Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Orderly against Derive+0.014%177s7-day average −0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.014%, 7d avg −0.007%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.022% dearer against Derive than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 177 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 01s | $815K | $73K | 10x |
| Short | Orderly PERP_XRP_USDC | 1.5147 | 0.0100 | get 0.0100% / 8h | 1h 36m | $65K | $774K | 50x |
Derive XRP-PERP
Orderly PERP_XRP_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $0
- Price spread: +0.014% → −0.007%
- $2.17
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$9.83
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample | — | — | — | — | — |
Derive and Orderly: 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-PERPETUAL | +0.0080% | 1h | 1.5152 | +0.047% | $7.7M | $24.9M | 50x | as long as short |
| 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
Deribit XRP_USDC-PERPETUAL
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 | 1.5151 | +0.041% | $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 | 1.5150 | +0.034% | $345.4M | $963.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5153 | +0.054% | $127.2M | $883.4M | 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 | 1.5150 | +0.034% | $376.1M | $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 | 1.5151 | +0.041% | $267.3M | $397.9M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5149 | +0.028% | — | $105.8M | — | 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_USDCshort | +0.0100% | 8h | 1.5147 | +0.014% | $65K | $774K | 50x | |
| 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 | 1.5157 | +0.080% | $2.0M | $1.4M | 25x | as long as short |
| Hyperliquid XRP | +0.0173% | 1h | 1.5161 | +0.107% | $288.2M | $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-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
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