XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.047%

Price spread now: Kraken Futures against gTrade (Gains Network)+0.121%52s7-day average +0.009% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2872.865% of the position

Long on gTrade (Gains Network)Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.143%+$14 on $10k

Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.121%, 7d avg +0.009%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.112% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.009%. The two prices were read 52 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	1.5149	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	49m 20s	$245K	—	150x
Short	Kraken Futures PF_XRPUSD	1.5168	0.0025	get 0.0003% / 1h	49m 20s	$14.4M	$75.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.121%Rate

Funding earned: $4.45
Price spread: +0.121% → +0.009%: $11.24
Slippage, 4 orders: −$266.51
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$270.82
Costs to cover: 2.865%
Break-even: 432.8 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 60 min ago; Kraken Futures: 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), 60 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 Kraken Futures live order book, 5 min ago	1.32 bp	8.8 bp −$9	12.7 bp −$127	23.8 bp −$2,385	48.5 bp −$24.3K

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	1.5157	+0.050%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5155	+0.035%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.136%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5149	long leg	$245K	—	150x
Kraken Futures PF_XRPUSDshort	+0.0025%	1h	1.5168	+0.121%	$14.4M	$75.3M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.710%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5158	+0.057%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0079% / S −0.0026%	1h	1.5149	0.000%	$799K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5159	+0.063%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5160	+0.070%	$546K	$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
Katana Perps XRP-USD	+0.0099%	8h	1.5150	+0.004%	$12K	$367K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5122	−0.182%	$994K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5150	+0.004%	$38.5M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5159	+0.065%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5149	0.000%	$528.5M	$2.23B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5148	−0.009%	$344.5M	$967.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5148	−0.009%	$127.2M	$891.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5129	−0.135%	$563K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5156	+0.044%	$143K	$718K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5129	−0.135%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5149	−0.003%	$373.4M	$158.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5150	+0.004%	$297.9M	$918.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5155	+0.036%	$107.4M	$182.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5147	−0.016%	$266.9M	$400.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5150	+0.004%	—	$106.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5130	−0.128%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	−0.054%	$658K	$114.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5141	−0.057%	$1.1M	$36.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5146	−0.022%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5154	+0.028%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5153	+0.024%	$47K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5151	+0.007%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5149	−0.003%	$65K	$933K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5149	0.000%	$815K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5158	+0.057%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5166	+0.110%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5164	+0.097%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5164	+0.096%	$54.1M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5163	+0.092%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5150	+0.007%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5146	−0.023%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5171	+0.143%	$7.7M	$25.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0161%	1h	1.5178	+0.189%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5163	+0.089%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0173%	1h	1.5162	+0.083%	$289.2M	$264.2M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5170	+0.136%	$5.7M	$48.4M	50x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5146	−0.020%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5137	−0.082%	$23.5M	$77.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0221%	8h	1.5147	−0.016%	$1.8M	$35.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5161	+0.075%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0555%	1h	1.5153	+0.022%	$2K	$16K	10x	as long as short