Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Pacifica−0.105%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.105%, 7d avg −0.004%

Together, before fees+0.018%+ Points / potential airdropPacifica: Active · farm board+$2 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: KuCoin is 0.101% cheaper against Pacifica than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5257	0.0100	pay 0.0013% / 1h	3m 03s	$628K	$1.1M	20x
Short	KuCoin XRPUSDTM	1.5240	0.0100	get 0.0100% / 8h	7h 03m	$110.3M	$167.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now −0.105%Rate

Funding earned: $0
Price spread: −0.105% → −0.004%: −$10.11
Slippage, 4 orders: −$10.57
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$40.68
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; KuCoin: live order book, 6 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 Pacifica live order book, 1 min ago	1.97 bp	6.5 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	0.03 bp	8.1 bp −$8	11.2 bp −$112	30.5 bp −$3,053	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	1.5249	−0.050%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5260	+0.025%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5250	−0.046%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5256	−0.004%	$9.2M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0019% / S +0.0071%	1h	1.5245	−0.075%	$836K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.989%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5253	−0.024%	$57K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5258	+0.009%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5247	−0.060%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5249	−0.050%	$511K	$3.3M	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	1.5261	+0.029%	$9K	$282K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5252	−0.027%	$476K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5252	−0.029%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5251	−0.038%	$38.5M	$83.4M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5257	long leg	$628K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5266	+0.062%	$539.3M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5264	+0.049%	$340.6M	$920.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5271	+0.094%	$123.1M	$865.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5215	−0.273%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5251	−0.037%	$115K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.610%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5252	−0.030%	$366.9M	$153.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5245	−0.076%	$300.3M	$917.8M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5240	−0.105%	$110.3M	$167.6M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5275	+0.121%	$267.9M	$376.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5252	−0.030%	—	$125.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5315	+0.381%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5348	+0.600%	$666K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5328	+0.467%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5318	+0.403%	$1.2M	$998K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5254	−0.017%	$46K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5250	−0.045%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5256	−0.002%	$821K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5263	+0.039%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5253	−0.024%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5251	−0.037%	$50.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5240	−0.109%	$54.1M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5264	+0.048%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5268	+0.075%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5256	−0.003%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5250	−0.042%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5232	−0.161%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5251	−0.037%	$5.7M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0245%	1h	1.5246	−0.070%	$14.4M	$70.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0302%	1h	1.5263	+0.042%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5315	+0.386%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0323%	8h	1.5263	+0.042%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0364%	1h	1.5260	+0.022%	$287.4M	$215.6M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.481%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5254	−0.018%	$539K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0857%	1h	1.5325	+0.449%	$2K	$13K	10x	as long as short