XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0075%/8h= −8.3% APRnext payment −$0.09 per $10,000 · paid last 24h +0.018%

Price spread now: Kraken Futures against Bulk−0.049%7-day average −0.025% · 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−$28as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Bulk Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.049%, 7d avg −0.025%

Together, before fees+0.145%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.024% cheaper against Bulk than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.025%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5157	0.0100	pay 0.0013% / 1h	32m 13s	$1.6M	$5K	20x
Short	Kraken Futures PF_XRPUSD	1.5150	0.0025	get 0.0003% / 1h	32m 13s	$14.4M	$75.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$15.84
Price spread: −0.049% → −0.025%: −$2.41
Slippage, 4 orders: −$8.85
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$44.1
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from Bulk: live order book, 2 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 Bulk live order book, 2 min ago	0.33 bp	4.7 bp −$5	6.3 bp −$63	13.2 bp −$1,323	29.4 bp −$14.7K
Sell Kraken Futures live order book, 2 min ago	1.98 bp	7.6 bp −$8	10.6 bp −$106	22.8 bp −$2,276	48.7 bp −$24.4K

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	1.5168	+0.073%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5159	+0.013%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.086%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5147	−0.069%	$245K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5152	−0.033%	$7.7M	$24.9M	50x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0025%	1h	1.5150	−0.049%	$14.4M	$75.1M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.659%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0084% / S −0.0033%	1h	1.5152	−0.034%	$799K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5150	−0.047%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5151	−0.040%	$544K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange XRPUSD	+0.0096%	1h	1.5161	+0.026%	$8K	$2K	10x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5153	−0.026%	$10K	$371K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5149	−0.049%	$978K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5150	−0.044%	$38.5M	$87.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5159	+0.014%	$616K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5150	−0.046%	$531.1M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5147	−0.066%	$345.5M	$961.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5147	−0.066%	$127.2M	$882.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5151	−0.040%	$564K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5162	+0.033%	$143K	$714K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5153	−0.026%	$376.1M	$160.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5150	−0.046%	$300.0M	$923.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5147	−0.064%	$107.3M	$181.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5147	−0.066%	$267.2M	$397.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5155	−0.013%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5146	−0.074%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5160	+0.019%	$660K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5158	+0.007%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5169	+0.079%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5158	+0.009%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5156	−0.007%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5156	−0.006%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5152	−0.033%	$65K	$774K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.057%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5159	+0.013%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5149	−0.053%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	+0.077%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5150	−0.046%	$54.2M	$32.5M	50x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5157	long leg	$1.6M	$5K	20x
Paradex XRP-USD-PERP	+0.0100%	8h	1.5158	+0.005%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5143	−0.093%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5149	−0.055%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5142	−0.096%	$17K	$79K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0168%	1h	1.5158	+0.007%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5159	+0.013%	$5.7M	$48.3M	50x	as long as short
Hyperliquid XRP	+0.0179%	1h	1.5163	+0.040%	$288.3M	$264.7M	20x	as long as short
Kalshi KXXRPPERP	+0.0206%	8h	1.5159	+0.013%	$1.7M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5149	−0.051%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5170	+0.086%	$23.6M	$77.9M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5160	+0.020%	$524K	$798K	10x	as long as short
Aftermath Perps XRPUSD	+0.0599%	1h	1.5161	+0.025%	$2K	$16K	10x	as long as short