XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h +0.027%

Price spread now: Coinbase International against SoDEX+0.007%7-day average +0.034% · 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−$26as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on SoDEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.050%+$5 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now +0.007%, 7d avg +0.034%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.028% cheaper against SoDEX than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.034%). If the spread goes back, that is −$3 on $10k: about 19 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.050% in total) that is about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5169	0.0100	pay 0.0013% / 1h	47m 05s	$29K	$1.8M	10x
Short	Coinbase International XRP-PERP-INTX	1.5170	0.0216	get 0.0027% / 1h	47m 05s	$5.7M	$46.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SoDEX. 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 SoDEXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.007%Rate

Funding earned: $24.36
Price spread: +0.007% → +0.034%: −$2.78
Slippage, 4 orders: −$5.53
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$1.94
Costs to cover: 0.235%
Break-even: 7.6 days

Slippage from SoDEX: live order book, 2 min ago; Coinbase International: live order book, 2 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 SoDEX live order book, 2 min ago	0.33 bp	4.3 bp −$4	6.2 bp −$62	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	0.66 bp	7.2 bp −$7	11.1 bp −$111	27.6 bp −$2,757	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	1.5182	+0.086%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5170	+0.004%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	+0.138%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5175	+0.039%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0066%	1h	1.5172	+0.023%	$832K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.578%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5162	−0.044%	$14.7M	$72.3M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0068%	8h	1.5173	+0.026%	$57K	$945K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5166	−0.020%	$9.1M	$25.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5172	+0.023%	$2.8M	$14.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5174	+0.033%	$519K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5182	+0.086%	$11K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5181	+0.082%	$879K	$5.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5169	+0.002%	$38.4M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5180	+0.073%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5169	−0.001%	$536.2M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5167	−0.013%	$337.3M	$937.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5172	+0.020%	$123.2M	$871.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	+0.020%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5185	+0.105%	$115K	$722K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.091%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5170	+0.007%	$368.5M	$149.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5170	+0.007%	$292.7M	$897.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5170	+0.009%	$108.3M	$170.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5168	−0.007%	$265.0M	$383.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5166	−0.020%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	−0.012%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5188	+0.126%	$660K	$108.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5207	+0.251%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5193	+0.158%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5181	+0.079%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5181	+0.079%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5179	+0.066%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5175	+0.041%	$817K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5170	+0.005%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5169	long leg	$29K	$1.8M	10x
HTX XRP-USDT	+0.0100%	8h	1.5169	+0.001%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5171	+0.013%	$53.8M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5180	+0.074%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5161	−0.055%	$2.0M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5164	−0.036%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5185	+0.105%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0186%	1h	1.5181	+0.079%	$280.8M	$223.0M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5174	+0.035%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0216%	1h	1.5170	+0.007%	$5.7M	$46.5M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.158%	$24.0M	$75.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0332%	8h	1.5180	+0.073%	$2.1M	$36.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0336%	1h	1.5184	+0.102%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0380%	1h	1.5177	+0.053%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5187	+0.120%	$538K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0802%	1h	1.5185	+0.105%	$2K	$14K	10x	as long as short