Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.006%
Price spread now: Arcus against Orderly−0.179%7-day average +0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.015%+$1 on $10k
+Price spread, last 3 days (all we have)+0.262%+$26 · spread now −0.179%, 7d avg +0.004%
=Funding pays, the price is against you. Arcus is 0.183% cheaper against Orderly than usual: you would sell low and buy high (spread −0.179% now, against its 7-day average of +0.004%). If the spread goes back, that is −$18 on $10k: about 14 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.015% in total) that is about 42 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_XRP_USDC | 1.5632 | 0.0056 | pay 0.0056% / 8h | 50m 41s | $77K | $909K | 50x |
| Short | Arcus XRP-USD | 1.5604 | 0.0100 | get 0.0013% / 1h | 50m 41s | $117K | $753K | 20x |
Orderly PERP_XRP_USDC
Arcus XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $9.29
- Price spread: −0.179% → +0.004%
- −$18.35
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$19.56
- Costs to cover
- 0.105%
- Break-even
- 21.7 days
Slippage unknown: Orderly: no order-book sample; Arcus: live order book, 28 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 28 min ago | 0.64 bp | 5.5 bp −$5 | 9.2 bp −$92 | 30.0 bp −$2,996 | doesn't fit |
Orderly: 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 | 1.5658 | +0.166% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5606 | −0.166% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5690 | +0.371% | $70K | $90K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5633 | +0.006% | $9.7M | $25.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5633 | +0.007% | $262K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0004% / S +0.0107% | 1h | 1.5633 | +0.004% | $860K | — | 200x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0031% | 1h | 1.5634 | +0.013% | $15.7M | $68.9M | 50x | as long as short |
| Orderly PERP_XRP_USDClong | +0.0056% | 8h | 1.5632 | long leg | $77K | $909K | 50x | |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | −0.461% | $2K | $107K | 30x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5622 | −0.064% | $3.0M | $12.5M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5638 | +0.038% | $446K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5638 | +0.042% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5632 | +0.001% | $39.7M | $79.9M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5622 | −0.065% | $643K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5615 | −0.109% | $560.2M | $2.01B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5595 | −0.237% | $348.0M | $913.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5595 | −0.237% | $127.9M | $889.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5650 | +0.115% | $582K | $42K | 5x | as long as short |
| Arcus XRP-USDshort | +0.0100% | 1h | 1.5604 | −0.179% | $117K | $753K | 20x | |
| Bulk XRP-USD | +0.0100% | 1h | 1.5633 | +0.007% | $1.7M | $573K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5632 | 0.000% | $374.0M | $142.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5599 | −0.211% | $303.7M | $863.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5633 | +0.009% | $113.7M | $162.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5595 | −0.237% | $272.5M | $369.0M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5597 | −0.224% | — | $120.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5607 | −0.157% | $11.7M | $30.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5645 | +0.085% | $679K | $102.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5674 | +0.271% | $1.1M | $41.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5691 | +0.377% | $1.0M | $887K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5644 | +0.078% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5639 | +0.045% | $45K | $451K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5635 | +0.018% | $42K | $66K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5632 | +0.002% | $841K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5634 | +0.013% | $131K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5632 | 0.000% | $30K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5631 | −0.007% | $51.3M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5630 | −0.013% | $55.6M | $29.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5632 | −0.003% | $487K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5658 | +0.166% | $13K | $264K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5592 | −0.259% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5637 | +0.030% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5659 | +0.173% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5633 | +0.004% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5625 | −0.045% | $24.4M | $74.7M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5641 | +0.058% | $5.9M | $48.1M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0272% | 1h | 1.5671 | +0.250% | $18K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0321% | 8h | 1.5659 | +0.173% | $2.0M | $33.6M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0399% | 1h | 1.5633 | +0.006% | $1.7M | $1.0M | 25x | as long as short |
| Hyperliquid XRP | +0.0601% | 1h | 1.5653 | +0.134% | $297.7M | $207.4M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5617 | −0.094% | $509K | $632K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0777% | 1h | 1.5637 | +0.033% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD