Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Derive−0.075%7-day average +0.010% · you buy dearer than you sell

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

Long on Derive Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.075%, 7d avg +0.010%

Together, before fees+0.134%+$13 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 0.084% cheaper against Derive than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.5168	0.0100	pay 0.0013% / 1h	18m 19s	$816K	$72K	10x
Short	KuCoin XRPUSDTM	1.5156	0.0100	get 0.0100% / 8h	3h 18m	$109.2M	$178.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Derive. 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 DerivebpFee KuCoinbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → +0.010%: −$8.41
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$26.41
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; KuCoin: live order book, 6 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 Derive no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	0.03 bp	8.9 bp −$9	11.6 bp −$116	34.6 bp −$3,456	doesn't fit

Derive: 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	1.5188	+0.135%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5148	−0.129%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5167	−0.002%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5173	+0.036%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5170	+0.017%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.588%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5167	−0.002%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5174	+0.043%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5174	+0.043%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5156	−0.076%	$9K	$351K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5151	−0.106%	$983K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5167	−0.003%	$38.9M	$85.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5154	−0.087%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5168	+0.004%	$535.6M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5170	+0.016%	$345.3M	$945.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5172	+0.030%	$126.1M	$884.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5163	−0.030%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5159	−0.056%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−0.020%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5168	+0.003%	$372.4M	$156.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5166	−0.010%	$296.1M	$906.4M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5156	−0.075%	$109.2M	$178.0M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5168	+0.003%	$269.3M	$390.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5170	+0.016%	—	$127.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.127%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5180	+0.085%	$659K	$110.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5170	+0.016%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	+0.208%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5160	−0.050%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5170	+0.016%	$46K	$478K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5166	−0.009%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5166	−0.010%	$62K	$934K	50x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5168	long leg	$816K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5171	+0.024%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5167	−0.003%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5167	−0.004%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5171	+0.023%	$54.0M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5150	−0.118%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5164	−0.021%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5168	+0.002%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5161	−0.043%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5181	+0.089%	$5.8M	$48.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5159	−0.055%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5158	−0.063%	$24.2M	$75.7M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0254%	1h	1.5170	+0.016%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0264%	8h	1.5168	+0.003%	$1.9M	$35.2M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5155	−0.082%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5157	−0.067%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0410%	1h	1.5175	+0.049%	$298.1M	$251.3M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.148%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0650%	1h	1.5174	+0.045%	$2K	$15K	10x	as long as short