XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.023%

Price spread now: SoDEX against Deribit−0.013%7-day average −0.031% · 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−$17as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.013%, 7d avg −0.031%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5180	0.0014	pay 0.0002% / 1h	56m 24s	$7.8M	$24.3M	50x
Short	SoDEX XRP-USD	1.5178	0.0100	get 0.0013% / 1h	56m 24s	$28K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $18.06
Price spread: −0.013% → −0.031%: $1.74
Slippage, 4 orders: −$4.11
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $0.68
Costs to cover: 0.191%
Break-even: 6.7 days

Slippage from Deribit: live order book, 3 min ago; SoDEX: 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 Deribit live order book, 3 min ago	0.33 bp	5.6 bp −$6	7.7 bp −$77	57.1 bp −$5,713	doesn't fit
Sell SoDEX live order book, 2 min ago	0.33 bp	4.3 bp −$4	7.0 bp −$70	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	1.5191	+0.072%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5179	−0.005%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	+0.264%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5177	−0.022%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0014%	1h	1.5180	long leg	$7.8M	$24.3M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.503%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5177	−0.018%	$14.5M	$74.2M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0095% / S −0.0051%	1h	1.5188	+0.050%	$784K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5183	+0.020%	$2.8M	$15.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5179	−0.007%	$545K	$3.1M	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	+0.0099%	8h	1.5167	−0.086%	$10K	$370K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5183	+0.019%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5181	+0.004%	$38.5M	$87.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5181	+0.009%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5179	−0.003%	$531.7M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5177	−0.020%	$348.1M	$958.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5180	0.000%	$127.9M	$882.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5196	+0.105%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5181	+0.007%	$144K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5195	+0.101%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5180	0.000%	$378.8M	$159.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5176	−0.026%	$311.3M	$915.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5178	−0.012%	$107.1M	$183.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5174	−0.040%	$268.3M	$395.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5180	0.000%	—	$107.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.045%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5193	+0.086%	$660K	$113.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5196	+0.105%	$1.1M	$35.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	+0.184%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5183	+0.021%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5176	−0.026%	$50K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5182	+0.014%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5181	+0.007%	$75K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5192	+0.077%	$817K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5179	−0.003%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USDshort	+0.0100%	1h	1.5178	−0.013%	$28K	$1.6M	10x
HTX XRP-USDT	+0.0100%	8h	1.5174	−0.040%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5192	+0.079%	$54.3M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5183	+0.017%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5172	−0.055%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5176	−0.023%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0128%	1h	1.5200	+0.132%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5186	+0.039%	$17K	$79K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5178	−0.013%	$8K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5179	−0.007%	$5.6M	$48.2M	50x	as long as short
Hyperliquid XRP	+0.0180%	1h	1.5187	+0.046%	$289.2M	$267.8M	20x	as long as short
Kalshi KXXRPPERP	+0.0213%	8h	1.5191	+0.072%	$1.8M	$34.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5168	−0.077%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5192	+0.079%	$23.7M	$77.9M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5179	−0.005%	$528K	$806K	10x	as long as short
Aftermath Perps XRPUSD	+0.0691%	1h	1.5201	+0.137%	$2K	$16K	10x	as long as short