XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0016%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h −0.034%

Price spread now: Deribit against Kraken Futures+0.021%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.021%, 7d avg +0.019%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5360	0.0016	pay 0.0002% / 1h	18m 25s	$14.1M	$72.8M	50x
Short	Deribit XRP_USDC-PERPETUAL	1.5363	0	get 0.0000% / 1h	18m 25s	$7.9M	$21.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$3.26
Price spread: +0.021% → +0.019%: $0.23
Slippage, 4 orders: −$11.69
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$31.72
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Deribit: 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	0.97 bp	8.5 bp −$9	11.4 bp −$114	21.6 bp −$2,161	43.9 bp −$22.0K
Sell Deribit live order book, 4 min ago	0.32 bp	5.6 bp −$6	8.5 bp −$85	55.1 bp −$5,506	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	1.5360	+0.002%	$5K	$4K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5368	+0.056%	$1.1M	$155K	10x	as long as short
Deribit XRP_USDC-PERPETUALshort	0.0000%	1h	1.5363	+0.021%	$7.9M	$21.7M	50x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5360	0.000%	$249K	—	150x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0016%	1h	1.5360	long leg	$14.1M	$72.8M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.304%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0048%	1h	1.5372	+0.080%	$9K	$2K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5358	−0.013%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5361	+0.008%	$605K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5361	+0.008%	$479K	$51K	50x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5369	+0.060%	$10K	$397K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5365	+0.038%	$1.0M	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5368	+0.054%	$39.5M	$82.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5362	+0.013%	$589K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5366	+0.041%	$536.2M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5370	+0.067%	$362.9M	$902.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5368	+0.054%	$124.4M	$846.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5390	+0.197%	$565K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5375	+0.099%	$165K	$692K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5429	+0.450%	$1.6M	$8K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5367	+0.047%	$379.7M	$160.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5368	+0.054%	$315.2M	$916.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5369	+0.057%	$106.8M	$182.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5368	+0.054%	$272.5M	$360.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5360	+0.002%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5373	+0.089%	$5.1M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5383	+0.150%	$668K	$110.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5374	+0.093%	$1.1M	$31.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5391	+0.204%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5370	+0.065%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5369	+0.060%	$53K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5366	+0.039%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5359	−0.005%	$68K	$600K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5363	+0.020%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5356	−0.024%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5357	−0.016%	$50.1M	$14.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5360	+0.002%	$54.8M	$33.4M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5361	+0.009%	$2.1M	$5.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5361	+0.010%	$17K	$77K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5355	−0.033%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5366	+0.041%	$5.5M	$45.6M	50x	as long as short
Hyperliquid XRP	+0.0130%	1h	1.5383	+0.152%	$298.7M	$268.4M	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0154% / S −0.0125%	1h	1.5361	+0.006%	$800K	—	200x	as long as short
Kalshi KXXRPPERP	+0.0154%	8h	1.5368	+0.054%	$1.9M	$34.2M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0201%	1h	1.5368	+0.054%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5353	−0.044%	$23.8M	$79.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5364	+0.031%	$1.4M	$2K	15x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5373	+0.086%	$515K	$785K	10x	as long as short
Aftermath Perps XRPUSD	+0.0463%	1h	1.5374	+0.094%	$3K	$14K	10x	as long as short
Phoenix XRP	+0.0516%	1h	1.5400	+0.262%	$69K	$109K	15x	as long as short