XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0294%/8h= −32.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.079%

Price spread now: GMX against Deribit−0.093%7-day average +0.004% · you buy dearer than you sell

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.209%−$21 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.093%, 7d avg +0.004%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.097% cheaper against Deribit than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5394	0.0205	pay 0.0026% / 1h	56m 42s	$9.3M	$25.7M	50x
Short	GMX XRP/USD [ETH-USDC]	1.5380	L +0.0008% / S +0.0089%	pay 0.0011% / 1h	56m 42s	$842K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$61.65
Price spread: −0.093% → +0.004%: −$9.67
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$90.32
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 2 min ago; GMX: 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 Deribit live order book, 2 min ago	0.33 bp	5.7 bp −$6	7.8 bp −$78	152.8 bp −$15.3K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	1.5390	−0.026%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5379	−0.095%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	−0.286%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5385	−0.057%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]short	L +0.0008% / S +0.0089%	1h	1.5380	−0.093%	$842K	—	200x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.078%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5386	−0.052%	$75K	$910K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5387	−0.044%	$2.9M	$13.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5385	−0.058%	$514K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5382	−0.078%	$8K	$8K	10x	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	+0.0100%	8h	1.5379	−0.097%	$12K	$271K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5370	−0.153%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5390	−0.028%	$39.0M	$83.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5386	−0.052%	$636K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5385	−0.059%	$541.5M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5380	−0.091%	$341.0M	$932.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5377	−0.110%	$125.7M	$886.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5339	−0.357%	$572K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5380	−0.091%	$116K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	−0.370%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5381	−0.084%	$375.0M	$147.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5381	−0.084%	$302.0M	$889.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5381	−0.081%	$110.0M	$167.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5378	−0.104%	$269.6M	$378.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5379	−0.097%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	−0.309%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5357	−0.240%	$667K	$106.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	−0.163%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	−0.273%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5362	−0.205%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5374	−0.130%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5379	−0.097%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5388	−0.040%	$828K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5392	−0.014%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5386	−0.052%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5386	−0.055%	$50.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5386	−0.052%	$54.8M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5377	−0.110%	$479K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5374	−0.133%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5390	−0.029%	$56K	$18K	3x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0205%	1h	1.5394	long leg	$9.3M	$25.7M	50x
Reya XRPRUSDPERP	+0.0213%	1h	1.5370	−0.159%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5390	−0.026%	$24.0M	$75.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5391	−0.019%	$5.8M	$47.1M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5388	−0.040%	$14.9M	$70.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5344	−0.324%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5384	−0.065%	$2.2M	$35.3M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0318%	1h	1.5401	+0.045%	$1.7M	$1.2M	25x	as long as short
Hyperliquid XRP	+0.0583%	1h	1.5404	+0.065%	$292.0M	$216.9M	20x	as long as short
Aftermath Perps XRPUSD	+0.0780%	1h	1.5354	−0.260%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5383	−0.069%	$513K	$753K	10x	as long as short