XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%

Price spread now: Bulk against Coinbase International+0.093%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−$13as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Coinbase International Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.093%, 7d avg +0.001%

Together, before fees+0.015%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bulk is 0.092% dearer against Coinbase International than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.001%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 4 days (−0.046% in total) that is about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5160	0.0192	pay 0.0024% / 1h	18m 35s	$5.6M	$47.0M	50x
Short	Bulk XRP-USD	1.5174	0.0100	get 0.0013% / 1h	18m 35s	$1.6M	$49K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Coinbase International. 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 Coinbase InternationalbpFee BulkbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$19.32
Price spread: +0.093% → +0.001%: $9.15
Slippage, 4 orders: −$5.3
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$32.47
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; Bulk: 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 Coinbase International live order book, 6 min ago	0.33 bp	8.4 bp −$8	10.9 bp −$109	24.5 bp −$2,450	doesn't fit
Sell Bulk live order book, 1 min ago	0.33 bp	3.8 bp −$4	5.8 bp −$58	13.1 bp −$1,314	26.7 bp −$13.3K

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	1.5136	−0.158%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5151	−0.060%	$14.3M	$73.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5139	−0.140%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	+0.198%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5157	−0.020%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5154	−0.038%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.639%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0044% / S +0.0024%	1h	1.5155	−0.036%	$790K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0087%	8h	1.5155	−0.033%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5137	−0.154%	$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	1.5137	−0.152%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5135	−0.165%	$11K	$326K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5160	+0.003%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5147	−0.086%	$280.2M	$227.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5135	−0.165%	$38.3M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5136	−0.156%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5136	−0.158%	$534.2M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5133	−0.178%	$346.9M	$934.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5138	−0.145%	$125.9M	$873.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5176	+0.106%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5142	−0.119%	$110K	$713K	20x	as long as short
Bulk XRP-USDshort	+0.0100%	1h	1.5174	+0.093%	$1.6M	$49K	20x
Gate XRP_USDT	+0.0100%	8h	1.5137	−0.152%	$369.0M	$154.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5133	−0.178%	$289.8M	$901.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5135	−0.167%	$108.0M	$174.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5137	−0.152%	$267.9M	$384.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5132	−0.185%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	+0.044%	$5.1M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5172	+0.079%	$659K	$108.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5174	+0.093%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5169	+0.059%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5160	0.000%	$44K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5158	−0.013%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5156	−0.028%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5171	+0.075%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5154	−0.040%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5153	−0.046%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5152	−0.053%	$54.0M	$30.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5138	−0.145%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5163	+0.021%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5133	−0.175%	$2.0M	$6.8M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5140	−0.132%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5153	−0.046%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0181%	1h	1.5160	0.000%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0192%	1h	1.5160	long leg	$5.6M	$47.0M	50x
Hibachi XRP/USDT-P	+0.0200%	1h	1.5169	+0.060%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5155	−0.033%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5155	−0.033%	$24.2M	$76.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5166	+0.040%	$2.1M	$34.5M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5139	−0.140%	$515K	$775K	10x	as long as short
Aftermath Perps XRPUSD	+0.0660%	1h	1.5171	+0.073%	$2K	$15K	10x	as long as short