XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0101%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h −0.020%

Price spread now: Arcus against Kraken Futures−0.217%7-day average −0.003% · 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−$49as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Kraken Futures Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.285%+$28 · spread now −0.217%, 7d avg −0.003%

Together, before fees+0.220%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.215% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.217% now, against its 7-day average of −0.003%). If the spread goes back, that is −$21 on $10k: about 7.1 days of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5079	−0.0001	get 0.0000% / 1h	34m 30s	$14.2M	$75.2M	50x
Short	Arcus XRP-USD	1.5046	0.0100	get 0.0013% / 1h	34m 30s	$136K	$715K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Kraken Futures. 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 Kraken FuturesbpFee ArcusbpOrdersPrice spread, now −0.217%Rate

Funding earned: $21.22
Price spread: −0.217% → −0.003%: −$21.49
Slippage, 4 orders: −$12.56
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$27.33
Costs to cover: 0.271%
Break-even: 16.0 days

Slippage from Kraken Futures: live order book, 5 min ago; Arcus: live order book, 14 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 Kraken Futures live order book, 5 min ago	3.32 bp	9.0 bp −$9	12.3 bp −$123	19.4 bp −$1,935	39.9 bp −$20.0K
Sell Arcus live order book, 14 min ago	0.99 bp	4.8 bp −$5	10.9 bp −$109	35.0 bp −$3,500	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	1.5041	−0.251%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSDlong	−0.0001%	1h	1.5079	long leg	$14.2M	$75.2M	50x
dYdX XRP-USD	0.0000%	1h	1.5042	−0.245%	$1.1M	$115K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5070	−0.058%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5084	+0.035%	$7.6M	$25.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5077	−0.009%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.191%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5077	−0.011%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5045	−0.224%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5043	−0.240%	$2.8M	$14.9M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5045	−0.224%	$495K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5033	−0.304%	$11K	$359K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5044	−0.227%	$914K	$6.3M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5054	−0.164%	$288.7M	$258.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5041	−0.251%	$38.4M	$86.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5044	−0.228%	$603K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5038	−0.271%	$527.2M	$2.19B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5038	−0.271%	$341.6M	$957.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5037	−0.277%	$124.3M	$890.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5036	−0.284%	$560K	$31K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5046	−0.217%	$136K	$715K	20x
Bulk XRP-USD	+0.0100%	1h	1.5057	−0.145%	$1.6M	$30K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5043	−0.237%	$368.7M	$157.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5043	−0.237%	$286.2M	$911.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5044	−0.228%	$106.4M	$180.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5042	−0.244%	$265.6M	$396.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5041	−0.251%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5067	−0.077%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5056	−0.150%	$654K	$111.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5067	−0.079%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5062	−0.111%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5045	−0.222%	—	$13K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5082	+0.021%	$51K	$493K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5077	−0.015%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5080	+0.008%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5078	−0.004%	$811K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5084	+0.037%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5080	+0.008%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5080	+0.007%	$49.3M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5075	−0.025%	$53.7M	$31.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5052	−0.180%	$469K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5039	−0.267%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5078	−0.004%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0123%	8h	1.5083	+0.028%	$1.7M	$35.7M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0176%	1h	1.5077	−0.012%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5085	+0.041%	$5.6M	$48.5M	50x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5065	−0.091%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5078	−0.005%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5079	+0.001%	$23.5M	$76.2M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5046	−0.219%	$513K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0599%	1h	1.5069	−0.068%	$2K	$15K	10x	as long as short