Funding you earn now, next payment 08:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: Derive against gTrade (Gains Network)+0.081%55s7-day average +0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.081%, 7d avg +0.004%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Derive is 0.076% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.004%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XRP/USD | 1.5206 | L +0.0003% / S −0.0004% | pay 0.0000% / 1h | 38m 55s | $246K | — | 150x |
| Short | Derive XRP-PERP | 1.5218 | 0.0100 | get 0.0013% / 1h | 38m 55s | $819K | $74K | 10x |
gTrade (Gains Network) XRP/USD
Derive XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.3
- Price spread: +0.081% → +0.004%
- $7.63
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $11.93
- Costs to cover
- 0.160%
- Break-even
- 2.9 days
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 65 min ago; Derive: no order-book sample. Net counts fees only.
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 | 130.02 bp | 135.0 bp −$135 | 208.0 bp −$2,080 | 1906.1 bp −$190.6K | 9819.7 bp −$4.91M |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.5216 | +0.066% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5196 | −0.063% | $1.1M | $148K | 10x | as long as short |
| gTrade (Gains Network) XRP/USDlong | L +0.0003% / S −0.0004% | 1h | 1.5206 | long leg | $246K | — | 150x | |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5215 | +0.059% | $7.8M | $24.1M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.328% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5211 | +0.030% | $14.6M | $73.8M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5214 | +0.050% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5215 | +0.059% | $604K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5190 | −0.105% | $17K | $372K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5216 | +0.069% | $1.0M | $6.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XRPUSDT | +0.0100% | 8h | 1.5210 | +0.029% | $38.6M | $87.0M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5201 | −0.032% | $613K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5215 | +0.059% | $533.0M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5213 | +0.046% | $350.3M | $956.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5216 | +0.066% | $128.5M | $875.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5224 | +0.118% | $567K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5200 | −0.039% | $144K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | −0.105% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5208 | +0.013% | $379.3M | $160.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5209 | +0.020% | $314.5M | $921.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5209 | +0.019% | $106.6M | $184.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5207 | +0.007% | $269.0M | $392.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5209 | +0.020% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5226 | +0.128% | $5.0M | $38.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5231 | +0.164% | $662K | $113.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5233 | +0.181% | $1.1M | $35.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5239 | +0.217% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5218 | +0.079% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5215 | +0.059% | $50K | $510K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5214 | +0.053% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5212 | +0.039% | $78K | $688K | 50x | as long as short |
| Derive XRP-PERPshort | +0.0100% | 1h | 1.5218 | +0.081% | $819K | $74K | 10x | |
| SunX XRP-USDT | +0.0100% | 8h | 1.5218 | +0.082% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5210 | +0.026% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5215 | +0.058% | $49.7M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5215 | +0.059% | $54.4M | $32.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5198 | −0.052% | $474K | $55K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0101% / S −0.0060% | 1h | 1.5211 | +0.032% | $785K | — | 200x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5204 | −0.011% | $2.1M | $6.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5195 | −0.072% | $8K | $2K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5208 | +0.015% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0112% | 1h | 1.5219 | +0.087% | $17K | $78K | 7x | as long as short |
| Hyperliquid XRP | +0.0143% | 1h | 1.5219 | +0.085% | $290.3M | $267.6M | 20x | as long as short |
| Backpack XRP_USDC_PERP | +0.0160% | 1h | 1.5219 | +0.085% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5214 | +0.053% | $5.7M | $48.3M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0199% | 8h | 1.5214 | +0.053% | $1.8M | $34.6M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5211 | +0.034% | $1.3M | $4K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5207 | +0.007% | $23.6M | $77.8M | 125x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5200 | −0.041% | $522K | $807K | 10x | as long as short |
| Phoenix XRP | +0.0526% | 1h | 1.5240 | +0.224% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0636% | 1h | 1.5227 | +0.136% | $2K | $16K | 10x | as long as short |
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-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
GMX XRP/USD [ETH-USDC]
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Hyperliquid XRP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD