Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Orderly against Bulk+0.014%45s7-day average −0.035% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.014%, 7d avg −0.035%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.049% dearer against Bulk than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.035%. The two prices were read 45 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 | Bulk XRP-USD | 1.5129 | 0.0100 | pay 0.0013% / 1h | 50m 29s | $1.6M | $5K | 20x |
| Short | Orderly PERP_XRP_USDC | 1.5131 | 0.0100 | get 0.0100% / 8h | 1h 50m | $62K | $932K | 50x |
Bulk XRP-USD
Orderly PERP_XRP_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Bulk. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.014% → −0.035%
- $4.88
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$8.12
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Bulk: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.
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, 4 min ago | 0.33 bp | 3.8 bp −$4 | 4.3 bp −$43 | 7.6 bp −$760 | 19.0 bp −$9,495 |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.5125 | −0.026% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5141 | +0.083% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5140 | +0.073% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5163 | +0.227% | $245K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0025% | 1h | 1.5134 | +0.031% | $14.4M | $75.3M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.850% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5154 | +0.166% | $8K | $8K | 10x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0078% / S −0.0025% | 1h | 1.5162 | +0.220% | $799K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5136 | +0.047% | $7.7M | $25.1M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5146 | +0.114% | $2.8M | $15.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
01 Exchange XRPUSD
GMX XRP/USD [ETH-USDC]
Deribit XRP_USDC-PERPETUAL
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5147 | +0.120% | $546K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5146 | +0.113% | $12K | $367K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5122 | −0.046% | $994K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5151 | +0.146% | $38.5M | $87.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5148 | +0.128% | $603K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5156 | +0.179% | $528.7M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5154 | +0.166% | $344.6M | $967.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5157 | +0.186% | $127.2M | $891.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5129 | +0.001% | $563K | $32K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5156 | +0.179% | $143K | $718K | 20x | as long as short |
| Bulk XRP-USDlong | +0.0100% | 1h | 1.5129 | long leg | $1.6M | $5K | 20x | |
| Gate XRP_USDT | +0.0100% | 8h | 1.5150 | +0.140% | $372.5M | $158.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5159 | +0.199% | $298.4M | $918.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5165 | +0.240% | $107.4M | $182.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5155 | +0.173% | $266.7M | $399.8M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5160 | +0.206% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5130 | +0.007% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5141 | +0.082% | $658K | $114.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5155 | +0.173% | $1.1M | $36.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5146 | +0.113% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5151 | +0.148% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5160 | +0.206% | $46K | $491K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5164 | +0.229% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDCshort | +0.0100% | 8h | 1.5131 | +0.014% | $62K | $932K | 50x | |
| Derive XRP-PERP | +0.0100% | 1h | 1.5132 | +0.017% | $814K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5134 | +0.034% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5133 | +0.027% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5151 | +0.146% | $49.5M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5132 | +0.021% | $54.0M | $32.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5156 | +0.180% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5145 | +0.109% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5131 | +0.011% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0145% | 1h | 1.5147 | +0.120% | $2.0M | $1.4M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0168% | 1h | 1.5125 | −0.028% | $17K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5137 | +0.054% | $5.7M | $48.2M | 50x | as long as short |
| Hyperliquid XRP | +0.0176% | 1h | 1.5167 | +0.255% | $289.3M | $264.1M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5155 | +0.175% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5137 | +0.054% | $23.5M | $77.7M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0220% | 8h | 1.5132 | +0.021% | $1.8M | $35.4M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5154 | +0.169% | $522K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0556% | 1h | 1.5147 | +0.122% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Hyperliquid XRP
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD