Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against KuCoin+0.146%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days−0.134%−$13 · spread now +0.146%, 7d avg −0.004%

Together, before fees−0.100%−$10 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: Bitget is 0.150% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5677	0.0100	pay 0.0100% / 8h	1h 45m	$113.4M	$153.5M	75x
Short	Bitget XRPUSDT	1.5700	0.0100	get 0.0100% / 8h	1h 45m	$272.5M	$353.4M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.146%Rate

Funding earned: $0
Price spread: +0.146% → −0.004%: $15
Slippage, 4 orders: −$4.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$13.78
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, 4 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 KuCoin live order book, 4 min ago	0.03 bp	7.5 bp −$8	9.6 bp −$96	26.4 bp −$2,639	doesn't fit
Sell Bitget live order book, 4 min ago	0.32 bp	6.5 bp −$6	9.0 bp −$90	18.0 bp −$1,800	29.5 bp −$14.8K

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	1.5692	+0.095%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5691	+0.090%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5637	−0.253%	$262K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0006%	1h	1.5655	−0.141%	$9.6M	$24.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.469%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5645	−0.208%	$15.7M	$67.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5652	−0.160%	$82K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0080% / S +0.0144%	1h	1.5639	−0.246%	$925K	—	200x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5608	−0.444%	$19K	$73K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5677	−0.002%	$3.0M	$11.7M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5700	+0.146%	$461K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5695	+0.117%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5699	+0.140%	$40.0M	$75.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5690	+0.085%	$678K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5699	+0.140%	$569.6M	$1.92B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5702	+0.159%	$355.6M	$872.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5699	+0.140%	$129.2M	$872.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5615	−0.396%	$581K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5699	+0.140%	$121K	$724K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−0.957%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5695	+0.114%	$373.8M	$135.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5695	+0.114%	$292.2M	$825.1M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5677	long leg	$113.4M	$153.5M	75x
Bitget XRPUSDTshort	+0.0100%	8h	1.5700	+0.146%	$272.5M	$353.4M	125x
BingX XRP-USDT	+0.0100%	8h	1.5696	+0.121%	—	$115.3M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5524	−0.975%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5621	−0.356%	$678K	$98.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5635	−0.269%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5628	−0.313%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5683	+0.036%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5705	+0.178%	$49K	$443K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5639	−0.244%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5654	−0.147%	$843K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5652	−0.163%	$131K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5648	−0.186%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5636	−0.260%	$51.4M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5645	−0.205%	$55.7M	$28.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5696	+0.117%	$489K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5696	+0.121%	$12K	$248K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5693	+0.099%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5652	−0.161%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5703	+0.165%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5699	+0.138%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5656	−0.135%	$5.8M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5619	−0.371%	$24.6M	$71.9M	125x	as long as short
Kalshi KXXRPPERP	+0.0337%	8h	1.5643	−0.218%	$1.9M	$32.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0360%	1h	1.5656	−0.135%	$1.8M	$976K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5590	−0.556%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5705	+0.176%	$412K	$534K	10x	as long as short
Aftermath Perps XRPUSD	+0.0606%	1h	1.5598	−0.506%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0653%	1h	1.5685	+0.051%	$290.4M	$196.7M	20x	as long as short