XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.063%

Price spread now: Deribit against GMX+0.063%7-day average −0.004% · you sell dearer than you buy

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

Long on GMX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.153%+$15 on $10k

Price spread, last 3 days (all we have)−0.225%−$23 · spread now +0.063%, 7d avg −0.004%

Together, before fees−0.072%−$7 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 Deribit is 0.067% dearer against GMX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XRP/USD [ETH-USDC]	1.5504	L +0.0051% / S +0.0124%	pay 0.0006% / 1h	28m 54s	$1.1M	—	200x
Short	Deribit XRP_USDC-PERPETUAL	1.5514	0.0072	get 0.0009% / 1h	28m 54s	$9.5M	$25.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.063%Rate

Funding earned: $4.37
Price spread: +0.063% → −0.004%: $6.7
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$7.93
Costs to cover: 0.190%
Break-even: 19.7 days

Slippage unknown: GMX: no order-book sample; Deribit: live order book, just now. 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 Deribit live order book, just now	1.29 bp	4.8 bp −$5	7.5 bp −$75	doesn't fit	doesn't fit

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
Hotstuff XRP-PERP	−0.0080%	1h	1.5461	−0.279%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5494	−0.068%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5505	+0.005%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.382%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5511	+0.045%	$15.4M	$68.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]long	L +0.0051% / S +0.0124%	1h	1.5504	long leg	$1.1M	—	200x
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5510	+0.037%	$77K	$942K	50x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0072%	1h	1.5514	+0.063%	$9.5M	$25.3M	50x
Lighter XRP	+0.0096%	1h	1.5521	+0.106%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5520	+0.102%	$439K	$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	1.5502	−0.013%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5523	+0.121%	$39.5M	$78.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5504	−0.002%	$638K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5525	+0.134%	$558.6M	$1.96B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5523	+0.121%	$347.0M	$891.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5524	+0.127%	$127.1M	$876.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5515	+0.069%	$577K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5506	+0.011%	$118K	$739K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5520	+0.102%	$373.9M	$139.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5537	+0.211%	$292.2M	$848.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5522	+0.114%	$113.3M	$158.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5528	+0.153%	$270.7M	$362.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5553	+0.314%	—	$117.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5485	−0.127%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5531	+0.174%	$674K	$101.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5464	−0.262%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5529	+0.160%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5494	−0.066%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5512	+0.050%	$45K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5506	+0.012%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5514	+0.060%	$835K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5518	+0.090%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5513	+0.056%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5499	−0.035%	$50.9M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5520	+0.102%	$55.3M	$29.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	−0.178%	$1.7M	$578K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5492	−0.078%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5505	+0.005%	$11K	$255K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5527	+0.145%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5511	+0.044%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5510	+0.037%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0176%	1h	1.5475	−0.186%	$18K	$81K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5502	−0.016%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5516	+0.076%	$5.9M	$47.0M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5510	+0.037%	$24.6M	$73.4M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0253%	1h	1.5530	+0.166%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5503	−0.008%	$1.9M	$32.7M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5480	−0.156%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5515	+0.067%	$508K	$629K	10x	as long as short
Hyperliquid XRP	+0.0599%	1h	1.5539	+0.224%	$290.8M	$202.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0731%	1h	1.5535	+0.196%	$1K	$11K	10x	as long as short