Funding you earn now, next payment 02:00 UTC−0.0111%/8h= −12.2% APRpaid last 24h +0.006%
Price spread now: GRVT against Deribit−0.276%75s7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$210.212% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 3 days (all we have)+0.254%+$25 · spread now −0.276%, 7d avg −0.042%
=Together, before fees+0.188%+ Points / potential airdropGRVT: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GRVT is 0.234% cheaper against Deribit than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.042%). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit XRP_USDC-PERPETUAL | 1.5206 | 0.0211 | pay 0.0026% / 1h | 26m 13s | $7.7M | $25.2M | 50x |
| Short | GRVT XRP_USDT_Perp | 1.5164 | 0.0100 | get 0.0100% / 8h | 6h 26m | $1.1M | $38.0M | 20x |
Deribit XRP_USDC-PERPETUAL
GRVT XRP_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$23.31
- Price spread: −0.276% → −0.042%
- −$23.41
- Slippage, 4 orders
- −$5.24
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$67.97
- Costs to cover
- 0.212%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 3 min ago; GRVT: live order book, 3 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, 3 min ago | 0.99 bp | 5.3 bp −$5 | 8.2 bp −$82 | 42.7 bp −$4,266 | doesn't fit |
| Sell GRVT live order book, 3 min ago | 0.33 bp | 4.8 bp −$5 | 12.4 bp −$124 | 54.4 bp −$5,441 | 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 | 1.5184 | −0.145% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5182 | −0.156% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5160 | −0.303% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5197 | −0.059% | $254K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0020% / S +0.0059% | 1h | 1.5197 | −0.061% | $803K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.328% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5203 | −0.021% | $14.6M | $72.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0072% | 8h | 1.5203 | −0.020% | $62K | $953K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5204 | −0.011% | $2.8M | $14.2M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5206 | 0.000% | $518K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5188 | −0.118% | $11K | $307K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5192 | −0.089% | $890K | $5.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5204 | −0.016% | $38.7M | $84.1M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5193 | −0.087% | $610K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5205 | −0.007% | $539.3M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5206 | 0.000% | $342.8M | $940.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5209 | +0.020% | $124.8M | $874.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5174 | −0.210% | $565K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5199 | −0.046% | $115K | $700K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | −0.109% | $1.6M | $330K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5201 | −0.033% | $369.9M | $152.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5202 | −0.026% | $292.2M | $912.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5206 | −0.003% | $107.4M | $171.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5205 | −0.007% | $266.6M | $383.9M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5205 | −0.007% | — | $126.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5199 | −0.046% | $6.2M | $35.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5164 | −0.276% | $658K | $108.7M | 30x | as long as short |
| GRVT XRP_USDT_Perpshort | +0.0100% | 8h | 1.5164 | −0.276% | $1.1M | $38.0M | 20x | |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5179 | −0.178% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5195 | −0.073% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5200 | −0.039% | $44K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5202 | −0.029% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5206 | +0.001% | $818K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5210 | +0.027% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5203 | −0.020% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5207 | +0.005% | $49.8M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5202 | −0.026% | $54.1M | $29.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5195 | −0.072% | $474K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5199 | −0.043% | $2.1M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5201 | −0.030% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0128% | 1h | 1.5201 | −0.033% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUALlong | +0.0211% | 1h | 1.5206 | long leg | $7.7M | $25.2M | 50x | |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5199 | −0.048% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5210 | +0.026% | $5.7M | $46.8M | 50x | as long as short |
| Hyperliquid XRP | +0.0220% | 1h | 1.5211 | +0.033% | $281.5M | $223.4M | 20x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5174 | −0.208% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0356% | 8h | 1.5199 | −0.046% | $2.1M | $35.8M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0364% | 1h | 1.5215 | +0.059% | $1.9M | $1.3M | 25x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5201 | −0.034% | $536K | $784K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0752% | 1h | 1.5164 | −0.274% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Hyperliquid XRP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD