XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.03 per $10,000 · paid last 24h −0.029%

Price spread now: Deribit against Bulk+0.417%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−$250.247% of the position

Long on Bulk Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 3 days (all we have)−0.578%−$58 · spread now +0.417%, 7d avg −0.001%

Together, before fees−0.606%−$61 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.418% dearer against Bulk than usual: you sell high and buy low (spread +0.417% now, against its 7-day average of −0.001%): +$42 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 50 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5455	0.0100	pay 0.0013% / 1h	58m 35s	$1.7M	$470K	20x
Short	Deribit XRP_USDC-PERPETUAL	1.5519	0.0072	get 0.0009% / 1h	58m 35s	$9.5M	$24.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bulk. 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 BulkbpFee DeribitbpOrdersPrice spread, now +0.417%Rate

Funding earned: −$5.88
Price spread: +0.417% → −0.001%: $41.78
Slippage, 4 orders: −$10.73
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $11.17
Costs to cover: 0.247%
Break-even: from the start

Slippage from Bulk: 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 Bulk live order book, 1 min ago	0.64 bp	4.1 bp −$4	5.4 bp −$54	15.9 bp −$1,592	37.4 bp −$18.7K
Sell Deribit live order book, 1 min ago	2.90 bp	8.8 bp −$9	15.7 bp −$157	doesn't fit	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	1.5495	+0.262%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5507	+0.342%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	−0.159%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5520	+0.424%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.065%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5521	+0.428%	$15.8M	$65.4M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0050%	8h	1.5517	+0.404%	$82K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0072%	1h	1.5519	+0.417%	$9.5M	$24.9M	50x
GMX XRP/USD [ETH-USDC]	L +0.0078% / S +0.0158%	1h	1.5519	+0.414%	$915K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5514	+0.388%	$3.0M	$11.5M	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	1.5514	+0.385%	$448K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5517	+0.407%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5511	+0.365%	$39.5M	$73.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5514	+0.386%	$677K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5509	+0.352%	$557.9M	$1.89B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5508	+0.346%	$348.2M	$857.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5508	+0.346%	$126.5M	$857.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5499	+0.288%	$575K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5519	+0.417%	$121K	$702K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5455	long leg	$1.7M	$470K	20x
Gate XRP_USDT	+0.0100%	8h	1.5510	+0.359%	$368.8M	$132.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5514	+0.385%	$284.7M	$810.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5516	+0.401%	$112.8M	$149.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5506	+0.333%	$268.6M	$348.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5510	+0.359%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5465	+0.066%	$6.6M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5461	+0.041%	$671K	$96.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5484	+0.192%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5459	+0.029%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5509	+0.350%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5512	+0.372%	$51K	$435K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5527	+0.470%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5509	+0.350%	$835K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5522	+0.434%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5518	+0.410%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5532	+0.503%	$51.1M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5525	+0.456%	$55.4M	$28.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5511	+0.368%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5513	+0.378%	$11K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5512	+0.372%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5514	+0.386%	$72K	$40K	3x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5507	+0.337%	$1.4M	$9K	15x	as long as short
01 Exchange XRPUSD	+0.0216%	1h	1.5515	+0.391%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5523	+0.443%	$5.7M	$45.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5540	+0.553%	$24.4M	$70.6M	125x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5500	+0.294%	$1.9M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0336%	1h	1.5525	+0.457%	$19K	$67K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0359%	1h	1.5530	+0.488%	$1.8M	$956K	25x	as long as short
Aftermath Perps XRPUSD	+0.0523%	1h	1.5458	+0.021%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5516	+0.398%	$407K	$525K	10x	as long as short
Hyperliquid XRP	+0.0607%	1h	1.5526	+0.459%	$287.6M	$192.2M	20x	as long as short