XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0075%/8h= +8.3% APRnext payment +$0.09 per $10,000 · paid last 24h −0.018%

Price spread now: Bulk against Kraken Futures+0.049%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Kraken Futures Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.049%, 7d avg +0.025%

Together, before fees−0.145%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bulk is 0.024% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.025%. Mind the row above: over the last 4 days funding on this pair cost −0.064%, 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	1.5150	0.0025	pay 0.0003% / 1h	31m 55s	$14.4M	$75.1M	50x
Short	Bulk XRP-USD	1.5157	0.0100	get 0.0013% / 1h	31m 55s	$1.6M	$5K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.049%Rate

Funding earned: $15.84
Price spread: +0.049% → +0.025%: $2.41
Slippage, 4 orders: −$8.85
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$7.59
Costs to cover: 0.258%
Break-even: 10.4 days

Slippage from Kraken Futures: live order book, 2 min ago; Bulk: live order book, 2 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, 2 min ago	1.98 bp	9.7 bp −$10	12.5 bp −$125	21.7 bp −$2,169	44.7 bp −$22.3K
Sell Bulk live order book, 2 min ago	0.33 bp	3.8 bp −$4	4.6 bp −$46	9.9 bp −$988	29.7 bp −$14.9K

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	1.5168	+0.122%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5159	+0.062%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.135%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5147	−0.020%	$245K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5152	+0.016%	$7.7M	$24.9M	50x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0025%	1h	1.5150	long leg	$14.4M	$75.1M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.709%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0084% / S −0.0033%	1h	1.5152	+0.015%	$799K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5150	+0.002%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5151	+0.010%	$544K	$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
01 Exchange XRPUSD	+0.0096%	1h	1.5161	+0.076%	$8K	$2K	10x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5153	+0.023%	$10K	$371K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5149	0.000%	$978K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5153	+0.023%	$38.5M	$87.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5159	+0.064%	$616K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5156	+0.040%	$531.3M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5151	+0.010%	$345.6M	$962.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5151	+0.010%	$127.2M	$882.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5151	+0.010%	$564K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5162	+0.082%	$143K	$714K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5153	+0.023%	$376.1M	$160.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5154	+0.029%	$300.1M	$923.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5151	+0.008%	$107.4M	$181.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5152	+0.016%	$267.3M	$397.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5149	−0.004%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5146	−0.024%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5160	+0.068%	$660K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5158	+0.056%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5169	+0.128%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5158	+0.058%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5156	+0.043%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5156	+0.044%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5152	+0.016%	$65K	$774K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.008%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5159	+0.062%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5149	−0.004%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	+0.126%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5150	+0.003%	$54.2M	$32.5M	50x	as long as short
Bulk XRP-USDshort	+0.0100%	1h	1.5157	+0.049%	$1.6M	$5K	20x
Paradex XRP-USD-PERP	+0.0100%	8h	1.5158	+0.055%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5148	−0.011%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5149	−0.005%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5142	−0.047%	$17K	$79K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0168%	1h	1.5158	+0.056%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5159	+0.062%	$5.7M	$48.3M	50x	as long as short
Hyperliquid XRP	+0.0180%	1h	1.5165	+0.102%	$288.4M	$264.7M	20x	as long as short
Kalshi KXXRPPERP	+0.0206%	8h	1.5159	+0.062%	$1.7M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5149	−0.002%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5170	+0.135%	$23.6M	$77.9M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5160	+0.069%	$524K	$798K	10x	as long as short
Aftermath Perps XRPUSD	+0.0599%	1h	1.5161	+0.074%	$2K	$16K	10x	as long as short