XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0059%/8h= −6.4% APRnext payment −$0.07 per $10,000 · paid last 24h +0.021%

Price spread now: Kraken Futures against SoDEX−0.004%7-day average +0.012% · 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−$30as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on SoDEX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.004%, 7d avg +0.012%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.054%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5597	0.0100	pay 0.0013% / 1h	49m 01s	$30K	$1.9M	10x
Short	Kraken Futures PF_XRPUSD	1.5596	0.0041	get 0.0005% / 1h	49m 01s	$15.7M	$67.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$12.35
Price spread: −0.004% → +0.012%: −$1.65
Slippage, 4 orders: −$9.91
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$41.91
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; Kraken Futures: live order book, 5 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, 5 min ago	0.32 bp	4.3 bp −$4	7.1 bp −$71	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	2.24 bp	10.3 bp −$10	13.2 bp −$132	23.8 bp −$2,379	51.2 bp −$25.6K

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	1.5587	−0.064%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5576	−0.136%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5587	−0.063%	$261K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.968%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0041%	1h	1.5596	−0.004%	$15.7M	$67.3M	50x
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5598	+0.006%	$82K	$935K	50x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5577	−0.131%	$19K	$73K	7x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0071%	1h	1.5600	+0.019%	$9.6M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0079% / S +0.0147%	1h	1.5582	−0.097%	$922K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5605	+0.049%	$3.0M	$11.6M	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	1.5605	+0.051%	$461K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5575	−0.138%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5601	+0.023%	$39.8M	$74.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5586	−0.072%	$673K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5607	+0.064%	$565.8M	$1.91B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5597	0.000%	$354.3M	$869.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5602	+0.032%	$128.2M	$866.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5541	−0.359%	$579K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5586	−0.071%	$120K	$724K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−0.449%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5600	+0.019%	$372.0M	$134.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5597	0.000%	$290.3M	$821.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5594	−0.019%	$112.9M	$153.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5600	+0.019%	$270.9M	$352.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5605	+0.051%	—	$115.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5524	−0.467%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5540	−0.365%	$675K	$98.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5571	−0.170%	$1.1M	$41.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5590	−0.045%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5579	−0.116%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5586	−0.071%	$53K	$436K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5584	−0.083%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5594	−0.016%	$839K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5588	−0.058%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5597	long leg	$30K	$1.9M	10x
HTX XRP-USDT	+0.0100%	8h	1.5596	−0.004%	$51.3M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5598	+0.006%	$55.5M	$28.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5580	−0.106%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5581	−0.103%	$12K	$248K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5591	−0.037%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5595	−0.014%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5585	−0.077%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5582	−0.094%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5605	+0.051%	$5.7M	$46.1M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5596	−0.006%	$24.6M	$71.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0336%	8h	1.5597	0.000%	$1.9M	$32.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0365%	1h	1.5613	+0.103%	$1.8M	$977K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5590	−0.045%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5591	−0.037%	$407K	$530K	10x	as long as short
Aftermath Perps XRPUSD	+0.0583%	1h	1.5565	−0.206%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0656%	1h	1.5617	+0.128%	$289.2M	$195.2M	20x	as long as short