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 HTX−0.044%7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 3 days (all we have)+0.158%+$16 · spread now −0.044%, 7d avg +0.054%

Together, before fees+0.059%+$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 0.098% cheaper against HTX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5202	0.0100	pay 0.0100% / 8h	6h 57m	$49.8M	$15.4M	75x
Short	KuCoin XRPUSDTM	1.5195	0.0100	get 0.0100% / 8h	6h 57m	$109.1M	$168.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.054%: −$9.83
Slippage, 4 orders: −$16.04
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$49.87
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; KuCoin: live order book, 6 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 HTX live order book, 1 min ago	0.03 bp	10.5 bp −$10	14.8 bp −$148	49.3 bp −$4,932	doesn't fit
Sell KuCoin live order book, 6 min ago	0.88 bp	9.7 bp −$10	14.7 bp −$147	35.8 bp −$3,583	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	1.5181	−0.139%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5196	−0.038%	$1.1M	$117K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5188	−0.093%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0069%	1h	1.5194	−0.056%	$834K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.354%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5194	−0.056%	$14.2M	$70.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0066%	8h	1.5198	−0.028%	$57K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5214	+0.078%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5203	+0.005%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5206	+0.025%	$508K	$3.2M	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	1.5189	−0.087%	$11K	$288K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5220	+0.117%	$923K	$5.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5201	−0.009%	$38.4M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5203	+0.003%	$617K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5203	+0.005%	$536.1M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5209	+0.045%	$339.3M	$924.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5209	+0.045%	$122.7M	$866.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5176	−0.172%	$567K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5204	+0.012%	$115K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.005%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5204	+0.012%	$367.7M	$147.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5209	+0.045%	$297.2M	$887.3M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5195	−0.044%	$109.1M	$168.9M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5208	+0.038%	$266.5M	$378.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5203	+0.005%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5216	+0.090%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5260	+0.379%	$663K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5199	−0.019%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.328%	$1.2M	$999K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5213	+0.070%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5215	+0.084%	$44K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5203	+0.008%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5195	−0.044%	$818K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5205	+0.015%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5196	−0.041%	$29K	$1.8M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5202	long leg	$49.8M	$15.4M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5196	−0.041%	$53.9M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5211	+0.058%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5200	−0.016%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5198	−0.029%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0145%	1h	1.5198	−0.028%	$9.2M	$24.6M	50x	as long as short
Hyperliquid XRP	+0.0192%	1h	1.5211	+0.058%	$283.1M	$220.2M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5211	+0.060%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5197	−0.034%	$5.7M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	+0.157%	$24.1M	$74.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5221	+0.124%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0324%	8h	1.5201	−0.008%	$2.0M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5200	−0.014%	$537K	$777K	10x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	+0.249%	$68K	$110K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0522%	1h	1.5212	+0.064%	$1.9M	$1.3M	25x	as long as short
Aftermath Perps XRPUSD	+0.0827%	1h	1.5257	+0.362%	$2K	$13K	10x	as long as short