Funding you earn now, next payment 22:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.043%
Price spread now: Coinbase International against GRVT−0.289%76s7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.272% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)+0.294%+$29 · spread now −0.289%, 7d avg +0.036%
=Together, before fees+0.284%+ Points / potential airdropGRVT: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.325% cheaper against GRVT than usual: you would sell low and buy high (spread −0.289% now, against its 7-day average of +0.036%). If the spread goes back, that is −$32 on $10k: about 9.3 days of funding at the current rate (+$3 a day). The two prices were read 76 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 | 1.5597 | 0.0100 | pay 0.0100% / 8h | 1h 34m | $1.1M | $41.5M | 20x |
| Short | Coinbase International XRP-PERP-INTX | 1.5552 | 0.0216 | get 0.0027% / 1h | 34m 20s | $5.8M | $46.8M | 50x |
GRVT XRP_USDT_Perp
Coinbase International XRP-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $24.36
- Price spread: −0.289% → +0.036%
- −$32.46
- Slippage, 4 orders
- −$8.21
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$35.32
- Costs to cover
- 0.272%
- Break-even
- 17.1 days
Slippage from GRVT: live order book, 5 min ago; Coinbase International: 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 GRVT live order book, 5 min ago | 0.32 bp | 6.5 bp −$6 | 13.0 bp −$130 | 58.2 bp −$5,824 | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 0.64 bp | 7.8 bp −$8 | 10.9 bp −$109 | 25.8 bp −$2,583 | 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 | 1.5561 | −0.231% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5550 | −0.299% | $1.1M | $104K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5542 | −0.353% | $9.6M | $25.2M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5532 | −0.418% | $260K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −1.968% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5545 | −0.332% | $15.6M | $68.4M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0053% | 8h | 1.5541 | −0.359% | $78K | $941K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0082% / S +0.0130% | 1h | 1.5530 | −0.431% | $915K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5543 | −0.345% | $3.0M | $12.0M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5558 | −0.250% | $456K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5496 | −0.644% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5512 | −0.542% | $39.4M | $77.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5556 | −0.260% | $671K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5520 | −0.496% | $558.9M | $1.95B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5533 | −0.410% | $349.1M | $886.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5540 | −0.365% | $127.2M | $873.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5561 | −0.231% | $580K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5548 | −0.314% | $118K | $732K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5683 | +0.551% | $1.7M | $616K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5517 | −0.513% | $374.5M | $138.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5497 | −0.641% | $289.4M | $840.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5506 | −0.582% | $113.7M | $157.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5542 | −0.353% | $270.5M | $359.4M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5533 | −0.410% | — | $116.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5595 | −0.015% | $11.8M | $30.1M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5600 | +0.017% | $677K | $100.3M | 30x | as long as short |
| GRVT XRP_USDT_Perplong | +0.0100% | 8h | 1.5597 | long leg | $1.1M | $41.5M | 20x | |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5645 | +0.308% | $1.0M | $880K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5515 | −0.527% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5500 | −0.622% | $46K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5504 | −0.596% | $42K | $64K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5542 | −0.354% | $837K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5509 | −0.565% | $130K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5541 | −0.359% | $32K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5525 | −0.461% | $51.0M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5540 | −0.365% | $55.4M | $29.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5555 | −0.270% | $485K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5534 | −0.404% | $12K | $249K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5540 | −0.367% | $2.2M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5541 | −0.361% | $72K | $40K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0144% | 1h | 1.5580 | −0.106% | $18K | $81K | 7x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5528 | −0.442% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5495 | −0.655% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTXshort | +0.0216% | 1h | 1.5552 | −0.289% | $5.8M | $46.8M | 50x | |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5551 | −0.295% | $24.5M | $73.2M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0282% | 1h | 1.5571 | −0.167% | $1.8M | $978K | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0317% | 8h | 1.5564 | −0.212% | $1.9M | $32.4M | 2.9x | as long as short |
| Phoenix XRP | +0.0516% | 1h | 1.5600 | +0.019% | $69K | $90K | 15x | as long as short |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5544 | −0.341% | $509K | $621K | 10x | as long as short |
| Hyperliquid XRP | +0.0596% | 1h | 1.5516 | −0.519% | $290.0M | $200.2M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0697% | 1h | 1.5607 | +0.064% | $1K | $11K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk 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
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Phoenix XRP
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD