Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.024%
Price spread now: Bybit against Deribit−0.033%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.033%, 7d avg −0.025%
=The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.118%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit XRP_USDC-PERPETUAL | 1.5009 | 0 | get 0.0000% / 1h | 30m 34s | $7.6M | $25.7M | 50x |
| Short | Bybit XRPUSDT | 1.5004 | 0.0100 | get 0.0100% / 8h | 2h 30m | $341.1M | $959.8M | 100x |
Deribit XRP_USDC-PERPETUAL
Bybit XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Deribit. 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
- $21
- Price spread: −0.033% → −0.025%
- −$0.79
- Slippage, 4 orders
- −$5.17
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2.96
- Costs to cover
- 0.232%
- Break-even
- 8.0 days
Slippage from Deribit: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 0.33 bp | 5.5 bp −$6 | 7.7 bp −$77 | 46.1 bp −$4,609 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.33 bp | 5.8 bp −$6 | 7.7 bp −$77 | 15.9 bp −$1,595 | 31.5 bp −$15.8K |
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 | 1.5013 | +0.027% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5007 | −0.010% | $14.2M | $75.2M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5012 | +0.020% | $1.1M | $130K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5030 | +0.140% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUALlong | 0.0000% | 1h | 1.5009 | long leg | $7.6M | $25.7M | 50x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5006 | −0.023% | $257K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.671% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.5004 | −0.033% | $786K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0080% | 1h | 1.5009 | 0.000% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5006 | −0.019% | $2.8M | $14.9M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
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 | 1.5008 | −0.007% | $494K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5004 | −0.033% | $12K | $363K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5021 | +0.077% | $914K | $6.3M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5017 | +0.053% | $287.3M | $259.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5003 | −0.040% | $38.3M | $86.9M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5007 | −0.013% | $602K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5008 | −0.007% | $526.1M | $2.20B | 100x | as long as short |
| Bybit XRPUSDTshort | +0.0100% | 8h | 1.5004 | −0.033% | $341.1M | $959.8M | 100x | |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5003 | −0.040% | $124.5M | $888.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5033 | +0.160% | $559K | $31K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5011 | +0.013% | $143K | $723K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5027 | +0.119% | $1.6M | $4K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5006 | −0.020% | $367.7M | $158.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5004 | −0.033% | $288.7M | $913.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5005 | −0.027% | $106.2M | $180.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5002 | −0.047% | $264.6M | $396.8M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5002 | −0.047% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5004 | −0.032% | $4.7M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5013 | +0.028% | $652K | $112.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5026 | +0.114% | $1.1M | $37.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5014 | +0.033% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5016 | +0.050% | — | $13K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5012 | +0.020% | $51K | $493K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5006 | −0.020% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5006 | −0.020% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5004 | −0.033% | $807K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5019 | +0.069% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5007 | −0.013% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5005 | −0.029% | $49.0M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5008 | −0.007% | $53.5M | $31.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5005 | −0.026% | $468K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.4997 | −0.077% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5006 | −0.020% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0133% | 8h | 1.5025 | +0.107% | $1.7M | $35.7M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0167% | 1h | 1.5016 | +0.047% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5012 | +0.020% | $5.6M | $48.2M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0216% | 1h | 1.5026 | +0.111% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5006 | −0.017% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5001 | −0.053% | $23.3M | $75.8M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5009 | −0.002% | $512K | $778K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0604% | 1h | 1.5042 | +0.221% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk 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
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD