XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: dYdX against Derive−0.066%7-day average +0.001% · you buy dearer than you sell

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

Long on Derive Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.221%−$22 on $10k

Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.066%, 7d avg +0.001%

Together, before fees+0.006%+$1 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 dYdX is 0.067% cheaper against Derive than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.5115	0.0100	pay 0.0013% / 1h	1m 15s	$813K	$72K	10x
Short	dYdX XRP-USD	1.5105	0	get 0.0000% / 1h	1m 15s	$1.1M	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Derive. 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 DerivebpFee dYdXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$21
Price spread: −0.066% → +0.001%: −$6.71
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$43.71
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; dYdX: 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 dYdX live order book, 3 min ago	15.20 bp	20.2 bp −$20	20.2 bp −$202	55.6 bp −$5,559	97.0 bp −$48.5K

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	1.5103	−0.078%	$5K	$3K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5105	−0.066%	$1.1M	$115K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5112	−0.017%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0015%	1h	1.5119	+0.028%	$7.7M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5117	+0.013%	$14.3M	$74.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.946%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5112	−0.018%	$793K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5119	+0.030%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5121	+0.042%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5109	−0.038%	$10K	$356K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5104	−0.073%	$984K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5113	−0.009%	$38.9M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5107	−0.051%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5115	+0.004%	$531.5M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5116	+0.008%	$342.8M	$948.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5117	+0.015%	$125.0M	$885.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5150	+0.233%	$562K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5113	−0.011%	$137K	$722K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5113	−0.011%	$372.7M	$158.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5115	+0.002%	$293.7M	$911.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5115	+0.001%	$108.1M	$179.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5114	−0.005%	$268.3M	$391.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5115	+0.002%	—	$128.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5147	+0.213%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5118	+0.025%	$656K	$111.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5149	+0.227%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5120	+0.035%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5114	−0.007%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5117	+0.015%	$49K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5110	−0.029%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5113	−0.011%	$62K	$934K	50x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5115	long leg	$813K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5116	+0.006%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5116	+0.008%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5115	+0.004%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5115	+0.002%	$53.8M	$31.4M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5107	−0.048%	$1.6M	$29K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5107	−0.051%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5110	−0.028%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5116	+0.007%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5107	−0.051%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0179%	8h	1.5116	+0.008%	$1.8M	$35.4M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5123	+0.055%	$5.7M	$48.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5112	−0.016%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5112	−0.018%	$24.1M	$75.7M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0226%	1h	1.5126	+0.075%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5113	−0.013%	$17K	$82K	7x	as long as short
Hyperliquid XRP	+0.0354%	1h	1.5128	+0.088%	$290.3M	$256.0M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5111	−0.023%	$515K	$777K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5150	+0.233%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0636%	1h	1.5130	+0.099%	$2K	$15K	10x	as long as short