XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0081%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h −0.006%

Price spread now: dYdX against Deribit−0.074%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$730.729% of the position

Long on Deribit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.263%−$26 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.074%, 7d avg −0.021%

Together, before fees−0.167%−$17 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 dYdX is 0.053% cheaper against Deribit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5126	0.0081	pay 0.0010% / 1h	13m 12s	$7.7M	$25.5M	50x
Short	dYdX XRP-USD	1.5115	0	get 0.0000% / 1h	13m 12s	$1.1M	$148K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$17.01
Price spread: −0.074% → −0.021%: −$5.33
Slippage, 4 orders: −$55.91
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$95.25
Costs to cover: 0.729%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; dYdX: live order book, 1 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, 1 min ago	1.65 bp	6.0 bp −$6	9.2 bp −$92	doesn't fit	doesn't fit
Sell dYdX live order book, 1 min ago	23.20 bp	28.9 bp −$29	31.8 bp −$318	76.6 bp −$7,663	205.9 bp −$102.9K

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	1.5099	−0.179%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5120	−0.039%	$14.2M	$75.0M	50x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5115	−0.074%	$1.1M	$148K	10x
Phoenix XRP	0.0000%	1h	1.5090	−0.238%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5120	−0.038%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.869%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0072% / S −0.0016%	1h	1.5122	−0.028%	$797K	—	200x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0081%	1h	1.5126	long leg	$7.7M	$25.5M	50x
01 Exchange XRPUSD	+0.0088%	1h	1.5127	+0.007%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5126	−0.001%	$2.8M	$15.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5127	+0.007%	$547K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5115	−0.073%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5112	−0.089%	$981K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5126	+0.001%	$38.4M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5119	−0.046%	$601K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5129	+0.020%	$526.2M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5131	+0.033%	$344.1M	$965.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5131	+0.033%	$126.5M	$886.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5088	−0.251%	$561K	$34K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5129	+0.020%	$144K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	−0.658%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5125	−0.007%	$371.8M	$160.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5124	−0.013%	$295.8M	$925.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5124	−0.011%	$106.8M	$181.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5121	−0.033%	$265.6M	$398.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5123	−0.020%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5072	−0.357%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5079	−0.309%	$655K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5088	−0.251%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5085	−0.271%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5121	−0.033%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5130	+0.026%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5125	−0.008%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5122	−0.026%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5123	−0.019%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5126	+0.002%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5121	−0.033%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5123	−0.020%	$49.4M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5120	−0.040%	$53.8M	$32.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	+0.021%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5116	−0.064%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5120	−0.036%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0122%	1h	1.5140	+0.093%	$289.1M	$262.3M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5128	+0.013%	$5.7M	$48.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5102	−0.161%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0196%	1h	1.5124	−0.013%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0201%	8h	1.5127	+0.007%	$1.7M	$35.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5121	−0.032%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5123	−0.020%	$23.2M	$77.3M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5126	−0.002%	$520K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0587%	1h	1.5080	−0.306%	$2K	$16K	10x	as long as short