Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against KuCoin−0.250%7-day average −0.064% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.250%, 7d avg −0.064%

Together, before fees+0.068%+ Points / potential airdropOndo Perps: Active · farm board+$7 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: Ondo Perps is 0.186% cheaper against KuCoin than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5378	0.0100	pay 0.0100% / 8h	6h 15m	$106.9M	$182.1M	75x
Short	Ondo Perps XRP-USD.P	1.5340	0.0100	get 0.0013% / 1h	15m 40s	$563K	$37K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.250%Rate

Funding earned: $0
Price spread: −0.250% → −0.064%: −$18.63
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$35.63
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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	0.29 bp	6.9 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 50 exchanges

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	1.5355	−0.153%	$5K	$4K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5379	+0.004%	$1.1M	$155K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5384	+0.036%	$7.9M	$21.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5384	+0.033%	$250K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0016%	1h	1.5384	+0.034%	$14.2M	$72.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.180%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0048%	1h	1.5386	+0.049%	$9K	$2K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5380	+0.007%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5382	+0.023%	$605K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5382	+0.024%	$480K	$51K	50x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5376	−0.016%	$10K	$396K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5387	+0.056%	$1.0M	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5377	−0.010%	$39.6M	$82.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5383	+0.028%	$590K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5379	+0.003%	$536.3M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5381	+0.016%	$363.2M	$899.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5385	+0.042%	$124.6M	$845.9M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.5340	−0.250%	$563K	$37K	5x
Arcus XRP-USD	+0.0100%	1h	1.5387	+0.055%	$165K	$692K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5353	−0.168%	$1.6M	$25K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5380	+0.010%	$380.0M	$160.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5381	+0.016%	$315.5M	$917.3M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5378	long leg	$106.9M	$182.1M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5379	+0.003%	$272.4M	$360.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5377	−0.010%	—	$103.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5377	−0.008%	$5.1M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5358	−0.137%	$667K	$111.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5351	−0.179%	$1.1M	$31.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5391	+0.081%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5383	+0.031%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5386	+0.049%	$53K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5386	+0.049%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5380	+0.010%	$68K	$600K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5361	−0.114%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5381	+0.016%	$31K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5370	−0.055%	$50.1M	$14.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5381	+0.016%	$54.9M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5373	−0.038%	$2.1M	$5.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5354	−0.161%	$17K	$76K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5375	−0.023%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5385	+0.042%	$5.5M	$45.6M	50x	as long as short
Hyperliquid XRP	+0.0130%	1h	1.5393	+0.094%	$298.9M	$268.4M	20x	as long as short
Kalshi KXXRPPERP	+0.0153%	8h	1.5379	+0.003%	$1.9M	$34.3M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0155% / S −0.0126%	1h	1.5382	+0.025%	$801K	—	200x	as long as short
Backpack XRP_USDC_PERP	+0.0198%	1h	1.5395	+0.107%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5354	−0.159%	$23.8M	$79.3M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5383	+0.032%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5385	+0.042%	$513K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0459%	1h	1.5376	−0.019%	$3K	$14K	10x	as long as short
Phoenix XRP	+0.0516%	1h	1.5350	−0.185%	$69K	$109K	15x	as long as short