XRP

Alert

Funding spread now, next payment 18:00 UTC+0.0075%/8h

paid, last 24h+0.024%paid, last 7 days−0.016%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.4931	0.0100	pay 0.0013% / 1h	42m 44s	$804K	$65K	10x
Short	Kalshi KXXRPPERP	1.4942	0.0175	get 0.0175% / 8h	2h 42m	$1.8M	$32.6M	2.9x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee KalshibpOrdersRate

Funding earned: $15.69
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$0.31
Break-even: 7.1 days

Slippage unknown: Derive: no order-book sample; Kalshi: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.070%
Avg gap 7d: +0.040%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Derive no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 3 min ago	1.67 bp	9.7 bp −$10	11.4 bp −$114	18.4 bp −$1,839	doesn't fit

Derive: 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 50 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0292%	1h	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	$1.1M	$95K	10x	as long as short
Phoenix XRP	0.0000%	1h	$69K	$86K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	$8.7M	$20.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0003%	1h	$218K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	$2K	$63K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	$184K	$774K	50x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	$19K	$30K	7x	as long as short
Lighter XRP	+0.0096%	1h	$2.9M	$9.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	$452K	$2.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	$12K	$237K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	$466K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	$1.1M	$4.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	$38.0M	$65.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	$658K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	$524.5M	$1.65B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	$329.6M	$735.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	$124.0M	$754.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	$559K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	$116K	$571K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	$343.9M	$123.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	$289.6M	$726.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	$112.6M	$132.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	$255.7M	$308.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	—	$3.6M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	$1.6M	$885K	25x	as long as short
Variational Omni XRP	+0.0100%	8h	$5.2M	$18.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	$649K	$86.8M	30x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	$996K	$715K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	$63K	$382K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	$41K	$57K	20x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	$804K	$65K	10x
SunX XRP-USDT	+0.0100%	8h	$125K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	$49.3M	$13.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	$54.1M	$26.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	$1.6M	$257K	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	$72K	$39K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0163%	1h	$16.5M	$43.2M	50x	as long as short
Kalshi KXXRPPERPshort	+0.0175%	8h	$1.8M	$32.6M	2.9x
Reya XRPRUSDPERP	+0.0207%	1h	$1.3M	$15K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	$23.2M	$57.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0240%	1h	$5.1M	$37.1M	50x	as long as short
Hyperliquid XRP	+0.0312%	1h	$264.1M	$151.1M	20x	as long as short
RISEx XRP/USDC	+0.0490%	1h	$387K	$445K	10x	as long as short
Aftermath Perps XRPUSD	+0.0500%	1h	$1K	$9K	10x	as long as short