XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.02 per $10,000 · paid last 24h −0.051%

Price spread now: gTrade (Gains Network) against Kraken Futures−0.010%7-day average −0.008% · 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−$287as in the Price arb table

costs, in and out, $10k−$2872.873% of the position

Long on Kraken Futures Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.143%−$14 on $10k

Price spread, last 4 days (all we have)+0.190%+$19 · spread now −0.010%, 7d avg −0.008%

Together, before fees+0.047%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5143	0.0022	pay 0.0003% / 1h	3m 40s	$14.3M	$74.7M	50x
Short	gTrade (Gains Network) XRP/USD	1.5142	L +0.0003% / S −0.0004%	get 0.0001% / 1h	3m 40s	$258K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.010%Rate

Funding earned: −$3.63
Price spread: −0.010% → −0.008%: −$0.14
Slippage, 4 orders: −$267.34
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$291.11
Costs to cover: 2.873%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 50 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	7.3 bp −$7	11.3 bp −$113	20.6 bp −$2,057	45.7 bp −$22.9K
Sell gTrade (Gains Network) virtual book (oracle venue), 50 min ago	130.04 bp	135.0 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	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	1.5147	+0.027%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5114	−0.191%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5142	−0.010%	$258K	—	150x
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5147	+0.027%	$7.7M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0022%	1h	1.5143	long leg	$14.3M	$74.7M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.754%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5142	−0.008%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5113	−0.196%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5137	−0.039%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5144	+0.007%	$10K	$355K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5151	+0.056%	$979K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5110	−0.218%	$38.9M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5114	−0.193%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5109	−0.224%	$531.3M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5110	−0.218%	$342.9M	$948.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5112	−0.205%	$125.0M	$884.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5150	+0.046%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5119	−0.158%	$137K	$722K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	−0.030%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5111	−0.211%	$372.7M	$158.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5109	−0.224%	$293.3M	$910.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5111	−0.210%	$108.9M	$178.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5110	−0.218%	$268.2M	$391.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5111	−0.211%	—	$128.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5147	+0.026%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.195%	$656K	$111.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5150	+0.046%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5138	−0.033%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5156	+0.086%	$49K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5143	+0.002%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5141	−0.013%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5142	−0.005%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5158	+0.097%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5143	0.000%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5152	+0.057%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5146	+0.020%	$53.9M	$31.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5111	−0.209%	$471K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5152	+0.060%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5105	−0.249%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5140	−0.020%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5153	+0.066%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5148	+0.033%	$5.7M	$48.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0184%	8h	1.5156	+0.086%	$1.8M	$35.4M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5148	+0.033%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5154	+0.073%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0234%	1h	1.5157	+0.093%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5150	+0.048%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5114	−0.189%	$515K	$777K	10x	as long as short
Hyperliquid XRP	+0.0363%	1h	1.5150	+0.046%	$290.6M	$255.9M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5150	+0.046%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0630%	1h	1.5149	+0.039%	$2K	$15K	10x	as long as short