XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h +0.049%

Price spread now: Arcus against GMX−0.103%225s7-day average −0.016% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.187%+$19 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.103%, 7d avg −0.016%

Together, before fees+0.243%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Arcus is 0.087% cheaper against GMX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.016%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.187%, so the current rate has only just turned against you. The two prices were read 225 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XRP/USD [ETH-USDC]	1.5345	L +0.0203% / S −0.0551%	pay 0.0025% / 1h	48m 33s	$805K	—	200x
Short	Arcus XRP-USD	1.5329	0.0100	get 0.0013% / 1h	48m 33s	$165K	$681K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against GMX. 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 GMXbpFee ArcusbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$21.72
Price spread: −0.103% → −0.016%: −$8.71
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$46.93
Costs to cover: 0.165%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Arcus: live order book, 63 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Arcus live order book, 63 min ago	0.33 bp	4.9 bp −$5	10.3 bp −$103	32.1 bp −$3,214	doesn't fit

GMX: 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 50 exchanges

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	1.5403	+0.380%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5338	−0.042%	$14.0M	$70.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5329	−0.105%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5340	−0.031%	$69K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5338	−0.044%	$7.8M	$21.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5357	+0.078%	$246K	—	150x	as long as short
01 Exchange XRPUSD	+0.0008%	1h	1.5323	−0.142%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.403%	$2K	$107K	30x	as long as short
SoDEX XRP-USD	+0.0050%	1h	1.5336	−0.057%	$29K	$1.5M	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5330	−0.094%	$2.8M	$14.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5331	−0.090%	$603K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5328	−0.112%	$478K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5321	−0.155%	$10K	$402K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5314	−0.200%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5329	−0.103%	$298.6M	$266.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5317	−0.178%	$39.3M	$81.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5329	−0.101%	$592K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5315	−0.195%	$533.8M	$2.08B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5317	−0.181%	$361.3M	$888.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5317	−0.181%	$124.8M	$836.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5321	−0.155%	$563K	$37K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5329	−0.103%	$165K	$681K	20x
Bulk XRP-USD	+0.0100%	1h	1.5379	+0.223%	$1.6M	$25K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5325	−0.129%	$381.7M	$156.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5322	−0.148%	$314.2M	$889.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5323	−0.140%	$105.9M	$181.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5318	−0.174%	$271.7M	$356.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5323	−0.142%	—	$4.2M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5348	+0.021%	$2.0M	$1.2M	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5325	−0.131%	$5.0M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5326	−0.120%	$666K	$109.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5340	−0.029%	$1.1M	$30.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5341	−0.024%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5325	−0.130%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5322	−0.148%	$52K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5334	−0.070%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5337	−0.051%	$83K	$613K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5334	−0.068%	$129K	$1.5M	30x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5336	−0.058%	$50.0M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5340	−0.031%	$54.7M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5317	−0.178%	$2.2M	$6.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5335	−0.061%	$17K	$76K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5330	−0.096%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5340	−0.031%	$5.5M	$44.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0137%	8h	1.5341	−0.024%	$1.9M	$35.1M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]long	L +0.0203% / S −0.0551%	1h	1.5345	long leg	$805K	—	200x
BloFin XRP-USDT	+0.0220%	8h	1.5333	−0.077%	$23.9M	$78.3M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5323	−0.142%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5328	−0.106%	$515K	$736K	10x	as long as short
Aftermath Perps XRPUSD	+0.0430%	1h	1.5356	+0.072%	$3K	$13K	10x	as long as short