Funding you earn now, next payment 07:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.02 per $10,000 · paid last 24h −0.023%
Price spread now: Deribit against Derive+0.047%182s7-day average +0.024% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.047%, 7d avg +0.024%
=The price spread pays, funding is against you. Deribit is 0.024% dearer against Derive than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of +0.024%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. The two prices were read 182 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 | Derive XRP-PERP | 1.5145 | 0.0100 | pay 0.0013% / 1h | 36m 15s | $815K | $73K | 10x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.5152 | 0.0080 | get 0.0010% / 1h | 36m 15s | $7.7M | $24.9M | 50x |
Derive XRP-PERP
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Derive. 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
- −$4.2
- Price spread: +0.047% → +0.024%
- $2.37
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$14.83
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Deribit: live order book, 3 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 3 min ago | 0.33 bp | 4.6 bp −$5 | 7.2 bp −$72 | 45.3 bp −$4,533 | doesn't fit |
Derive: 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 | 1.5165 | +0.133% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5143 | −0.014% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5150 | +0.034% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5145 | +0.003% | $245K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0025% | 1h | 1.5147 | +0.017% | $14.4M | $75.2M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.741% | $2K | $107K | 30x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | +0.0080% | 1h | 1.5152 | +0.047% | $7.7M | $24.9M | 50x | |
| GMX XRP/USD [ETH-USDC] | L +0.0082% / S −0.0031% | 1h | 1.5142 | −0.022% | $799K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0088% | 1h | 1.5157 | +0.080% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5149 | +0.030% | $2.8M | $15.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5156 | +0.074% | $545K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5150 | +0.034% | $12K | $368K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5153 | +0.052% | $985K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5153 | +0.054% | $38.5M | $87.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5155 | +0.064% | $616K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5153 | +0.053% | $531.0M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5147 | +0.014% | $345.3M | $964.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5148 | +0.021% | $127.2M | $883.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5151 | +0.041% | $564K | $32K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5158 | +0.087% | $143K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5145 | +0.001% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5141 | −0.025% | $375.8M | $159.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5155 | +0.067% | $298.5M | $922.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5150 | +0.036% | $107.2M | $181.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5148 | +0.021% | $267.2M | $397.9M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5146 | +0.008% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5148 | +0.020% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5136 | −0.059% | $658K | $113.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5151 | +0.043% | $1.1M | $36.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5156 | +0.074% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5150 | +0.037% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5148 | +0.021% | $47K | $489K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5145 | +0.001% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5147 | +0.014% | $65K | $774K | 50x | as long as short |
| Derive XRP-PERPlong | +0.0100% | 1h | 1.5145 | long leg | $815K | $73K | 10x | |
| SunX XRP-USDT | +0.0100% | 8h | 1.5146 | +0.008% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5147 | +0.014% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5168 | +0.154% | $49.5M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5153 | +0.054% | $54.3M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5162 | +0.115% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5142 | −0.020% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5147 | +0.012% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0160% | 1h | 1.5164 | +0.129% | $17K | $79K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0168% | 1h | 1.5164 | +0.127% | $2.0M | $1.4M | 25x | as long as short |
| Hyperliquid XRP | +0.0170% | 1h | 1.5153 | +0.054% | $288.0M | $264.6M | 20x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5154 | +0.061% | $5.7M | $48.2M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0209% | 8h | 1.5157 | +0.080% | $1.8M | $35.2M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5136 | −0.056% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5153 | +0.054% | $23.5M | $77.8M | 125x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5148 | +0.021% | $524K | $798K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0583% | 1h | 1.5150 | +0.035% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
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-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Hyperliquid XRP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD