Funding you earn now, next payment 23:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h +0.006%
Price spread now: Bulk against Orderly+0.862%45s7-day average +0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.014%+$1 on $10k
+Price spread, last 3 days (all we have)−0.790%−$79 · spread now +0.862%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bulk is 0.835% dearer against Orderly than usual: you sell high and buy low: +$83 more if the spread goes back to its 7-day average of +0.027%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_XRP_USDC | 1.5549 | 0.0053 | pay 0.0053% / 8h | 1h 35m | $78K | $941K | 50x |
| Short | Bulk XRP-USD | 1.5683 | 0.0100 | get 0.0013% / 1h | 35m 33s | $1.7M | $616K | 20x |
Orderly PERP_XRP_USDC
Bulk XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $9.9
- Price spread: +0.862% → +0.027%
- $83.49
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $80.39
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Bulk: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bulk live order book, 4 min ago | 0.64 bp | 4.1 bp −$4 | 5.3 bp −$53 | 14.7 bp −$1,471 | 29.2 bp −$14.6K |
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 | 1.5603 | +0.347% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5544 | −0.031% | $1.1M | $104K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5546 | −0.019% | $9.6M | $25.2M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5555 | +0.041% | $260K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −1.666% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5527 | −0.139% | $15.5M | $68.1M | 50x | as long as short |
| Orderly PERP_XRP_USDClong | +0.0053% | 8h | 1.5549 | long leg | $78K | $941K | 50x | |
| GMX XRP/USD [ETH-USDC] | L +0.0082% / S +0.0132% | 1h | 1.5554 | +0.035% | $916K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5556 | +0.044% | $3.0M | $12.0M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5547 | −0.013% | $455K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5576 | +0.177% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5555 | +0.036% | $39.5M | $76.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5554 | +0.035% | $671K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5580 | +0.202% | $562.5M | $1.95B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5583 | +0.219% | $349.5M | $882.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5581 | +0.206% | $127.3M | $873.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5561 | +0.077% | $580K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5574 | +0.161% | $119K | $732K | 20x | as long as short |
| Bulk XRP-USDshort | +0.0100% | 1h | 1.5683 | +0.862% | $1.7M | $616K | 20x | |
| Gate XRP_USDT | +0.0100% | 8h | 1.5564 | +0.096% | $374.0M | $138.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5555 | +0.039% | $292.8M | $838.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5547 | −0.012% | $114.4M | $157.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5582 | +0.212% | $271.1M | $358.3M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5567 | +0.116% | — | $116.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5690 | +0.905% | $12.0M | $29.9M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5600 | +0.326% | $677K | $100.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5597 | +0.309% | $1.1M | $41.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5645 | +0.617% | $1.0M | $880K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5572 | +0.149% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5585 | +0.232% | $46K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5548 | −0.006% | $42K | $64K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5553 | +0.026% | $837K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5562 | +0.081% | $130K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5539 | −0.064% | $32K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5526 | −0.150% | $51.0M | $15.2M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5537 | −0.077% | $55.3M | $29.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5552 | +0.018% | $485K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5578 | +0.187% | $12K | $249K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5565 | +0.102% | $2.2M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5547 | −0.013% | $72K | $40K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0136% | 1h | 1.5609 | +0.384% | $18K | $81K | 7x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5581 | +0.206% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5580 | +0.199% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5543 | −0.039% | $5.8M | $46.7M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5608 | +0.379% | $24.6M | $73.3M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0287% | 1h | 1.5543 | −0.039% | $1.8M | $976K | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0320% | 8h | 1.5578 | +0.187% | $1.9M | $32.4M | 2.9x | as long as short |
| Phoenix XRP | +0.0516% | 1h | 1.5730 | +1.164% | $70K | $90K | 15x | as long as short |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5585 | +0.232% | $509K | $620K | 10x | as long as short |
| Hyperliquid XRP | +0.0601% | 1h | 1.5557 | +0.051% | $290.2M | $199.8M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0679% | 1h | 1.5636 | +0.563% | $1K | $11K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus 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
Hibachi XRP/USDT-P
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Phoenix XRP
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD