Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.09 per $10,000 · paid last 24h +0.018%
Price spread now: Kraken Futures against Bullet−0.054%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$2 a day on $10k at the current rate, and Kraken Futures is 0.054% cheaper against Bullet than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet XRP-USD | 1.5376 | 0.0100 | pay 0.0013% / 1h | 21m 49s | $41K | $68K | 20x |
| Short | Kraken Futures PF_XRPUSD | 1.5368 | 0.0032 | get 0.0004% / 1h | 21m 49s | $15.0M | $69.6M | 50x |
Bullet XRP-USD
Kraken Futures PF_XRPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$14.3
- Price spread: −0.054% → 0.000%
- −$5.42
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$37.72
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago | 3.26 bp | 9.0 bp −$9 | 11.7 bp −$117 | 19.3 bp −$1,927 | 44.6 bp −$22.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5365 | −0.072% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5365 | −0.073% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5380 | +0.026% | $68K | $90K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5370 | −0.041% | $266K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0006% / S +0.0097% | 1h | 1.5371 | −0.036% | $831K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0010% | 1h | 1.5367 | −0.059% | $9.4M | $25.6M | 50x | as long as short |
| Kraken Futures PF_XRPUSDshort | +0.0032% | 1h | 1.5368 | −0.054% | $15.0M | $69.6M | 50x | |
| Orderly PERP_XRP_USDC | +0.0058% | 8h | 1.5374 | −0.013% | $75K | $910K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | +1.196% | $2K | $107K | 30x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5368 | −0.053% | $2.9M | $13.0M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Deribit XRP_USDC-PERPETUAL
Orderly PERP_XRP_USDC
Injective XRP/USDC PERP
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 | 1.5369 | −0.046% | $439K | $3.2M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5385 | +0.061% | $1.1M | $5.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5363 | −0.084% | $39.1M | $81.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5370 | −0.038% | $632K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5362 | −0.088% | $547.1M | $2.04B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5363 | −0.085% | $341.8M | $924.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5362 | −0.092% | $125.3M | $879.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5345 | −0.202% | $573K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5378 | +0.013% | $117K | $758K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5410 | +0.221% | $1.7M | $572K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5360 | −0.105% | $361.3M | $147.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5360 | −0.105% | $295.9M | $887.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5363 | −0.084% | $110.2M | $165.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5360 | −0.105% | $267.5M | $375.2M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5362 | −0.092% | — | $121.8M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5385 | +0.056% | $11.4M | $30.6M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5367 | −0.059% | $667K | $104.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5403 | +0.174% | $1.1M | $40.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5357 | −0.124% | $1.0M | $900K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5375 | −0.004% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5390 | +0.091% | $47K | $455K | 20x | as long as short |
| Bullet XRP-USDlong | +0.0100% | 1h | 1.5376 | long leg | $41K | $68K | 20x | |
| Derive XRP-PERP | +0.0100% | 1h | 1.5371 | −0.032% | $827K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5376 | −0.001% | $129K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5367 | −0.059% | $30K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5369 | −0.044% | $50.5M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5368 | −0.053% | $54.7M | $29.5M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5371 | −0.032% | $479K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5379 | +0.019% | $12K | $269K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5357 | −0.121% | $2.1M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5370 | −0.041% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5387 | +0.071% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5373 | −0.022% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5367 | −0.059% | $24.3M | $74.7M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5374 | −0.013% | $5.8M | $47.2M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0259% | 1h | 1.5378 | +0.013% | $1.7M | $1.0M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0264% | 1h | 1.5364 | −0.076% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0306% | 8h | 1.5380 | +0.026% | $2.0M | $34.4M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0588% | 1h | 1.5377 | +0.006% | $293.2M | $213.0M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5392 | +0.104% | $500K | $638K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0784% | 1h | 1.5392 | +0.106% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD