Funding you earn now, next payment 07:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.10 per $10,000 · paid last 24h +0.006%
Price spread now: Deribit against gTrade (Gains Network)+0.040%7-day average +0.028% · 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−$279as in the Price arb table
costs, in and out, $10k−$2812.807% of the position
Funding, last 3 days (all we have)+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)−0.133%−$13 · spread now +0.040%, 7d avg +0.028%
=The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XRP/USD | 1.5123 | L +0.0003% / S −0.0004% | pay 0.0000% / 1h | 51m 36s | $245K | — | 150x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.5129 | 0.0081 | get 0.0010% / 1h | 51m 36s | $7.7M | $25.1M | 50x |
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against gTrade (Gains Network). 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
- $16.31
- Price spread: +0.040% → +0.028%
- $1.21
- Slippage, 4 orders
- −$263.67
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$263.15
- Costs to cover
- 2.807%
- Break-even
- 119.9 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 57 min ago; Deribit: 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 gTrade (Gains Network) virtual book (oracle venue), 57 min ago | 130.02 bp | 135.0 bp −$135 | 208.0 bp −$2,080 | 1906.1 bp −$190.6K | 9819.7 bp −$4.91M |
| Sell Deribit live order book, 3 min ago | 0.33 bp | 4.8 bp −$5 | 7.2 bp −$72 | 47.4 bp −$4,745 | 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 | 1.5125 | +0.013% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5122 | −0.004% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5140 | +0.112% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USDlong | L +0.0003% / S −0.0004% | 1h | 1.5123 | long leg | $245K | — | 150x | |
| Kraken Futures PF_XRPUSD | +0.0025% | 1h | 1.5125 | +0.015% | $14.4M | $75.2M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.890% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5126 | +0.020% | $8K | $8K | 10x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0078% / S −0.0025% | 1h | 1.5122 | −0.006% | $797K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | +0.0081% | 1h | 1.5129 | +0.040% | $7.7M | $25.1M | 50x | |
| Lighter XRP | +0.0096% | 1h | 1.5123 | −0.001% | $2.8M | $15.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
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 | 1.5124 | +0.007% | $545K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5119 | −0.026% | $12K | $367K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5127 | +0.027% | $994K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5127 | +0.026% | $38.4M | $87.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5124 | +0.008% | $602K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5126 | +0.020% | $527.7M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5130 | +0.046% | $344.0M | $967.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5131 | +0.053% | $126.8M | $890.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5129 | +0.040% | $563K | $32K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5127 | +0.026% | $143K | $718K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5129 | +0.039% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5120 | −0.020% | $371.9M | $158.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5121 | −0.013% | $297.5M | $917.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5124 | +0.004% | $107.2M | $182.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5127 | +0.026% | $266.3M | $399.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5117 | −0.040% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5135 | +0.078% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5141 | +0.121% | $658K | $114.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5155 | +0.212% | $1.1M | $36.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5146 | +0.152% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5132 | +0.058% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5136 | +0.086% | $46K | $491K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5123 | +0.002% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5124 | +0.007% | $62K | $932K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5125 | +0.015% | $814K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5129 | +0.040% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5125 | +0.013% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5151 | +0.185% | $49.5M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5128 | +0.033% | $54.0M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5127 | +0.026% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5118 | −0.030% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5124 | +0.003% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0155% | 1h | 1.5131 | +0.053% | $2.0M | $1.4M | 25x | as long as short |
| Hyperliquid XRP | +0.0162% | 1h | 1.5134 | +0.073% | $288.7M | $264.1M | 20x | as long as short |
| Hibachi XRP/USDT-P | +0.0168% | 1h | 1.5125 | +0.011% | $17K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5130 | +0.046% | $5.7M | $48.2M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5130 | +0.048% | $1.3M | $5K | 15x | as long as short |
| Kalshi KXXRPPERP | +0.0219% | 8h | 1.5148 | +0.165% | $1.8M | $35.4M | 2.9x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5145 | +0.145% | $23.5M | $77.7M | 125x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5127 | +0.029% | $522K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0558% | 1h | 1.5147 | +0.162% | $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
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
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
Backpack XRP_USDC_PERP
Hyperliquid XRP
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
Kalshi KXXRPPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD