XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0146%/8h= +15.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.016%

Price spread now: Kraken Futures against Bulk−0.891%7-day average −0.011% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on Bulk Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.065%+$6 on $10k

Price spread, last 3 days (all we have)+0.923%+$92 · spread now −0.891%, 7d avg −0.011%

Together, before fees+0.988%+$99 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.880% cheaper against Bulk than usual: you would sell low and buy high (spread −0.891% now, against its 7-day average of −0.011%). If the spread goes back, that is −$88 on $10k: about 20 days of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.065% in total) that is about 47 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5350	0.0100	pay 0.0013% / 1h	0m 50s	$1.7M	$327K	20x
Short	Kraken Futures PF_XRPUSD	1.5213	0.0246	get 0.0031% / 1h	0m 50s	$14.3M	$70.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.891%Rate

Funding earned: $30.56
Price spread: −0.891% → −0.011%: −$87.96
Slippage, 4 orders: −$14.54
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$88.94
Costs to cover: 0.315%
Break-even: 27.4 days

Slippage from Bulk: live order book, 3 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 Bulk live order book, 3 min ago	0.33 bp	4.1 bp −$4	5.0 bp −$50	14.3 bp −$1,427	33.1 bp −$16.6K
Sell Kraken Futures live order book, 3 min ago	3.60 bp	11.8 bp −$12	12.8 bp −$128	24.2 bp −$2,423	91.7 bp −$45.9K

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
Hotstuff XRP-PERP	−0.0080%	1h	1.5246	−0.675%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5244	−0.688%	$1.1M	$116K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5215	−0.877%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5216	−0.871%	$9.2M	$24.6M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0070%	1h	1.5213	−0.892%	$834K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.370%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5217	−0.864%	$57K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5234	−0.753%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5215	−0.876%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5219	−0.851%	$508K	$3.3M	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	1.5227	−0.799%	$9K	$282K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5241	−0.709%	$475K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5221	−0.837%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5203	−0.954%	$38.4M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5251	−0.645%	$627K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5201	−0.966%	$536.0M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5201	−0.968%	$339.0M	$922.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5203	−0.955%	$122.3M	$863.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5215	−0.877%	$567K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5240	−0.714%	$115K	$714K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5350	long leg	$1.7M	$327K	20x
Gate XRP_USDT	+0.0100%	8h	1.5200	−0.975%	$366.8M	$154.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5200	−0.975%	$298.1M	$919.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5198	−0.991%	$110.1M	$167.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5194	−1.014%	$266.4M	$377.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5196	−1.001%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5216	−0.872%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5260	−0.586%	$663K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5328	−0.142%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	−0.636%	$1.2M	$999K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5229	−0.786%	$45K	$448K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5218	−0.856%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5219	−0.853%	$819K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5221	−0.836%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5215	−0.877%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5210	−0.911%	$49.9M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5214	−0.884%	$54.0M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5230	−0.781%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5191	−1.035%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5213	−0.889%	$58K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5216	−0.870%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5210	−0.910%	$24.1M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5220	−0.845%	$5.7M	$46.3M	50x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0246%	1h	1.5213	−0.891%	$14.3M	$70.4M	50x
Backpack XRP_USDC_PERP	+0.0303%	1h	1.5218	−0.858%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5252	−0.638%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0322%	8h	1.5236	−0.740%	$2.0M	$34.8M	2.9x	as long as short
Hyperliquid XRP	+0.0355%	1h	1.5219	−0.851%	$286.0M	$216.3M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	−0.714%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5236	−0.740%	$539K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0853%	1h	1.5298	−0.337%	$2K	$13K	10x	as long as short