XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h +0.045%

Price spread now: Kraken Futures against dYdX+0.110%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$720.720% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 4 days (all we have)−0.610%−$61 · spread now +0.110%, 7d avg +0.001%

Together, before fees−0.380%−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Kraken Futures is 0.109% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5435	0	get 0.0000% / 1h	56m 58s	$1.1M	$155K	10x
Short	Kraken Futures PF_XRPUSD	1.5452	0.0015	get 0.0002% / 1h	56m 58s	$14.1M	$73.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.110%Rate

Funding earned: $3.24
Price spread: +0.110% → +0.001%: $10.92
Slippage, 4 orders: −$52.03
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$57.87
Costs to cover: 0.720%
Break-even: 132.0 days

Slippage from dYdX: live order book, 2 min ago; Kraken Futures: live order book, 2 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, 2 min ago	21.03 bp	26.0 bp −$26	26.0 bp −$260	53.2 bp −$5,317	95.0 bp −$47.5K
Sell Kraken Futures live order book, 2 min ago	2.59 bp	10.3 bp −$10	12.4 bp −$124	22.6 bp −$2,259	46.8 bp −$23.4K

XRP on 50 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	1.5434	−0.008%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5435	long leg	$1.1M	$155K	10x
Phoenix XRP	0.0000%	1h	1.5490	+0.355%	$70K	$108K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5479	+0.281%	$251K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0009%	1h	1.5450	+0.096%	$8.0M	$22.1M	50x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0015%	1h	1.5452	+0.110%	$14.1M	$73.5M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.809%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5436	+0.004%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5445	+0.065%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5450	+0.096%	$611K	$3.0M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5434	−0.008%	$20K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5442	+0.042%	$482K	$52K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5435	+0.002%	$993K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5447	+0.076%	$39.2M	$83.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5431	−0.025%	$610K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5448	+0.084%	$539.0M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5441	+0.038%	$360.1M	$904.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5440	+0.031%	$126.5M	$851.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5434	−0.008%	$569K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5442	+0.044%	$167K	$704K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5425	−0.069%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5447	+0.076%	$384.6M	$155.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5450	+0.096%	$309.1M	$894.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5448	+0.082%	$109.6M	$180.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5453	+0.115%	$273.5M	$360.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5446	+0.070%	—	$105.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5471	+0.230%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5462	+0.174%	$672K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5484	+0.313%	$1.1M	$32.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5492	+0.368%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5443	+0.053%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5438	+0.018%	$53K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5438	+0.020%	$41K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5445	+0.064%	$78K	$623K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5450	+0.099%	$130K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5447	+0.076%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5436	+0.005%	$50.4M	$14.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5438	+0.018%	$54.8M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5448	+0.085%	$2.1M	$5.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5440	+0.031%	$9K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5445	+0.060%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5449	+0.089%	$5.3M	$45.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0143% / S −0.0109%	1h	1.5484	+0.318%	$830K	—	200x	as long as short
Backpack XRP_USDC_PERP	+0.0148%	1h	1.5458	+0.148%	$2.0M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0169%	8h	1.5447	+0.076%	$1.7M	$32.9M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5443	+0.051%	$23.8M	$79.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5433	−0.015%	$1.4M	$4K	15x	as long as short
Hyperliquid XRP	+0.0270%	1h	1.5464	+0.187%	$298.9M	$266.9M	20x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5440	+0.031%	$521K	$794K	10x	as long as short
Aftermath Perps XRPUSD	+0.0482%	1h	1.5461	+0.167%	$3K	$15K	10x	as long as short