XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0077%/8h= −8.4% APRpaid last 24h −0.031%

Price spread now: Katana Perps against Coinbase International−0.118%7-day average −0.046% · you buy dearer than you sell

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

Long on Coinbase International Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.087%−$9 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.118%, 7d avg −0.046%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Katana Perps is 0.072% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5214	0.0176	pay 0.0022% / 1h	38m 35s	$5.7M	$48.3M	50x
Short	Katana Perps XRP-USD	1.5196	0.0099	get 0.0099% / 8h	38m 35s	$17K	$380K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Katana PerpsbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$16.12
Price spread: −0.118% → −0.046%: −$7.24
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$37.16
Costs to cover: 0.138%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 6 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 Coinbase International live order book, 6 min ago	0.33 bp	6.2 bp −$6	9.2 bp −$92	24.9 bp −$2,493	doesn't fit
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	1.5212	−0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5208	−0.036%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5206	−0.053%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5215	+0.007%	$7.8M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.274%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5211	−0.022%	$14.6M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5214	+0.002%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5213	−0.007%	$604K	$3.2M	20x	as long as short
Katana Perps XRP-USDshort	+0.0099%	8h	1.5196	−0.118%	$17K	$380K	20x
Nado XRP-PERP	+0.0100%	1h	1.5191	−0.150%	$1.0M	$6.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5199	−0.099%	$38.5M	$87.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5213	−0.010%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5197	−0.115%	$532.3M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5189	−0.164%	$349.7M	$956.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5191	−0.151%	$128.5M	$870.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5224	+0.066%	$567K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5208	−0.039%	$144K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.158%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5204	−0.066%	$379.1M	$160.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5206	−0.053%	$314.7M	$921.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5214	+0.001%	$106.7M	$184.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5189	−0.164%	$268.6M	$391.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5205	−0.059%	—	$107.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5226	+0.076%	$5.0M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5231	+0.112%	$662K	$113.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5233	+0.128%	$1.1M	$35.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5239	+0.164%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5202	−0.080%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5196	−0.118%	$51K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5214	0.000%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5212	−0.013%	$78K	$688K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5218	+0.028%	$819K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5218	+0.029%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5210	−0.026%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5215	+0.005%	$49.7M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5215	+0.007%	$54.4M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5213	−0.006%	$474K	$55K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0101% / S −0.0060%	1h	1.5211	−0.020%	$785K	—	200x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5200	−0.091%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5201	−0.085%	$9K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5208	−0.037%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0112%	1h	1.5216	+0.015%	$17K	$78K	7x	as long as short
Hyperliquid XRP	+0.0143%	1h	1.5226	+0.079%	$290.5M	$267.6M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0160%	1h	1.5219	+0.033%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0176%	1h	1.5214	long leg	$5.7M	$48.3M	50x
Kalshi KXXRPPERP	+0.0199%	8h	1.5214	0.000%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5189	−0.163%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5207	−0.046%	$23.6M	$77.8M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5204	−0.064%	$522K	$807K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5240	+0.171%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0636%	1h	1.5227	+0.083%	$2K	$16K	10x	as long as short