XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Deribit against gTrade (Gains Network)+0.005%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$282as in the Price arb table

costs, in and out, $10k−$2802.796% of the position

Long on gTrade (Gains Network)Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.061%+$6 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.005%, 7d avg +0.026%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.021% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XRP/USD	1.5489	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	39m 17s	$259K	—	150x
Short	Deribit XRP_USDC-PERPETUAL	1.5490	0.0008	get 0.0001% / 1h	39m 17s	$9.6M	$25.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee DeribitbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0.99
Price spread: +0.005% → +0.026%: −$2.14
Slippage, 4 orders: −$262.61
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$280.76
Costs to cover: 2.796%
Break-even: 1999.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 40 min ago; Deribit: live order book, 5 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 gTrade (Gains Network) virtual book (oracle venue), 40 min ago	130.01 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell Deribit live order book, 5 min ago	0.32 bp	5.4 bp −$5	6.6 bp −$66	39.6 bp −$3,956	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	1.5501	+0.076%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5497	+0.051%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5550	+0.392%	$69K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5489	long leg	$259K	—	150x
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0103%	1h	1.5487	−0.013%	$852K	—	200x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0008%	1h	1.5490	+0.005%	$9.6M	$25.4M	50x
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5484	−0.034%	$15.5M	$68.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0057%	8h	1.5491	+0.011%	$76K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+0.456%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5482	−0.047%	$3.0M	$12.6M	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	1.5488	−0.008%	$441K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5507	+0.118%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5485	−0.026%	$39.4M	$80.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5499	+0.063%	$638K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5481	−0.054%	$554.4M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5481	−0.054%	$346.2M	$919.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5482	−0.047%	$126.7M	$884.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5546	+0.366%	$578K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5499	+0.063%	$116K	$754K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5506	+0.107%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5491	+0.011%	$373.2M	$144.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5478	−0.073%	$294.5M	$872.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5495	+0.037%	$112.9M	$163.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5487	−0.015%	$271.1M	$370.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5493	+0.024%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5522	+0.208%	$11.6M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5529	+0.254%	$674K	$103.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5516	+0.175%	$1.1M	$40.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5524	+0.224%	$1.0M	$899K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5499	+0.064%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5500	+0.069%	$48K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5490	+0.008%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5492	+0.020%	$834K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5495	+0.040%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5486	−0.021%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5490	+0.004%	$50.8M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5482	−0.047%	$55.1M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5493	+0.027%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5501	+0.076%	$12K	$268K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5485	−0.029%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5490	+0.007%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5501	+0.076%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5494	+0.029%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5488	−0.008%	$24.5M	$74.3M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5493	+0.024%	$5.9M	$47.4M	50x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5527	+0.244%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5508	+0.121%	$2.0M	$34.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0331%	1h	1.5503	+0.088%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0603%	1h	1.5514	+0.159%	$294.8M	$209.4M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5508	+0.122%	$504K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0794%	1h	1.5552	+0.405%	$1K	$11K	10x	as long as short