Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: GRVT against BloFin−0.051%7-day average −0.028% · 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−$28as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)+0.447%+$45 · spread now −0.051%, 7d avg −0.028%
=Together, before fees+0.334%+ Points / potential airdropGRVT: Active · farm board+$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GRVT is 0.023% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XRP-USDT | 1.5175 | 0.0220 | pay 0.0220% / 8h | 5h 31m | $24.3M | $75.0M | 125x |
| Short | GRVT XRP_USDT_Perp | 1.5167 | 0.0100 | get 0.0100% / 8h | 5h 31m | $1.1M | $35.5M | 20x |
BloFin XRP-USDT
GRVT XRP_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: −0.051% → −0.028%
- −$2.34
- Slippage, 4 orders
- −$4.57
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$53.11
- Costs to cover
- 0.256%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 12 min ago; GRVT: live order book, 2 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 BloFin live order book, 12 min ago | 1.65 bp | 7.7 bp −$8 | 8.1 bp −$81 | 10.5 bp −$1,050 | 20.7 bp −$10.4K |
| Sell GRVT live order book, 2 min ago | 0.33 bp | 4.8 bp −$5 | 13.5 bp −$135 | 58.1 bp −$5,811 | 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 | 1.5183 | +0.053% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5191 | +0.103% | $1.1M | $110K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5183 | +0.051% | $254K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5184 | +0.059% | $7.7M | $25.3M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.537% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0034% / S +0.0044% | 1h | 1.5183 | +0.056% | $820K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5191 | +0.105% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0075% | 8h | 1.5180 | +0.033% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5201 | +0.169% | $2.8M | $14.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5199 | +0.158% | $513K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5181 | +0.040% | $10K | $308K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5194 | +0.129% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5202 | +0.178% | $281.7M | $221.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5196 | +0.141% | $38.5M | $83.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5201 | +0.172% | $610K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5203 | +0.182% | $538.9M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5199 | +0.158% | $344.5M | $927.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5203 | +0.185% | $126.0M | $869.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5156 | −0.125% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5192 | +0.112% | $115K | $707K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5156 | −0.124% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5192 | +0.112% | $370.3M | $151.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5201 | +0.171% | $294.0M | $897.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5187 | +0.080% | $106.9M | $171.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5194 | +0.125% | $268.0M | $380.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5188 | +0.086% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5151 | −0.161% | $5.7M | $36.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5154 | −0.139% | $658K | $109.2M | 30x | as long as short |
| GRVT XRP_USDT_Perpshort | +0.0100% | 8h | 1.5167 | −0.051% | $1.1M | $35.5M | 20x | |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5161 | −0.092% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5190 | +0.101% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5194 | +0.125% | $42K | $449K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5186 | +0.074% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5183 | +0.055% | $817K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5197 | +0.148% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5182 | +0.046% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5178 | +0.020% | $49.7M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5181 | +0.040% | $54.0M | $30.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5189 | +0.089% | $474K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5188 | +0.087% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5180 | +0.034% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0208% | 1h | 1.5189 | +0.092% | $1.9M | $1.3M | 25x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5190 | +0.099% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5186 | +0.072% | $5.6M | $46.5M | 50x | as long as short |
| BloFin XRP-USDTlong | +0.0220% | 8h | 1.5175 | long leg | $24.3M | $75.0M | 125x | |
| Hibachi XRP/USDT-P | +0.0264% | 1h | 1.5182 | +0.049% | $17K | $82K | 7x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0273% | 1h | 1.5177 | +0.013% | $14.5M | $73.1M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0353% | 8h | 1.5194 | +0.125% | $2.2M | $34.9M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5193 | +0.118% | $517K | $776K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5130 | −0.297% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0678% | 1h | 1.5159 | −0.106% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kraken Futures PF_XRPUSD
Kalshi KXXRPPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD