XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0162%/8h= −17.7% APRnext payment −$0.20 per $10,000 · paid last 24h −0.053%

Price spread now: Deribit against Coinbase International0.000%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now 0.000%, 7d avg −0.004%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5176	0.0176	pay 0.0022% / 1h	11m 42s	$5.6M	$48.0M	50x
Short	Deribit XRP_USDC-PERPETUAL	1.5176	0.0014	get 0.0002% / 1h	11m 42s	$7.7M	$24.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$34.02
Price spread: 0.000% → −0.004%: $0.42
Slippage, 4 orders: −$8.98
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$59.59
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Deribit: live order book, 2 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, 2 min ago	0.33 bp	7.5 bp −$7	9.6 bp −$96	24.8 bp −$2,476	doesn't fit
Sell Deribit live order book, 2 min ago	0.33 bp	4.9 bp −$5	7.3 bp −$73	45.8 bp −$4,583	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	1.5178	+0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5168	−0.056%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5174	−0.014%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0014%	1h	1.5176	0.000%	$7.7M	$24.2M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.530%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5170	−0.041%	$14.5M	$73.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5164	−0.079%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5166	−0.066%	$604K	$3.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0096%	1h	1.5165	−0.075%	$17K	$78K	7x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5175	−0.007%	$20K	$384K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5173	−0.016%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5165	−0.074%	$38.5M	$86.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5178	+0.011%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5161	−0.099%	$528.9M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5162	−0.092%	$349.5M	$950.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5163	−0.086%	$127.2M	$862.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	−0.026%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5181	+0.033%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5178	+0.014%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5163	−0.086%	$377.5M	$162.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5166	−0.066%	$311.6M	$928.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5165	−0.074%	$106.6M	$183.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5163	−0.086%	$268.8M	$388.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5166	−0.066%	—	$107.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5148	−0.184%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5151	−0.164%	$658K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5160	−0.104%	$1.1M	$34.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5156	−0.132%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5181	+0.036%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5180	+0.026%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5178	+0.013%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5176	0.000%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5175	−0.007%	$816K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5183	+0.049%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5170	−0.040%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5176	−0.001%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5171	−0.033%	$54.1M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5181	+0.033%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5161	−0.101%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5181	+0.033%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5172	−0.029%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0108% / S −0.0071%	1h	1.5174	−0.011%	$774K	—	200x	as long as short
Hyperliquid XRP	+0.0140%	1h	1.5178	+0.012%	$289.7M	$268.3M	20x	as long as short
Kalshi KXXRPPERP	+0.0168%	8h	1.5181	+0.033%	$1.8M	$33.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0176%	1h	1.5177	+0.007%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0176%	1h	1.5176	long leg	$5.6M	$48.0M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5177	+0.007%	$23.6M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5175	−0.009%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5180	+0.027%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	+0.026%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0583%	1h	1.5168	−0.054%	$2K	$16K	10x	as long as short