XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0214%/8h= +23.4% APRnext payment +$0.27 per $10,000 · paid last 24h +0.052%

Price spread now: Coinbase International against Deribit+0.020%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.020%, 7d avg +0.003%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5363	0.0010	pay 0.0001% / 1h	58m 49s	$9.3M	$25.7M	50x
Short	Coinbase International XRP-PERP-INTX	1.5366	0.0224	get 0.0028% / 1h	58m 49s	$5.8M	$47.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.020%Rate

Funding earned: $44.94
Price spread: +0.020% → +0.003%: $1.66
Slippage, 4 orders: −$9.87
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $19.73
Costs to cover: 0.269%
Break-even: 3.9 days

Slippage from Deribit: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago	1.30 bp	5.3 bp −$5	7.0 bp −$70	41.3 bp −$4,126	doesn't fit
Sell Coinbase International live order book, 5 min ago	0.65 bp	8.2 bp −$8	10.8 bp −$108	23.3 bp −$2,335	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	1.5368	+0.033%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5363	−0.002%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	−0.085%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5354	−0.057%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0089%	1h	1.5354	−0.060%	$842K	—	200x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0010%	1h	1.5363	long leg	$9.3M	$25.7M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.282%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5362	−0.007%	$75K	$910K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5332	−0.204%	$2.9M	$13.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5340	−0.150%	$513K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5342	−0.137%	$38.8M	$83.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5353	−0.064%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5352	−0.072%	$540.4M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5351	−0.078%	$340.0M	$933.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5347	−0.104%	$125.5M	$886.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.280%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5355	−0.052%	$117K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5333	−0.195%	$1.7M	$570K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5349	−0.091%	$372.4M	$147.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5349	−0.091%	$300.1M	$888.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5353	−0.064%	$109.7M	$167.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5348	−0.098%	$268.7M	$378.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5353	−0.065%	—	$123.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	−0.108%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5347	−0.107%	$666K	$106.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	+0.039%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	−0.072%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5360	−0.021%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5364	+0.007%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5357	−0.036%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5364	+0.004%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5365	+0.012%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5359	−0.026%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5356	−0.043%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5350	−0.085%	$54.7M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5361	−0.016%	$479K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5344	−0.127%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5362	−0.010%	$72K	$2K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5360	−0.023%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5351	−0.078%	$24.0M	$75.0M	125x	as long as short
01 Exchange XRPUSD	+0.0224%	1h	1.5360	−0.020%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0224%	1h	1.5366	+0.020%	$5.8M	$47.0M	50x
Backpack XRP_USDC_PERP	+0.0230%	1h	1.5350	−0.085%	$1.7M	$1.2M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5362	−0.006%	$14.9M	$70.3M	50x	as long as short
Nado XRP-PERP	+0.0287%	1h	1.5360	−0.016%	$1.0M	$5.6M	20x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5367	+0.025%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0316%	8h	1.5367	+0.026%	$2.2M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0491%	1h	1.5365	+0.013%	$291.0M	$216.7M	20x	as long as short
Aftermath Perps XRPUSD	+0.0773%	1h	1.5350	−0.082%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5360	−0.017%	$512K	$753K	10x	as long as short