Funding you earn now, next payment 06:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.024%
Price spread now: Deribit against Katana Perps+0.120%7-day average +0.041% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.120%, 7d avg +0.041%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Deribit is 0.079% dearer against Katana Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps XRP-USD | 1.4944 | 0.0099 | pay 0.0099% / 8h | 2h 26m | $10K | $363K | 20x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.4962 | 0.0151 | get 0.0019% / 1h | 26m 07s | $7.6M | $25.8M | 50x |
Katana Perps XRP-USD
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Katana Perps. 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
- $10.96
- Price spread: +0.120% → +0.041%
- $7.94
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $8.11
- Costs to cover
- 0.108%
- Break-even
- 1.8 days
Slippage unknown: Katana Perps: no order-book sample; Deribit: live order book, 3 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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 3 min ago | 0.33 bp | 5.5 bp −$5 | 9.3 bp −$93 | 416.9 bp −$41.7K | doesn't fit |
Katana Perps: 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 | 1.4943 | −0.007% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.4961 | +0.113% | $14.1M | $75.2M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.4944 | 0.000% | $1.1M | $130K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5010 | +0.442% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.4954 | +0.067% | $242K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +4.122% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.4954 | +0.066% | $786K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0080% | 1h | 1.4961 | +0.114% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.4960 | +0.108% | $2.8M | $15.0M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.4962 | +0.120% | $541K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USDlong | +0.0099% | 8h | 1.4944 | long leg | $10K | $363K | 20x | |
| Nado XRP-PERP | +0.0100% | 1h | 1.4956 | +0.084% | $944K | $6.3M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.4972 | +0.187% | $284.9M | $261.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.4961 | +0.116% | $38.1M | $87.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.4953 | +0.057% | $598K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.4966 | +0.148% | $523.8M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.4960 | +0.107% | $340.2M | $970.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.4963 | +0.127% | $123.8M | $880.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.4932 | −0.080% | $556K | $31K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.4964 | +0.134% | $143K | $733K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5027 | +0.555% | $1.6M | $4K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.4961 | +0.114% | $366.0M | $159.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.4961 | +0.114% | $280.4M | $918.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.4957 | +0.084% | $104.4M | $181.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.4957 | +0.087% | $262.5M | $399.0M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.4958 | +0.094% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.4960 | +0.107% | $4.7M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5011 | +0.451% | $652K | $112.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5001 | +0.380% | $1.1M | $37.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5018 | +0.495% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.4958 | +0.094% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.4961 | +0.114% | $51K | $492K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.4956 | +0.080% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.4957 | +0.087% | $61K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.4956 | +0.078% | $805K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.4965 | +0.137% | $125K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.4960 | +0.107% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.4955 | +0.076% | $48.9M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.4962 | +0.120% | $53.4M | $32.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.4957 | +0.088% | $466K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.4953 | +0.062% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.4958 | +0.095% | $57K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0143% | 8h | 1.4959 | +0.100% | $1.6M | $35.9M | 2.9x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | +0.0151% | 1h | 1.4962 | +0.120% | $7.6M | $25.8M | 50x | |
| Backpack XRP_USDC_PERP | +0.0155% | 1h | 1.4971 | +0.181% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.4964 | +0.134% | $5.5M | $48.1M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0208% | 1h | 1.4939 | −0.036% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.4959 | +0.097% | $1.3M | $6K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.4939 | −0.033% | $23.2M | $76.1M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.4963 | +0.126% | $510K | $781K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0626% | 1h | 1.5000 | +0.374% | $2K | $16K | 10x | as long as short |
Nado XRP-PERP
Hyperliquid XRP
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-USDC
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD