XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0183%/8h= −20.0% APRnext payment −$0.23 per $10,000 · paid last 24h +0.045%

Price spread now: Kraken Futures against dYdX−0.102%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$600.604% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 4 days (all we have)−0.397%−$40 · spread now −0.102%, 7d avg +0.001%

Together, before fees−0.168%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.103% cheaper against dYdX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.229%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5167	0.0011	pay 0.0001% / 1h	31m 57s	$1.1M	$154K	10x
Short	Kraken Futures PF_XRPUSD	1.5152	−0.0172	pay 0.0022% / 1h	31m 57s	$14.7M	$74.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$38.4
Price spread: −0.102% → +0.001%: −$10.33
Slippage, 4 orders: −$40.4
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$109.13
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from dYdX: live order book, 2 min ago; Kraken Futures: 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	11.52 bp	16.5 bp −$17	16.5 bp −$165	23.1 bp −$2,313	73.1 bp −$36.5K
Sell Kraken Futures live order book, 2 min ago	3.63 bp	9.3 bp −$9	12.7 bp −$127	23.2 bp −$2,316	47.0 bp −$23.5K

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
Kraken Futures PF_XRPUSDshort	−0.0172%	1h	1.5152	−0.102%	$14.7M	$74.5M	50x
Hotstuff XRP-PERP	−0.0080%	1h	1.5161	−0.040%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.019%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5153	−0.093%	$7.7M	$23.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5148	−0.124%	$246K	—	150x	as long as short
dYdX XRP-USDlong	+0.0011%	1h	1.5167	long leg	$1.1M	$154K	10x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.591%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5197	+0.197%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5148	−0.123%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5154	−0.086%	$618K	$3.1M	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	1.5156	−0.073%	$20K	$381K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5153	−0.089%	$990K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	−0.133%	$38.4M	$84.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5168	+0.007%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5147	−0.132%	$528.0M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5142	−0.165%	$352.6M	$939.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5143	−0.159%	$125.8M	$848.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	+0.052%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5167	0.000%	$143K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	+0.224%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5148	−0.126%	$375.6M	$153.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5148	−0.126%	$310.1M	$917.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5148	−0.123%	$105.8M	$183.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5142	−0.165%	$267.9M	$381.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5148	−0.126%	—	$108.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	+0.217%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5198	+0.204%	$660K	$112.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5198	+0.204%	$1.1M	$33.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5222	+0.362%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5166	−0.008%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5158	−0.060%	$52K	$509K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5154	−0.086%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5152	−0.099%	$77K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5208	+0.267%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5163	−0.028%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5149	−0.119%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5173	+0.039%	$49.5M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5152	−0.099%	$54.1M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5171	+0.028%	$473K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5139	−0.188%	$2.1M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5151	−0.104%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5158	−0.060%	$8K	$2K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0119% / S −0.0084%	1h	1.5148	−0.127%	$786K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5151	−0.106%	$5.3M	$47.7M	50x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5169	+0.013%	$1.7M	$33.2M	2.9x	as long as short
Hyperliquid XRP	+0.0181%	1h	1.5158	−0.061%	$289.7M	$267.9M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0210%	1h	1.5151	−0.106%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5170	+0.019%	$23.7M	$77.5M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5148	−0.125%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5163	−0.024%	$519K	$788K	10x	as long as short
Aftermath Perps XRPUSD	+0.0558%	1h	1.5191	+0.160%	$2K	$16K	10x	as long as short