XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.024%

Price spread now: Arcus against Deribit+0.046%7-day average −0.022% · 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−$11as in the Price arb table

costs, in and out, $10k−$180.180% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.046%, 7d avg −0.022%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.068% dearer against Deribit than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.022%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5087	0.0148	pay 0.0019% / 1h	17m 13s	$7.7M	$25.5M	50x
Short	Arcus XRP-USD	1.5094	0.0100	get 0.0013% / 1h	17m 13s	$144K	$712K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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 DeribitbpFee ArcusbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$10.08
Price spread: +0.046% → −0.022%: $6.79
Slippage, 4 orders: −$6.46
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$21.25
Costs to cover: 0.180%
Break-even: never at this rate

Slippage from Deribit: live order book, 2 min ago; Arcus: live order book, 32 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 Deribit live order book, 2 min ago	0.99 bp	4.9 bp −$5	6.7 bp −$67	44.7 bp −$4,469	doesn't fit
Sell Arcus live order book, 32 min ago	0.99 bp	4.8 bp −$5	10.9 bp −$109	35.0 bp −$3,500	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	1.5083	−0.027%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5079	−0.051%	$14.2M	$74.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5079	−0.051%	$1.1M	$133K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	+0.020%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5078	−0.058%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.135%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0071% / S −0.0014%	1h	1.5077	−0.067%	$794K	—	200x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5085	−0.013%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5081	−0.038%	$2.8M	$15.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5081	−0.040%	$545K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5077	−0.066%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5082	−0.030%	$976K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5081	−0.041%	$38.3M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5084	−0.019%	$600K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5080	−0.045%	$524.5M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5078	−0.060%	$344.0M	$963.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5078	−0.060%	$125.9M	$882.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5044	−0.285%	$560K	$31K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5094	+0.046%	$144K	$712K	20x
Bulk XRP-USD	+0.0100%	1h	1.5026	−0.401%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5079	−0.053%	$370.5M	$160.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5078	−0.060%	$287.9M	$923.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5080	−0.046%	$105.5M	$180.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5078	−0.060%	$264.7M	$397.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5081	−0.040%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5046	−0.273%	$4.7M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5054	−0.217%	$654K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5083	−0.026%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5092	+0.033%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5087	−0.002%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5084	−0.020%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5079	−0.052%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5080	−0.046%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5081	−0.043%	$811K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5089	+0.015%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5082	−0.033%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5083	−0.029%	$49.3M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5078	−0.060%	$53.8M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5096	+0.057%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5079	−0.056%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5080	−0.043%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0106%	1h	1.5094	+0.046%	$288.0M	$262.1M	20x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0148%	1h	1.5087	long leg	$7.7M	$25.5M	50x
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5090	+0.020%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0192%	1h	1.5088	+0.007%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5090	+0.020%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0193%	8h	1.5090	+0.020%	$1.7M	$35.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5077	−0.064%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5077	−0.066%	$23.1M	$77.0M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5089	+0.015%	$519K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0599%	1h	1.5059	−0.188%	$2K	$16K	10x	as long as short