Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against KuCoin+0.075%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$540.538% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.075%, 7d avg −0.012%

Together, before fees−0.233%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.086% dearer against KuCoin than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of −0.012%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5346	0.0100	pay 0.0100% / 8h	7h 22m	$108.8M	$165.7M	75x
Short	dYdX XRP-USD	1.5358	0	get 0.0000% / 1h	22m 44s	$1.1M	$112K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$21
Price spread: +0.075% → −0.012%: $8.63
Slippage, 4 orders: −$31.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$66.14
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; dYdX: live order book, 1 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, 6 min ago	0.59 bp	8.5 bp −$8	9.9 bp −$99	23.8 bp −$2,377	doesn't fit
Sell dYdX live order book, 1 min ago	12.71 bp	17.7 bp −$18	17.7 bp −$177	41.8 bp −$4,182	102.0 bp −$51.0K

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	1.5357	+0.071%	$7K	$2K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5358	+0.075%	$1.1M	$112K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5354	+0.051%	$257K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5359	+0.084%	$9.3M	$25.1M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0015% / S +0.0077%	1h	1.5354	+0.049%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.394%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5355	+0.058%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5359	+0.084%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5359	+0.086%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5349	+0.019%	$516K	$3.2M	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	1.5362	+0.104%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5367	+0.135%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5359	+0.084%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5348	+0.010%	$38.8M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5360	+0.091%	$621K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5359	+0.084%	$542.2M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5347	+0.006%	$342.4M	$920.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5342	−0.027%	$124.8M	$867.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.196%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5364	+0.117%	$118K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.076%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5344	−0.014%	$375.0M	$150.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5345	−0.007%	$312.2M	$906.5M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5346	long leg	$108.8M	$165.7M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5343	−0.020%	$268.5M	$375.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5344	−0.014%	—	$123.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5352	+0.038%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5361	+0.099%	$667K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5372	+0.169%	$1.1M	$38.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5350	+0.025%	$1.2M	$996K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5361	+0.097%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5367	+0.136%	$49K	$442K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5363	+0.112%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5358	+0.078%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5368	+0.142%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5357	+0.071%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5356	+0.066%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5355	+0.058%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5340	−0.039%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5355	+0.060%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5360	+0.093%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5354	+0.051%	$24.1M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5363	+0.110%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5357	+0.072%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0296%	1h	1.5361	+0.097%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5362	+0.104%	$2.0M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5367	+0.136%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0386%	1h	1.5358	+0.078%	$289.8M	$214.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	+0.025%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0794%	1h	1.5352	+0.040%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5367	+0.138%	$544K	$773K	10x	as long as short