XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0292%/8h= −31.9% APRnext payment −$0.36 per $10,000 · paid last 24h −0.099%

Price spread now: Kraken Futures against RISEx+0.033%7-day average −0.045% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on RISEx Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.269%−$27 on $10k

Price spread, last 4 days (all we have)−0.170%−$17 · spread now +0.033%, 7d avg −0.045%

Together, before fees−0.439%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.078% dearer against RISEx than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.045%): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5169	0.0316	pay 0.0040% / 1h	28m 16s	$529K	$800K	10x
Short	Kraken Futures PF_XRPUSD	1.5174	0.0025	get 0.0003% / 1h	28m 16s	$14.4M	$74.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$61.27
Price spread: +0.033% → −0.045%: $7.77
Slippage, 4 orders: −$11.79
Fee RISEx: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$81.28
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from RISEx: live order book, 15 min ago; 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 RISEx live order book, 15 min ago	2.24 bp	5.2 bp −$5	11.5 bp −$115	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 6 min ago	1.98 bp	7.6 bp −$8	10.6 bp −$106	22.8 bp −$2,276	48.7 bp −$24.4K

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	1.5166	−0.022%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5159	−0.066%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.005%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5172	+0.015%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5177	+0.051%	$7.7M	$24.8M	50x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0025%	1h	1.5174	+0.033%	$14.4M	$74.9M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.576%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0085% / S −0.0034%	1h	1.5174	+0.030%	$800K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5177	+0.050%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5177	+0.051%	$545K	$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	1.5161	−0.055%	$10K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5162	−0.045%	$978K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5173	+0.027%	$38.5M	$87.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5167	−0.015%	$617K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5178	+0.058%	$532.1M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5175	+0.038%	$346.2M	$961.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5177	+0.051%	$127.3M	$883.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5147	−0.147%	$564K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5170	+0.005%	$143K	$714K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5173	+0.024%	$376.6M	$160.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5177	+0.051%	$303.1M	$924.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5175	+0.039%	$107.7M	$181.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5172	+0.018%	$267.6M	$396.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5174	+0.031%	—	$105.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5158	−0.075%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5157	−0.083%	$658K	$113.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5162	−0.048%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5164	−0.035%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5170	+0.003%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5168	−0.009%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5174	+0.030%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5173	+0.024%	$65K	$774K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.138%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5169	0.000%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5175	+0.038%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5176	+0.042%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5172	+0.018%	$54.3M	$32.4M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5157	−0.081%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5171	+0.010%	$473K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5168	−0.009%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5169	−0.002%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5172	+0.019%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5161	−0.056%	$17K	$79K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0175%	1h	1.5169	−0.002%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5178	+0.057%	$5.7M	$48.2M	50x	as long as short
Hyperliquid XRP	+0.0188%	1h	1.5179	+0.064%	$288.7M	$264.8M	20x	as long as short
Kalshi KXXRPPERP	+0.0212%	8h	1.5175	+0.038%	$1.8M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5156	−0.085%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5164	−0.035%	$23.6M	$77.8M	125x	as long as short
RISEx XRP/USDClong	+0.0316%	1h	1.5169	long leg	$529K	$800K	10x
Aftermath Perps XRPUSD	+0.0604%	1h	1.5167	−0.018%	$2K	$16K	10x	as long as short