XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0268%/8h= −29.3% APRnext payment −$0.33 per $10,000 · paid last 24h +0.015%

Price spread now: Kraken Futures against Pacifica+0.060%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.575%−$58 · spread now +0.060%, 7d avg −0.013%

Together, before fees−0.544%+ Points / potential airdropPacifica: Active · farm board−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.074% dearer against Pacifica than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.013%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 22 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5532	0.0100	pay 0.0013% / 1h	3m 36s	$629K	$1.0M	20x
Short	Kraken Futures PF_XRPUSD	1.5542	−0.0168	pay 0.0021% / 1h	3m 36s	$14.3M	$73.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Pacifica. 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 PacificabpFee Kraken FuturesbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$56.22
Price spread: +0.060% → −0.013%: $7.36
Slippage, 4 orders: −$13.46
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$80.32
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Pacifica: live order book, just now; Kraken Futures: live order book, 6 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 Pacifica live order book, just now	0.32 bp	5.9 bp −$6	7.7 bp −$77	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 6 min ago	1.94 bp	8.9 bp −$9	13.0 bp −$130	19.6 bp −$1,959	42.2 bp −$21.1K

XRP on 50 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_XRPUSDshort	−0.0168%	1h	1.5542	+0.060%	$14.3M	$73.7M	50x
Hotstuff XRP-PERP	−0.0080%	1h	1.5519	−0.086%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5490	−0.273%	$70K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5536	+0.024%	$252K	—	150x	as long as short
dYdX XRP-USD	+0.0005%	1h	1.5531	−0.011%	$1.1M	$155K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0007%	1h	1.5545	+0.081%	$8.1M	$22.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.178%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5496	−0.238%	$18K	$78K	7x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5536	+0.023%	$9K	$2K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5527	−0.037%	$2.8M	$14.8M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5531	−0.009%	$629K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5526	−0.041%	$20K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5538	+0.034%	$485K	$52K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5524	−0.051%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5532	−0.001%	$39.3M	$82.8M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5532	long leg	$629K	$1.0M	20x
Binance XRPUSDT	+0.0100%	8h	1.5530	−0.014%	$543.0M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5522	−0.067%	$360.6M	$906.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5526	−0.041%	$126.4M	$851.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5449	−0.537%	$567K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5537	+0.030%	$163K	$699K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5432	−0.645%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5531	−0.009%	$390.9M	$160.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5523	−0.061%	$317.7M	$941.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5524	−0.052%	$109.7M	$180.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5527	−0.035%	$275.3M	$361.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5523	−0.061%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5506	−0.170%	$4.9M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5451	−0.525%	$683K	$113.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5489	−0.281%	$1.1M	$32.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5468	−0.415%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5525	−0.047%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5532	−0.003%	$53K	$502K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5537	+0.030%	$42K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5541	+0.055%	$79K	$646K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5544	+0.075%	$130K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5539	+0.042%	$31K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5535	+0.016%	$50.6M	$14.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5537	+0.030%	$55.2M	$33.2M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5520	−0.082%	$2.1M	$5.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5539	+0.046%	$60K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0142% / S −0.0108%	1h	1.5534	+0.010%	$832K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5541	+0.055%	$5.4M	$46.9M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5530	−0.015%	$1.8M	$33.0M	2.9x	as long as short
Hyperliquid XRP	+0.0195%	1h	1.5539	+0.042%	$299.6M	$265.4M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5514	−0.118%	$23.9M	$79.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5524	−0.053%	$1.4M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0241%	1h	1.5545	+0.081%	$2.0M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5535	+0.015%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0489%	1h	1.5441	−0.588%	$3K	$15K	10x	as long as short