Funding you earn now, next payment 04:00 UTC−0.0423%/8h= −46.3% APRnext payment −$0.53 per $10,000 · paid last 24h −0.098%
Price spread now: Kraken Futures against RISEx−0.109%7-day average −0.042% · 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−$32as in the Price arb table
costs, in and out, $10k−$250.251% of the position
Funding, last 4 days (all we have)−0.255%−$26 on $10k
+Price spread, last 4 days (all we have)−0.232%−$23 · spread now −0.109%, 7d avg −0.042%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Kraken Futures is 0.067% cheaper against RISEx than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx XRP/USDC | 1.5151 | 0.0352 | pay 0.0044% / 1h | 11m 15s | $516K | $773K | 10x |
| Short | Kraken Futures PF_XRPUSD | 1.5134 | −0.0071 | pay 0.0009% / 1h | 11m 15s | $14.3M | $73.8M | 50x |
RISEx XRP/USDC
Kraken Futures PF_XRPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against RISEx. 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
- −$88.8
- Price spread: −0.109% → −0.042%
- −$6.72
- Slippage, 4 orders
- −$9.06
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$120.58
- Costs to cover
- 0.251%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 47 min ago; Kraken Futures: live order book, 3 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 RISEx live order book, 47 min ago | 1.42 bp | 4.4 bp −$4 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 2.31 bp | 8.9 bp −$9 | 11.6 bp −$116 | 20.5 bp −$2,051 | 46.9 bp −$23.5K |
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 | 1.5148 | −0.020% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSDshort | −0.0071% | 1h | 1.5134 | −0.109% | $14.3M | $73.8M | 50x | |
| dYdX XRP-USD | 0.0000% | 1h | 1.5145 | −0.042% | $1.1M | $111K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5150 | −0.006% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5140 | −0.073% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5139 | −0.079% | $7.7M | $25.5M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.700% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0045% / S +0.0022% | 1h | 1.5140 | −0.069% | $789K | — | 200x | as long as short |
| Orderly PERP_XRP_USDC | +0.0090% | 8h | 1.5139 | −0.079% | $62K | $934K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5148 | −0.018% | $2.8M | $14.6M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
Orderly PERP_XRP_USDC
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5151 | 0.000% | $498K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0098% | 8h | 1.5143 | −0.053% | $11K | $329K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5143 | −0.049% | $1.1M | $6.0M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5152 | +0.007% | $280.4M | $227.1M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5142 | −0.056% | $38.3M | $83.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5148 | −0.023% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5143 | −0.056% | $533.6M | $2.12B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5140 | −0.072% | $346.7M | $935.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5140 | −0.072% | $126.5M | $874.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5142 | −0.059% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5150 | −0.006% | $110K | $712K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5130 | −0.135% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5144 | −0.046% | $369.2M | $154.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5143 | −0.053% | $294.4M | $902.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5145 | −0.041% | $107.8M | $175.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5136 | −0.099% | $267.9M | $384.7M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5139 | −0.079% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5137 | −0.093% | $5.2M | $37.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5141 | −0.065% | $658K | $108.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5137 | −0.095% | $1.1M | $36.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5155 | +0.027% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5143 | −0.056% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5146 | −0.033% | $44K | $454K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5144 | −0.046% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5139 | −0.080% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5144 | −0.043% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5138 | −0.086% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5137 | −0.093% | $49.5M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5138 | −0.086% | $53.9M | $30.9M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5142 | −0.059% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5135 | −0.104% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5136 | −0.098% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0112% | 1h | 1.5149 | −0.013% | $8K | $8K | 10x | as long as short |
| Backpack XRP_USDC_PERP | +0.0186% | 1h | 1.5158 | +0.046% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5142 | −0.059% | $5.6M | $47.0M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0208% | 1h | 1.5144 | −0.048% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5139 | −0.078% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5137 | −0.092% | $24.2M | $76.0M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0314% | 8h | 1.5144 | −0.046% | $2.1M | $34.7M | 2.9x | as long as short |
| RISEx XRP/USDClong | +0.0352% | 1h | 1.5151 | long leg | $516K | $773K | 10x | |
| Aftermath Perps XRPUSD | +0.0681% | 1h | 1.5150 | −0.008% | $2K | $15K | 10x | as long as short |
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
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
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
01 Exchange XRPUSD
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
Aftermath Perps XRPUSD