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: Bitget against KuCoin−0.050%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.050%, 7d avg −0.005%

Together, before fees+0.083%+$8 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: Bitget is 0.045% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5095	0.0100	pay 0.0100% / 8h	2h 47m	$107.6M	$179.6M	75x
Short	Bitget XRPUSDT	1.5087	0.0100	get 0.0100% / 8h	2h 47m	$267.6M	$393.1M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → −0.005%: −$4.54
Slippage, 4 orders: −$6.98
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$35.52
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Bitget: live order book, 2 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 KuCoin live order book, 7 min ago	0.03 bp	9.0 bp −$9	11.6 bp −$116	30.0 bp −$2,997	doesn't fit
Sell Bitget live order book, 2 min ago	0.33 bp	7.1 bp −$7	9.6 bp −$96	20.8 bp −$2,082	26.6 bp −$13.3K

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	1.5113	+0.122%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5096	+0.008%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5107	+0.080%	$1.1M	$115K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5130	+0.235%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5096	+0.009%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5093	−0.011%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.083%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5104	+0.062%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5092	−0.017%	$792K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5092	−0.017%	$2.8M	$14.8M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5098	+0.023%	$496K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5097	+0.016%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5103	+0.059%	$938K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5101	+0.042%	$290.3M	$258.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5093	−0.011%	$38.7M	$86.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5110	+0.101%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5088	−0.044%	$530.8M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5091	−0.024%	$341.6M	$950.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5089	−0.037%	$125.3M	$887.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5111	+0.109%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5108	+0.089%	$137K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	+0.128%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5090	−0.030%	$371.6M	$155.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5088	−0.044%	$294.4M	$905.0M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5095	long leg	$107.6M	$179.6M	75x
Bitget XRPUSDTshort	+0.0100%	8h	1.5087	−0.050%	$267.6M	$393.1M	125x
BingX XRP-USDT	+0.0100%	8h	1.5089	−0.037%	—	$105.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5128	+0.220%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5105	+0.071%	$656K	$111.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5131	+0.240%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5124	+0.195%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5103	+0.054%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5099	+0.029%	$50K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5094	−0.006%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5094	−0.004%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5093	−0.013%	$812K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5111	+0.112%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5092	−0.017%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5093	−0.007%	$49.4M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5092	−0.017%	$53.8M	$31.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5104	+0.059%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5089	−0.035%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5091	−0.021%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0146%	8h	1.5100	+0.036%	$1.8M	$35.6M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5098	+0.023%	$5.6M	$48.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0188%	1h	1.5098	+0.023%	$2.0M	$1.4M	25x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5095	+0.004%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5097	+0.016%	$24.1M	$75.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5123	+0.185%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5107	+0.079%	$515K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0621%	1h	1.5116	+0.145%	$2K	$15K	10x	as long as short