XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0224%/8h= +24.5% APRnext payment +$0.28 per $10,000 · paid last 24h +0.055%

Price spread now: Coinbase International against dYdX+0.298%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$1061.064% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 3 days (all we have)−0.304%−$30 · spread now +0.298%, 7d avg +0.028%

Together, before fees−0.116%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.270% dearer against dYdX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5345	0	get 0.0000% / 1h	56m 52s	$1.1M	$113K	10x
Short	Coinbase International XRP-PERP-INTX	1.5391	0.0224	get 0.0028% / 1h	56m 52s	$5.8M	$47.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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 dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.298%Rate

Funding earned: $47.04
Price spread: +0.298% → +0.028%: $27.01
Slippage, 4 orders: −$86.41
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$32.36
Costs to cover: 1.064%
Break-even: 11.8 days

Slippage from dYdX: live order book, 2 min ago; Coinbase International: live order book, 2 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 dYdX live order book, 2 min ago	40.09 bp	45.5 bp −$46	47.5 bp −$475	69.6 bp −$6,963	223.3 bp −$111.6K
Sell Coinbase International live order book, 2 min ago	0.33 bp	9.0 bp −$9	10.7 bp −$107	22.9 bp −$2,294	doesn't fit

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	1.5364	+0.122%	$7K	$2K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5345	long leg	$1.1M	$113K	10x
Phoenix XRP	0.0000%	1h	1.5350	+0.030%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5385	+0.260%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0089%	1h	1.5380	+0.224%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.399%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5386	+0.265%	$75K	$910K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5370	+0.161%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5389	+0.283%	$2.9M	$13.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5387	+0.272%	$514K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5366	+0.135%	$12K	$271K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5370	+0.164%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5390	+0.293%	$39.0M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5356	+0.069%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5388	+0.280%	$541.6M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5389	+0.285%	$341.0M	$932.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5385	+0.259%	$125.7M	$887.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5339	−0.041%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5365	+0.128%	$116K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	−0.054%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5389	+0.285%	$375.2M	$147.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5388	+0.278%	$302.7M	$889.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5388	+0.278%	$110.0M	$167.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5386	+0.265%	$269.8M	$378.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5387	+0.272%	—	$123.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	+0.007%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5357	+0.076%	$667K	$106.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	+0.154%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	+0.043%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5362	+0.111%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5374	+0.187%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5379	+0.219%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5388	+0.277%	$828K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5392	+0.303%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5386	+0.265%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5386	+0.262%	$50.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5386	+0.265%	$54.8M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5359	+0.091%	$479K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5389	+0.282%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5390	+0.288%	$56K	$18K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0205%	1h	1.5394	+0.317%	$9.3M	$25.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5370	+0.158%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5390	+0.291%	$24.0M	$75.1M	125x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0224%	1h	1.5391	+0.298%	$5.8M	$47.1M	50x
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5388	+0.277%	$14.9M	$70.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5344	−0.008%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5384	+0.252%	$2.2M	$35.3M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0318%	1h	1.5401	+0.363%	$1.7M	$1.2M	25x	as long as short
Hyperliquid XRP	+0.0583%	1h	1.5404	+0.382%	$292.0M	$216.9M	20x	as long as short
Aftermath Perps XRPUSD	+0.0780%	1h	1.5354	+0.056%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5371	+0.170%	$513K	$753K	10x	as long as short