XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.027%

Price spread now: Arcus against Deribit−0.085%7-day average −0.028% · 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−$25as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.028%+$3 on $10k

Price spread, last 3 days (all we have)+0.115%+$12 · spread now −0.085%, 7d avg −0.028%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.057% cheaper against Deribit than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.028%). If the spread goes back, that is −$6 on $10k: about 7.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5365	0.0076	pay 0.0010% / 1h	26m 17s	$9.3M	$25.1M	50x
Short	Arcus XRP-USD	1.5352	0.0100	get 0.0013% / 1h	26m 17s	$118K	$711K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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 DeribitbpFee ArcusbpOrdersPrice spread, now −0.085%Rate

Funding earned: $5.04
Price spread: −0.085% → −0.028%: −$5.71
Slippage, 4 orders: −$8.28
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.45
Costs to cover: 0.198%
Break-even: 35.4 days

Slippage from Deribit: live order book, 3 min ago; Arcus: live order book, 48 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 Deribit live order book, 3 min ago	0.98 bp	5.0 bp −$5	7.0 bp −$70	38.8 bp −$3,884	doesn't fit
Sell Arcus live order book, 48 min ago	1.30 bp	4.6 bp −$5	7.6 bp −$76	26.5 bp −$2,646	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	1.5335	−0.195%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5347	−0.117%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5352	−0.085%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0015% / S +0.0078%	1h	1.5351	−0.088%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.269%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5360	−0.033%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0076%	1h	1.5365	long leg	$9.3M	$25.1M	50x
01 Exchange XRPUSD	+0.0088%	1h	1.5351	−0.091%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5365	+0.003%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5364	−0.007%	$515K	$3.2M	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	1.5348	−0.111%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5360	−0.033%	$479K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5354	−0.074%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5351	−0.091%	$38.8M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5350	−0.100%	$621K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5362	−0.019%	$541.9M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5359	−0.039%	$342.4M	$919.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5359	−0.039%	$125.0M	$868.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.319%	$571K	$42K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5352	−0.085%	$118K	$711K	20x
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.199%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5352	−0.085%	$374.6M	$149.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5358	−0.046%	$312.2M	$904.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5362	−0.022%	$109.0M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5357	−0.052%	$268.7M	$374.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5357	−0.052%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5352	−0.085%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5322	−0.280%	$665K	$107.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	−0.202%	$1.1M	$38.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5331	−0.221%	$1.2M	$996K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5343	−0.140%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5352	−0.085%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5354	−0.072%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5363	−0.014%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5354	−0.072%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5363	−0.013%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5368	+0.019%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5360	−0.033%	$54.6M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5360	−0.032%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5360	−0.030%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5348	−0.109%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5341	−0.156%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5371	+0.039%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5364	−0.010%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0296%	1h	1.5369	+0.026%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5359	−0.039%	$2.0M	$34.7M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5337	−0.181%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0394%	1h	1.5363	−0.013%	$289.7M	$215.2M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5340	−0.163%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0804%	1h	1.5338	−0.175%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5354	−0.070%	$507K	$754K	10x	as long as short