XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0259%/8h= −28.3% APRnext payment −$0.32 per $10,000 · paid last 24h −0.127%

Price spread now: GMX against Coinbase International−0.042%7-day average −0.002% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.289%−$29 on $10k

Price spread, last 4 days (all we have)+0.599%+$60 · spread now −0.042%, 7d avg −0.002%

Together, before fees+0.311%+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.040% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5166	0.0216	pay 0.0027% / 1h	28m 16s	$5.6M	$46.5M	50x
Short	GMX XRP/USD [ETH-USDC]	1.5160	L +0.0034% / S +0.0043%	pay 0.0005% / 1h	28m 16s	$818K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$54.35
Price spread: −0.042% → −0.002%: −$4
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$80.35
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 1 min ago; GMX: 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 Coinbase International live order book, 1 min ago	0.66 bp	7.0 bp −$7	9.5 bp −$95	24.6 bp −$2,459	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	1.5169	+0.020%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5167	+0.010%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5160	−0.040%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5161	−0.033%	$7.7M	$25.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.598%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]short	L +0.0034% / S +0.0043%	1h	1.5160	−0.042%	$818K	—	200x
01 Exchange XRPUSD	+0.0072%	1h	1.5160	−0.040%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5157	−0.059%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5170	+0.025%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5170	+0.026%	$512K	$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	+0.0100%	8h	1.5152	−0.092%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5168	+0.011%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5172	+0.040%	$281.2M	$221.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5168	+0.013%	$38.5M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5171	+0.032%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5160	−0.043%	$537.4M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5157	−0.059%	$344.2M	$926.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5158	−0.053%	$125.8M	$867.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	+0.033%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5168	+0.013%	$114K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.065%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5163	−0.020%	$369.3M	$152.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5162	−0.026%	$292.4M	$899.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5163	−0.022%	$108.2M	$171.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5155	−0.073%	$267.8M	$380.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5159	−0.046%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	+0.214%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5177	+0.070%	$659K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5214	+0.315%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	+0.277%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5168	+0.013%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5162	−0.026%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5162	−0.026%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5158	−0.050%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5173	+0.049%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5159	−0.046%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5182	+0.104%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5171	+0.033%	$54.0M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5167	+0.007%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5153	−0.086%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5155	−0.069%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5178	+0.079%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5159	−0.049%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0216%	1h	1.5166	long leg	$5.6M	$46.5M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5178	+0.079%	$24.2M	$75.1M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5184	+0.119%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5157	−0.058%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0354%	8h	1.5182	+0.105%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5165	−0.008%	$516K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.158%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0679%	1h	1.5171	+0.031%	$2K	$14K	10x	as long as short