XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0237%/8h= −26.0% APRnext payment −$0.30 per $10,000 · paid last 24h −0.141%

Price spread now: Deribit against RISEx−0.057%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on RISEx Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.365%−$36 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.057%, 7d avg −0.026%

Together, before fees−0.425%−$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Deribit is 0.031% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5234	0.0316	pay 0.0040% / 1h	3m 26s	$530K	$806K	10x
Short	Deribit XRP_USDC-PERPETUAL	1.5225	0.0079	get 0.0010% / 1h	3m 26s	$7.8M	$24.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against RISEx. 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 RISExbpFee DeribitbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$49.83
Price spread: −0.057% → −0.026%: −$3.11
Slippage, 4 orders: −$8.45
Fee RISEx: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$74.39
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from RISEx: live order book, 40 min ago; Deribit: live order book, 1 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 RISEx live order book, 40 min ago	2.24 bp	5.2 bp −$5	11.5 bp −$115	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	0.33 bp	5.1 bp −$5	7.5 bp −$75	46.8 bp −$4,683	doesn't fit

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	1.5226	−0.051%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5225	−0.057%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5230	−0.024%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5219	−0.093%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5221	−0.082%	$14.5M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.142%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0079%	1h	1.5225	−0.057%	$7.8M	$24.5M	50x
GMX XRP/USD [ETH-USDC]	L +0.0093% / S −0.0048%	1h	1.5220	−0.091%	$786K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5228	−0.038%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5228	−0.037%	$546K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5222	−0.077%	$11K	$370K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5225	−0.057%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5223	−0.068%	$38.6M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5229	−0.032%	$617K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5224	−0.067%	$534.2M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5231	−0.018%	$349.3M	$960.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5234	+0.002%	$128.1M	$881.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5220	−0.090%	$567K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5235	+0.009%	$145K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5223	−0.068%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5225	−0.057%	$378.0M	$162.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5223	−0.070%	$313.2M	$933.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5230	−0.024%	$108.3M	$183.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5229	−0.031%	$269.3M	$395.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5222	−0.077%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5235	+0.007%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5225	−0.055%	$662K	$114.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5225	−0.055%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5227	−0.044%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5229	−0.028%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5231	−0.018%	$50K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5222	−0.076%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5233	−0.005%	$75K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5224	−0.063%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5230	−0.028%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5222	−0.077%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5224	−0.063%	$49.7M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5227	−0.044%	$54.5M	$32.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5232	−0.008%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5222	−0.074%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5232	−0.009%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5237	+0.022%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5221	−0.084%	$17K	$79K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0172%	1h	1.5234	+0.002%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5226	−0.051%	$5.7M	$48.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0217%	8h	1.5225	−0.057%	$1.8M	$34.8M	2.9x	as long as short
Hyperliquid XRP	+0.0218%	1h	1.5239	+0.035%	$290.3M	$266.6M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5222	−0.075%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5227	−0.044%	$23.7M	$78.0M	125x	as long as short
RISEx XRP/USDClong	+0.0316%	1h	1.5234	long leg	$530K	$806K	10x
Aftermath Perps XRPUSD	+0.0706%	1h	1.5236	+0.015%	$2K	$16K	10x	as long as short