XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0083%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h −0.021%

Price spread now: Extended against Kraken Futures−0.011%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.011%, 7d avg −0.033%

Together, before fees+0.124%+ Points / potential airdropExtended: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.023% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5206	0.0021	pay 0.0003% / 1h	43m 50s	$14.4M	$74.2M	50x
Short	Extended XRP-USD	1.5204	0.0104	get 0.0013% / 1h	43m 50s	$2.0M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.011%Rate

Funding earned: $17.33
Price spread: −0.011% → −0.033%: $2.25
Slippage, 4 orders: −$10.38
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$5.8
Costs to cover: 0.254%
Break-even: 9.3 days

Slippage from Kraken Futures: live order book, 5 min ago; Extended: live order book, 5 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	0.33 bp	9.5 bp −$10	10.5 bp −$105	22.1 bp −$2,212	42.6 bp −$21.3K
Sell Extended live order book, 5 min ago	0.33 bp	2.9 bp −$3	3.9 bp −$39	doesn't fit	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	−0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5195	−0.073%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5201	−0.031%	$262K	—	150x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0021%	1h	1.5206	long leg	$14.4M	$74.2M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.328%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0014%	1h	1.5202	−0.028%	$780K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5209	+0.020%	$7.8M	$25.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5210	+0.026%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5211	+0.033%	$499K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5200	−0.039%	$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	1.5202	−0.026%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5202	−0.023%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5212	+0.040%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5200	−0.037%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5207	+0.008%	$534.7M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5208	+0.014%	$346.8M	$941.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5210	+0.027%	$127.2M	$887.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	−0.085%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5209	+0.020%	$118K	$702K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.164%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5209	+0.020%	$371.5M	$154.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5206	0.000%	$293.4M	$899.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5211	+0.033%	$109.1M	$176.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5206	0.000%	$269.3M	$388.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5207	+0.007%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5202	−0.027%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5212	+0.041%	$661K	$109.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	+0.014%	$1.1M	$36.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5213	+0.046%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5204	−0.010%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5204	−0.013%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5204	−0.011%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5205	−0.008%	$818K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5202	−0.024%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5206	0.000%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5201	−0.030%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5203	−0.019%	$54.2M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5200	−0.036%	$474K	$55K	50x	as long as short
Extended XRP-USDshort	+0.0104%	1h	1.5204	−0.011%	$2.0M	$6.8M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5202	−0.025%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5210	+0.027%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5212	+0.040%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5200	−0.038%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5206	0.000%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5202	−0.025%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0288%	8h	1.5207	+0.007%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0295%	1h	1.5220	+0.093%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0313%	1h	1.5225	+0.125%	$293.0M	$234.7M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5209	+0.019%	$518K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	+0.093%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0661%	1h	1.5212	+0.037%	$2K	$15K	10x	as long as short