XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h +0.024%

Price spread now: Extended against Deribit−0.089%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.089%, 7d avg −0.050%

Together, before fees+0.058%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.039% cheaper against Deribit than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.050%). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5183	0.0014	pay 0.0002% / 1h	12m 40s	$7.7M	$24.2M	50x
Short	Extended XRP-USD	1.5170	0.0104	get 0.0013% / 1h	12m 40s	$2.1M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.089%Rate

Funding earned: $18.9
Price spread: −0.089% → −0.050%: −$3.87
Slippage, 4 orders: −$3.9
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$0.87
Costs to cover: 0.159%
Break-even: 7.3 days

Slippage from Deribit: live order book, 1 min ago; Extended: 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 Deribit live order book, 1 min ago	0.33 bp	5.2 bp −$5	7.6 bp −$76	41.4 bp −$4,143	doesn't fit
Sell Extended live order book, 1 min ago	0.33 bp	2.8 bp −$3	5.2 bp −$52	doesn't fit	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	1.5157	−0.171%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5178	−0.033%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5178	−0.034%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0014%	1h	1.5183	long leg	$7.7M	$24.2M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.483%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5177	−0.041%	$14.5M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5177	−0.040%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5179	−0.026%	$604K	$3.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0096%	1h	1.5165	−0.121%	$17K	$78K	7x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5175	−0.053%	$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	1.5170	−0.083%	$998K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5179	−0.029%	$38.5M	$86.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5178	−0.036%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5177	−0.040%	$529.4M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5173	−0.066%	$349.8M	$950.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5174	−0.059%	$127.3M	$862.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	−0.072%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5181	−0.013%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5178	−0.033%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5174	−0.059%	$377.8M	$162.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5178	−0.033%	$311.8M	$928.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5176	−0.047%	$106.7M	$183.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5175	−0.053%	$268.9M	$388.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5170	−0.086%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5148	−0.230%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5151	−0.210%	$658K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5160	−0.150%	$1.1M	$34.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5156	−0.178%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5180	−0.022%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5181	−0.013%	$52K	$515K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5180	−0.020%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5180	−0.020%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5178	−0.033%	$816K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5185	+0.010%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5178	−0.033%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5180	−0.020%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5173	−0.066%	$54.1M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5181	−0.013%	$473K	$55K	50x	as long as short
Extended XRP-USDshort	+0.0104%	1h	1.5170	−0.089%	$2.1M	$6.9M	50x
01 Exchange XRPUSD	+0.0104%	1h	1.5184	+0.007%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5177	−0.040%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0107% / S −0.0070%	1h	1.5151	−0.209%	$773K	—	200x	as long as short
Hyperliquid XRP	+0.0141%	1h	1.5190	+0.046%	$290.1M	$268.2M	20x	as long as short
Kalshi KXXRPPERP	+0.0168%	8h	1.5180	−0.020%	$1.8M	$33.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0174%	1h	1.5184	+0.007%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5184	+0.007%	$5.6M	$48.0M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5177	−0.040%	$23.6M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5176	−0.048%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5180	−0.019%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−0.020%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0591%	1h	1.5164	−0.123%	$2K	$16K	10x	as long as short