Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against KuCoin+0.031%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.333%+$33 · spread now +0.031%, 7d avg +0.017%

Together, before fees+0.342%+$34 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5167	0.0100	pay 0.0100% / 8h	3h 42m	$108.8M	$176.9M	75x
Short	Polymarket Perps XRP-USD	1.5172	0.0100	get 0.0013% / 1h	42m 07s	$45K	$476K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.017%: $1.41
Slippage, 4 orders: −$13.11
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$31.7
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Polymarket Perps: live order book, 10 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, 2 min ago	0.03 bp	7.7 bp −$8	10.1 bp −$101	25.5 bp −$2,552	doesn't fit
Sell Polymarket Perps live order book, 10 min ago	1.64 bp	8.6 bp −$9	10.6 bp −$106	doesn't fit	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	1.5203	+0.235%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5180	+0.085%	$1.1M	$111K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5166	−0.009%	$7.8M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5165	−0.016%	$261K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5164	−0.024%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.589%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0013%	1h	1.5164	−0.021%	$778K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5170	+0.017%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5170	+0.018%	$497K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5171	+0.024%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5164	−0.022%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5170	+0.019%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5168	+0.002%	$38.3M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5181	+0.092%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5167	−0.002%	$532.8M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5170	+0.018%	$345.6M	$942.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5170	+0.018%	$126.9M	$886.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	+0.169%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5172	+0.031%	$118K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.236%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5165	−0.015%	$370.5M	$154.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5166	−0.009%	$291.9M	$900.2M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5167	long leg	$108.8M	$176.9M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5164	−0.022%	$268.7M	$388.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5162	−0.035%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5202	+0.228%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5212	+0.296%	$661K	$109.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	+0.222%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	+0.209%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5179	+0.078%	—	$11K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5172	+0.031%	$45K	$476K	20x
Bullet XRP-USD	+0.0100%	1h	1.5168	+0.002%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5167	+0.001%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5172	+0.034%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5164	−0.022%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5164	−0.022%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5166	−0.009%	$54.1M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5168	+0.005%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5162	−0.034%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5164	−0.025%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5176	+0.057%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5172	+0.031%	$5.6M	$47.5M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5169	+0.013%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5206	+0.255%	$24.1M	$76.1M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5210	+0.280%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0285%	1h	1.5175	+0.051%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0296%	8h	1.5189	+0.143%	$2.0M	$35.1M	2.9x	as long as short
Hyperliquid XRP	+0.0310%	1h	1.5182	+0.097%	$291.9M	$235.3M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5174	+0.043%	$517K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5210	+0.282%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0664%	1h	1.5198	+0.201%	$2K	$15K	10x	as long as short