Funding you earn now, next payment 03:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.026%
Price spread now: Deribit against Extended+0.104%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$150.151% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 4 days (all we have)−0.568%−$57 · spread now +0.104%, 7d avg +0.053%
=Together, before fees−0.530%+ Points / potential airdropExtended: Active · farm board−$53 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.051% dearer against Extended than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.053%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XRP-USD | 1.5153 | 0.0104 | pay 0.0013% / 1h | 34m 26s | $2.0M | $6.8M | 50x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.5169 | 0.0080 | get 0.0010% / 1h | 34m 26s | $7.7M | $25.4M | 50x |
Extended XRP-USD
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Extended. 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
- −$5.04
- Price spread: +0.104% → +0.053%
- $5.11
- Slippage, 4 orders
- −$3.05
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$14.98
- Costs to cover
- 0.151%
- Break-even
- never at this rate
Slippage from Extended: live order book, 5 min ago; Deribit: live order book, 5 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 Extended live order book, 5 min ago | 0.33 bp | 3.0 bp −$3 | 5.2 bp −$52 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 5 min ago | 0.33 bp | 4.5 bp −$5 | 5.9 bp −$59 | 41.5 bp −$4,155 | 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 | 1.5161 | +0.051% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5153 | +0.001% | $1.1M | $110K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5164 | +0.069% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0033% / S +0.0045% | 1h | 1.5164 | +0.069% | $819K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.684% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5163 | +0.064% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0075% | 8h | 1.5166 | +0.084% | $62K | $935K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | +0.0080% | 1h | 1.5169 | +0.104% | $7.7M | $25.4M | 50x | |
| Lighter XRP | +0.0096% | 1h | 1.5156 | +0.018% | $2.8M | $14.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5153 | −0.002% | $512K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
01 Exchange XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5154 | +0.005% | $10K | $308K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5168 | +0.101% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5175 | +0.143% | $281.1M | $220.8M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5155 | +0.008% | $38.4M | $83.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5155 | +0.010% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5166 | +0.084% | $537.6M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5164 | +0.071% | $344.0M | $925.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5166 | +0.084% | $125.6M | $867.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5112 | −0.272% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5162 | +0.058% | $115K | $707K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5156 | +0.019% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5157 | +0.025% | $369.6M | $151.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5167 | +0.091% | $294.6M | $896.8M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5163 | +0.063% | $106.8M | $171.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5162 | +0.058% | $266.9M | $380.2M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5167 | +0.091% | — | $126.0M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5151 | −0.018% | $5.7M | $36.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5123 | −0.201% | $657K | $109.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5134 | −0.127% | $1.1M | $35.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5125 | −0.186% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5162 | +0.059% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5164 | +0.071% | $42K | $449K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5166 | +0.084% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5170 | +0.109% | $816K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5171 | +0.114% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5167 | +0.091% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5165 | +0.080% | $49.7M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5167 | +0.091% | $53.9M | $30.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5160 | +0.044% | $473K | $55K | 50x | as long as short |
| Extended XRP-USDlong | +0.0104% | 1h | 1.5153 | long leg | $2.0M | $6.8M | 50x | |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5165 | +0.075% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0204% | 1h | 1.5175 | +0.143% | $1.9M | $1.3M | 25x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5162 | +0.060% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5170 | +0.110% | $5.6M | $46.5M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5161 | +0.051% | $24.3M | $74.9M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0272% | 1h | 1.5163 | +0.066% | $17K | $82K | 7x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0273% | 1h | 1.5165 | +0.075% | $14.5M | $73.1M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0352% | 8h | 1.5168 | +0.097% | $2.2M | $34.9M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5167 | +0.088% | $516K | $776K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5130 | −0.153% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0687% | 1h | 1.5144 | −0.064% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Hibachi XRP/USDT-P
Kraken Futures PF_XRPUSD
Kalshi KXXRPPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD