Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Bybit+0.066%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$260.263% of the position
Funding, last 7 days+0.184%+$18 on $10k
+Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.066%, 7d avg +0.010%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.056% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XRPUSDT | 1.5087 | 0.0100 | pay 0.0100% / 8h | 2h 46m | $341.5M | $950.6M | 100x |
| Short | BloFin XRP-USDT | 1.5097 | 0.0220 | get 0.0220% / 8h | 2h 46m | $24.1M | $75.8M | 125x |
Bybit XRPUSDT
BloFin XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $25.2
- Price spread: +0.066% → +0.010%
- $5.61
- Slippage, 4 orders
- −$3.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $4.5
- Costs to cover
- 0.263%
- Break-even
- 5.7 days
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 3 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 Bybit live order book, 3 min ago | 0.33 bp | 5.8 bp −$6 | 7.3 bp −$73 | 13.0 bp −$1,300 | 28.0 bp −$14.0K |
| Sell BloFin live order book, 3 min ago | 1.32 bp | 7.3 bp −$7 | 8.2 bp −$82 | 11.5 bp −$1,154 | 20.1 bp −$10.0K |
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 | 1.5094 | +0.046% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5096 | +0.059% | $14.3M | $75.1M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5091 | +0.025% | $1.1M | $115K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5130 | +0.285% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5096 | +0.060% | $7.7M | $25.6M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5093 | +0.040% | $258K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.135% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5090 | +0.020% | $8K | $8K | 10x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.5092 | +0.034% | $792K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5095 | +0.055% | $2.8M | $14.8M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
01 Exchange XRPUSD
GMX XRP/USD [ETH-USDC]
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5095 | +0.053% | $496K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5085 | −0.013% | $10K | $356K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5088 | +0.010% | $937K | $6.2M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5097 | +0.067% | $290.4M | $258.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5091 | +0.027% | $38.7M | $86.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5096 | +0.060% | $605K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5085 | −0.012% | $530.7M | $2.18B | 100x | as long as short |
| Bybit XRPUSDTlong | +0.0100% | 8h | 1.5087 | long leg | $341.5M | $950.6M | 100x | |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5088 | +0.007% | $125.4M | $887.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5111 | +0.159% | $562K | $27K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5093 | +0.040% | $137K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5114 | +0.178% | $1.6M | $29K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5093 | +0.040% | $371.7M | $155.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5085 | −0.013% | $294.8M | $905.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5092 | +0.036% | $107.6M | $179.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5085 | −0.013% | $267.6M | $393.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5083 | −0.027% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5128 | +0.271% | $4.8M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5105 | +0.121% | $656K | $111.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5131 | +0.291% | $1.1M | $37.3M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5124 | +0.245% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5090 | +0.020% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5089 | +0.013% | $50K | $491K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5086 | −0.010% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5094 | +0.046% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5093 | +0.037% | $812K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5111 | +0.162% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5092 | +0.033% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5093 | +0.043% | $49.4M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5092 | +0.033% | $53.8M | $31.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5091 | +0.026% | $470K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5082 | −0.030% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5091 | +0.030% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0146% | 8h | 1.5100 | +0.086% | $1.8M | $35.6M | 2.9x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5098 | +0.073% | $5.6M | $48.2M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0188% | 1h | 1.5098 | +0.073% | $2.0M | $1.4M | 25x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5083 | −0.025% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDTshort | +0.0220% | 8h | 1.5097 | +0.066% | $24.1M | $75.8M | 125x | |
| Hibachi XRP/USDT-P | +0.0232% | 1h | 1.5096 | +0.058% | $17K | $82K | 7x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5092 | +0.033% | $515K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0621% | 1h | 1.5116 | +0.195% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
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
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Reya XRPRUSDPERP
Hibachi XRP/USDT-P
RISEx XRP/USDC
Aftermath Perps XRPUSD