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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: KuCoin against dYdX−0.108%62s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$930.926% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.122%+$12 on $10k
Price spread, last 7 days+0.081%+$8 · spread now −0.108%, 7d avg +0.005%
Together, before fees+0.203%+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.113% cheaper against dYdX than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.005%). If the spread goes back, that is −$11 on $10k: about 3.8 days of funding at the current rate (+$3 a day). The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XRP-USD1.51510get 0.0000% / 1h39m 44s$1.1M$148K10x
ShortKuCoin XRPUSDTM1.51350.0100get 0.0100% / 8h1h 39m$107.0M$182.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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
$21
Price spread: −0.108% → +0.005%
−$11.33
Slippage, 4 orders
−$70.6
Fee dYdX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$82.93
Costs to cover
0.926%
Break-even
34.6 days
Slippage from dYdX: live order book, 4 min ago; KuCoin: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 4 min ago16.87 bp44.3 bp −$4444.4 bp −$44465.6 bp −$6,556148.9 bp −$74.5K
Sell KuCoin live order book, 9 min ago0.30 bp10.2 bp −$1012.0 bp −$12041.9 bp −$4,193doesn't fit

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%1h1.5157+0.037%$5K$3K20xas long as short
dYdX XRP-USDlong0.0000%1h1.5151long leg$1.1M$148K10x
Phoenix XRP0.0000%1h1.5150−0.009%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5140−0.078%$245K150xas long as short
Kraken Futures PF_XRPUSD+0.0025%1h1.5138−0.088%$14.4M$75.4M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.697%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0080%1h1.5159+0.050%$8K$8K10xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5140−0.075%$7.7M$24.9M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0081% / S −0.0029%1h1.5142−0.059%$799K200xas long as short
Lighter XRP+0.0096%1h1.5135−0.108%$2.8M$15.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5136−0.102%$544K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5150−0.009%$13K$368K20xas long as short
Nado XRP-PERP+0.0100%1h1.5153+0.014%$988K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5134−0.115%$38.5M$87.6M100xas long as short
Pacifica XRP+0.0100%1h1.5135−0.106%$615K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5136−0.102%$529.5M$2.23B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5133−0.122%$344.8M$969.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5134−0.115%$127.1M$887.5M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5151−0.003%$564K$32K5xas long as short
Arcus XRP-USD+0.0100%1h1.5142−0.062%$143K$720K20xas long as short
Bulk XRP-USD+0.0100%1h1.5145−0.042%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5133−0.122%$372.3M$159.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5137−0.095%$298.1M$921.7M300xas long as short
KuCoin XRPUSDTMshort+0.0100%8h1.5135−0.108%$107.0M$182.0M75x
Bitget XRPUSDT+0.0100%8h1.5132−0.128%$267.0M$398.4M125xas long as short
BingX XRP-USDC+0.0100%8h1.5131−0.135%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5148−0.024%$4.7M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5135−0.108%$657K$114.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5145−0.044%$1.1M$36.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5147−0.029%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5155+0.023%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5152+0.004%$47K$491K20xas long as short
Bullet XRP-USD+0.0100%1h1.5145−0.040%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5137−0.095%$65K$774K50xas long as short
Derive XRP-PERP+0.0100%1h1.5137−0.095%$814K$73K10xas long as short
SunX XRP-USDT+0.0100%8h1.5145−0.042%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5135−0.108%$29K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5140−0.075%$49.5M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5135−0.108%$54.1M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5142−0.065%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5129−0.146%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5136−0.102%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0157%1h1.5143−0.056%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0160%1h1.5151−0.002%$17K$79K7xas long as short
Hyperliquid XRP+0.0166%1h1.5146−0.033%$287.9M$264.5M20xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5145−0.042%$5.7M$48.3M50xas long as short
Kalshi KXXRPPERP+0.0213%8h1.5161+0.063%$1.8M$35.3M2.9xas long as short
Reya XRPRUSDPERP+0.0219%1h1.5143−0.054%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5151−0.003%$23.6M$77.9M125xas long as short
RISEx XRP/USDC+0.0316%1h1.5139−0.080%$522K$797K10xas long as short
Aftermath Perps XRPUSD+0.0566%1h1.5157+0.035%$2K$16K10xas long as short