XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.027%

Price spread now: Deribit against Arcus+0.117%7-day average +0.028% · 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−$11as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on Arcus Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.117%, 7d avg +0.028%

Together, before fees−0.176%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.090% dearer against Arcus than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of +0.028%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5359	0.0100	pay 0.0013% / 1h	25m 19s	$118K	$711K	20x
Short	Deribit XRP_USDC-PERPETUAL	1.5377	0.0075	get 0.0009% / 1h	25m 19s	$9.3M	$25.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Arcus. 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 ArcusbpFee DeribitbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$5.25
Price spread: +0.117% → +0.028%: $8.97
Slippage, 4 orders: −$8.28
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$16.07
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from Arcus: live order book, 49 min ago; Deribit: live order book, 4 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 Arcus live order book, 49 min ago	1.30 bp	5.3 bp −$5	11.6 bp −$116	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	0.98 bp	4.9 bp −$5	6.9 bp −$69	44.9 bp −$4,492	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	1.5359	0.000%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5366	+0.046%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5365	+0.040%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0015% / S +0.0078%	1h	1.5365	+0.039%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.309%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5374	+0.098%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0075%	1h	1.5377	+0.117%	$9.3M	$25.1M	50x
01 Exchange XRPUSD	+0.0088%	1h	1.5356	−0.020%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5372	+0.082%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5376	+0.111%	$516K	$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	1.5353	−0.039%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5361	+0.015%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5361	+0.016%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5358	−0.004%	$38.8M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5365	+0.039%	$622K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5370	+0.072%	$542.1M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5372	+0.085%	$342.9M	$919.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5372	+0.085%	$125.0M	$869.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.280%	$571K	$42K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5359	long leg	$118K	$711K	20x
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.160%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5368	+0.059%	$375.4M	$149.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5364	+0.033%	$314.6M	$905.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5363	+0.029%	$109.1M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5374	+0.098%	$269.0M	$374.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5368	+0.059%	—	$123.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5352	−0.046%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5338	−0.135%	$666K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	−0.161%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5350	−0.059%	$1.2M	$996K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5359	−0.001%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5368	+0.059%	$50K	$442K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5369	+0.064%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5373	+0.094%	$828K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5369	+0.064%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5371	+0.078%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5374	+0.099%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5372	+0.085%	$54.7M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5371	+0.078%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5373	+0.089%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5360	+0.009%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5369	+0.065%	$24.1M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5374	+0.098%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5370	+0.070%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0296%	1h	1.5369	+0.065%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5373	+0.091%	$2.0M	$34.7M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5352	−0.048%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0392%	1h	1.5377	+0.117%	$289.9M	$215.3M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	−0.059%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0804%	1h	1.5343	−0.103%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5361	+0.010%	$515K	$758K	10x	as long as short