XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%

Price spread now: Bulk against Coinbase International+0.233%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$1as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Coinbase International Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.233%, 7d avg +0.001%

Together, before fees−0.125%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.232% dearer against Coinbase International than usual: you sell high and buy low (spread +0.233% now, against its 7-day average of +0.001%): +$23 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.4 days. At the pace of the last 4 days (−0.046% in total) that is about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5129	0.0192	pay 0.0024% / 1h	49m 43s	$5.6M	$47.0M	50x
Short	Bulk XRP-USD	1.5164	0.0100	get 0.0013% / 1h	49m 43s	$1.6M	$49K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.233%Rate

Funding earned: −$19.32
Price spread: +0.233% → +0.001%: $23.18
Slippage, 4 orders: −$4.97
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$18.11
Costs to cover: 0.220%
Break-even: from the start

Slippage from Coinbase International: live order book, 4 min ago; Bulk: live order book, 4 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	0.99 bp	7.0 bp −$7	9.1 bp −$91	24.1 bp −$2,415	doesn't fit
Sell Bulk live order book, 4 min ago	0.33 bp	3.8 bp −$4	4.8 bp −$48	12.6 bp −$1,258	27.5 bp −$13.8K

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	1.5154	+0.165%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5118	−0.074%	$14.2M	$73.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5111	−0.121%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.271%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5122	−0.046%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5123	−0.040%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.849%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0037% / S +0.0033%	1h	1.5123	−0.040%	$787K	—	200x	as long as short
01 Exchange XRPUSD	+0.0040%	1h	1.5124	−0.033%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0079%	8h	1.5120	−0.059%	$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	1.5116	−0.089%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5108	−0.139%	$509K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5113	−0.106%	$10K	$318K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5134	+0.036%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5120	−0.059%	$280.8M	$224.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5109	−0.132%	$38.2M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5114	−0.096%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5111	−0.119%	$532.3M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5103	−0.172%	$343.9M	$931.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5106	−0.152%	$125.6M	$870.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5095	−0.225%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5108	−0.139%	$113K	$717K	20x	as long as short
Bulk XRP-USDshort	+0.0100%	1h	1.5164	+0.233%	$1.6M	$49K	20x
Gate XRP_USDT	+0.0100%	8h	1.5112	−0.112%	$368.3M	$152.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5107	−0.145%	$295.2M	$894.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5112	−0.113%	$108.0M	$173.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5105	−0.159%	$267.0M	$383.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5114	−0.099%	—	$126.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5129	−0.001%	$5.4M	$37.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5155	+0.175%	$658K	$108.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5162	+0.218%	$1.1M	$35.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5157	+0.185%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5124	−0.033%	$42K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5124	−0.036%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5120	−0.057%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5129	−0.003%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5121	−0.053%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5119	−0.067%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5120	−0.059%	$54.0M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5113	−0.105%	$471K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5131	+0.012%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5103	−0.171%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5117	−0.076%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0155%	1h	1.5121	−0.053%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0160%	1h	1.5136	+0.043%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0192%	1h	1.5129	long leg	$5.6M	$47.0M	50x
Reya XRPRUSDPERP	+0.0215%	1h	1.5122	−0.047%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5138	+0.059%	$24.2M	$75.8M	125x	as long as short
Kalshi KXXRPPERP	+0.0324%	8h	1.5139	+0.066%	$2.0M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5128	−0.007%	$515K	$779K	10x	as long as short
Aftermath Perps XRPUSD	+0.0676%	1h	1.5152	+0.152%	$2K	$14K	10x	as long as short