Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.009%
Price spread now: Arcus against Orderly−0.429%7-day average +0.004% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.663%+$66 · spread now −0.429%, 7d avg +0.004%
=Funding pays, the price is against you. Arcus is 0.433% cheaper against Orderly than usual: you would sell low and buy high (spread −0.429% now, against its 7-day average of +0.004%). If the spread goes back, that is −$43 on $10k: about 2 months of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_XRP_USDC | 1.5168 | 0.0080 | pay 0.0080% / 8h | 4h 39m | $62K | $935K | 50x |
| Short | Arcus XRP-USD | 1.5103 | 0.0100 | get 0.0013% / 1h | 39m 34s | $113K | $717K | 20x |
Orderly PERP_XRP_USDC
Arcus XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.23
- Price spread: −0.429% → +0.004%
- −$43.29
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$49.56
- Costs to cover
- 0.105%
- Break-even
- 89.0 days
Slippage unknown: Orderly: no order-book sample; Arcus: live order book, 19 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 19 min ago | 1.32 bp | 5.0 bp −$5 | 10.7 bp −$107 | doesn't fit | doesn't fit |
Orderly: 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 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 | 1.5162 | −0.040% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5162 | −0.042% | $14.3M | $73.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5155 | −0.085% | $1.1M | $114K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5150 | −0.119% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5165 | −0.020% | $253K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.584% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0039% / S +0.0030% | 1h | 1.5168 | −0.003% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5153 | −0.099% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDClong | +0.0080% | 8h | 1.5168 | long leg | $62K | $935K | 50x | |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5170 | +0.013% | $7.7M | $25.6M | 50x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUALShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XRP | +0.0096% | 1h | 1.5165 | −0.023% | $2.8M | $14.6M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5163 | −0.033% | $510K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0097% | 8h | 1.5142 | −0.171% | $10K | $321K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5177 | +0.063% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5172 | +0.026% | $281.7M | $225.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5164 | −0.028% | $38.4M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5160 | −0.056% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5151 | −0.112% | $533.8M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5153 | −0.099% | $344.8M | $931.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5155 | −0.086% | $125.9M | $874.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5175 | +0.046% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USDshort | +0.0100% | 1h | 1.5103 | −0.429% | $113K | $717K | 20x | |
| Bulk XRP-USD | +0.0100% | 1h | 1.5146 | −0.147% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5147 | −0.138% | $369.9M | $153.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5155 | −0.086% | $289.7M | $897.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5152 | −0.104% | $108.0M | $173.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5145 | −0.152% | $267.7M | $384.0M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5147 | −0.138% | — | $126.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5148 | −0.134% | $5.4M | $37.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5151 | −0.111% | $658K | $108.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5180 | +0.079% | $1.1M | $35.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5149 | −0.125% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5171 | +0.021% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5178 | +0.066% | $43K | $452K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5170 | +0.013% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5170 | +0.011% | $816K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5169 | +0.009% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5166 | −0.013% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5159 | −0.062% | $49.6M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5159 | −0.059% | $54.1M | $30.5M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5148 | −0.132% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5140 | −0.187% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5170 | +0.011% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0168% | 1h | 1.5149 | −0.124% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0170% | 1h | 1.5170 | +0.013% | $1.9M | $1.3M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5174 | +0.040% | $5.6M | $47.2M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5171 | +0.020% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5159 | −0.059% | $24.2M | $76.1M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0316% | 8h | 1.5174 | +0.040% | $2.1M | $34.4M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5152 | −0.105% | $516K | $779K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0665% | 1h | 1.5154 | −0.092% | $2K | $15K | 10x | as long as short |
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD