XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.06 per $10,000 · paid last 24h −0.027%

Price spread now: Deribit against SoDEX+0.013%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$180.178% of the position

Long on SoDEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.022%−$2 on $10k

Price spread, last 3 days (all we have)+0.025%+$3 · spread now +0.013%, 7d avg +0.032%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, 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	SoDEX XRP-USD	1.5196	0.0100	pay 0.0013% / 1h	58m 12s	$29K	$1.8M	10x
Short	Deribit XRP_USDC-PERPETUAL	1.5198	0.0145	get 0.0018% / 1h	58m 12s	$9.2M	$24.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SoDEX. 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 SoDEXbpFee DeribitbpOrdersPrice spread, now +0.013%Rate

Funding earned: $9.45
Price spread: +0.013% → +0.032%: −$1.84
Slippage, 4 orders: −$2.82
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$10.21
Costs to cover: 0.178%
Break-even: 14.6 days

Slippage from SoDEX: 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 SoDEX live order book, 1 min ago	0.33 bp	4.3 bp −$4	7.0 bp −$70	33.5 bp −$3,346	doesn't fit
Sell Deribit live order book, 1 min ago	0.66 bp	4.6 bp −$5	6.7 bp −$67	71.0 bp −$7,103	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	1.5181	−0.099%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5165	−0.201%	$1.1M	$116K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5188	−0.052%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0069%	1h	1.5194	−0.016%	$834K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.395%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5194	−0.015%	$14.2M	$70.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0066%	8h	1.5198	+0.013%	$57K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5214	+0.118%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5200	+0.024%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5201	+0.033%	$507K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5207	+0.072%	$11K	$288K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5186	−0.063%	$473K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5220	+0.158%	$923K	$5.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5213	+0.110%	$38.4M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5177	−0.126%	$616K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5201	+0.032%	$536.0M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5204	+0.053%	$339.2M	$924.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5203	+0.046%	$122.6M	$866.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5190	−0.039%	$567K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5206	+0.066%	$115K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+1.011%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5199	+0.020%	$367.7M	$146.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5199	+0.020%	$296.6M	$886.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5220	+0.157%	$109.3M	$168.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5197	+0.007%	$266.2M	$378.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5193	−0.020%	—	$125.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5216	+0.131%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5260	+0.420%	$663K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5199	+0.022%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.369%	$1.2M	$999K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5213	+0.111%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5215	+0.125%	$44K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5203	+0.048%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5195	−0.004%	$818K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5205	+0.056%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5196	long leg	$29K	$1.8M	10x
HTX XRP-USDT	+0.0100%	8h	1.5202	+0.041%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5196	0.000%	$53.9M	$29.4M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5192	−0.024%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5198	+0.011%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0145%	1h	1.5198	+0.013%	$9.2M	$24.6M	50x
Hyperliquid XRP	+0.0183%	1h	1.5218	+0.145%	$283.4M	$219.9M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5211	+0.100%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5197	+0.007%	$5.7M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	+0.197%	$24.1M	$74.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5221	+0.165%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0324%	8h	1.5201	+0.033%	$2.0M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5206	+0.065%	$537K	$777K	10x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	+0.290%	$68K	$110K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0623%	1h	1.5230	+0.224%	$1.9M	$1.3M	25x	as long as short
Aftermath Perps XRPUSD	+0.0827%	1h	1.5257	+0.403%	$2K	$13K	10x	as long as short