XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0310%/8h= +34.0% APRnext payment +$0.39 per $10,000 · paid last 24h +0.094%

Price spread now: Bulk against GMX−0.778%7-day average −0.004% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.181%+$18 on $10k

Price spread, last 3 days (all we have)+0.672%+$67 · spread now −0.778%, 7d avg −0.004%

Together, before fees+0.853%+$85 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.775% cheaper against GMX than usual: you would sell low and buy high (spread −0.778% now, against its 7-day average of −0.004%). If the spread goes back, that is −$77 on $10k: about 8.3 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XRP/USD [ETH-USDC]	1.5320	L −0.0210% / S +0.0297%	get 0.0026% / 1h	25m 41s	$1.7M	—	200x
Short	Bulk XRP-USD	1.5201	0.0100	get 0.0013% / 1h	25m 41s	$1.6M	$350K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against GMX. 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 GMXbpFee BulkbpOrdersPrice spread, now −0.778%Rate

Funding earned: $65.17
Price spread: −0.778% → −0.004%: −$77.45
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$31.28
Costs to cover: 0.190%
Break-even: 10.4 days

Slippage unknown: GMX: no order-book sample; Bulk: live order book, 3 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Bulk live order book, 3 min ago	0.66 bp	4.2 bp −$4	6.4 bp −$64	17.2 bp −$1,722	35.2 bp −$17.6K

GMX: 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
GMX XRP/USD [ETH-USDC]long	L −0.0210% / S +0.0297%	1h	1.5320	long leg	$1.7M	—	200x
Hotstuff XRP-PERP	−0.0080%	1h	1.5265	−0.361%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5323	+0.015%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5250	−0.459%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5322	+0.011%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5324	+0.024%	$9.2M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.198%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5314	−0.042%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5320	−0.001%	$3.0M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5322	+0.011%	$445K	$3.1M	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	1.5305	−0.097%	$1.1M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5317	−0.024%	$38.9M	$71.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5322	+0.011%	$667K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5326	+0.036%	$548.0M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5331	+0.069%	$343.4M	$835.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5334	+0.089%	$123.6M	$832.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5297	−0.153%	$569K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5315	−0.035%	$114K	$647K	20x	as long as short
Bulk XRP-USDshort	+0.0100%	1h	1.5201	−0.778%	$1.6M	$350K	20x
Gate XRP_USDT	+0.0100%	8h	1.5311	−0.061%	$367.2M	$131.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5314	−0.042%	$288.9M	$805.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5311	−0.059%	$113.6M	$147.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5314	−0.042%	$266.3M	$339.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5317	−0.022%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5205	−0.754%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5202	−0.773%	$661K	$95.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	−0.649%	$1.1M	$41.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5204	−0.760%	$1.0M	$848K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5304	−0.108%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5315	−0.035%	$49K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5320	−0.002%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5318	−0.015%	$825K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5324	+0.026%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5319	−0.009%	$28K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5303	−0.111%	$50.4M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5317	−0.022%	$54.8M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5302	−0.118%	$477K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5316	−0.029%	$11K	$235K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5312	−0.056%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5317	−0.021%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5319	−0.009%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0151%	1h	1.5332	+0.076%	$1.7M	$924K	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5318	−0.019%	$15.3M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5328	+0.050%	$5.4M	$43.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5311	−0.060%	$1.4M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0211%	8h	1.5318	−0.016%	$1.7M	$31.6M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5299	−0.140%	$23.9M	$66.7M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5249	−0.466%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5320	−0.005%	$406K	$496K	10x	as long as short
Hyperliquid XRP	+0.0465%	1h	1.5334	+0.089%	$282.0M	$181.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0530%	1h	1.5253	−0.437%	$1K	$11K	10x	as long as short