Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0356%/8h= +39.0% APRpaid last 24h +0.109%

Price spread now: RISEx against KuCoin+0.114%7-day average +0.038% · 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−$21as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.312%+$31 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.114%, 7d avg +0.038%

Together, before fees+0.230%+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and RISEx is 0.076% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5215	0.0100	pay 0.0100% / 8h	6h 59m	$109.1M	$168.1M	75x
Short	RISEx XRP/USDC	1.5232	0.0456	get 0.0057% / 1h	59m 05s	$538K	$777K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.114%Rate

Funding earned: $74.83
Price spread: +0.114% → +0.038%: $7.57
Slippage, 4 orders: −$10.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $54.25
Costs to cover: 0.282%
Break-even: 1.9 days

Slippage from KuCoin: live order book, 5 min ago; RISEx: 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, 5 min ago	0.88 bp	10.4 bp −$10	13.6 bp −$136	31.3 bp −$3,126	doesn't fit
Sell RISEx live order book, 10 min ago	1.01 bp	4.0 bp −$4	11.1 bp −$111	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	1.5220	+0.034%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5216	+0.008%	$1.1M	$116K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5219	+0.027%	$255K	—	150x	as long as short
01 Exchange XRPUSD	+0.0008%	1h	1.5231	+0.106%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0070%	1h	1.5220	+0.036%	$834K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.268%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5219	+0.029%	$14.3M	$70.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5221	+0.040%	$57K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5220	+0.034%	$9.2M	$24.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5222	+0.046%	$2.8M	$13.9M	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	1.5225	+0.066%	$508K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5223	+0.053%	$9K	$283K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5226	+0.076%	$475K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5227	+0.078%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5216	+0.006%	$38.4M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5226	+0.071%	$618K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5223	+0.051%	$536.8M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5219	+0.027%	$339.2M	$923.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5219	+0.027%	$122.7M	$865.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5190	−0.164%	$567K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5230	+0.099%	$115K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.886%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5218	+0.020%	$367.4M	$146.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5223	+0.053%	$297.6M	$885.7M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5215	long leg	$109.1M	$168.1M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5221	+0.040%	$266.6M	$377.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5219	+0.027%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5216	+0.006%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5260	+0.295%	$663K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5199	−0.102%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.244%	$1.2M	$999K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5219	+0.029%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5226	+0.073%	$44K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5224	+0.060%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5226	+0.076%	$820K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5232	+0.109%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5222	+0.047%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5217	+0.015%	$49.9M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5221	+0.040%	$54.0M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5216	+0.007%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5215	+0.001%	$58K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5218	+0.022%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5223	+0.053%	$5.7M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	+0.073%	$24.1M	$74.0M	125x	as long as short
Hyperliquid XRP	+0.0251%	1h	1.5230	+0.100%	$283.9M	$219.3M	20x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5213	−0.010%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0322%	8h	1.5223	+0.053%	$2.0M	$34.9M	2.9x	as long as short
RISEx XRP/USDCshort	+0.0456%	1h	1.5232	+0.114%	$538K	$777K	10x
Phoenix XRP	+0.0520%	1h	1.5240	+0.165%	$68K	$110K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0623%	1h	1.5230	+0.099%	$1.9M	$1.3M	25x	as long as short
Aftermath Perps XRPUSD	+0.0844%	1h	1.5269	+0.356%	$2K	$13K	10x	as long as short