Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against KuCoin+0.001%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$287as in the Price arb table

costs, in and out, $10k−$2882.881% of the position

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now +0.001%, 7d avg −0.012%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5140	0.0100	pay 0.0100% / 8h	4h 11m	$107.8M	$175.1M	75x
Short	gTrade (Gains Network) XRP/USD	1.5140	L +0.0003% / S −0.0004%	get 0.0001% / 1h	11m 11s	$253K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.001%Rate

Funding earned: −$20.13
Price spread: +0.001% → −0.012%: $1.37
Slippage, 4 orders: −$266.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$306.91
Costs to cover: 2.881%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; gTrade (Gains Network): virtual book (oracle venue), 48 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, 8 min ago	0.03 bp	8.6 bp −$9	10.5 bp −$105	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 48 min ago	130.03 bp	135.0 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	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	1.5148	+0.055%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5134	−0.035%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5145	+0.032%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.068%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5140	+0.001%	$253K	—	150x
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5139	−0.005%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.776%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0045% / S +0.0022%	1h	1.5140	+0.005%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0090%	8h	1.5139	−0.005%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5138	−0.014%	$2.8M	$14.6M	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	1.5143	+0.022%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5143	+0.022%	$11K	$329K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5143	+0.025%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5146	+0.042%	$280.3M	$227.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5141	+0.007%	$38.3M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5148	+0.052%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5135	−0.031%	$533.3M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5134	−0.038%	$346.5M	$936.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5136	−0.024%	$126.4M	$874.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5142	+0.015%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5150	+0.068%	$110K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5130	−0.061%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5132	−0.051%	$368.9M	$154.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5132	−0.051%	$294.2M	$902.7M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5140	long leg	$107.8M	$175.1M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5133	−0.044%	$267.8M	$384.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5135	−0.031%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	−0.007%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	+0.010%	$658K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5137	−0.020%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5155	+0.101%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5143	+0.019%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5146	+0.042%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5144	+0.028%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5139	−0.006%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5144	+0.031%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5138	−0.011%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5137	−0.018%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5138	−0.011%	$53.9M	$30.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5142	+0.015%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5135	−0.029%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5136	−0.024%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5149	+0.061%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0187%	1h	1.5144	+0.028%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5142	+0.015%	$5.6M	$47.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5144	+0.027%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5139	−0.004%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5137	−0.018%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5149	+0.061%	$2.1M	$34.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5151	+0.075%	$516K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0681%	1h	1.5150	+0.067%	$2K	$15K	10x	as long as short