XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0101%/8h= −11.1% APRnext payment −$0.13 per $10,000 · paid last 24h +0.020%

Price spread now: Kraken Futures against Arcus+0.049%7-day average +0.003% · 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−$250.247% of the position

Long on Arcus Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.049%, 7d avg +0.003%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.046% dearer against Arcus than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of +0.003%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 hours. Mind the row above: over the last 4 days funding on this pair paid +0.065%, 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	Arcus XRP-USD	1.5003	0.0100	pay 0.0013% / 1h	23m 28s	$143K	$713K	20x
Short	Kraken Futures PF_XRPUSD	1.5010	−0.0001	pay 0.0000% / 1h	23m 28s	$14.1M	$74.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Arcus. 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 ArcusbpFee Kraken FuturesbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$21.23
Price spread: +0.049% → +0.003%: $4.6
Slippage, 4 orders: −$10.2
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$41.33
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from Arcus: live order book, 25 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 Arcus live order book, 25 min ago	0.99 bp	3.2 bp −$3	5.4 bp −$54	24.2 bp −$2,418	doesn't fit
Sell Kraken Futures live order book, 6 min ago	0.67 bp	8.8 bp −$9	12.5 bp −$125	23.6 bp −$2,355	54.0 bp −$27.0K

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	1.5007	+0.027%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSDshort	−0.0001%	1h	1.5010	+0.049%	$14.1M	$74.9M	50x
dYdX XRP-USD	0.0000%	1h	1.5005	+0.016%	$1.1M	$130K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.4980	−0.153%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5002	−0.005%	$243K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.713%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.4998	−0.032%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5000	−0.020%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5003	+0.003%	$2.8M	$15.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5006	+0.020%	$543K	$3.3M	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	1.4991	−0.080%	$10K	$360K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5004	+0.006%	$946K	$6.3M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5009	+0.040%	$286.3M	$261.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.4999	−0.027%	$38.2M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5004	+0.009%	$600K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5000	−0.020%	$521.2M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.4999	−0.027%	$341.4M	$964.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5000	−0.020%	$124.5M	$876.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.4996	−0.047%	$556K	$31K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5003	long leg	$143K	$713K	20x
Bulk XRP-USD	+0.0100%	1h	1.5027	+0.159%	$1.6M	$4K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5003	0.000%	$368.3M	$159.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.4997	−0.040%	$280.5M	$919.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.4999	−0.025%	$104.6M	$180.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.4995	−0.053%	$263.3M	$397.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.4997	−0.040%	—	$106.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.4960	−0.286%	$4.7M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.4951	−0.345%	$649K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.4988	−0.103%	$1.1M	$37.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.4945	−0.387%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5000	−0.020%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5001	−0.010%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5005	+0.013%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5004	+0.008%	$807K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5004	+0.009%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5010	+0.047%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5007	+0.023%	$49.0M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5003	0.000%	$53.5M	$32.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5011	+0.052%	$468K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5002	−0.009%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.4991	−0.077%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5005	+0.016%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0148%	8h	1.4999	−0.027%	$1.7M	$35.8M	2.9x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0150%	1h	1.5012	+0.060%	$7.6M	$25.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0165%	1h	1.5017	+0.093%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5014	+0.073%	$5.5M	$48.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.4994	−0.061%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.4994	−0.058%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.4995	−0.053%	$23.3M	$76.3M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5002	−0.007%	$515K	$784K	10x	as long as short
Aftermath Perps XRPUSD	+0.0621%	1h	1.5007	+0.026%	$2K	$16K	10x	as long as short