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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.039%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days−0.035%−$3 · spread now +0.039%, 7d avg −0.011%

Together, before fees−0.012%−$1 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: Bybit is 0.049% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5161	0.0100	pay 0.0100% / 8h	5h 26m	$108.2M	$171.6M	75x
Short	Bybit XRPUSDT	1.5167	0.0100	get 0.0100% / 8h	5h 26m	$344.2M	$926.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.011%: $4.94
Slippage, 4 orders: −$8.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.31
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	0.53 bp	9.4 bp −$9	12.7 bp −$127	26.2 bp −$2,621	doesn't fit
Sell Bybit live order book, 3 min ago	0.33 bp	6.3 bp −$6	7.2 bp −$72	15.3 bp −$1,531	25.3 bp −$12.7K

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	1.5153	−0.053%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5158	−0.022%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5146	−0.098%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5150	−0.073%	$7.7M	$25.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.631%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0035% / S +0.0042%	1h	1.5146	−0.103%	$818K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5168	+0.046%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5148	−0.086%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5161	−0.001%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5157	−0.027%	$511K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5158	−0.020%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5160	−0.004%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5176	+0.098%	$281.3M	$221.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5158	−0.021%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5161	+0.001%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5169	+0.052%	$537.8M	$2.09B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5167	+0.039%	$344.2M	$926.5M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5171	+0.065%	$125.9M	$866.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	+0.065%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5165	+0.026%	$114K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.033%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5160	−0.007%	$369.4M	$152.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5161	−0.001%	$293.4M	$899.6M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5161	long leg	$108.2M	$171.6M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5165	+0.026%	$268.3M	$379.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5161	−0.001%	—	$126.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	+0.246%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5184	+0.150%	$659K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5175	+0.089%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	+0.309%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5163	+0.015%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5167	+0.039%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5148	−0.086%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5149	−0.077%	$815K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5157	−0.024%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	−0.086%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5157	−0.024%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5154	−0.047%	$53.9M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5160	−0.005%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5156	−0.031%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5146	−0.097%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0186%	1h	1.5160	−0.007%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5164	+0.018%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5153	−0.053%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5154	−0.047%	$24.2M	$74.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5149	−0.082%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5147	−0.095%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5158	−0.020%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5172	+0.074%	$517K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.191%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0685%	1h	1.5167	+0.038%	$2K	$14K	10x	as long as short