Funding you earn now, next payment 07:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.023%
Price spread now: Deribit against Arcus−0.217%7-day average +0.021% · 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−$44as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 4 days (all we have)−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)+0.186%+$19 · spread now −0.217%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.238% cheaper against Arcus than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus XRP-USD | 1.5210 | 0.0100 | pay 0.0013% / 1h | 27m 46s | $144K | $715K | 20x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.5177 | 0.0014 | get 0.0002% / 1h | 27m 46s | $7.7M | $24.8M | 50x |
Arcus XRP-USD
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.06
- Price spread: −0.217% → +0.021%
- −$23.84
- Slippage, 4 orders
- −$9.12
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$62.52
- Costs to cover
- 0.206%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 16 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 Arcus live order book, 16 min ago | 0.99 bp | 5.3 bp −$5 | 6.9 bp −$69 | 26.5 bp −$2,647 | doesn't fit |
| Sell Deribit live order book, 1 min ago | 0.33 bp | 5.0 bp −$5 | 7.2 bp −$72 | 44.5 bp −$4,450 | 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 | 1.5166 | −0.289% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5204 | −0.041% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5170 | −0.263% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5172 | −0.252% | $246K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | +0.0014% | 1h | 1.5177 | −0.217% | $7.7M | $24.8M | 50x | |
| Kraken Futures PF_XRPUSD | +0.0025% | 1h | 1.5174 | −0.235% | $14.4M | $74.9M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.301% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0085% / S −0.0034% | 1h | 1.5174 | −0.237% | $800K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5202 | −0.053% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5198 | −0.079% | $546K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRPShow 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 | −0.322% | $10K | $372K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5162 | −0.312% | $978K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5201 | −0.058% | $38.6M | $87.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5204 | −0.040% | $618K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5206 | −0.028% | $533.5M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5198 | −0.079% | $346.6M | $961.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5199 | −0.072% | $127.4M | $885.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5147 | −0.414% | $564K | $32K | 5x | as long as short |
| Arcus XRP-USDlong | +0.0100% | 1h | 1.5210 | long leg | $144K | $715K | 20x | |
| Gate XRP_USDT | +0.0100% | 8h | 1.5190 | −0.131% | $377.0M | $160.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5206 | −0.026% | $305.0M | $925.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5201 | −0.061% | $107.8M | $181.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5201 | −0.059% | $268.1M | $396.9M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5199 | −0.072% | — | $105.5M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5158 | −0.343% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5157 | −0.350% | $658K | $113.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5162 | −0.315% | $1.1M | $36.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5164 | −0.302% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5170 | −0.265% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5168 | −0.276% | $47K | $489K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5174 | −0.238% | $41K | $71K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5173 | −0.243% | $65K | $774K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5148 | −0.405% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5169 | −0.268% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5175 | −0.230% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5176 | −0.226% | $49.6M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5172 | −0.250% | $54.3M | $32.4M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5157 | −0.348% | $1.6M | $5K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5208 | −0.016% | $474K | $54K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5186 | −0.159% | $2.1M | $6.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5169 | −0.270% | $8K | $2K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5172 | −0.249% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0144% | 1h | 1.5161 | −0.324% | $17K | $79K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0175% | 1h | 1.5189 | −0.138% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5178 | −0.210% | $5.7M | $48.2M | 50x | as long as short |
| Hyperliquid XRP | +0.0191% | 1h | 1.5209 | −0.007% | $289.2M | $264.9M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0212% | 8h | 1.5175 | −0.230% | $1.8M | $35.2M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5156 | −0.353% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5164 | −0.302% | $23.6M | $77.8M | 125x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5169 | −0.268% | $529K | $800K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0604% | 1h | 1.5167 | −0.286% | $2K | $16K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Bulk XRP-USD
Paradex XRP-USD-PERP
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hyperliquid XRP
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD