XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.025%

Price spread now: Variational Omni against Coinbase International−0.590%7-day average −0.043% · you buy dearer than you sell

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 3 days (all we have)+0.370%+$37 · spread now −0.590%, 7d avg −0.043%

Together, before fees+0.324%+ Points / potential airdropVariational Omni: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.547% cheaper against Coinbase International than usual: you would sell low and buy high (−$55 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5700	0.0224	pay 0.0028% / 1h	52m 43s	$6.0M	$48.3M	50x
Short	Variational Omni XRP	1.5607	0.0100	get 0.0100% / 8h	52m 43s	$11.7M	$30.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.590%Rate

Funding earned: −$26.04
Price spread: −0.590% → −0.043%: −$54.69
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$90.73
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 1 min ago; Variational Omni: RFQ quote, 1 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 Coinbase International live order book, 1 min ago	0.64 bp	7.3 bp −$7	9.7 bp −$97	20.2 bp −$2,019	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.01 bp	doesn't fit	4.1 bp −$41	21.0 bp −$2,103	doesn't fit

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	1.5671	−0.185%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5663	−0.233%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5600	−0.637%	$69K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5684	−0.101%	$262K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0004% / S +0.0108%	1h	1.5684	−0.103%	$863K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0005%	1h	1.5693	−0.045%	$9.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5693	−0.046%	$15.8M	$68.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5687	−0.083%	$77K	$909K	50x	as long as short
ApeX Omni XRPUSDT	+0.0081%	1h	1.5590	−0.701%	$1.0M	$886K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.892%	$2K	$107K	30x	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	1.5661	−0.250%	$3.0M	$12.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5682	−0.115%	$447K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5684	−0.104%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5685	−0.096%	$39.8M	$79.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5663	−0.236%	$645K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5661	−0.249%	$561.8M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5665	−0.223%	$349.0M	$911.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5661	−0.248%	$128.2M	$893.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5593	−0.682%	$580K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5668	−0.204%	$119K	$748K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5684	−0.102%	$375.5M	$142.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5667	−0.210%	$302.7M	$860.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5673	−0.175%	$114.3M	$162.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5663	−0.236%	$273.6M	$369.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5685	−0.096%	—	$120.1M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5607	−0.590%	$11.7M	$30.5M	—
edgeX XRPUSDC	+0.0100%	4h	1.5645	−0.349%	$679K	$102.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5674	−0.164%	$1.1M	$41.0M	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5679	−0.137%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5691	−0.057%	$46K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5686	−0.089%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5689	−0.069%	$844K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5693	−0.044%	$132K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5692	−0.051%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5687	−0.085%	$51.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5689	−0.070%	$55.8M	$29.3M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5562	−0.882%	$1.7M	$573K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5662	−0.244%	$488K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5687	−0.083%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5680	−0.125%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5688	−0.074%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5684	−0.102%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5686	−0.092%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5690	−0.064%	$24.6M	$75.0M	125x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0224%	1h	1.5700	long leg	$6.0M	$48.3M	50x
Hibachi XRP/USDT-P	+0.0272%	1h	1.5659	−0.259%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5682	−0.115%	$2.0M	$33.5M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0419%	1h	1.5698	−0.013%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0609%	1h	1.5702	+0.013%	$297.7M	$206.7M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5701	+0.009%	$512K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0765%	1h	1.5614	−0.550%	$1K	$11K	10x	as long as short