XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0216%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h +0.058%

Price spread now: Coinbase International against dYdX−0.032%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 4 days (all we have)−0.434%−$43 · spread now −0.032%, 7d avg +0.028%

Together, before fees−0.238%−$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.060% cheaper against dYdX than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.028%). If the spread goes back, that is −$6 on $10k: about 22 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.196% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5158	0	get 0.0000% / 1h	26m 34s	$1.1M	$110K	10x
Short	Coinbase International XRP-PERP-INTX	1.5153	0.0216	get 0.0027% / 1h	26m 34s	$5.6M	$46.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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 dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.032%Rate

Funding earned: $45.36
Price spread: −0.032% → +0.028%: −$5.97
Slippage, 4 orders: −$30.64
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$11.25
Costs to cover: 0.506%
Break-even: 8.7 days

Slippage from dYdX: live order book, 3 min ago; Coinbase International: 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 dYdX live order book, 3 min ago	12.84 bp	17.8 bp −$18	17.8 bp −$178	24.1 bp −$2,406	57.1 bp −$28.5K
Sell Coinbase International live order book, 3 min ago	0.66 bp	8.0 bp −$8	10.9 bp −$109	28.7 bp −$2,867	doesn't fit

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	1.5153	−0.032%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5158	long leg	$1.1M	$110K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5146	−0.077%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5150	−0.052%	$7.7M	$25.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.653%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0035% / S +0.0042%	1h	1.5146	−0.081%	$818K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5168	+0.067%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5148	−0.065%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5161	+0.021%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5157	−0.005%	$511K	$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	1.5158	+0.001%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5160	+0.018%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5176	+0.120%	$281.3M	$221.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5158	0.000%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5161	+0.023%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5169	+0.074%	$537.8M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5167	+0.061%	$344.2M	$926.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5171	+0.087%	$125.9M	$866.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	+0.087%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5165	+0.047%	$114K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.011%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5160	+0.014%	$369.4M	$152.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5161	+0.021%	$293.4M	$899.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5161	+0.022%	$108.2M	$171.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5165	+0.047%	$268.3M	$379.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5161	+0.021%	—	$126.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	+0.268%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5184	+0.172%	$659K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5175	+0.111%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	+0.331%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5163	+0.037%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5167	+0.061%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5148	−0.064%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5149	−0.056%	$815K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5157	−0.002%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	−0.065%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5157	−0.002%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5154	−0.025%	$53.9M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5160	+0.016%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5156	−0.009%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5146	−0.076%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0186%	1h	1.5160	+0.014%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5164	+0.040%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0216%	1h	1.5153	−0.032%	$5.6M	$46.4M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5154	−0.025%	$24.2M	$74.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5149	−0.060%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5147	−0.074%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5158	+0.001%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5172	+0.096%	$517K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.212%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0685%	1h	1.5167	+0.060%	$2K	$14K	10x	as long as short