Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.009%
Price spread now: KuCoin against Orderly−0.175%7-day average +0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 3 days (all we have)+0.240%+$24 · spread now −0.175%, 7d avg +0.017%
Together, before fees+0.257%+$26 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.191% cheaper against Orderly than usual: you would sell low and buy high (spread −0.175% now, against its 7-day average of +0.017%). If the spread goes back, that is −$19 on $10k: about 17 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.016% in total) that is about 3 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_XRP_USDC1.53400.0063pay 0.0063% / 8h7h 21m$58K$935K50x
ShortKuCoin XRPUSDTM1.53130.0100get 0.0100% / 8h7h 21m$108.5M$165.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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
$7.84
Price spread: −0.175% → +0.017%
−$19.13
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$29.28
Costs to cover
0.180%
Break-even
33.1 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell KuCoin live order book, 3 min ago0.03 bp10.2 bp −$1014.0 bp −$14034.1 bp −$3,409doesn't fit
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h1.5345+0.033%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5310−0.196%$1.1M$112K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5341+0.005%$257K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0011%1h1.5341+0.007%$9.3M$25.1M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0015% / S +0.0077%1h1.5340+0.002%$841K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.434%$2K$107K30xas long as short
Orderly PERP_XRP_USDClong+0.0063%8h1.5340long leg$58K$935K50x
01 Exchange XRPUSD+0.0080%1h1.5303−0.241%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5317−0.152%$2.8M$14.0M20xas long as short
Lighter RH XRP+0.0096%1h1.5319−0.137%$515K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5310−0.196%$10K$279K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5311−0.186%$477K$55K50xas long as short
Nado XRP-PERP+0.0100%1h1.5313−0.173%$997K$5.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5313−0.176%$38.7M$83.5M100xas long as short
Pacifica XRP+0.0100%1h1.5316−0.154%$620K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5306−0.222%$540.3M$2.05B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5309−0.202%$341.6M$920.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5309−0.202%$124.6M$866.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5322−0.117%$571K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5313−0.176%$118K$710K20xas long as short
Bulk XRP-USD+0.0100%1h1.5334−0.037%$1.7M$381K20xas long as short
Gate XRP_USDT+0.0100%8h1.5308−0.209%$374.7M$150.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5310−0.196%$308.8M$907.6M300xas long as short
KuCoin XRPUSDTMshort+0.0100%8h1.5313−0.175%$108.5M$165.8M75x
Bitget XRPUSDT+0.0100%8h1.5312−0.183%$268.1M$375.1M125xas long as short
BingX XRP-USDC+0.0100%8h1.5307−0.215%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5352+0.078%$6.3M$35.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5358+0.117%$667K$107.4M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5372+0.209%$1.1M$38.1M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5371+0.202%$1.2M$996K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5312−0.183%$49K$444K20xas long as short
Bullet XRP-USD+0.0100%1h1.5345+0.035%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5341+0.008%$826K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5348+0.051%$129K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5337−0.020%$29K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5351+0.070%$50.3M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5337−0.020%$54.5M$29.6M50xas long as short
Vest XRP-PERP+0.0100%1h1.5317−0.152%$9K10xas long as short
Extended XRP-USD+0.0104%1h1.5304−0.235%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5338−0.012%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5309−0.200%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5354+0.091%$24.1M$73.7M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5344+0.026%$5.8M$46.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0244%1h1.5336−0.027%$14.6M$70.2M50xas long as short
Backpack XRP_USDC_PERP+0.0292%1h1.53400.000%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0312%8h1.5359+0.124%$2.1M$34.8M2.9xas long as short
Hibachi XRP/USDT-P+0.0320%1h1.5363+0.147%$17K$81K7xas long as short
Hyperliquid XRP+0.0384%1h1.5327−0.085%$288.9M$214.6M20xas long as short
Phoenix XRP+0.0520%1h1.5350+0.065%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0791%1h1.5348+0.051%$2K$12K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5316−0.158%$542K$773K10xas long as short