Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%
Price spread now: Derive against dYdX+0.049%7-day average −0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.221%+$22 on $10k
+Price spread, last 4 days (all we have)−0.115%−$11 · spread now +0.049%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Derive is 0.053% dearer against dYdX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX XRP-USD | 1.5168 | 0 | get 0.0000% / 1h | 11m 28s | $1.1M | $148K | 10x |
| Short | Derive XRP-PERP | 1.5175 | 0.0100 | get 0.0013% / 1h | 11m 28s | $816K | $76K | 10x |
dYdX XRP-USD
Derive XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against dYdX. 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: +0.049% → −0.004%
- $5.26
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $10.26
- Costs to cover
- 0.160%
- Break-even
- 3.6 days
Slippage unknown: dYdX: live order book, 3 min ago; Derive: no order-book sample. Net counts fees only.
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 dYdX live order book, 3 min ago | 16.16 bp | 21.2 bp −$21 | 21.2 bp −$212 | 38.8 bp −$3,884 | 164.2 bp −$82.1K |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.5163 | −0.030% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USDlong | 0.0000% | 1h | 1.5168 | long leg | $1.1M | $148K | 10x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5163 | −0.028% | $246K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5176 | +0.056% | $7.7M | $24.2M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.588% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5170 | +0.014% | $14.5M | $73.6M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5164 | −0.023% | $2.8M | $15.2M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5166 | −0.010% | $604K | $3.2M | 20x | as long as short |
| Hibachi XRP/USDT-P | +0.0096% | 1h | 1.5177 | +0.062% | $17K | $78K | 7x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5163 | −0.030% | $20K | $382K | 20x | as long as short |
Hotstuff XRP-PERP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Lighter XRP
Lighter RH XRP
Hibachi XRP/USDT-P
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5164 | −0.023% | $999K | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5165 | −0.017% | $38.5M | $86.1M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5165 | −0.019% | $610K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5164 | −0.025% | $529.0M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5161 | −0.043% | $349.5M | $949.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5161 | −0.043% | $127.2M | $862.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5172 | +0.029% | $564K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5174 | +0.043% | $143K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5178 | +0.069% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5163 | −0.030% | $377.6M | $162.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5166 | −0.010% | $311.5M | $928.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5164 | −0.021% | $106.6M | $183.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5163 | −0.030% | $268.8M | $388.7M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5162 | −0.036% | — | $107.8M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5148 | −0.128% | $4.8M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5151 | −0.109% | $658K | $113.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5180 | +0.081% | $1.1M | $34.3M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5182 | +0.095% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5171 | +0.023% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5168 | +0.003% | $52K | $514K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5178 | +0.069% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5166 | −0.010% | $77K | $689K | 50x | as long as short |
| Derive XRP-PERPshort | +0.0100% | 1h | 1.5175 | +0.049% | $816K | $76K | 10x | |
| SunX XRP-USDT | +0.0100% | 8h | 1.5183 | +0.105% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5170 | +0.016% | $28K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5176 | +0.055% | $49.6M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5171 | +0.023% | $54.1M | $32.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5166 | −0.009% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5160 | −0.047% | $2.1M | $6.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5170 | +0.016% | $8K | $2K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5172 | +0.027% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0108% / S −0.0071% | 1h | 1.5174 | +0.045% | $774K | — | 200x | as long as short |
| Hyperliquid XRP | +0.0140% | 1h | 1.5178 | +0.069% | $289.7M | $268.4M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0168% | 8h | 1.5181 | +0.089% | $1.8M | $33.8M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0176% | 1h | 1.5177 | +0.062% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5176 | +0.056% | $5.6M | $48.0M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5177 | +0.062% | $23.6M | $77.8M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5162 | −0.038% | $1.3M | $4K | 15x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5172 | +0.031% | $521K | $798K | 10x | as long as short |
| Phoenix XRP | +0.0526% | 1h | 1.5180 | +0.082% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0586% | 1h | 1.5169 | +0.007% | $2K | $16K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit 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-USDT
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
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
Hyperliquid XRP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD