Funding arb · Price arb /

XRP

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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: HTX against KuCoin−0.018%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.370%−$37 · spread now −0.018%, 7d avg −0.054%

Together, before fees−0.271%−$27 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: HTX is 0.036% dearer against KuCoin than usual: you sell high and buy low, +$4 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	KuCoin XRPUSDTM	1.5188	0.0100	pay 0.0100% / 8h	5h 24m	$109.1M	$171.7M	75x
Short	HTX XRP-USDT	1.5185	0.0100	get 0.0100% / 8h	5h 24m	$49.7M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.054%: $3.59
Slippage, 4 orders: −$13.17
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$33.58
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; HTX: live order book, 4 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, 4 min ago	0.53 bp	9.4 bp −$9	12.7 bp −$127	26.2 bp −$2,621	doesn't fit
Sell HTX live order book, 4 min ago	0.03 bp	10.4 bp −$10	11.9 bp −$119	31.3 bp −$3,134	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	1.5167	−0.139%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5191	+0.020%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5181	−0.045%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5187	−0.007%	$7.7M	$25.3M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.449%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0035% / S +0.0042%	1h	1.5181	−0.050%	$820K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5186	−0.014%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5185	−0.020%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5193	+0.029%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5194	+0.039%	$513K	$3.3M	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	1.5176	−0.080%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5181	−0.043%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5202	+0.092%	$281.8M	$221.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5192	+0.027%	$38.5M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5196	+0.052%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5194	+0.038%	$538.2M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5194	+0.039%	$345.0M	$927.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5195	+0.045%	$126.0M	$867.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	−0.113%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5189	+0.006%	$114K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.210%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5191	+0.019%	$370.0M	$152.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5192	+0.026%	$294.8M	$900.1M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5188	long leg	$109.1M	$171.7M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5191	+0.019%	$268.8M	$379.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5191	+0.019%	—	$126.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5159	−0.189%	$5.8M	$36.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5149	−0.260%	$658K	$107.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5155	−0.218%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5151	−0.244%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5180	−0.053%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5184	−0.027%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5183	−0.031%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5186	−0.013%	$817K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5190	+0.010%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5185	−0.020%	$28K	$1.7M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5185	−0.018%	$49.7M	$15.6M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5183	−0.034%	$54.0M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5189	+0.007%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5190	+0.010%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5185	−0.024%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5192	+0.026%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5182	−0.043%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5192	+0.026%	$5.6M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5182	−0.040%	$24.2M	$75.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5163	−0.164%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5183	−0.034%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0351%	8h	1.5181	−0.047%	$2.1M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5190	+0.011%	$517K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5180	−0.053%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0683%	1h	1.5176	−0.083%	$2K	$14K	10x	as long as short