Funding you earn now, next payment 07:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h +0.023%
Price spread now: Bulk against Deribit+0.006%7-day average +0.006% · 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−$18as in the Price arb table
costs, in and out, $10k−$180.182% of the position
Funding, last 4 days (all we have)+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.006%, 7d avg +0.006%
=The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit XRP_USDC-PERPETUAL | 1.5128 | 0.0081 | pay 0.0010% / 1h | 45m 49s | $7.7M | $25.0M | 50x |
| Short | Bulk XRP-USD | 1.5129 | 0.0100 | get 0.0013% / 1h | 45m 49s | $1.6M | $5K | 20x |
Deribit XRP_USDC-PERPETUAL
Bulk XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Deribit. 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
- $3.99
- Price spread: +0.006% → +0.006%
- −$0.02
- Slippage, 4 orders
- −$4.19
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$14.23
- Costs to cover
- 0.182%
- Break-even
- 32.0 days
Slippage from Deribit: live order book, 3 min ago; Bulk: 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 Deribit live order book, 3 min ago | 0.99 bp | 5.0 bp −$5 | 6.6 bp −$66 | 45.2 bp −$4,518 | doesn't fit |
| Sell Bulk live order book, 3 min ago | 0.33 bp | 3.8 bp −$4 | 4.3 bp −$43 | 6.0 bp −$602 | 17.4 bp −$8,687 |
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 | 1.5146 | +0.119% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5127 | −0.007% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5170 | +0.278% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5123 | −0.034% | $245K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0025% | 1h | 1.5123 | −0.035% | $14.4M | $75.3M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.856% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5125 | −0.020% | $8K | $8K | 10x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0080% / S −0.0027% | 1h | 1.5122 | −0.039% | $797K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUALlong | +0.0081% | 1h | 1.5128 | long leg | $7.7M | $25.0M | 50x | |
| Lighter XRP | +0.0096% | 1h | 1.5116 | −0.079% | $2.8M | $15.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
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 | 1.5122 | −0.040% | $545K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5118 | −0.066% | $12K | $367K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5130 | +0.010% | $991K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5121 | −0.046% | $38.4M | $87.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5134 | +0.038% | $605K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5121 | −0.049% | $527.5M | $2.23B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5113 | −0.099% | $344.0M | $967.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5115 | −0.086% | $126.9M | $889.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5146 | +0.119% | $563K | $32K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5130 | +0.013% | $143K | $718K | 20x | as long as short |
| Bulk XRP-USDshort | +0.0100% | 1h | 1.5129 | +0.006% | $1.6M | $5K | 20x | |
| Gate XRP_USDT | +0.0100% | 8h | 1.5121 | −0.046% | $372.3M | $159.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5124 | −0.026% | $297.8M | $919.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5124 | −0.024% | $107.2M | $182.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5114 | −0.093% | $266.5M | $400.3M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5122 | −0.040% | — | $106.4M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5130 | +0.013% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5150 | +0.148% | $658K | $114.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5141 | +0.085% | $1.1M | $36.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5154 | +0.172% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5130 | +0.014% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5125 | −0.020% | $47K | $491K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5126 | −0.015% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5122 | −0.040% | $65K | $929K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5124 | −0.025% | $814K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5127 | −0.010% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5124 | −0.026% | $31K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5126 | −0.011% | $49.4M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5121 | −0.046% | $54.0M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5137 | +0.061% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5121 | −0.047% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5122 | −0.043% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0152% | 1h | 1.5127 | −0.007% | $288.4M | $264.3M | 20x | as long as short |
| Backpack XRP_USDC_PERP | +0.0155% | 1h | 1.5133 | +0.033% | $2.0M | $1.4M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0168% | 1h | 1.5138 | +0.067% | $17K | $79K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5128 | 0.000% | $5.7M | $48.2M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5120 | −0.051% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5136 | +0.053% | $23.5M | $77.8M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0221% | 8h | 1.5136 | +0.053% | $1.7M | $35.4M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5127 | −0.005% | $522K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0552% | 1h | 1.5143 | +0.098% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
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
Hyperliquid XRP
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD