%	$290.9M	$255.8M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5110	−0.290%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0635%	1h	1.5143	−0.073%	$2K	$15K	10x	as long as short