XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.024%

Price spread now: Deribit against Bulk+0.142%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−$3as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on Bulk Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.142%, 7d avg −0.003%

Together, before fees−0.233%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.144% dearer against Bulk than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of −0.003%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 4 days (−0.031% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5164	0.0100	pay 0.0013% / 1h	19m 37s	$1.6M	$49K	20x
Short	Deribit XRP_USDC-PERPETUAL	1.5186	0.0013	get 0.0002% / 1h	19m 37s	$7.8M	$25.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bulk. 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 BulkbpFee DeribitbpOrdersPrice spread, now +0.142%Rate

Funding earned: −$18.27
Price spread: +0.142% → −0.003%: $14.44
Slippage, 4 orders: −$3.56
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$21.39
Costs to cover: 0.176%
Break-even: never at this rate

Slippage from Bulk: live order book, 4 min ago; Deribit: live order book, 4 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 Bulk live order book, 4 min ago	0.33 bp	3.8 bp −$4	4.5 bp −$45	7.8 bp −$783	20.1 bp −$10.0K
Sell Deribit live order book, 4 min ago	0.33 bp	4.3 bp −$4	6.5 bp −$65	38.8 bp −$3,881	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	1.5188	+0.155%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5159	−0.039%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5184	+0.129%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0013%	1h	1.5186	+0.142%	$7.8M	$25.5M	50x
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5181	+0.109%	$14.5M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.608%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5184	+0.125%	$779K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5168	+0.023%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5170	+0.036%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5165	+0.003%	$9K	$350K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5161	−0.022%	$984K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5162	−0.016%	$38.9M	$85.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5157	−0.049%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5162	−0.016%	$535.4M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5165	+0.003%	$344.9M	$945.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5167	+0.016%	$126.3M	$883.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5187	+0.148%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5171	+0.043%	$137K	$721K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5164	long leg	$1.6M	$49K	20x
Gate XRP_USDT	+0.0100%	8h	1.5159	−0.036%	$372.3M	$156.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5155	−0.063%	$295.2M	$906.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5162	−0.020%	$109.3M	$177.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5163	−0.010%	$269.3M	$390.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5153	−0.076%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.147%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5180	+0.105%	$659K	$110.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5170	+0.036%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	+0.228%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5166	+0.010%	$46K	$478K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5183	+0.122%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5185	+0.135%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5186	+0.141%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5184	+0.129%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	+0.129%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5186	+0.138%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5180	+0.102%	$54.0M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5158	−0.041%	$473K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5165	+0.001%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5159	−0.034%	$2.0M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5183	+0.121%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5172	+0.049%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5188	+0.155%	$5.8M	$48.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5160	−0.028%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5181	+0.109%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0256%	1h	1.5184	+0.129%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5191	+0.172%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0277%	8h	1.5186	+0.142%	$1.9M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5168	+0.025%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0411%	1h	1.5184	+0.129%	$298.6M	$251.1M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.168%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0644%	1h	1.5187	+0.145%	$2K	$15K	10x	as long as short