XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Katana Perps0.000%7-day average +0.039% · you sell dearer than you buy

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

Long on Katana Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 7 days+0.089%+$9 · spread now 0.000%, 7d avg +0.039%

Together, before fees+0.112%+$11 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: Bybit is 0.039% cheaper against Katana Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps XRP-USD	1.5106	0.0099	pay 0.0099% / 8h	2h 53m	$10K	$356K	20x
Short	Bybit XRPUSDT	1.5106	0.0100	get 0.0100% / 8h	2h 53m	$341.7M	$950.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Katana Perps. 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 Katana PerpsbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.29
Price spread: 0.000% → +0.039%: −$3.87
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$18.38
Costs to cover: 0.148%
Break-even: 450.9 days

Slippage unknown: Katana Perps: no order-book sample; Bybit: live order book, 6 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 Katana Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 6 min ago	0.33 bp	5.8 bp −$6	6.7 bp −$67	14.0 bp −$1,398	29.3 bp −$14.7K

Katana Perps: 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	1.5107	+0.007%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5111	+0.035%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5102	−0.030%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5114	+0.053%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5108	+0.013%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.005%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5107	+0.006%	$793K	—	200x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5111	+0.033%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5114	+0.053%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5116	+0.066%	$497K	$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
Katana Perps XRP-USDlong	+0.0099%	8h	1.5106	long leg	$10K	$356K	20x
Nado XRP-PERP	+0.0100%	1h	1.5113	+0.050%	$941K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5121	+0.099%	$290.3M	$257.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5106	0.000%	$38.7M	$86.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5110	+0.026%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5106	+0.002%	$531.1M	$2.18B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5106	0.000%	$341.7M	$950.3M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5106	0.000%	$125.1M	$887.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5124	+0.119%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5113	+0.046%	$137K	$717K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5106	0.000%	$372.3M	$155.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5101	−0.033%	$293.8M	$904.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5112	+0.038%	$107.9M	$179.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5106	0.000%	$268.1M	$392.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5099	−0.046%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	+0.217%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5127	+0.141%	$657K	$111.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	+0.209%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5147	+0.271%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5116	+0.068%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5114	+0.053%	$49K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5108	+0.013%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5110	+0.026%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5109	+0.019%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5115	+0.057%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5110	+0.026%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5114	+0.054%	$49.4M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5114	+0.053%	$53.9M	$31.7M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5107	+0.010%	$1.6M	$29K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5109	+0.017%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5101	−0.030%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5106	0.000%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0167%	8h	1.5123	+0.113%	$1.8M	$35.5M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5116	+0.066%	$5.7M	$48.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0195%	1h	1.5120	+0.093%	$2.0M	$1.4M	25x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5106	−0.001%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5121	+0.099%	$24.2M	$75.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5111	+0.034%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5111	+0.036%	$515K	$777K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5140	+0.225%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0635%	1h	1.5122	+0.103%	$2K	$15K	10x	as long as short