XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0175%/8h= +19.1% APRnext payment +$0.22 per $10,000 · paid last 24h +0.023%

Price spread now: Coinbase International against Kraken Futures−0.004%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.004%, 7d avg +0.023%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.023%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5265	−0.0063	get 0.0008% / 1h	27m 52s	$13.8M	$69.7M	50x
Short	Coinbase International XRP-PERP-INTX	1.5264	0.0112	get 0.0014% / 1h	27m 52s	$5.5M	$42.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.004%Rate

Funding earned: $36.67
Price spread: −0.004% → +0.023%: −$2.73
Slippage, 4 orders: −$13.96
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$0.02
Costs to cover: 0.340%
Break-even: 7.0 days

Slippage from Kraken Futures: live order book, 4 min ago; Coinbase International: 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 Kraken Futures live order book, 4 min ago	2.29 bp	9.3 bp −$9	13.2 bp −$132	23.9 bp −$2,389	47.7 bp −$23.9K
Sell Coinbase International live order book, 4 min ago	1.31 bp	7.6 bp −$8	9.6 bp −$96	28.8 bp −$2,877	doesn't fit

XRP on 50 exchanges

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	1.5374	+0.716%	$5K	$4K	20x	as long as short
01 Exchange XRPUSD	−0.0072%	1h	1.5260	−0.030%	$9K	$987	10x	as long as short
Kraken Futures PF_XRPUSDlong	−0.0063%	1h	1.5265	long leg	$13.8M	$69.7M	50x
dYdX XRP-USD	0.0000%	1h	1.5255	−0.060%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5260	−0.030%	$68K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5265	+0.002%	$7.6M	$20.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5258	−0.042%	$241K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.935%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5265	−0.001%	$17K	$75K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5263	−0.012%	$2.8M	$14.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5267	+0.015%	$591K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5259	−0.039%	$476K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5254	−0.070%	$10K	$405K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5255	−0.060%	$1.1M	$5.8M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5274	+0.061%	$295.9M	$267.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5254	−0.068%	$38.8M	$80.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5257	−0.050%	$587K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5254	−0.068%	$529.8M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5253	−0.076%	$357.9M	$869.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5251	−0.089%	$123.6M	$823.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5240	−0.161%	$560K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5264	−0.004%	$162K	$696K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5258	−0.044%	$379.8M	$158.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5256	−0.057%	$307.6M	$901.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5260	−0.030%	$104.4M	$181.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5261	−0.024%	$270.0M	$354.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5255	−0.063%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5257	−0.051%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5249	−0.102%	$662K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5255	−0.063%	$1.1M	$32.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5256	−0.057%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5260	−0.029%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5258	−0.044%	$52K	$473K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5258	−0.045%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5258	−0.044%	$83K	$601K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5261	−0.021%	$128K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5261	−0.024%	$33K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5254	−0.069%	$49.7M	$13.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5261	−0.024%	$54.4M	$33.3M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5287	+0.143%	$1.6M	$32K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5253	−0.074%	$2.2M	$6.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5256	−0.058%	$59K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0104%	1h	1.5273	+0.055%	$2.0M	$1.2M	25x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0112%	1h	1.5264	−0.004%	$5.5M	$42.8M	50x
Kalshi KXXRPPERP	+0.0127%	8h	1.5259	−0.037%	$1.9M	$35.4M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5257	−0.050%	$23.7M	$77.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5255	−0.063%	$1.3M	$1K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0226% / S −0.0461%	1h	1.5265	+0.003%	$859K	—	200x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5262	−0.018%	$513K	$726K	10x	as long as short
Aftermath Perps XRPUSD	+0.0338%	1h	1.5265	0.000%	$3K	$13K	10x	as long as short