Funding you earn now, next payment 06:00 UTC−0.0221%/8h= −24.2% APRpaid last 24h −0.016%
Price spread now: Kraken Futures against BloFin+0.027%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$310.307% of the position
Funding, last 7 days−0.105%−$10 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.027%, 7d avg −0.004%
=The price spread pays, funding is against you. Kraken Futures is 0.031% dearer against BloFin than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.004%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.105% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XRP-USDT | 1.4939 | 0.0220 | pay 0.0220% / 8h | 2h 27m | $23.2M | $76.1M | 125x |
| Short | Kraken Futures PF_XRPUSD | 1.4943 | −0.0001 | pay 0.0000% / 1h | 27m 11s | $14.1M | $75.2M | 50x |
BloFin XRP-USDT
Kraken Futures PF_XRPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$46.43
- Price spread: +0.027% → −0.004%
- $3.07
- Slippage, 4 orders
- −$8.7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$74.06
- Costs to cover
- 0.307%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; Kraken Futures: 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, 7 min ago | 1.00 bp | 7.0 bp −$7 | 7.4 bp −$74 | 12.5 bp −$1,250 | 27.8 bp −$13.9K |
| Sell Kraken Futures live order book, 2 min ago | 0.67 bp | 8.8 bp −$9 | 12.5 bp −$125 | 23.6 bp −$2,355 | 54.0 bp −$27.0K |
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 | 1.4958 | +0.127% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSDshort | −0.0001% | 1h | 1.4943 | +0.027% | $14.1M | $75.2M | 50x | |
| dYdX XRP-USD | 0.0000% | 1h | 1.4966 | +0.184% | $1.1M | $130K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5010 | +0.475% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.4943 | +0.027% | $7.6M | $25.8M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.4937 | −0.015% | $244K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +4.157% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.4935 | −0.025% | $787K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0080% | 1h | 1.4960 | +0.141% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.4945 | +0.042% | $2.8M | $15.0M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.4945 | +0.040% | $540K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.4940 | +0.007% | $11K | $363K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.4948 | +0.064% | $940K | $6.3M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.4957 | +0.120% | $284.8M | $261.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.4941 | +0.014% | $38.1M | $87.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.4965 | +0.177% | $598K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.4945 | +0.040% | $523.1M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.4944 | +0.033% | $338.1M | $969.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.4949 | +0.067% | $123.5M | $888.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.4954 | +0.100% | $559K | $31K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.4961 | +0.147% | $143K | $729K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5027 | +0.588% | $1.6M | $4K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.4940 | +0.007% | $365.6M | $158.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.4947 | +0.054% | $278.1M | $917.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.4946 | +0.044% | $104.4M | $180.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.4939 | 0.000% | $262.2M | $399.3M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.4939 | 0.000% | — | $106.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5004 | +0.436% | $4.7M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5011 | +0.485% | $652K | $112.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5001 | +0.413% | $1.1M | $37.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5018 | +0.529% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.4957 | +0.117% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.4947 | +0.054% | $51K | $492K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.4939 | 0.000% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.4936 | −0.020% | $61K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.4939 | −0.002% | $804K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.4945 | +0.037% | $125K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.4946 | +0.047% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.4938 | −0.008% | $48.8M | $15.9M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.4945 | +0.040% | $53.3M | $32.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.4966 | +0.178% | $467K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.4938 | −0.004% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.4942 | +0.020% | $57K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0137% | 8h | 1.4956 | +0.114% | $1.6M | $35.8M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0159% | 1h | 1.4983 | +0.295% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.4948 | +0.060% | $5.5M | $48.0M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0208% | 1h | 1.4967 | +0.189% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.4936 | −0.020% | $1.3M | $6K | 15x | as long as short |
| BloFin XRP-USDTlong | +0.0220% | 8h | 1.4939 | long leg | $23.2M | $76.1M | 125x | |
| RISEx XRP/USDC | +0.0305% | 1h | 1.4954 | +0.104% | $510K | $781K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0633% | 1h | 1.5011 | +0.483% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
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-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD