Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.045%
Price spread now: BloFin against Orderly−0.007%7-day average +0.015% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.228%+$23 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.007%, 7d avg +0.015%
=Funding pays, the price is against you. BloFin is 0.022% cheaper against Orderly than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.015%). If the spread goes back, that is −$2 on $10k: about 14 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_XRP_USDC | 1.5226 | 0.0100 | pay 0.0100% / 8h | 7h 46m | $78K | $667K | 50x |
| Short | BloFin XRP-USDT | 1.5225 | 0.0220 | get 0.0220% / 8h | 7h 46m | $23.7M | $78.0M | 125x |
Orderly PERP_XRP_USDC
BloFin XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.007% → +0.015%
- −$2.16
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $5.04
- Costs to cover
- 0.180%
- Break-even
- 5.6 days
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 7 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 BloFin live order book, 7 min ago | 0.33 bp | 6.3 bp −$6 | 6.7 bp −$67 | 11.8 bp −$1,183 | 28.2 bp −$14.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XRPUSD | −0.0171% | 1h | 1.5228 | +0.011% | $14.8M | $76.0M | 50x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5241 | +0.099% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5235 | +0.062% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5240 | +0.092% | $68K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5228 | +0.013% | $7.7M | $23.9M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5226 | −0.003% | $247K | — | 150x | as long as short |
| Phemex XRPUSDT | +0.0007% | 8h | 1.5228 | +0.013% | $54.4M | $32.6M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.194% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0072% | 1h | 1.5224 | −0.012% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5225 | −0.007% | $2.8M | $14.5M | 20x | as long as short |
Kraken Futures PF_XRPUSD
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Phemex XRPUSDT
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
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 | 1.5229 | +0.020% | $608K | $3.1M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5229 | +0.020% | $20K | $382K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5233 | +0.049% | $998K | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5224 | −0.011% | $38.6M | $85.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5234 | +0.053% | $613K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5220 | −0.039% | $530.5M | $2.20B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5217 | −0.059% | $352.1M | $945.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5222 | −0.026% | $127.0M | $859.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5228 | +0.013% | $566K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5239 | +0.085% | $144K | $713K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5227 | +0.010% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5218 | −0.053% | $379.3M | $151.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5220 | −0.039% | $313.6M | $912.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5220 | −0.039% | $106.7M | $183.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5217 | −0.059% | $269.8M | $384.2M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5219 | −0.046% | — | $108.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5226 | 0.000% | $4.8M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5221 | −0.036% | $661K | $113.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5230 | +0.026% | $1.1M | $33.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5228 | +0.013% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5234 | +0.055% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5232 | +0.039% | $52K | $513K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5228 | +0.012% | $41K | $68K | 20x | as long as short |
| Orderly PERP_XRP_USDClong | +0.0100% | 8h | 1.5226 | long leg | $78K | $667K | 50x | |
| Derive XRP-PERP | +0.0100% | 1h | 1.5225 | −0.006% | $819K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5237 | +0.074% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5225 | −0.007% | $28K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5234 | +0.053% | $49.7M | $15.2M | 75x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5238 | +0.076% | $475K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5214 | −0.082% | $2.1M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5223 | −0.018% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0115% / S −0.0078% | 1h | 1.5222 | −0.027% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5236 | +0.066% | $9K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5227 | +0.007% | $5.6M | $48.0M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0174% | 8h | 1.5236 | +0.066% | $1.7M | $33.4M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0197% | 1h | 1.5239 | +0.085% | $291.1M | $267.8M | 20x | as long as short |
| BloFin XRP-USDTshort | +0.0220% | 8h | 1.5225 | −0.007% | $23.7M | $78.0M | 125x | |
| Reya XRPRUSDPERP | +0.0221% | 1h | 1.5221 | −0.031% | $1.3M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERP | +0.0270% | 1h | 1.5236 | +0.066% | $2.0M | $1.4M | 25x | as long as short |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5239 | +0.085% | $523K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0527% | 1h | 1.5220 | −0.036% | $3K | $16K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
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
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Hyperliquid XRP
Reya XRPRUSDPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD