Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.009%
Price spread now: Orderly against Arcus+0.430%7-day average −0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.664%−$66 · spread now +0.430%, 7d avg −0.004%
=The price spread pays, funding is against you. Orderly is 0.435% dearer against Arcus than usual: you sell high and buy low (spread +0.430% now, against its 7-day average of −0.004%): +$43 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus XRP-USD | 1.5103 | 0.0100 | pay 0.0013% / 1h | 39m 38s | $113K | $717K | 20x |
| Short | Orderly PERP_XRP_USDC | 1.5168 | 0.0080 | get 0.0080% / 8h | 4h 39m | $62K | $935K | 50x |
Arcus XRP-USD
Orderly PERP_XRP_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$4.23
- Price spread: +0.430% → −0.004%
- $43.47
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $28.74
- Costs to cover
- 0.105%
- Break-even
- from the start
Slippage unknown: Arcus: live order book, 19 min ago; Orderly: no order-book sample. Net counts fees only.
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, 19 min ago | 1.32 bp | 5.3 bp −$5 | 13.0 bp −$130 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.5162 | +0.391% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5162 | +0.388% | $14.3M | $73.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5155 | +0.345% | $1.1M | $114K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5150 | +0.311% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5165 | +0.411% | $253K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.026% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0039% / S +0.0030% | 1h | 1.5168 | +0.428% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5153 | +0.331% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDCshort | +0.0080% | 8h | 1.5168 | +0.430% | $62K | $935K | 50x | |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5170 | +0.444% | $7.7M | $25.6M | 50x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUALShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XRP | +0.0096% | 1h | 1.5165 | +0.407% | $2.8M | $14.6M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5163 | +0.397% | $510K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0097% | 8h | 1.5142 | +0.258% | $10K | $321K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5177 | +0.493% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5172 | +0.457% | $281.7M | $225.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5164 | +0.402% | $38.4M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5160 | +0.374% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5151 | +0.318% | $533.8M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5153 | +0.331% | $344.8M | $931.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5155 | +0.344% | $125.9M | $874.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5175 | +0.477% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USDlong | +0.0100% | 1h | 1.5103 | long leg | $113K | $717K | 20x | |
| Bulk XRP-USD | +0.0100% | 1h | 1.5146 | +0.283% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5147 | +0.291% | $369.9M | $153.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5155 | +0.344% | $289.7M | $897.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5152 | +0.326% | $108.0M | $173.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5145 | +0.278% | $267.7M | $384.0M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5147 | +0.291% | — | $126.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5148 | +0.296% | $5.4M | $37.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5151 | +0.319% | $658K | $108.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5180 | +0.510% | $1.1M | $35.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5149 | +0.305% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5171 | +0.451% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5178 | +0.497% | $43K | $452K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5170 | +0.444% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5170 | +0.442% | $816K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5169 | +0.440% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5166 | +0.417% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5159 | +0.368% | $49.6M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5159 | +0.371% | $54.1M | $30.5M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5148 | +0.298% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5140 | +0.243% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5170 | +0.441% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0168% | 1h | 1.5149 | +0.306% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0170% | 1h | 1.5170 | +0.444% | $1.9M | $1.3M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5174 | +0.470% | $5.6M | $47.2M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5171 | +0.450% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5159 | +0.371% | $24.2M | $76.1M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0316% | 8h | 1.5174 | +0.470% | $2.1M | $34.4M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5152 | +0.325% | $516K | $779K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0665% | 1h | 1.5154 | +0.338% | $2K | $15K | 10x | as long as short |
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Bulk XRP-USD
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD