XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h −0.027%

Price spread now: Ondo Perps against Coinbase International+0.066%7-day average −0.077% · you sell dearer than you buy

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

Long on Coinbase International Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.066%, 7d avg −0.077%

Together, before fees−0.126%+ Points / potential airdropOndo Perps: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.143% dearer against Coinbase International than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of −0.077%): +$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 4.1 days. At the pace of the last 7 days (−0.107% in total) that is about 9.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5088	0.0216	pay 0.0027% / 1h	39m 08s	$5.7M	$46.3M	50x
Short	Ondo Perps XRP-USD.P	1.5098	0.0100	get 0.0013% / 1h	39m 08s	$562K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$24.36
Price spread: +0.066% → −0.077%: $14.35
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$25.01
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 5 min ago; Ondo Perps: 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, 5 min ago	0.33 bp	7.5 bp −$7	9.2 bp −$92	24.3 bp −$2,432	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	1.5060	−0.186%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5091	+0.022%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5110	+0.146%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5083	−0.036%	$261K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0024% / S +0.0063%	1h	1.5081	−0.047%	$827K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.128%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5080	−0.055%	$14.4M	$72.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0070%	8h	1.5082	−0.040%	$57K	$945K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0082%	1h	1.5083	−0.033%	$7.6M	$25.4M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5082	−0.041%	$2.8M	$14.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5086	−0.013%	$515K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5080	−0.053%	$10K	$306K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5107	+0.129%	$778K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5102	+0.095%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5102	+0.094%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5089	+0.004%	$535.8M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5095	+0.046%	$336.8M	$945.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5095	+0.046%	$123.5M	$871.4M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.5098	+0.066%	$562K	$28K	5x
Arcus XRP-USD	+0.0100%	1h	1.5089	+0.007%	$115K	$725K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.629%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5093	+0.033%	$366.4M	$150.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5091	+0.020%	$285.7M	$904.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5080	−0.052%	$106.7M	$172.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5093	+0.033%	$264.9M	$386.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5086	−0.013%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5098	+0.067%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5152	+0.427%	$658K	$108.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5080	−0.052%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	+0.497%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5103	+0.097%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5107	+0.126%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5091	+0.022%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5083	−0.035%	$812K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5086	−0.015%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5083	−0.033%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5092	+0.027%	$49.5M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5088	0.000%	$53.6M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5093	+0.035%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5077	−0.072%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5082	−0.043%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5095	+0.046%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0183%	1h	1.5098	+0.066%	$279.1M	$220.6M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5104	+0.108%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0216%	1h	1.5088	long leg	$5.7M	$46.3M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.696%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5062	−0.173%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0330%	1h	1.5097	+0.060%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0339%	8h	1.5099	+0.073%	$2.1M	$36.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5092	+0.028%	$534K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0800%	1h	1.5124	+0.241%	$2K	$14K	10x	as long as short