XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0245%/8h= −26.9% APRnext payment −$0.31 per $10,000 · paid last 24h +0.026%

Price spread now: Deribit against GMX+0.053%186s7-day average +0.002% · you sell dearer than you buy

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

Long on GMX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.149%+$15 on $10k

Price spread, last 4 days (all we have)−0.215%−$22 · spread now +0.053%, 7d avg +0.002%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.051% dearer against GMX than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of +0.002%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 4 days funding on this pair paid +0.149%, so the current rate has only just turned against you. The two prices were read 186 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	GMX XRP/USD [ETH-USDC]	1.5328	L +0.0245% / S −0.0472%	pay 0.0031% / 1h	2m 29s	$886K	—	200x
Short	Deribit XRP_USDC-PERPETUAL	1.5336	0	get 0.0000% / 1h	2m 29s	$7.7M	$20.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against GMX. 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 GMXbpFee DeribitbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$51.54
Price spread: +0.053% → +0.002%: $5.06
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$65.48
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Deribit: live order book, 5 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Deribit live order book, 5 min ago	0.33 bp	6.1 bp −$6	7.9 bp −$79	285.8 bp −$28.6K	doesn't fit

GMX: 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 exchanges

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	1.5387	+0.386%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5330	+0.015%	$13.8M	$69.3M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5327	−0.009%	$1.1M	$155K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5330	+0.014%	$69K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUALshort	0.0000%	1h	1.5336	+0.053%	$7.7M	$20.1M	50x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5325	−0.019%	$242K	—	150x	as long as short
01 Exchange XRPUSD	+0.0008%	1h	1.5337	+0.060%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.514%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5322	−0.037%	$17K	$70K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5330	+0.012%	$2.8M	$14.2M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5333	+0.034%	$599K	$3.2M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5333	+0.034%	$478K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5327	−0.006%	$10K	$410K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5326	−0.015%	$838K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5348	+0.131%	$297.7M	$264.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5334	+0.040%	$39.0M	$79.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5331	+0.020%	$590K	$987K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5334	+0.040%	$533.6M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5334	+0.040%	$361.6M	$859.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5333	+0.034%	$124.2M	$824.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5313	−0.097%	$562K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5339	+0.073%	$163K	$694K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5336	+0.053%	$378.4M	$161.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5329	+0.007%	$317.7M	$909.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5327	−0.003%	$105.0M	$181.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5336	+0.053%	$271.5M	$349.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5331	+0.020%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5324	−0.022%	$4.9M	$38.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5321	−0.045%	$667K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5326	−0.015%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5330	+0.014%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5336	+0.054%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5337	+0.060%	$52K	$470K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5330	+0.012%	$41K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5333	+0.034%	$83K	$601K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5303	−0.162%	$823K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5332	+0.025%	$129K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5330	+0.014%	$32K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5318	−0.062%	$49.9M	$13.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5329	+0.007%	$54.7M	$33.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5324	−0.022%	$1.6M	$66K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5329	+0.010%	$2.2M	$6.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5328	+0.003%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5336	+0.053%	$5.4M	$42.6M	50x	as long as short
Kalshi KXXRPPERP	+0.0116%	8h	1.5335	+0.047%	$1.9M	$35.4M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0161%	1h	1.5337	+0.060%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5325	−0.019%	$23.7M	$77.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0224%	1h	1.5324	−0.027%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5339	+0.072%	$508K	$723K	10x	as long as short
GMX XRP/USD [ETH-USDC]long	L +0.0245% / S −0.0472%	1h	1.5328	long leg	$886K	—	200x
Aftermath Perps XRPUSD	+0.0371%	1h	1.5314	−0.089%	$3K	$13K	10x	as long as short