Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.013%

Price spread now: KuCoin against 01 Exchange+0.038%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.038% dearer against 01 Exchange than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5214	0.0080	pay 0.0010% / 1h	58m 28s	$8K	$8K	10x
Short	KuCoin XRPUSDTM	1.5220	0.0100	get 0.0100% / 8h	6h 58m	$109.3M	$168.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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 01 ExchangebpFee KuCoinbpOrdersPrice spread, now +0.038%Rate

Funding earned: $4.2
Price spread: +0.038% → 0.000%: $3.81
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$10.99
Costs to cover: 0.190%
Break-even: 25.3 days

Slippage unknown: 01 Exchange: no order-book sample; KuCoin: live order book, 6 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	0.88 bp	9.7 bp −$10	14.7 bp −$147	35.8 bp −$3,583	doesn't fit

01 Exchange: 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 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	1.5181	−0.217%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5165	−0.319%	$1.1M	$116K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5188	−0.170%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0069%	1h	1.5194	−0.134%	$834K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.274%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5219	+0.035%	$14.3M	$70.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0066%	8h	1.5198	−0.105%	$57K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5220	+0.039%	$9.2M	$24.6M	50x	as long as short
01 Exchange XRPUSDlong	+0.0080%	1h	1.5214	long leg	$8K	$8K	10x
Lighter XRP	+0.0096%	1h	1.5170	−0.288%	$2.8M	$14.0M	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	1.5191	−0.151%	$507K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5207	−0.046%	$11K	$288K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5186	−0.181%	$473K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5220	+0.040%	$923K	$5.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5195	−0.126%	$38.4M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5177	−0.244%	$616K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5199	−0.102%	$535.9M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5195	−0.125%	$339.1M	$924.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5197	−0.112%	$122.6M	$865.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5190	−0.158%	$567K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5206	−0.053%	$115K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.892%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5199	−0.099%	$367.7M	$146.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5206	−0.053%	$295.9M	$886.8M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5220	+0.038%	$109.3M	$168.5M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5211	−0.020%	$266.5M	$378.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5193	−0.138%	—	$125.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5216	+0.012%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5260	+0.301%	$663K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5199	−0.096%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.250%	$1.2M	$999K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5213	−0.008%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5215	+0.007%	$44K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5203	−0.070%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5226	+0.082%	$820K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5232	+0.115%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5222	+0.053%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5217	+0.021%	$49.9M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5221	+0.046%	$54.0M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5192	−0.144%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5215	+0.007%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0183%	1h	1.5218	+0.026%	$283.4M	$219.9M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5211	−0.018%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5223	+0.059%	$5.7M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	+0.079%	$24.1M	$74.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5221	+0.047%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0322%	8h	1.5223	+0.059%	$2.0M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5206	−0.053%	$537K	$777K	10x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	+0.171%	$68K	$110K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0623%	1h	1.5230	+0.105%	$1.9M	$1.3M	25x	as long as short
Aftermath Perps XRPUSD	+0.0827%	1h	1.5257	+0.285%	$2K	$13K	10x	as long as short