XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.046%

Price spread now: Deribit against Kraken Futures+0.020%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Kraken Futures Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.020%, 7d avg +0.019%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5201	0.0021	pay 0.0003% / 1h	42m 49s	$14.4M	$74.2M	50x
Short	Deribit XRP_USDC-PERPETUAL	1.5204	0.0013	get 0.0002% / 1h	42m 49s	$7.8M	$25.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$1.78
Price spread: +0.020% → +0.019%: $0.05
Slippage, 4 orders: −$12.78
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$31.51
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Deribit: live order book, 1 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, 1 min ago	2.30 bp	9.8 bp −$10	11.6 bp −$116	19.0 bp −$1,903	36.8 bp −$18.4K
Sell Deribit live order book, 1 min ago	0.33 bp	4.4 bp −$4	6.4 bp −$64	40.4 bp −$4,038	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	1.5204	+0.020%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5203	+0.014%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5198	−0.020%	$262K	—	150x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0013%	1h	1.5204	+0.020%	$7.8M	$25.6M	50x
Kraken Futures PF_XRPUSDlong	+0.0021%	1h	1.5201	long leg	$14.4M	$74.2M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.362%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0014%	1h	1.5200	−0.006%	$780K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5207	+0.041%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5208	+0.046%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5206	+0.033%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0099%	8h	1.5197	−0.026%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5208	+0.049%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5195	−0.039%	$38.3M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5208	+0.046%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5185	−0.105%	$533.5M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5188	−0.086%	$346.1M	$941.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5188	−0.086%	$127.2M	$887.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	−0.053%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5210	+0.059%	$118K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.014%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5185	−0.105%	$371.0M	$154.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5188	−0.086%	$292.8M	$899.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5192	−0.062%	$109.0M	$176.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5180	−0.138%	$268.8M	$388.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5187	−0.092%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5202	+0.005%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5212	+0.074%	$661K	$109.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	0.000%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	−0.013%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5208	+0.044%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5210	+0.059%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5204	+0.022%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5204	+0.017%	$818K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5211	+0.068%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5203	+0.013%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5201	+0.002%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5203	+0.013%	$54.2M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5207	+0.038%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5186	−0.097%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5200	−0.008%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5209	+0.053%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5209	+0.053%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5207	+0.041%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5206	+0.033%	$24.1M	$76.1M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5206	+0.032%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0296%	8h	1.5210	+0.059%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0296%	1h	1.5215	+0.092%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0312%	1h	1.5201	−0.002%	$292.8M	$234.9M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5209	+0.056%	$518K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5210	+0.059%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0664%	1h	1.5212	+0.075%	$2K	$15K	10x	as long as short