Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against KuCoin+0.059%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$610.608% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 7 days−0.168%−$17 · spread now +0.059%, 7d avg −0.009%

Together, before fees−0.290%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.068% dearer against KuCoin than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.009%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5148	0.0100	pay 0.0100% / 8h	32m 06s	$106.2M	$184.0M	75x
Short	dYdX XRP-USD	1.5157	0	get 0.0000% / 1h	32m 06s	$1.1M	$148K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$21
Price spread: +0.059% → −0.009%: $6.82
Slippage, 4 orders: −$38.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$74.93
Costs to cover: 0.608%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; dYdX: 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	7.6 bp −$8	9.5 bp −$95	doesn't fit	doesn't fit
Sell dYdX live order book, 2 min ago	17.81 bp	22.8 bp −$23	22.8 bp −$228	28.7 bp −$2,869	81.5 bp −$40.8K

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	1.5172	+0.158%	$5K	$3K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5157	+0.059%	$1.1M	$148K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5166	+0.118%	$245K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5152	+0.026%	$7.8M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.720%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5148	−0.002%	$14.6M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5149	+0.009%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5151	+0.020%	$603K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5155	+0.046%	$8K	$2K	10x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5151	+0.020%	$20K	$383K	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	1.5147	−0.010%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5168	+0.132%	$38.4M	$86.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5161	+0.087%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5171	+0.152%	$530.8M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5168	+0.132%	$349.6M	$955.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5171	+0.152%	$127.7M	$869.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5156	+0.053%	$564K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5160	+0.079%	$143K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.277%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5153	+0.033%	$377.3M	$161.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5154	+0.040%	$308.9M	$924.2M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5148	long leg	$106.2M	$184.0M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5162	+0.092%	$268.0M	$390.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5156	+0.053%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5150	+0.010%	$4.9M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5179	+0.204%	$659K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5145	−0.020%	$1.1M	$34.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5139	−0.059%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5157	+0.058%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5151	+0.020%	$52K	$513K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5148	0.000%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5150	+0.013%	$77K	$688K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	+0.016%	$815K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5157	+0.063%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5147	−0.007%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5150	+0.015%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5154	+0.040%	$54.1M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5154	+0.041%	$472K	$55K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0103% / S −0.0063%	1h	1.5152	+0.029%	$782K	—	200x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5144	−0.026%	$2.1M	$6.9M	50x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5168	+0.133%	$17K	$78K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5145	−0.020%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0125%	1h	1.5169	+0.139%	$289.4M	$268.0M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0147%	1h	1.5170	+0.145%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5150	+0.013%	$5.6M	$48.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0186%	8h	1.5158	+0.066%	$1.8M	$34.4M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5143	−0.033%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5173	+0.165%	$23.6M	$77.8M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5157	+0.058%	$521K	$806K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5150	+0.013%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0644%	1h	1.5180	+0.211%	$2K	$16K	10x	as long as short