XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%

Price spread now: Bybit against BloFin−0.152%82s7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.296% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.184%−$18 on $10k

Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.152%, 7d avg −0.010%

Together, before fees+0.045%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.142% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.010%). Swap the legs. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XRP-USDT	1.5136	0.0220	pay 0.0220% / 8h	1h 45m	$23.5M	$77.8M	125x
Short	Bybit XRPUSDT	1.5113	0.0100	get 0.0100% / 8h	1h 45m	$344.0M	$967.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$25.2
Price spread: −0.152% → −0.010%: −$14.17
Slippage, 4 orders: −$6.55
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$68.92
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Bybit: 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 BloFin live order book, 3 min ago	2.64 bp	8.6 bp −$9	8.8 bp −$88	12.8 bp −$1,284	24.8 bp −$12.4K
Sell Bybit live order book, 3 min ago	0.33 bp	5.8 bp −$6	6.6 bp −$66	12.0 bp −$1,197	24.7 bp −$12.3K

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	1.5146	+0.066%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5127	−0.060%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.225%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5123	−0.087%	$245K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0025%	1h	1.5123	−0.088%	$14.4M	$75.3M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.801%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5125	−0.073%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0080% / S −0.0027%	1h	1.5122	−0.092%	$797K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5128	−0.053%	$7.7M	$25.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5116	−0.132%	$2.8M	$15.1M	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	1.5122	−0.092%	$545K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5118	−0.119%	$12K	$367K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5130	−0.043%	$991K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5121	−0.099%	$38.4M	$87.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5134	−0.015%	$605K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5121	−0.102%	$527.5M	$2.23B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5113	−0.152%	$344.0M	$967.8M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5115	−0.139%	$126.9M	$889.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5146	+0.066%	$563K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5130	−0.040%	$143K	$718K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5129	−0.047%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5121	−0.099%	$372.3M	$159.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5124	−0.079%	$297.8M	$919.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5124	−0.077%	$107.2M	$182.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5114	−0.145%	$266.5M	$400.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5122	−0.092%	—	$106.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5130	−0.040%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5150	+0.095%	$658K	$114.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5141	+0.032%	$1.1M	$36.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5154	+0.119%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	−0.039%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5125	−0.073%	$47K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5126	−0.068%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5122	−0.092%	$65K	$929K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5124	−0.078%	$814K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5127	−0.063%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5124	−0.079%	$31K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5126	−0.064%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5121	−0.099%	$54.0M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5137	+0.008%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5121	−0.099%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5122	−0.096%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0152%	1h	1.5127	−0.059%	$288.4M	$264.3M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0155%	1h	1.5133	−0.020%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5138	+0.015%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5128	−0.053%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5120	−0.104%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDTlong	+0.0220%	8h	1.5136	long leg	$23.5M	$77.8M	125x
Kalshi KXXRPPERP	+0.0221%	8h	1.5136	0.000%	$1.7M	$35.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5127	−0.058%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0552%	1h	1.5143	+0.045%	$2K	$16K	10x	as long as short