XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0101%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h −0.020%

Price spread now: Arcus against Kraken Futures−0.069%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Kraken Futures Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.069%, 7d avg −0.003%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.066% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.003%). If the spread goes back, that is −$7 on $10k: about 2.2 days of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.065%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5010	−0.0001	get 0.0000% / 1h	24m 21s	$14.1M	$74.9M	50x
Short	Arcus XRP-USD	1.5000	0.0100	get 0.0013% / 1h	24m 21s	$143K	$719K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Kraken Futures. 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 Kraken FuturesbpFee ArcusbpOrdersPrice spread, now −0.069%Rate

Funding earned: $21.23
Price spread: −0.069% → −0.003%: −$6.6
Slippage, 4 orders: −$10.2
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$10.07
Costs to cover: 0.247%
Break-even: 10.3 days

Slippage from Kraken Futures: live order book, 5 min ago; Arcus: live order book, 24 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 Kraken Futures live order book, 5 min ago	0.67 bp	7.9 bp −$8	11.8 bp −$118	20.5 bp −$2,048	44.1 bp −$22.0K
Sell Arcus live order book, 24 min ago	0.99 bp	4.8 bp −$5	10.9 bp −$109	35.0 bp −$3,500	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	1.4997	−0.089%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSDlong	−0.0001%	1h	1.5010	long leg	$14.1M	$74.9M	50x
dYdX XRP-USD	0.0000%	1h	1.4997	−0.087%	$1.1M	$130K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.4980	−0.202%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5000	−0.069%	$243K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.662%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.4998	−0.080%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5005	−0.035%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5000	−0.069%	$2.8M	$15.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5001	−0.062%	$543K	$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	+0.0099%	8h	1.4990	−0.135%	$10K	$362K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5000	−0.065%	$953K	$6.3M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5011	+0.005%	$285.8M	$261.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.4999	−0.075%	$38.2M	$87.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5002	−0.055%	$600K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5004	−0.040%	$521.3M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5006	−0.029%	$341.6M	$964.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5008	−0.015%	$124.4M	$877.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.4996	−0.095%	$556K	$31K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5000	−0.069%	$143K	$719K	20x
Bulk XRP-USD	+0.0100%	1h	1.5027	+0.111%	$1.6M	$4K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5000	−0.069%	$368.1M	$159.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5001	−0.062%	$277.9M	$919.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5000	−0.070%	$104.7M	$181.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5003	−0.049%	$263.5M	$397.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.4997	−0.089%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.4960	−0.335%	$4.7M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.4951	−0.393%	$649K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5001	−0.064%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.4945	−0.435%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5001	−0.062%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5003	−0.049%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5000	−0.069%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5005	−0.035%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5004	−0.040%	$807K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5004	−0.039%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5010	−0.002%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.4990	−0.137%	$49.0M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.4989	−0.142%	$53.5M	$32.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5012	+0.009%	$468K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5002	−0.053%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5005	−0.032%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0148%	8h	1.4991	−0.128%	$1.6M	$35.8M	2.9x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0150%	1h	1.5012	+0.011%	$7.6M	$25.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0162%	1h	1.4991	−0.128%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5000	−0.069%	$5.5M	$48.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.4994	−0.110%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.4997	−0.087%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.4995	−0.102%	$23.3M	$76.3M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.4999	−0.074%	$515K	$784K	10x	as long as short
Aftermath Perps XRPUSD	+0.0616%	1h	1.5002	−0.053%	$2K	$16K	10x	as long as short