XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0101%/8h= −11.1% APRnext payment −$0.13 per $10,000 · paid last 24h +0.020%

Price spread now: Kraken Futures against Derive+0.046%7-day average +0.005% · you sell dearer than you buy

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

Long on Derive Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now +0.046%, 7d avg +0.005%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.042% dearer against Derive than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.005%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.5131	0.0100	pay 0.0013% / 1h	12m 15s	$814K	$72K	10x
Short	Kraken Futures PF_XRPUSD	1.5138	−0.0001	pay 0.0000% / 1h	12m 15s	$14.2M	$74.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$21.22
Price spread: +0.046% → +0.005%: $4.15
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$33.07
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	0.99 bp	8.0 bp −$8	11.5 bp −$115	20.4 bp −$2,037	47.6 bp −$23.8K

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	1.5099	−0.213%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSDshort	−0.0001%	1h	1.5138	+0.046%	$14.2M	$74.6M	50x
dYdX XRP-USD	0.0000%	1h	1.5124	−0.046%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	−0.272%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5128	−0.020%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.834%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0072% / S −0.0016%	1h	1.5128	−0.024%	$798K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5140	+0.058%	$7.7M	$25.5M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5132	+0.005%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5139	+0.053%	$2.8M	$15.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5141	+0.065%	$547K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5120	−0.074%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5132	+0.009%	$983K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5136	+0.033%	$38.4M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5134	+0.020%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5138	+0.044%	$526.8M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5140	+0.058%	$344.4M	$965.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5139	+0.052%	$126.6M	$886.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5088	−0.285%	$561K	$34K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5135	+0.025%	$144K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5132	+0.004%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5130	−0.008%	$372.0M	$160.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5139	+0.052%	$296.0M	$925.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5137	+0.039%	$106.8M	$181.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5140	+0.058%	$266.1M	$398.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5139	+0.052%	—	$105.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5072	−0.391%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5079	−0.343%	$655K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5088	−0.285%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5085	−0.305%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5131	−0.003%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5132	+0.005%	$51K	$488K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5129	−0.015%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5130	−0.008%	$62K	$934K	50x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5131	long leg	$814K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5133	+0.014%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5138	+0.045%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5132	+0.006%	$49.4M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5129	−0.014%	$53.9M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5140	+0.056%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5129	−0.013%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5135	+0.022%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0128%	1h	1.5145	+0.091%	$289.2M	$262.4M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5144	+0.085%	$5.7M	$48.5M	50x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5102	−0.195%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0202%	1h	1.5148	+0.111%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0209%	8h	1.5136	+0.032%	$1.7M	$35.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5127	−0.026%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5123	−0.054%	$23.2M	$77.3M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5135	+0.026%	$520K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0591%	1h	1.5091	−0.263%	$2K	$16K	10x	as long as short