Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance+0.041%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days−0.035%−$3 · spread now +0.041%, 7d avg +0.007%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.034% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5361	0.0100	pay 0.0100% / 8h	7h 24m	$542.3M	$2.05B	100x
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 Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.007%: $3.4
Slippage, 4 orders: −$7.01
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$25.62
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from Binance: live order book, 5 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 Binance live order book, 5 min ago	0.33 bp	5.3 bp −$5	7.0 bp −$70	12.4 bp −$1,243	26.9 bp −$13.4K
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

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	+0.049%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5365	+0.032%	$1.1M	$112K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5366	+0.036%	$9.3M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5366	+0.034%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0015% / S +0.0078%	1h	1.5366	+0.033%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.299%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5367	+0.042%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5356	−0.029%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5362	+0.012%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5367	+0.042%	$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	−0.003%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5371	+0.066%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5368	+0.052%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5365	+0.032%	$38.8M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5368	+0.049%	$622K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5361	long leg	$542.3M	$2.05B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5360	−0.003%	$342.7M	$919.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5359	−0.010%	$125.0M	$868.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.290%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5365	+0.029%	$118K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.170%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5369	+0.055%	$375.6M	$150.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5360	−0.003%	$313.9M	$905.8M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5367	+0.041%	$109.0M	$165.6M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5359	−0.010%	$268.8M	$374.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5363	+0.016%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5352	−0.056%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5338	−0.144%	$666K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	−0.171%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5350	−0.068%	$1.2M	$996K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5367	+0.042%	$49K	$442K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5366	+0.037%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5371	+0.066%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5368	+0.048%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5362	+0.010%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5371	+0.071%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5361	+0.003%	$54.6M	$29.6M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5362	+0.009%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5359	−0.010%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5364	+0.021%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5360	−0.001%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5369	+0.055%	$24.1M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5369	+0.055%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5362	+0.007%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0299%	1h	1.5369	+0.055%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5373	+0.081%	$2.0M	$34.7M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5367	+0.042%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0388%	1h	1.5375	+0.094%	$290.2M	$214.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	−0.068%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0796%	1h	1.5348	−0.081%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5366	+0.036%	$544K	$772K	10x	as long as short