Funding you earn now, next payment 06:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.024%
Price spread now: Deribit against Gate+0.080%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$320.325% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.080%, 7d avg +0.024%
=The price spread pays, funding is against you. Deribit is 0.056% dearer against Gate than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.024%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. Mind the row above: over the last 7 days funding on this pair paid +0.110%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XRP_USDT | 1.5044 | 0.0100 | pay 0.0100% / 8h | 2h 22m | $369.2M | $159.6M | 100x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.5056 | 0.0082 | get 0.0010% / 1h | 22m 10s | $7.7M | $25.6M | 50x |
Gate XRP_USDT
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Gate. 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
- −$3.78
- Price spread: +0.080% → +0.024%
- $5.57
- Slippage, 4 orders
- −$10.5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$30.71
- Costs to cover
- 0.325%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Deribit: live order book, 2 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 Gate live order book, 2 min ago | 0.33 bp | 13.1 bp −$13 | 16.1 bp −$161 | 31.1 bp −$3,114 | 43.0 bp −$21.5K |
| Sell Deribit live order book, 2 min ago | 0.33 bp | 4.3 bp −$4 | 6.1 bp −$61 | 87.5 bp −$8,747 | 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 | 1.5027 | −0.113% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5053 | +0.060% | $14.1M | $74.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5023 | −0.139% | $1.1M | $130K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.4980 | −0.425% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5039 | −0.032% | $243K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.430% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.5038 | −0.042% | $787K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | +0.0082% | 1h | 1.5056 | +0.080% | $7.7M | $25.6M | 50x | |
| 01 Exchange XRPUSD | +0.0088% | 1h | 1.5042 | −0.013% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5054 | +0.065% | $2.8M | $15.0M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5056 | +0.080% | $545K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5034 | −0.066% | $10K | $360K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5038 | −0.037% | $945K | $6.3M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5054 | +0.066% | $287.1M | $261.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5053 | +0.059% | $38.3M | $87.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5032 | −0.083% | $601K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5056 | +0.080% | $523.1M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5057 | +0.086% | $342.7M | $963.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5056 | +0.080% | $125.0M | $880.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.4996 | −0.319% | $556K | $31K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5044 | 0.000% | $144K | $712K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5026 | −0.116% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDTlong | +0.0100% | 8h | 1.5044 | long leg | $369.2M | $159.6M | 100x | |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5054 | +0.066% | $287.1M | $921.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5054 | +0.064% | $104.9M | $180.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5052 | +0.053% | $263.9M | $397.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5040 | −0.027% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.4960 | −0.558% | $4.7M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.4951 | −0.616% | $649K | $112.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.4988 | −0.375% | $1.1M | $37.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.4945 | −0.658% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5037 | −0.048% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5045 | +0.007% | $51K | $489K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5043 | −0.007% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5047 | +0.020% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5050 | +0.041% | $810K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5054 | +0.068% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5054 | +0.066% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5041 | −0.023% | $49.2M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5050 | +0.040% | $53.7M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5035 | −0.060% | $469K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5048 | +0.029% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5052 | +0.054% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0160% | 8h | 1.5037 | −0.047% | $1.7M | $35.8M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0167% | 1h | 1.5027 | −0.113% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5056 | +0.080% | $5.6M | $48.3M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0192% | 1h | 1.5000 | −0.289% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5039 | −0.033% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5005 | −0.259% | $23.2M | $76.4M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5043 | −0.005% | $516K | $785K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0624% | 1h | 1.5011 | −0.223% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
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
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD