Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.017%

Price spread now: Bitget against Kraken Futures+0.080%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.080%, 7d avg −0.003%

Together, before fees−0.119%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.084% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.003%. Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5168	0.0078	pay 0.0010% / 1h	37m 11s	$14.5M	$73.8M	50x
Short	Bitget XRPUSDT	1.5180	0.0100	get 0.0100% / 8h	37m 11s	$268.2M	$391.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now +0.080%Rate

Funding earned: $4.6
Price spread: +0.080% → −0.003%: $8.37
Slippage, 4 orders: −$6.89
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.92
Costs to cover: 0.289%
Break-even: 31.2 days

Slippage from Kraken Futures: live order book, 2 min ago; Bitget: live order book, 2 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 Kraken Futures live order book, 2 min ago	1.32 bp	6.3 bp −$6	10.4 bp −$104	19.2 bp −$1,922	41.7 bp −$20.8K
Sell Bitget live order book, 2 min ago	0.33 bp	6.3 bp −$6	8.6 bp −$86	17.6 bp −$1,756	28.3 bp −$14.1K

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	1.5190	+0.146%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5182	+0.090%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5174	+0.041%	$245K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5172	+0.028%	$7.8M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.586%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0078%	1h	1.5168	long leg	$14.5M	$73.8M	50x
Lighter XRP	+0.0096%	1h	1.5167	−0.005%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5172	+0.028%	$603K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5172	+0.028%	$17K	$380K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5176	+0.056%	$1.0M	$6.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5181	+0.087%	$38.4M	$86.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5190	+0.145%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5177	+0.063%	$531.7M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5175	+0.047%	$349.6M	$955.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5189	+0.140%	$127.9M	$869.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5224	+0.370%	$567K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5187	+0.126%	$144K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.146%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5178	+0.067%	$378.3M	$160.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5167	−0.005%	$314.1M	$921.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5169	+0.007%	$106.3M	$183.8M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5180	+0.080%	$268.2M	$391.0M	125x
BingX XRP-USDC	+0.0100%	8h	1.5178	+0.067%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5226	+0.381%	$5.0M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5205	+0.246%	$660K	$113.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5210	+0.278%	$1.1M	$35.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5239	+0.469%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5187	+0.123%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5178	+0.067%	$51K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5177	+0.058%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5174	+0.041%	$77K	$688K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5195	+0.182%	$817K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5183	+0.102%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5168	+0.001%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5166	−0.014%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5169	+0.008%	$54.2M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5194	+0.176%	$474K	$55K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0101% / S −0.0061%	1h	1.5174	+0.040%	$783K	—	200x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5164	−0.022%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5175	+0.047%	$8K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5194	+0.170%	$17K	$78K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5169	+0.009%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0133%	1h	1.5181	+0.087%	$289.6M	$267.7M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0151%	1h	1.5186	+0.120%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5176	+0.054%	$5.6M	$48.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0195%	8h	1.5187	+0.126%	$1.8M	$34.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5175	+0.048%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5169	+0.008%	$23.5M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5183	+0.102%	$521K	$807K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5230	+0.410%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0645%	1h	1.5216	+0.319%	$2K	$16K	10x	as long as short