XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.029%

Price spread now: SoDEX against Coinbase International+0.013%7-day average −0.034% · 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−$19as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.013%, 7d avg −0.034%

Together, before fees−0.105%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.047% dearer against Coinbase International than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.034%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5308	0.0112	pay 0.0014% / 1h	45m 27s	$5.5M	$43.9M	50x
Short	SoDEX XRP-USD	1.5310	0.0060	get 0.0007% / 1h	45m 27s	$29K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$10.94
Price spread: +0.013% → −0.034%: $4.73
Slippage, 4 orders: −$6.09
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$30.3
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; SoDEX: live order book, 1 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, 2 min ago	0.33 bp	7.8 bp −$8	11.1 bp −$111	27.6 bp −$2,755	doesn't fit
Sell SoDEX live order book, 1 min ago	0.33 bp	4.3 bp −$4	7.0 bp −$70	doesn't fit	doesn't fit

XRP on 50 exchanges

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	1.5356	+0.314%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5313	+0.034%	$14.0M	$70.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5286	−0.146%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5340	+0.209%	$69K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5315	+0.046%	$7.8M	$21.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5311	+0.019%	$245K	—	150x	as long as short
01 Exchange XRPUSD	+0.0008%	1h	1.5291	−0.111%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.646%	$2K	$107K	30x	as long as short
SoDEX XRP-USDshort	+0.0060%	1h	1.5310	+0.013%	$29K	$1.5M	10x
Lighter XRP	+0.0096%	1h	1.5290	−0.118%	$2.8M	$14.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5295	−0.085%	$598K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5286	−0.144%	$477K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5284	−0.157%	$10K	$399K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5284	−0.154%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5298	−0.068%	$297.8M	$267.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5282	−0.170%	$39.2M	$81.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5289	−0.127%	$590K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5283	−0.164%	$532.7M	$2.08B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5283	−0.163%	$360.5M	$886.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5280	−0.183%	$124.5M	$832.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5279	−0.189%	$562K	$36K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5292	−0.105%	$164K	$682K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5314	+0.040%	$1.6M	$26K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5286	−0.144%	$380.0M	$156.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5281	−0.176%	$308.6M	$891.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5286	−0.147%	$105.0M	$181.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5283	−0.163%	$271.2M	$356.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5283	−0.163%	—	$99.5M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5315	+0.046%	$2.0M	$1.2M	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5309	+0.004%	$5.0M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	+0.036%	$665K	$109.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5321	+0.083%	$1.1M	$30.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5317	+0.059%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5291	−0.112%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5284	−0.157%	$52K	$474K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5283	−0.164%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5283	−0.163%	$83K	$613K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5316	+0.054%	$128K	$1.5M	30x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5300	−0.051%	$49.9M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5312	+0.026%	$54.6M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5280	−0.180%	$2.2M	$6.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5313	+0.031%	$17K	$76K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5277	−0.199%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0112%	1h	1.5308	long leg	$5.5M	$43.9M	50x
Kalshi KXXRPPERP	+0.0135%	8h	1.5319	+0.072%	$1.9M	$35.1M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0211% / S −0.0510%	1h	1.5283	−0.161%	$822K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5315	+0.046%	$23.9M	$78.1M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5308	−0.001%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5291	−0.110%	$513K	$736K	10x	as long as short
Aftermath Perps XRPUSD	+0.0443%	1h	1.5332	+0.156%	$3K	$13K	10x	as long as short