XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h +0.038%

Price spread now: Kraken Futures against Deribit−0.006%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.006%, 7d avg −0.019%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5481	0	get 0.0000% / 1h	59m 29s	$8.0M	$22.2M	50x
Short	Kraken Futures PF_XRPUSD	1.5480	−0.0168	pay 0.0021% / 1h	59m 29s	$14.2M	$73.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$35.36
Price spread: −0.006% → −0.019%: $1.36
Slippage, 4 orders: −$19
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$70
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from Deribit: live order book, 5 min ago; Kraken Futures: 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	1.93 bp	10.5 bp −$11	25.0 bp −$250	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	0.64 bp	9.3 bp −$9	10.4 bp −$104	21.1 bp −$2,112	45.4 bp −$22.7K

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
Kraken Futures PF_XRPUSDshort	−0.0168%	1h	1.5480	−0.006%	$14.2M	$73.6M	50x
Hotstuff XRP-PERP	−0.0080%	1h	1.5476	−0.032%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5490	+0.058%	$70K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUALlong	0.0000%	1h	1.5481	long leg	$8.0M	$22.2M	50x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5479	−0.016%	$251K	—	150x	as long as short
dYdX XRP-USD	+0.0005%	1h	1.5474	−0.046%	$1.1M	$155K	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.510%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5479	−0.016%	$18K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5458	−0.146%	$2.8M	$14.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5463	−0.116%	$613K	$3.0M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5464	−0.110%	$20K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5463	−0.114%	$482K	$52K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5463	−0.116%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5472	−0.056%	$39.2M	$82.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5462	−0.121%	$611K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5471	−0.065%	$539.8M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5473	−0.052%	$361.3M	$906.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5460	−0.136%	$125.2M	$849.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5451	−0.194%	$569K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5466	−0.097%	$168K	$704K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5432	−0.315%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5464	−0.110%	$385.1M	$154.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5458	−0.149%	$311.0M	$892.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5469	−0.081%	$109.7M	$180.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5458	−0.149%	$274.0M	$360.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5464	−0.110%	—	$105.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5471	−0.067%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5486	+0.032%	$675K	$114.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5484	+0.016%	$1.1M	$32.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5492	+0.071%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5467	−0.090%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5472	−0.058%	$53K	$502K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5479	−0.015%	$42K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5479	−0.013%	$78K	$623K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5480	−0.005%	$130K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5477	−0.026%	$31K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5468	−0.083%	$50.5M	$14.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5479	−0.013%	$55.0M	$33.2M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5458	−0.148%	$2.1M	$5.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5476	−0.029%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5474	−0.045%	$9K	$2K	10x	as long as short
Hyperliquid XRP	+0.0133%	1h	1.5471	−0.065%	$298.6M	$266.4M	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0143% / S −0.0109%	1h	1.5484	+0.021%	$830K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5480	−0.006%	$5.3M	$46.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5491	+0.065%	$1.8M	$33.0M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5481	0.000%	$23.8M	$79.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5454	−0.176%	$1.4M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0234%	1h	1.5486	+0.032%	$2.0M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5459	−0.139%	$521K	$795K	10x	as long as short
Aftermath Perps XRPUSD	+0.0478%	1h	1.5481	+0.002%	$3K	$15K	10x	as long as short