XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.03 per $10,000 · paid last 24h 0.000%

Price spread now: Katana Perps against Bybit−0.264%46s7-day average −0.037% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 7 days+0.193%+$19 · spread now −0.264%, 7d avg −0.037%

Together, before fees+0.170%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Katana Perps is 0.226% cheaper against Bybit than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.037%. The two prices were read 46 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	Bybit XRPUSDT	1.5178	0.0100	pay 0.0100% / 8h	4h 40m	$345.4M	$931.7M	100x
Short	Katana Perps XRP-USD	1.5138	0.0097	get 0.0097% / 8h	4h 40m	$10K	$321K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Bybit. 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 BybitbpFee Katana PerpsbpOrdersPrice spread, now −0.264%Rate

Funding earned: −$0.63
Price spread: −0.264% → −0.037%: −$22.62
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$38.05
Costs to cover: 0.148%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Katana Perps: no order-book sample. 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 Bybit live order book, 3 min ago	0.33 bp	6.4 bp −$6	7.7 bp −$77	13.0 bp −$1,300	27.3 bp −$13.7K
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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	1.5148	−0.198%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5158	−0.132%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5141	−0.242%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	−0.184%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5152	−0.171%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5160	−0.119%	$7.7M	$25.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.517%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0039% / S +0.0030%	1h	1.5149	−0.192%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5153	−0.165%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0080%	8h	1.5155	−0.152%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5161	−0.114%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5161	−0.112%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USDshort	+0.0097%	8h	1.5138	−0.264%	$10K	$321K	20x
Nado XRP-PERP	+0.0100%	1h	1.5146	−0.208%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5188	+0.066%	$282.0M	$225.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5171	−0.047%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5149	−0.191%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5181	+0.019%	$534.6M	$2.11B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5178	long leg	$345.4M	$931.7M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5180	+0.013%	$126.1M	$876.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5133	−0.296%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5109	−0.455%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	−0.212%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5176	−0.013%	$370.3M	$153.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5179	+0.007%	$290.3M	$897.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5176	−0.013%	$108.2M	$173.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5178	0.000%	$268.2M	$384.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5175	−0.020%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5148	−0.200%	$5.4M	$37.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5151	−0.177%	$658K	$108.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	−0.264%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5142	−0.237%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5148	−0.198%	$43K	$451K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5150	−0.187%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5155	−0.151%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5162	−0.109%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5158	−0.132%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5145	−0.218%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5157	−0.138%	$54.1M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5148	−0.196%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5146	−0.209%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5175	−0.022%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5154	−0.157%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0160%	1h	1.5150	−0.185%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0164%	1h	1.5170	−0.053%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5160	−0.119%	$5.6M	$47.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5142	−0.237%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5159	−0.125%	$24.2M	$76.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5150	−0.184%	$2.1M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5151	−0.177%	$516K	$780K	10x	as long as short
Aftermath Perps XRPUSD	+0.0663%	1h	1.5148	−0.200%	$2K	$15K	10x	as long as short