Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: KuCoin against edgeX+0.161%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.161%, 7d avg +0.038%

Together, before fees−0.020%+ Points / potential airdropedgeX: Active · farm board−$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 0.122% dearer against edgeX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5164	0.0100	pay 0.0050% / 4h	8m 57s	$660K	$113.1M	30x
Short	KuCoin XRPUSDTM	1.5188	0.0100	get 0.0100% / 8h	8m 57s	$106.7M	$183.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → +0.038%: $12.25
Slippage, 4 orders: −$8.67
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$17.42
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; KuCoin: live order book, 10 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 edgeX live order book, 5 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.8 bp −$881	doesn't fit
Sell KuCoin live order book, 10 min ago	0.03 bp	9.4 bp −$9	13.7 bp −$137	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	1.5187	+0.154%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5185	+0.142%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5190	+0.173%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5190	+0.173%	$7.7M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.614%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5187	+0.154%	$14.6M	$73.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5194	+0.198%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5189	+0.166%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5193	+0.193%	$605K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5179	+0.101%	$20K	$382K	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	1.5190	+0.172%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5192	+0.184%	$38.6M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5188	+0.157%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5189	+0.168%	$529.9M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5185	+0.141%	$350.0M	$948.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5187	+0.154%	$127.4M	$863.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	+0.055%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5191	+0.180%	$144K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5178	+0.095%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5187	+0.154%	$378.3M	$162.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5190	+0.173%	$310.0M	$929.5M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5188	+0.161%	$106.7M	$183.2M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5189	+0.167%	$269.0M	$388.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5183	+0.127%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5163	−0.007%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5164	long leg	$660K	$113.1M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5172	+0.055%	$1.1M	$34.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5168	+0.028%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5193	+0.193%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5194	+0.200%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5191	+0.180%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5192	+0.187%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5189	+0.168%	$817K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5189	+0.169%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5187	+0.154%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5183	+0.125%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5190	+0.173%	$54.1M	$32.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5193	+0.196%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5185	+0.139%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5190	+0.173%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5188	+0.157%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0109% / S −0.0070%	1h	1.5190	+0.177%	$785K	—	200x	as long as short
Hyperliquid XRP	+0.0143%	1h	1.5200	+0.240%	$290.2M	$268.1M	20x	as long as short
Kalshi KXXRPPERP	+0.0166%	8h	1.5190	+0.173%	$1.8M	$33.7M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5189	+0.167%	$5.6M	$48.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0179%	1h	1.5200	+0.239%	$2.0M	$1.4M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5184	+0.134%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5189	+0.165%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5190	+0.173%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5170	+0.042%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0582%	1h	1.5176	+0.079%	$2K	$16K	10x	as long as short