Funding arb · Price arb /

XRP

all XRP markets

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: HTX against KuCoin−0.034%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.365% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 4 days (all we have)−0.185%−$18 · spread now −0.034%, 7d avg −0.054%

Together, before fees−0.086%−$9 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: HTX is 0.020% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5149	0.0100	pay 0.0100% / 8h	4h 11m	$107.8M	$175.0M	75x
Short	HTX XRP-USDT	1.5144	0.0100	get 0.0100% / 8h	4h 11m	$49.5M	$15.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.054%: $2
Slippage, 4 orders: −$12.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$34.47
Costs to cover: 0.365%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; HTX: 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 KuCoin live order book, 7 min ago	0.03 bp	8.6 bp −$9	10.5 bp −$105	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	1.92 bp	10.4 bp −$10	13.1 bp −$131	33.1 bp −$3,313	109.6 bp −$54.8K

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	1.5141	−0.055%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5147	−0.016%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5145	−0.032%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.004%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5147	−0.016%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5150	+0.004%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.710%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0045% / S +0.0022%	1h	1.5145	−0.027%	$790K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0090%	8h	1.5146	−0.022%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5148	−0.007%	$2.8M	$14.6M	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	1.5151	+0.011%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5143	−0.042%	$11K	$329K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5135	−0.092%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5156	+0.044%	$280.4M	$227.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	−0.016%	$38.3M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5148	−0.012%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5145	−0.030%	$533.7M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5144	−0.036%	$346.7M	$935.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5143	−0.042%	$126.5M	$874.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5142	−0.049%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5150	+0.004%	$110K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5130	−0.125%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5143	−0.042%	$369.2M	$154.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5142	−0.049%	$294.4M	$902.7M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5149	long leg	$107.8M	$175.0M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5139	−0.069%	$267.9M	$384.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5144	−0.036%	—	$127.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5137	−0.083%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	−0.054%	$658K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5137	−0.084%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5155	+0.037%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5144	−0.035%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5146	−0.022%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5148	−0.012%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5149	−0.004%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5150	+0.006%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	−0.009%	$28K	$1.7M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5144	−0.034%	$49.5M	$15.7M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5149	−0.003%	$54.0M	$30.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5142	−0.049%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5143	−0.041%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5145	−0.028%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5149	−0.003%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0186%	1h	1.5158	+0.057%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5150	+0.004%	$5.6M	$47.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5144	−0.037%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5145	−0.028%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5142	−0.049%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5144	−0.036%	$2.1M	$34.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5151	+0.010%	$516K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0680%	1h	1.5155	+0.035%	$2K	$15K	10x	as long as short