Funding you earn now, next payment 02:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h +0.016%
Price spread now: Kraken Futures against Extended−0.017%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.017%, 7d avg +0.033%
=Together, before fees−0.012%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.050% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended XRP-USD | 1.5107 | 0.0104 | pay 0.0013% / 1h | 59m 49s | $2.0M | $6.9M | 50x |
| Short | Kraken Futures PF_XRPUSD | 1.5104 | 0.0040 | get 0.0005% / 1h | 59m 49s | $14.5M | $72.7M | 50x |
Extended XRP-USD
Kraken Futures PF_XRPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$13.47
- Price spread: −0.017% → +0.033%
- −$4.98
- Slippage, 4 orders
- −$8.98
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$42.43
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; Kraken Futures: live order book, 4 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, 4 min ago | 0.33 bp | 4.5 bp −$4 | 5.4 bp −$54 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 1.32 bp | 6.9 bp −$7 | 11.8 bp −$118 | 21.0 bp −$2,103 | 48.6 bp −$24.3K |
XRP on 50 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 | 1.5113 | +0.040% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5109 | +0.011% | $1.1M | $110K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5140 | +0.219% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5103 | −0.024% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0024% / S +0.0052% | 1h | 1.5103 | −0.028% | $798K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.999% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSDshort | +0.0040% | 1h | 1.5104 | −0.017% | $14.5M | $72.7M | 50x | |
| Orderly PERP_XRP_USDC | +0.0074% | 8h | 1.5110 | +0.020% | $62K | $935K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0081% | 1h | 1.5110 | +0.020% | $7.7M | $25.1M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5106 | −0.007% | $2.8M | $14.5M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Lighter XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5111 | +0.027% | $508K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5107 | +0.001% | $10K | $299K | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5128 | +0.140% | $279.7M | $220.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5105 | −0.010% | $38.3M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5113 | +0.040% | $607K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5119 | +0.083% | $535.8M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5120 | +0.087% | $341.2M | $924.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5124 | +0.113% | $124.4M | $863.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5106 | −0.006% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5114 | +0.047% | $114K | $694K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5144 | +0.246% | $1.6M | $214K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5114 | +0.047% | $367.1M | $154.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5114 | +0.047% | $290.8M | $920.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5107 | +0.003% | $106.4M | $170.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5119 | +0.080% | $266.9M | $379.7M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5116 | +0.060% | — | $126.8M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5125 | +0.119% | $6.2M | $35.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5146 | +0.260% | $658K | $109.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5132 | +0.165% | $1.1M | $36.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5159 | +0.345% | $1.2M | $1.0M | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5118 | +0.077% | $966K | $6.0M | 20x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5116 | +0.062% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5110 | +0.020% | $42K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5108 | +0.009% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5110 | +0.023% | $813K | $75K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5117 | +0.066% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5108 | +0.007% | $30K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5111 | +0.024% | $49.5M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5109 | +0.014% | $53.8M | $29.9M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5113 | +0.040% | $471K | $55K | 50x | as long as short |
| Extended XRP-USDlong | +0.0104% | 1h | 1.5107 | long leg | $2.0M | $6.9M | 50x | |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5107 | 0.000% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0128% | 1h | 1.5111 | +0.027% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5103 | −0.025% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5111 | +0.027% | $5.7M | $46.3M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0323% | 1h | 1.5111 | +0.027% | $1.9M | $1.3M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0328% | 1h | 1.5135 | +0.187% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0358% | 8h | 1.5116 | +0.060% | $2.1M | $35.1M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5115 | +0.051% | $526K | $787K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0764% | 1h | 1.5132 | +0.166% | $2K | $14K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
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
Nado XRP-PERP
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
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD