XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h −0.027%

Price spread now: Arcus against Coinbase International−0.007%7-day average −0.030% · 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−$24as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.044%−$4 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now −0.007%, 7d avg −0.030%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.023% dearer against Coinbase International than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.030%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 3 days (−0.044% in total) that is about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5199	0.0216	pay 0.0027% / 1h	24m 41s	$5.7M	$46.8M	50x
Short	Arcus XRP-USD	1.5198	0.0100	get 0.0013% / 1h	24m 41s	$115K	$700K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$24.36
Price spread: −0.007% → −0.030%: $2.31
Slippage, 4 orders: −$11.37
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$47.91
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Arcus: live order book, 44 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 Coinbase International live order book, 4 min ago	0.33 bp	6.9 bp −$7	9.6 bp −$96	27.3 bp −$2,731	doesn't fit
Sell Arcus live order book, 44 min ago	1.30 bp	5.0 bp −$5	12.6 bp −$126	doesn't fit	doesn't fit

XRP on 50 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	1.5195	−0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5184	−0.096%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5210	+0.072%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5199	−0.002%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0059%	1h	1.5197	−0.011%	$803K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.375%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5193	−0.042%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5201	+0.013%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5199	0.000%	$7.7M	$25.2M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5182	−0.112%	$2.8M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5182	−0.112%	$517K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5184	−0.099%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5187	−0.076%	$896K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5185	−0.095%	$38.7M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5180	−0.125%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5179	−0.132%	$538.4M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5165	−0.224%	$341.4M	$940.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5166	−0.217%	$124.7M	$872.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.164%	$565K	$28K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5198	−0.007%	$115K	$700K	20x
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.063%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5185	−0.092%	$369.4M	$152.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5164	−0.230%	$290.7M	$912.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5185	−0.093%	$107.3M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5182	−0.112%	$266.3M	$383.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5187	−0.079%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5199	0.000%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5184	−0.101%	$659K	$108.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5181	−0.117%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5179	−0.132%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5199	0.000%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5200	+0.007%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5201	+0.014%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5199	−0.003%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5198	−0.006%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5196	−0.020%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5197	−0.014%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5195	−0.026%	$54.1M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5197	−0.014%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5178	−0.136%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5197	−0.012%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5195	−0.026%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5196	−0.018%	$1.3M	$7K	15x	as long as short
Hyperliquid XRP	+0.0215%	1h	1.5194	−0.033%	$281.2M	$221.5M	20x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0216%	1h	1.5199	long leg	$5.7M	$46.8M	50x
Hibachi XRP/USDT-P	+0.0320%	1h	1.5203	+0.026%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0358%	8h	1.5199	0.000%	$2.1M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0363%	1h	1.5196	−0.020%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5198	−0.005%	$535K	$785K	10x	as long as short
Aftermath Perps XRPUSD	+0.0756%	1h	1.5174	−0.163%	$2K	$14K	10x	as long as short