XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.029%

Price spread now: Katana Perps against gTrade (Gains Network)+0.007%46s7-day average −0.016% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.068%+$7 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.007%, 7d avg −0.016%

Together, before fees+0.035%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Katana Perps is 0.023% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.016%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XRP/USD	1.5172	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	40m 29s	$261K	—	150x
Short	Katana Perps XRP-USD	1.5173	0.0098	get 0.0098% / 8h	3h 40m	$12K	$343K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 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 gTrade (Gains Network)bpFee Katana PerpsbpOrdersPrice spread, now +0.007%Rate

Funding earned: $19.92
Price spread: +0.007% → −0.016%: $2.34
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $8.45
Costs to cover: 0.138%
Break-even: 4.0 days

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 14 min ago; Katana Perps: no order-book sample. Net counts fees only.

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), 14 min ago	130.04 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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 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	1.5178	+0.040%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5177	+0.036%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5172	long leg	$261K	—	150x
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5182	+0.066%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.558%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0052% / S +0.0013%	1h	1.5172	+0.001%	$778K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5186	+0.093%	$7.8M	$25.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5182	+0.065%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5182	+0.067%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USDshort	+0.0098%	8h	1.5173	+0.007%	$12K	$343K	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5177	+0.034%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5177	+0.032%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5176	+0.027%	$38.3M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5179	+0.047%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5177	+0.034%	$533.2M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5188	+0.106%	$346.1M	$941.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5186	+0.093%	$127.0M	$887.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5151	−0.138%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5181	+0.060%	$118K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.205%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5177	+0.034%	$370.4M	$154.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5177	+0.034%	$293.0M	$900.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5179	+0.049%	$108.9M	$176.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5184	+0.080%	$268.9M	$389.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5173	+0.007%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5173	+0.006%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5203	+0.205%	$661K	$109.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	+0.192%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5209	+0.245%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5179	+0.050%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5184	+0.080%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5178	+0.041%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5180	+0.057%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5186	+0.095%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	+0.080%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5173	+0.008%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5180	+0.053%	$54.1M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5177	+0.034%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5174	+0.012%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5178	+0.041%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5183	+0.073%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5187	+0.100%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5181	+0.057%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5176	+0.027%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5170	−0.011%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0279%	8h	1.5178	+0.040%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0281%	1h	1.5193	+0.139%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0318%	1h	1.5196	+0.159%	$292.1M	$235.4M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5183	+0.075%	$517K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5170	−0.013%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0669%	1h	1.5191	+0.129%	$2K	$15K	10x	as long as short