XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0068%/8h= +7.5% APRnext payment +$0.09 per $10,000 · paid last 24h +0.024%

Price spread now: Kraken Futures against Ondo Perps+0.495%7-day average +0.050% · you sell dearer than you buy

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

Long on Ondo Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 3 days (all we have)−1.046%−$105 · spread now +0.495%, 7d avg +0.050%

Together, before fees−0.932%+ Points / potential airdropOndo Perps: Active · farm board−$93 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 Kraken Futures is 0.445% dearer against Ondo Perps than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XRP-USD.P	1.5393	0.0100	pay 0.0013% / 1h	0m 27s	$575K	$40K	5x
Short	Kraken Futures PF_XRPUSD	1.5469	0.0168	get 0.0021% / 1h	0m 27s	$15.8M	$65.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Ondo 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 Ondo PerpsbpFee Kraken FuturesbpOrdersPrice spread, now +0.495%Rate

Funding earned: $14.35
Price spread: +0.495% → +0.050%: $44.49
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $43.84
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Kraken Futures: live order book, 4 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	0.97 bp	8.8 bp −$9	13.2 bp −$132	25.5 bp −$2,555	53.5 bp −$26.8K

Ondo 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	1.5478	+0.552%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5482	+0.577%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	+0.240%	$69K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5472	+0.513%	$9.4M	$24.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5471	+0.509%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.669%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0049%	8h	1.5471	+0.507%	$81K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0077% / S +0.0160%	1h	1.5478	+0.551%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5481	+0.573%	$3.0M	$11.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5483	+0.585%	$447K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5545	+0.991%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5494	+0.657%	$39.4M	$73.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5490	+0.629%	$677K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5540	+0.955%	$559.0M	$1.88B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5546	+0.994%	$349.6M	$855.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5542	+0.968%	$126.5M	$858.0M	100x	as long as short
Ondo Perps XRP-USD.Plong	+0.0100%	1h	1.5393	long leg	$575K	$40K	5x
Arcus XRP-USD	+0.0100%	1h	1.5511	+0.767%	$120K	$696K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	+0.400%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5488	+0.617%	$368.9M	$134.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5488	+0.617%	$284.1M	$827.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5488	+0.619%	$112.6M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5539	+0.948%	$269.4M	$348.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5503	+0.715%	—	$114.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	+0.109%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5414	+0.134%	$670K	$96.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5398	+0.033%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5386	−0.045%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5517	+0.804%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5549	+1.013%	$51K	$437K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5526	+0.864%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5468	+0.486%	$833K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5487	+0.613%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5470	+0.500%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5467	+0.478%	$50.9M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5470	+0.500%	$55.2M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5488	+0.620%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5531	+0.897%	$11K	$243K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5511	+0.765%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5468	+0.489%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5537	+0.935%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0168%	1h	1.5469	+0.495%	$15.8M	$65.3M	50x
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5475	+0.533%	$5.7M	$45.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5534	+0.916%	$1.4M	$9K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0212%	1h	1.5478	+0.552%	$1.8M	$956K	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5467	+0.481%	$24.3M	$69.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5463	+0.455%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5457	+0.417%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5537	+0.933%	$408K	$523K	10x	as long as short
Hyperliquid XRP	+0.0525%	1h	1.5560	+1.085%	$287.5M	$191.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0575%	1h	1.5435	+0.276%	$1K	$11K	10x	as long as short