Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.013%

Price spread now: KuCoin against 01 Exchange+0.070%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and KuCoin is 0.070% dearer against 01 Exchange than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5356	0.0088	pay 0.0011% / 1h	24m 00s	$8K	$8K	10x
Short	KuCoin XRPUSDTM	1.5367	0.0100	get 0.0100% / 8h	7h 24m	$109.0M	$165.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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 01 ExchangebpFee KuCoinbpOrdersPrice spread, now +0.070%Rate

Funding earned: $2.52
Price spread: +0.070% → 0.000%: $7.03
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$9.45
Costs to cover: 0.190%
Break-even: 33.2 days

Slippage unknown: 01 Exchange: no order-book sample; KuCoin: live order book, 5 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	0.59 bp	9.9 bp −$10	12.8 bp −$128	doesn't fit	doesn't fit

01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5368	+0.078%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5365	+0.061%	$1.1M	$112K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5366	+0.065%	$9.3M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5366	+0.063%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0015% / S +0.0078%	1h	1.5366	+0.062%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.328%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5367	+0.072%	$58K	$935K	50x	as long as short
01 Exchange XRPUSDlong	+0.0088%	1h	1.5356	long leg	$8K	$8K	10x
Lighter XRP	+0.0096%	1h	1.5362	+0.042%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5367	+0.072%	$516K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5360	+0.026%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5371	+0.096%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5368	+0.081%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5365	+0.057%	$38.8M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5368	+0.079%	$622K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5356	−0.001%	$542.1M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5355	−0.007%	$342.6M	$919.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5353	−0.020%	$124.9M	$868.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.260%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5365	+0.059%	$118K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.141%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5361	+0.033%	$375.4M	$150.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5360	+0.026%	$313.9M	$905.8M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5367	+0.070%	$109.0M	$165.6M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5353	−0.020%	$268.7M	$374.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5361	+0.033%	—	$123.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5352	−0.026%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5338	−0.115%	$666K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	−0.142%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5350	−0.039%	$1.2M	$996K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5367	+0.072%	$49K	$442K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5366	+0.066%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5371	+0.095%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5368	+0.077%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5362	+0.039%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5371	+0.100%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5361	+0.033%	$54.6M	$29.6M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5362	+0.038%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5350	−0.038%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5364	+0.050%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5360	+0.028%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5369	+0.085%	$24.1M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5369	+0.085%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5362	+0.036%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0299%	1h	1.5369	+0.085%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5373	+0.111%	$2.0M	$34.7M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5367	+0.072%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0388%	1h	1.5374	+0.117%	$290.1M	$214.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	−0.039%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0796%	1h	1.5348	−0.052%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5366	+0.065%	$544K	$772K	10x	as long as short