Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.023%
Price spread now: Deribit against Bullet−0.164%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.164% cheaper against Bullet than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet XRP-USD | 1.5234 | 0.0100 | pay 0.0013% / 1h | 51m 33s | $41K | $68K | 20x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.5209 | 0 | get 0.0000% / 1h | 51m 33s | $7.7M | $23.9M | 50x |
Bullet XRP-USD
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bullet. 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
- −$21
- Price spread: −0.164% → 0.000%
- −$16.43
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$52.43
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; Deribit: live order book, 3 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 Bullet no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 3 min ago | 0.33 bp | 5.3 bp −$5 | 7.7 bp −$77 | 67.5 bp −$6,753 | doesn't fit |
Bullet: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XRPUSD | −0.0171% | 1h | 1.5208 | −0.174% | $14.8M | $76.0M | 50x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5228 | −0.040% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5207 | −0.175% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5200 | −0.223% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | 0.0000% | 1h | 1.5209 | −0.164% | $7.7M | $23.9M | 50x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5204 | −0.200% | $247K | — | 150x | as long as short |
| Phemex XRPUSDT | +0.0010% | 8h | 1.5207 | −0.177% | $54.3M | $32.6M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.140% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0064% | 1h | 1.5220 | −0.090% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5218 | −0.106% | $2.8M | $14.5M | 20x | as long as short |
Kraken Futures PF_XRPUSD
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Phemex XRPUSDT
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
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 | 1.5221 | −0.086% | $608K | $3.1M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5229 | −0.033% | $20K | $382K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5229 | −0.030% | $999K | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5237 | +0.016% | $38.6M | $85.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5218 | −0.102% | $612K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5239 | +0.033% | $531.6M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5235 | +0.006% | $353.6M | $947.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5239 | +0.033% | $126.9M | $862.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5207 | −0.177% | $566K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5242 | +0.052% | $144K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | −0.292% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5208 | −0.171% | $379.2M | $151.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5238 | +0.026% | $313.3M | $912.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5218 | −0.102% | $106.6M | $183.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5239 | +0.033% | $270.3M | $386.3M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5228 | −0.040% | — | $108.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5181 | −0.348% | $4.8M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5214 | −0.130% | $661K | $112.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5218 | −0.105% | $1.1M | $33.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5223 | −0.072% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5237 | +0.019% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5239 | +0.033% | $52K | $514K | 20x | as long as short |
| Bullet XRP-USDlong | +0.0100% | 1h | 1.5234 | long leg | $41K | $68K | 20x | |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5213 | −0.138% | $78K | $689K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5206 | −0.181% | $818K | $77K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5225 | −0.057% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5205 | −0.191% | $28K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5213 | −0.139% | $49.7M | $15.2M | 75x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5222 | −0.076% | $475K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5228 | −0.042% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5209 | −0.166% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0113% / S −0.0077% | 1h | 1.5213 | −0.138% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0144% | 1h | 1.5241 | +0.046% | $9K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5213 | −0.138% | $5.6M | $48.0M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0168% | 8h | 1.5220 | −0.092% | $1.7M | $33.5M | 2.9x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5218 | −0.105% | $23.9M | $77.9M | 125x | as long as short |
| Hyperliquid XRP | +0.0221% | 1h | 1.5251 | +0.111% | $291.3M | $267.7M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0221% | 1h | 1.5234 | +0.002% | $1.3M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERP | +0.0274% | 1h | 1.5223 | −0.072% | $2.0M | $1.4M | 25x | as long as short |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5239 | +0.032% | $523K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0541% | 1h | 1.5198 | −0.237% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
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
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
BloFin XRP-USDT
Hyperliquid XRP
Reya XRPRUSDPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD