Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0078%/8h= −8.6% APRpaid last 24h +0.022%

Price spread now: Kraken Futures against KuCoin−0.018%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.018%, 7d avg −0.006%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.101%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5153	0.0100	pay 0.0100% / 8h	3h 05m	$109.2M	$178.6M	75x
Short	Kraken Futures PF_XRPUSD	1.5150	0.0022	get 0.0003% / 1h	5m 10s	$14.3M	$74.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$16.47
Price spread: −0.018% → −0.006%: −$1.23
Slippage, 4 orders: −$14.03
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$53.74
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Kraken Futures: 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, 9 min ago	0.50 bp	7.9 bp −$8	10.4 bp −$104	29.4 bp −$2,941	doesn't fit
Sell Kraken Futures live order book, 4 min ago	0.33 bp	10.0 bp −$10	13.3 bp −$133	27.4 bp −$2,741	59.0 bp −$29.5K

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	1.5147	−0.037%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5147	−0.035%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5152	−0.004%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5149	−0.027%	$259K	—	150x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0022%	1h	1.5150	−0.018%	$14.3M	$74.6M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.689%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5148	−0.029%	$794K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5154	+0.012%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5156	+0.022%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5142	−0.070%	$10K	$355K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5145	−0.053%	$978K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5145	−0.050%	$39.0M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5152	−0.004%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5146	−0.044%	$533.6M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5152	−0.004%	$343.9M	$947.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5152	−0.004%	$125.3M	$886.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5150	−0.017%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5153	+0.003%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	−0.094%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5154	+0.009%	$373.8M	$158.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5152	−0.004%	$294.1M	$910.4M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5153	long leg	$109.2M	$178.6M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5150	−0.017%	$269.0M	$391.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5154	+0.009%	—	$128.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5147	−0.038%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.259%	$656K	$111.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5150	−0.017%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5138	−0.096%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5147	−0.040%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5150	−0.017%	$49K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5147	−0.037%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5145	−0.050%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5145	−0.049%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5150	−0.020%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	−0.030%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5152	−0.003%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5152	−0.004%	$53.9M	$31.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5157	+0.028%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5144	−0.059%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5145	−0.050%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5149	−0.024%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0179%	8h	1.5156	+0.022%	$1.8M	$35.3M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5153	+0.003%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5143	−0.066%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5154	+0.009%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0235%	1h	1.5162	+0.062%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5149	−0.025%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5152	−0.003%	$517K	$777K	10x	as long as short
Hyperliquid XRP	+0.0372%	1h	1.5165	+0.082%	$290.9M	$255.9M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5150	−0.017%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0635%	1h	1.5149	−0.025%	$2K	$15K	10x	as long as short