XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.09 per $10,000 · paid last 24h −0.031%

Price spread now: Arcus against Coinbase International−0.053%7-day average −0.026% · 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−$27as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Coinbase International Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.049%−$5 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.053%, 7d avg −0.026%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Arcus is 0.027% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5230	0.0176	pay 0.0022% / 1h	9m 26s	$5.7M	$48.3M	50x
Short	Arcus XRP-USD	1.5222	0.0100	get 0.0013% / 1h	9m 26s	$145K	$714K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Coinbase International. 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 Coinbase InternationalbpFee ArcusbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$15.96
Price spread: −0.053% → −0.026%: −$2.69
Slippage, 4 orders: −$10.16
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$43.31
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Arcus: live order book, 34 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 Coinbase International live order book, 5 min ago	0.33 bp	7.3 bp −$7	11.6 bp −$116	30.4 bp −$3,038	doesn't fit
Sell Arcus live order book, 34 min ago	0.99 bp	4.8 bp −$5	8.3 bp −$83	28.1 bp −$2,807	doesn't fit

XRP on 50 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	1.5220	−0.066%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5222	−0.050%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	−0.066%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5217	−0.082%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5225	−0.033%	$7.8M	$24.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5220	−0.062%	$14.5M	$74.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.167%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0090% / S −0.0045%	1h	1.5216	−0.090%	$785K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5218	−0.081%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5218	−0.079%	$546K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5217	−0.085%	$11K	$370K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5217	−0.082%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5227	−0.021%	$38.6M	$87.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5219	−0.074%	$616K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5224	−0.039%	$534.4M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5220	−0.066%	$348.9M	$961.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5222	−0.053%	$127.7M	$880.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5217	−0.085%	$566K	$33K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5222	−0.053%	$145K	$714K	20x
Bulk XRP-USD	+0.0100%	1h	1.5223	−0.044%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5223	−0.046%	$377.8M	$161.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5223	−0.046%	$313.2M	$932.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5226	−0.028%	$107.9M	$182.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5220	−0.066%	$269.0M	$395.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5216	−0.092%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5214	−0.107%	$4.8M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5223	−0.044%	$661K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5213	−0.114%	$1.1M	$35.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5225	−0.033%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5225	−0.030%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5227	−0.020%	$64K	$492K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5225	−0.033%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5225	−0.033%	$75K	$686K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5223	−0.049%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5222	−0.053%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5223	−0.046%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5220	−0.066%	$54.5M	$32.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5224	−0.039%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5211	−0.124%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5222	−0.051%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5220	−0.066%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5216	−0.090%	$17K	$79K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0176%	1h	1.5228	−0.013%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0176%	1h	1.5230	long leg	$5.7M	$48.3M	50x
Hyperliquid XRP	+0.0215%	1h	1.5237	+0.046%	$289.8M	$266.1M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5218	−0.078%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5221	−0.059%	$23.6M	$78.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0220%	8h	1.5220	−0.066%	$1.8M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5223	−0.044%	$529K	$806K	10x	as long as short
Aftermath Perps XRPUSD	+0.0683%	1h	1.5235	+0.035%	$2K	$16K	10x	as long as short