XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Deribit against gTrade (Gains Network)−0.027%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$287as in the Price arb table

costs, in and out, $10k−$2812.813% of the position

Long on gTrade (Gains Network)Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.061%+$6 on $10k

Price spread, last 3 days (all we have)−0.136%−$14 · spread now −0.027%, 7d avg +0.026%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.053% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XRP/USD	1.5556	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	19m 25s	$260K	—	150x
Short	Deribit XRP_USDC-PERPETUAL	1.5552	0	get 0.0000% / 1h	19m 25s	$9.6M	$25.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee DeribitbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$0.69
Price spread: −0.027% → +0.026%: −$5.28
Slippage, 4 orders: −$264.34
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$287.31
Costs to cover: 2.813%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 65 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 gTrade (Gains Network) virtual book (oracle venue), 65 min ago	130.03 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell Deribit live order book, 5 min ago	1.93 bp	5.9 bp −$6	7.6 bp −$76	47.8 bp −$4,781	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	1.5550	−0.040%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5542	−0.088%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUALshort	0.0000%	1h	1.5552	−0.027%	$9.6M	$25.3M	50x
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5556	long leg	$260K	—	150x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.024%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5538	−0.119%	$15.4M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5549	−0.046%	$78K	$949K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0118%	1h	1.5559	+0.017%	$1.1M	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5544	−0.078%	$3.0M	$12.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5550	−0.040%	$440K	$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
Nado XRP-PERP	+0.0100%	1h	1.5549	−0.043%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5555	−0.011%	$39.4M	$78.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5545	−0.072%	$640K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5561	+0.028%	$559.7M	$1.98B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5552	−0.027%	$346.5M	$900.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5549	−0.046%	$127.6M	$881.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5556	−0.001%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5549	−0.046%	$119K	$742K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5567	+0.067%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5558	+0.012%	$374.2M	$140.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5560	+0.024%	$295.6M	$858.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5553	−0.022%	$113.8M	$159.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5549	−0.046%	$271.7M	$363.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5557	+0.005%	—	$118.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5549	−0.049%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5567	+0.068%	$676K	$102.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5574	+0.112%	$1.1M	$41.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5555	−0.008%	$1.0M	$883K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5558	+0.012%	$47K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5560	+0.024%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5551	−0.036%	$837K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5565	+0.056%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5537	−0.123%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5543	−0.083%	$51.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5543	−0.085%	$55.3M	$29.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5553	−0.020%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5541	−0.096%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5551	−0.033%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5540	−0.101%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5547	−0.059%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5555	−0.008%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5566	+0.061%	$18K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5555	−0.007%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5544	−0.078%	$5.8M	$47.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5570	+0.089%	$24.5M	$74.0M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0297%	1h	1.5552	−0.027%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0322%	8h	1.5569	+0.082%	$1.9M	$33.0M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5560	+0.024%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5557	+0.004%	$509K	$630K	10x	as long as short
Hyperliquid XRP	+0.0598%	1h	1.5571	+0.095%	$290.4M	$203.7M	20x	as long as short
Aftermath Perps XRPUSD	+0.0760%	1h	1.5559	+0.016%	$1K	$11K	10x	as long as short