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: SunX against KuCoin+0.072%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on KuCoin Short on SunX

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)−0.427%−$43 · spread now +0.072%, 7d avg +0.010%

Together, before fees−0.328%−$33 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: SunX is 0.062% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5095	0.0100	pay 0.0100% / 8h	5h 46m	$106.5M	$170.5M	75x
Short	SunX XRP-USDT	1.5106	0.0100	get 0.0100% / 8h	5h 46m	$126K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.010%: $6.16
Slippage, 4 orders: −$44.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$58.17
Costs to cover: 0.643%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; SunX: live order book, 9 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	0.40 bp	8.8 bp −$9	12.8 bp −$128	27.9 bp −$2,791	doesn't fit
Sell SunX live order book, 9 min ago	16.27 bp	26.0 bp −$26	32.8 bp −$328	doesn't fit	doesn't fit

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	1.5094	−0.009%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5095	−0.004%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5096	+0.004%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0027% / S +0.0049%	1h	1.5096	+0.002%	$797K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.078%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5094	−0.009%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5103	+0.050%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5094	−0.009%	$7.7M	$25.2M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5100	+0.031%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5104	+0.057%	$508K	$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	1.5095	−0.003%	$10K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5111	+0.106%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5104	+0.059%	$279.7M	$221.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5094	−0.009%	$38.3M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5099	+0.027%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5110	+0.097%	$535.6M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5111	+0.103%	$342.3M	$924.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5113	+0.117%	$124.9M	$863.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5109	+0.090%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5104	+0.057%	$114K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5087	−0.059%	$1.6M	$161K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5096	+0.004%	$368.5M	$150.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5097	+0.011%	$293.2M	$893.8M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5095	long leg	$106.5M	$170.5M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5094	−0.009%	$265.6M	$379.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5097	+0.011%	—	$126.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5141	+0.299%	$6.0M	$36.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5108	+0.082%	$656K	$109.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5143	+0.312%	$1.1M	$35.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5110	+0.097%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5105	+0.062%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5102	+0.044%	$41K	$448K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5100	+0.030%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5095	0.000%	$812K	$75K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5106	+0.072%	$126K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5089	−0.042%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5103	+0.050%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5092	−0.023%	$53.7M	$29.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5094	−0.011%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5095	−0.003%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5091	−0.026%	$58K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5098	+0.018%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5090	−0.036%	$5.6M	$46.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0217%	1h	1.5098	+0.017%	$1.9M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5093	−0.016%	—	$74.4M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5086	−0.065%	$14.4M	$72.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5109	+0.093%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0356%	8h	1.5107	+0.077%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5108	+0.081%	$526K	$769K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	+0.229%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0722%	1h	1.5113	+0.115%	$2K	$14K	10x	as long as short