XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.022%

Price spread now: Coinbase International against Bulk−0.291%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Bulk Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.038%+$4 on $10k

Price spread, last 3 days (all we have)+0.137%+$14 · spread now −0.291%, 7d avg +0.001%

Together, before fees+0.175%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.293% cheaper against Bulk than usual: you would sell low and buy high (spread −0.291% now, against its 7-day average of +0.001%). If the spread goes back, that is −$29 on $10k: about 11 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.038% in total) that is about 26 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5260	0.0100	pay 0.0013% / 1h	31m 44s	$1.6M	$350K	20x
Short	Coinbase International XRP-PERP-INTX	1.5216	0.0192	get 0.0024% / 1h	31m 44s	$5.4M	$43.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bulk. 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 BulkbpFee Coinbase InternationalbpOrdersPrice spread, now −0.291%Rate

Funding earned: $19.32
Price spread: −0.291% → +0.001%: −$29.25
Slippage, 4 orders: −$5.28
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$32.21
Costs to cover: 0.223%
Break-even: 18.7 days

Slippage from Bulk: live order book, 2 min ago; Coinbase International: 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 Bulk live order book, 2 min ago	0.33 bp	3.8 bp −$4	5.6 bp −$56	11.6 bp −$1,156	22.3 bp −$11.2K
Sell Coinbase International live order book, 2 min ago	0.33 bp	6.9 bp −$7	9.6 bp −$96	23.5 bp −$2,350	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
GMX XRP/USD [ETH-USDC]	L −0.0210% / S +0.0297%	1h	1.5207	−0.348%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5205	−0.363%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5203	−0.378%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5250	−0.068%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5209	−0.337%	$9.1M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5208	−0.342%	$254K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.194%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5202	−0.383%	$177K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5201	−0.387%	$2.9M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5203	−0.376%	$441K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5199	−0.399%	$1.0M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5201	−0.389%	$38.6M	$71.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5201	−0.388%	$661K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5199	−0.403%	$543.6M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5198	−0.409%	$340.3M	$834.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5197	−0.416%	$122.5M	$824.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5192	−0.448%	$566K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5205	−0.363%	$114K	$646K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5260	long leg	$1.6M	$350K	20x
Gate XRP_USDT	+0.0100%	8h	1.5203	−0.376%	$355.0M	$129.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5196	−0.422%	$290.3M	$802.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5199	−0.402%	$112.1M	$147.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5199	−0.403%	$264.5M	$338.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5198	−0.409%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5254	−0.042%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5255	−0.035%	$662K	$95.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5252	−0.055%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.023%	$1.0M	$848K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5203	−0.376%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5200	−0.396%	$50K	$474K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5207	−0.350%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5204	−0.371%	$819K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5203	−0.376%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5203	−0.376%	$28K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5196	−0.419%	$50.0M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5206	−0.357%	$54.4M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5200	−0.395%	$474K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5210	−0.330%	$12K	$245K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5202	−0.384%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5206	−0.358%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0121%	1h	1.5213	−0.311%	$1.7M	$919K	25x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5203	−0.376%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5203	−0.377%	$15.2M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0192%	1h	1.5216	−0.291%	$5.4M	$43.2M	50x
Reya XRPRUSDPERP	+0.0210%	1h	1.5198	−0.409%	$1.3M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0214%	8h	1.5218	−0.278%	$1.7M	$31.6M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5206	−0.357%	$23.7M	$66.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5216	−0.292%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5209	−0.338%	$403K	$496K	10x	as long as short
Hyperliquid XRP	+0.0443%	1h	1.5219	−0.271%	$278.7M	$180.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0550%	1h	1.5235	−0.169%	$1K	$10K	10x	as long as short