Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bulk against GRVT−0.173%55s7-day average −0.008% · you buy dearer than you sell
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−$190.193% of the position
Funding, last 4 days (all we have)−0.004%$0 on $10k
+Price spread, last 7 days+0.173%+$17 · spread now −0.173%, 7d avg −0.008%
=Together, before fees+0.169%+ Points / potential airdropGRVT: Active · farm board+$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.164% cheaper against GRVT than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.008%. 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 | GRVT XRP_USDT_Perp | 1.5140 | 0.0100 | pay 0.0100% / 8h | 4h 00m | $1.1M | $36.0M | 20x |
| Short | Bulk XRP-USD | 1.5114 | 0.0100 | get 0.0013% / 1h | 0m 23s | $1.6M | $49K | 20x |
GRVT XRP_USDT_Perp
Bulk XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against GRVT. 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
- $0
- Price spread: −0.173% → −0.008%
- −$16.42
- Slippage, 4 orders
- −$3.3
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$35.72
- Costs to cover
- 0.193%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 4 min ago; Bulk: live order book, 4 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 GRVT live order book, 4 min ago | 0.33 bp | 6.1 bp −$6 | 10.4 bp −$104 | 65.9 bp −$6,592 | doesn't fit |
| Sell Bulk live order book, 4 min ago | 0.66 bp | 4.2 bp −$4 | 5.0 bp −$50 | 7.8 bp −$779 | 20.3 bp −$10.1K |
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 | 1.5142 | +0.012% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5152 | +0.077% | $14.3M | $73.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5158 | +0.115% | $1.1M | $111K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5150 | +0.065% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5157 | +0.113% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5157 | +0.111% | $7.7M | $25.5M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.773% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0047% / S +0.0019% | 1h | 1.5156 | +0.105% | $790K | — | 200x | as long as short |
| Orderly PERP_XRP_USDC | +0.0095% | 8h | 1.5159 | +0.125% | $62K | $934K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5166 | +0.172% | $2.8M | $14.6M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
Orderly PERP_XRP_USDC
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 | 1.5164 | +0.158% | $499K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0098% | 8h | 1.5152 | +0.078% | $10K | $331K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5164 | +0.154% | $1.1M | $6.0M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5171 | +0.204% | $280.8M | $227.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5162 | +0.142% | $38.3M | $83.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5164 | +0.154% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5160 | +0.131% | $533.2M | $2.12B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5161 | +0.138% | $346.5M | $937.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5163 | +0.151% | $127.0M | $877.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5120 | −0.133% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5163 | +0.151% | $117K | $705K | 20x | as long as short |
| Bulk XRP-USDshort | +0.0100% | 1h | 1.5114 | −0.173% | $1.6M | $49K | 20x | |
| Gate XRP_USDT | +0.0100% | 8h | 1.5158 | +0.118% | $369.6M | $155.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5159 | +0.125% | $293.2M | $904.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5162 | +0.146% | $108.0M | $175.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5158 | +0.118% | $268.3M | $385.8M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5161 | +0.138% | — | $127.4M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5154 | +0.091% | $4.8M | $38.1M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5133 | −0.048% | $657K | $108.8M | 30x | as long as short |
| GRVT XRP_USDT_Perplong | +0.0100% | 8h | 1.5140 | long leg | $1.1M | $36.0M | 20x | |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5143 | +0.019% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5159 | +0.123% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5162 | +0.144% | $44K | $454K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5158 | +0.120% | $41K | $67K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5161 | +0.137% | $816K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5161 | +0.140% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5154 | +0.092% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5151 | +0.074% | $49.6M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5163 | +0.151% | $53.9M | $31.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5161 | +0.138% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5156 | +0.107% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5158 | +0.121% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0112% | 1h | 1.5163 | +0.151% | $8K | $8K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5161 | +0.138% | $5.6M | $47.1M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0194% | 1h | 1.5167 | +0.177% | $2.0M | $1.4M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0216% | 1h | 1.5157 | +0.115% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5159 | +0.126% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5152 | +0.078% | $24.2M | $76.1M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0314% | 8h | 1.5138 | −0.014% | $2.0M | $34.9M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5165 | +0.162% | $516K | $773K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0678% | 1h | 1.5144 | +0.027% | $2K | $15K | 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
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD