Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.120%

Price spread now: KuCoin against RISEx+0.012%7-day average −0.037% · 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−$260.260% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.334%−$33 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.012%, 7d avg −0.037%

Together, before fees−0.385%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.049% dearer against RISEx than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.037%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5127	0.0352	pay 0.0044% / 1h	34m 29s	$515K	$778K	10x
Short	KuCoin XRPUSDTM	1.5128	0.0100	get 0.0100% / 8h	4h 34m	$107.7M	$174.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against RISEx. 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 RISExbpFee KuCoinbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$52.93
Price spread: +0.012% → −0.037%: $4.89
Slippage, 4 orders: −$7.95
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$73.99
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from RISEx: live order book, 24 min ago; KuCoin: live order book, 5 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 RISEx live order book, 24 min ago	1.42 bp	4.4 bp −$4	9.2 bp −$92	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.03 bp	7.2 bp −$7	9.9 bp −$99	34.7 bp −$3,471	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	1.5122	−0.031%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5133	+0.042%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5118	−0.059%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.220%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5129	+0.012%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.865%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0040% / S +0.0029%	1h	1.5130	+0.020%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5127	+0.002%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5136	+0.062%	$7.7M	$25.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0082%	8h	1.5133	+0.042%	$62K	$934K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5120	−0.044%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5127	+0.002%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5119	−0.051%	$9K	$324K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5132	+0.039%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5142	+0.101%	$281.1M	$225.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5120	−0.044%	$38.2M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5118	−0.054%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5130	+0.022%	$533.5M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5131	+0.029%	$344.4M	$932.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5133	+0.042%	$125.8M	$873.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5140	+0.088%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5124	−0.018%	$110K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5115	−0.074%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5122	−0.031%	$368.7M	$153.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5132	+0.035%	$289.3M	$898.2M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5128	+0.012%	$107.7M	$174.0M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5131	+0.029%	$267.6M	$384.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5130	+0.022%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5103	−0.157%	$5.4M	$37.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5150	+0.154%	$659K	$108.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5145	+0.121%	$1.1M	$35.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5142	+0.101%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	+0.024%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5132	+0.035%	$44K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5129	+0.018%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5133	+0.042%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5145	+0.123%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5133	+0.042%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5121	−0.035%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5135	+0.055%	$54.0M	$30.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5122	−0.029%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5117	−0.066%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5131	+0.028%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0160%	1h	1.5108	−0.126%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0161%	1h	1.5143	+0.108%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5139	+0.082%	$5.6M	$47.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5130	+0.023%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5134	+0.049%	$24.1M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5135	+0.055%	$2.1M	$34.5M	2.9x	as long as short
RISEx XRP/USDClong	+0.0352%	1h	1.5127	long leg	$515K	$778K	10x
Aftermath Perps XRPUSD	+0.0648%	1h	1.5140	+0.090%	$2K	$15K	10x	as long as short