XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.03 per $10,000 · paid last 24h +0.029%

Price spread now: Bulk against Deribit−0.415%7-day average +0.001% · 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−$61as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on Deribit Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.027%+$3 on $10k

Price spread, last 3 days (all we have)+0.577%+$58 · spread now −0.415%, 7d avg +0.001%

Together, before fees+0.604%+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.416% cheaper against Deribit than usual: you would sell low and buy high (spread −0.415% now, against its 7-day average of +0.001%). If the spread goes back, that is −$42 on $10k: about 50 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	1.5519	0.0072	pay 0.0009% / 1h	59m 01s	$9.5M	$24.9M	50x
Short	Bulk XRP-USD	1.5455	0.0100	get 0.0013% / 1h	59m 01s	$1.7M	$470K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.415%Rate

Funding earned: $5.88
Price spread: −0.415% → +0.001%: −$41.61
Slippage, 4 orders: −$5.19
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$54.92
Costs to cover: 0.192%
Break-even: 72.4 days

Slippage from Deribit: live order book, 5 min ago; Bulk: live order book, 5 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, 5 min ago	0.32 bp	5.5 bp −$5	7.2 bp −$72	47.3 bp −$4,727	doesn't fit
Sell Bulk live order book, 5 min ago	0.65 bp	4.1 bp −$4	5.8 bp −$58	13.7 bp −$1,367	31.9 bp −$15.9K

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
Nado XRP-PERP	−0.0305%	1h	1.5549	+0.197%	$1.1M	$5.3M	20x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5495	−0.155%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5491	−0.182%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	−0.573%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5520	+0.007%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.476%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5521	+0.011%	$15.8M	$65.4M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0050%	8h	1.5517	−0.013%	$82K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0072%	1h	1.5519	long leg	$9.5M	$24.9M	50x
GMX XRP/USD [ETH-USDC]	L +0.0078% / S +0.0158%	1h	1.5519	−0.003%	$915K	—	200x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5519	+0.001%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5526	+0.045%	$448K	$3.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5526	+0.047%	$39.5M	$73.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5512	−0.044%	$677K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5502	−0.109%	$557.6M	$1.89B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5520	+0.006%	$349.9M	$858.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5519	0.000%	$126.6M	$858.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5499	−0.129%	$575K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5543	+0.155%	$122K	$701K	20x	as long as short
Bulk XRP-USDshort	+0.0100%	1h	1.5455	−0.415%	$1.7M	$470K	20x
Gate XRP_USDT	+0.0100%	8h	1.5522	+0.019%	$369.4M	$132.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5527	+0.052%	$283.7M	$810.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5522	+0.022%	$112.3M	$149.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5509	−0.064%	$268.7M	$348.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5514	−0.032%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5465	−0.349%	$6.6M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5461	−0.375%	$671K	$96.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5484	−0.224%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5459	−0.387%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5525	+0.040%	—	$10K	10x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5527	+0.053%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5509	−0.067%	$835K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5522	+0.017%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5518	−0.006%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5532	+0.086%	$51.1M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5525	+0.039%	$55.4M	$28.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5519	+0.001%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5538	+0.122%	$11K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5515	−0.024%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5514	−0.031%	$72K	$40K	3x	as long as short
Polymarket Perps XRP-USD	+0.0113%	1h	1.5548	+0.187%	$51K	$436K	20x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5542	+0.148%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5523	+0.026%	$5.7M	$45.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5540	+0.135%	$24.4M	$70.6M	125x	as long as short
01 Exchange XRPUSD	+0.0304%	1h	1.5634	+0.741%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5500	−0.122%	$1.9M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5529	+0.063%	$19K	$66K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0359%	1h	1.5530	+0.071%	$1.8M	$956K	25x	as long as short
Aftermath Perps XRPUSD	+0.0523%	1h	1.5458	−0.395%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5548	+0.185%	$409K	$524K	10x	as long as short
Hyperliquid XRP	+0.0608%	1h	1.5528	+0.057%	$287.6M	$192.1M	20x	as long as short