XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.048%

Price spread now: Kraken Futures against dYdX+0.073%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 4 days (all we have)−0.115%−$11 · spread now +0.073%, 7d avg +0.002%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kraken Futures is 0.071% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5122	0	get 0.0000% / 1h	51m 21s	$1.1M	$148K	10x
Short	Kraken Futures PF_XRPUSD	1.5134	0.0025	get 0.0003% / 1h	51m 21s	$14.4M	$75.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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 dYdXbpFee Kraken FuturesbpOrdersPrice spread, now +0.073%Rate

Funding earned: $5.16
Price spread: +0.073% → +0.002%: $7.11
Slippage, 4 orders: −$34.78
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$42.5
Costs to cover: 0.548%
Break-even: 64.6 days

Slippage from dYdX: live order book, 3 min ago; Kraken Futures: live order book, 3 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 dYdX live order book, 3 min ago	11.24 bp	22.1 bp −$22	24.6 bp −$246	31.7 bp −$3,169	78.9 bp −$39.4K
Sell Kraken Futures live order book, 3 min ago	1.32 bp	8.8 bp −$9	12.7 bp −$127	23.8 bp −$2,385	48.5 bp −$24.3K

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	1.5125	+0.017%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5122	long leg	$1.1M	$148K	10x
Phoenix XRP	0.0000%	1h	1.5140	+0.116%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5132	+0.064%	$245K	—	150x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0025%	1h	1.5134	+0.073%	$14.4M	$75.3M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.893%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5126	+0.023%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0078% / S −0.0025%	1h	1.5133	+0.066%	$797K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5136	+0.090%	$7.7M	$25.1M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5123	+0.002%	$2.8M	$15.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5124	+0.010%	$545K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5119	−0.023%	$12K	$367K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5122	−0.004%	$994K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5132	+0.063%	$38.4M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5124	+0.011%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5133	+0.071%	$527.9M	$2.23B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5131	+0.056%	$344.0M	$967.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5133	+0.070%	$127.0M	$890.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5129	+0.043%	$563K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5127	+0.030%	$143K	$718K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5129	+0.042%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5132	+0.063%	$372.2M	$158.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5133	+0.070%	$298.4M	$917.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5133	+0.071%	$107.2M	$182.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5130	+0.050%	$266.4M	$399.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5131	+0.056%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5135	+0.082%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	+0.124%	$658K	$114.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5155	+0.215%	$1.1M	$36.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5146	+0.156%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5132	+0.061%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5136	+0.090%	$46K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5134	+0.076%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5131	+0.056%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5132	+0.060%	$814K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5134	+0.077%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5133	+0.070%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5151	+0.189%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5128	+0.037%	$54.0M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5127	+0.029%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5126	+0.026%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5131	+0.053%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0155%	1h	1.5131	+0.056%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5125	+0.015%	$17K	$82K	7x	as long as short
Hyperliquid XRP	+0.0169%	1h	1.5143	+0.136%	$288.8M	$264.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5130	+0.050%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5130	+0.052%	$1.3M	$5K	15x	as long as short
Kalshi KXXRPPERP	+0.0219%	8h	1.5148	+0.169%	$1.8M	$35.4M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5145	+0.149%	$23.5M	$77.7M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5127	+0.032%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0562%	1h	1.5143	+0.136%	$2K	$16K	10x	as long as short