Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0177%/8h= +19.4% APRpaid last 24h −0.002%

Price spread now: Binance against Kraken Futures+0.004%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now +0.004%, 7d avg +0.002%

Together, before fees−0.042%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.114%, 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	Kraken Futures PF_XRPUSD	1.5293	−0.0077	get 0.0010% / 1h	44m 14s	$13.7M	$68.5M	50x
Short	Binance XRPUSDT	1.5294	0.0100	get 0.0100% / 8h	4h 44m	$532.1M	$2.02B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.004%Rate

Funding earned: $37.16
Price spread: +0.004% → +0.002%: $0.2
Slippage, 4 orders: −$10.74
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $6.62
Costs to cover: 0.307%
Break-even: 5.8 days

Slippage from Kraken Futures: live order book, 3 min ago; Binance: 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 Kraken Futures live order book, 3 min ago	0.33 bp	10.2 bp −$10	12.7 bp −$127	24.0 bp −$2,405	47.9 bp −$23.9K
Sell Binance live order book, 8 min ago	0.33 bp	5.3 bp −$5	6.0 bp −$60	11.6 bp −$1,159	33.1 bp −$16.6K

XRP on 51 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	1.5360	+0.435%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSDlong	−0.0077%	1h	1.5293	long leg	$13.7M	$68.5M	50x
dYdX XRP-USD	0.0000%	1h	1.5295	+0.010%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5290	−0.022%	$68K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5299	+0.036%	$7.6M	$19.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5295	+0.014%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.743%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5294	+0.004%	$9K	$987	10x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5292	−0.007%	$17K	$68K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5294	+0.004%	$2.7M	$13.5M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5300	+0.043%	$573K	$3.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5298	+0.030%	$5.5M	$41.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5291	−0.015%	$477K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5280	−0.088%	$10K	$412K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5290	−0.026%	$846K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5306	+0.082%	$297.6M	$261.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5294	+0.004%	$39.0M	$79.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5294	+0.004%	$590K	$978K	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5294	+0.004%	$532.1M	$2.02B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5296	+0.017%	$361.4M	$853.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5295	+0.010%	$123.7M	$817.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5259	−0.225%	$561K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5293	−0.003%	$161K	$692K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5288	−0.033%	$1.6M	$66K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5294	+0.004%	$375.8M	$157.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5296	+0.017%	$317.0M	$879.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5293	−0.001%	$104.0M	$180.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5294	+0.004%	$270.2M	$347.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5298	+0.030%	—	$94.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5263	−0.202%	$4.9M	$37.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5240	−0.347%	$662K	$105.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5289	−0.029%	$1.1M	$32.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5262	−0.205%	$1.2M	$1.2M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5292	−0.009%	$50K	$471K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5294	+0.007%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5297	+0.023%	$83K	$602K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5298	+0.033%	$823K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5295	+0.012%	$128K	$1.4M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5294	+0.004%	$30K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5288	−0.033%	$49.8M	$13.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5292	−0.009%	$54.6M	$33.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5294	+0.003%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5287	−0.040%	$2.2M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5286	−0.052%	$59K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0108%	8h	1.5299	+0.036%	$1.9M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0166%	1h	1.5306	+0.082%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5291	−0.016%	$23.8M	$77.3M	125x	as long as short
Reya XRPRUSDPERP	+0.0224%	1h	1.5286	−0.050%	$1.4M	$1K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0263% / S −0.0528%	1h	1.5295	+0.012%	$881K	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5296	+0.015%	$506K	$723K	10x	as long as short
Aftermath Perps XRPUSD	+0.0392%	1h	1.5291	−0.013%	$3K	$13K	10x	as long as short