XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0270%/8h= −29.6% APRnext payment −$0.34 per $10,000 · paid last 24h +0.015%

Price spread now: Kraken Futures against Arcus+0.142%7-day average +0.001% · 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−$17as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Arcus Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.665%−$67 · spread now +0.142%, 7d avg +0.001%

Together, before fees−0.603%−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.141% dearer against Arcus than usual: you sell high and buy low (spread +0.142% now, against its 7-day average of +0.001%): +$14 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 42 hours. Mind the row above: over the last 4 days funding on this pair paid +0.063%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.063% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5295	0.0100	pay 0.0013% / 1h	20m 57s	$144K	$703K	20x
Short	Kraken Futures PF_XRPUSD	1.5317	−0.0170	pay 0.0021% / 1h	20m 57s	$14.8M	$74.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.142%Rate

Funding earned: −$56.74
Price spread: +0.142% → +0.001%: $14.1
Slippage, 4 orders: −$16.14
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$73.28
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Arcus: live order book, 13 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 Arcus live order book, 13 min ago	0.66 bp	3.5 bp −$4	5.3 bp −$53	28.3 bp −$2,832	doesn't fit
Sell Kraken Futures live order book, 3 min ago	3.94 bp	9.3 bp −$9	10.2 bp −$102	19.6 bp −$1,959	39.8 bp −$19.9K

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
Kraken Futures PF_XRPUSDshort	−0.0170%	1h	1.5317	+0.142%	$14.8M	$74.0M	50x
Hotstuff XRP-PERP	−0.0080%	1h	1.5286	−0.059%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	−0.686%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5287	−0.052%	$248K	—	150x	as long as short
dYdX XRP-USD	+0.0008%	1h	1.5286	−0.061%	$1.1M	$160K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5320	+0.163%	$7.8M	$23.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.733%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5285	−0.065%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5283	−0.080%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5316	+0.137%	$2.8M	$14.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5319	+0.157%	$623K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5284	−0.072%	$20K	$380K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5286	−0.058%	$1.0M	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5307	+0.080%	$38.7M	$84.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5287	−0.052%	$615K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5302	+0.048%	$533.4M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5298	+0.020%	$357.2M	$921.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5296	+0.007%	$127.0M	$845.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	−0.667%	$561K	$40K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5295	long leg	$144K	$703K	20x
Bulk XRP-USD	+0.0100%	1h	1.5141	−1.004%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5314	+0.124%	$375.2M	$155.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5316	+0.137%	$317.6M	$923.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5314	+0.123%	$107.8M	$181.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5293	−0.013%	$270.4M	$373.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5313	+0.118%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5155	−0.918%	$4.8M	$38.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5245	−0.325%	$662K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5273	−0.142%	$1.1M	$32.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5249	−0.301%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5296	+0.006%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5292	−0.020%	$52K	$509K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5304	+0.060%	$41K	$67K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5311	+0.105%	$78K	$647K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	−0.951%	$815K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5320	+0.167%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5315	+0.131%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5316	+0.137%	$50.0M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5312	+0.111%	$54.4M	$33.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5289	−0.036%	$477K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5311	+0.103%	$2.1M	$6.4M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5313	+0.117%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0131% / S −0.0092%	1h	1.5312	+0.109%	$782K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5312	+0.111%	$5.4M	$47.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0169%	8h	1.5297	+0.013%	$1.7M	$33.1M	2.9x	as long as short
Hyperliquid XRP	+0.0180%	1h	1.5327	+0.209%	$293.3M	$264.0M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0207%	1h	1.5329	+0.222%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5313	+0.118%	$24.0M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5292	−0.017%	$1.4M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5278	−0.112%	$523K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0533%	1h	1.5220	−0.492%	$3K	$16K	10x	as long as short