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Funding arb · Price arb /

XRP

all XRP markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

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: Phemex against KuCoin0.000%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$400.397% of the position
Long on KuCoinShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 4 days (all we have)−0.055%−$5 · spread now 0.000%, 7d avg −0.009%
Together, before fees−0.032%−$3 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XRPUSDTM1.51720.0100pay 0.0100% / 8h5m 44s$106.7M$183.1M75x
ShortPhemex XRPUSDT1.51720.0100get 0.0100% / 8h5m 44s$54.1M$32.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex 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

Funding earned
$0
Price spread: 0.000% → −0.009%
$0.92
Slippage, 4 orders
−$15.7
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$38.78
Costs to cover
0.397%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Phemex: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago0.03 bp9.7 bp −$1012.2 bp −$122doesn't fitdoesn't fit
Sell Phemex live order book, 3 min ago1.98 bp10.6 bp −$1112.1 bp −$12124.0 bp −$2,398doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5179+0.046%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5179+0.047%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5173+0.005%$246K—150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5179+0.046%$7.7M$24.0M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.557%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5169−0.020%$14.6M$73.6M50xas long as short
Hibachi XRP/USDT-P+0.0088%1h1.5186+0.090%$17K$78K7xas long as short
Lighter XRP+0.0096%1h1.5169−0.020%$2.8M$15.2M20xas long as short
Lighter RH XRP+0.0096%1h1.5174+0.013%$604K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5180+0.053%$20K$382K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5175+0.023%$996K$6.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5179+0.048%$38.5M$86.1M100xas long as short
Pacifica XRP+0.0100%1h1.5181+0.061%$611K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5179+0.048%$529.7M$2.21B100xas long as short
Bybit XRPUSDT+0.0100%8h1.51720.000%$349.8M$947.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5174+0.013%$127.5M$862.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.51720.000%$565K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5187+0.099%$144K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5189+0.112%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.5177+0.033%$378.0M$162.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5180+0.053%$309.6M$930.3M300xas long as short
KuCoin XRPUSDTMlong+0.0100%8h1.5172long leg$106.7M$183.1M75x
Bitget XRPUSDT+0.0100%8h1.5177+0.033%$269.1M$388.5M125xas long as short
BingX XRP-USDC+0.0100%8h1.5174+0.013%—$4.2M—as long as short
Variational Omni XRP+0.0100%8h1.5165−0.043%$4.8M$38.7M—as long as short
edgeX XRPUSDC+0.0100%4h1.5164−0.055%$660K$113.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.51720.000%$1.1M$34.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5168−0.026%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5180+0.053%—$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5176+0.026%$52K$514K20xas long as short
Bullet XRP-USD+0.0100%1h1.5174+0.015%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5177+0.033%$77K$689K50xas long as short
Derive XRP-PERP+0.0100%1h1.5185+0.083%$817K$77K10xas long as short
SunX XRP-USDT+0.0100%8h1.5185+0.088%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5174+0.013%$29K$1.5M10xas long as short
HTX XRP-USDT+0.0100%8h1.5180+0.051%$49.6M$15.3M75xas long as short
Phemex XRPUSDTshort+0.0100%8h1.51720.000%$54.1M$32.7M50x
Paradex XRP-USD-PERP+0.0100%8h1.5181+0.058%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5175+0.019%$2.1M$6.9M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5184+0.079%$8K$2K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5174+0.012%$58K$25K3xas long as short
GMX XRP/USD [ETH-USDC]L +0.0109% / S −0.0072%1h1.5169−0.022%$784K—200xas long as short
Hyperliquid XRP+0.0145%1h1.5190+0.119%$290.0M$268.1M20xas long as short
Kalshi KXXRPPERP+0.0164%8h1.5187+0.099%$1.8M$33.7M2.9xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5176+0.026%$5.6M$47.9M50xas long as short
Backpack XRP_USDC_PERP+0.0181%1h1.5179+0.046%$2.0M$1.4M25xas long as short
BloFin XRP-USDT+0.0220%8h1.5179+0.046%$23.6M$77.7M125xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5170−0.016%$1.3M$4K15xas long as short
RISEx XRP/USDC+0.0394%1h1.5187+0.098%$521K$798K10xas long as short
Phoenix XRP+0.0526%1h1.5170−0.013%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0574%1h1.5179+0.044%$2K$16K10xas long as short