XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.08 per $10,000 · paid last 24h −0.017%

Price spread now: Bulk against Kraken Futures+0.323%7-day average +0.022% · 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+$3as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Kraken Futures Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 3 days (all we have)−0.313%−$31 · spread now +0.323%, 7d avg +0.022%

Together, before fees−0.380%−$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bulk is 0.301% dearer against Kraken Futures than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.022%. Mind the row above: over the last 3 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5141	0.0040	pay 0.0005% / 1h	18m 16s	$14.5M	$72.7M	50x
Short	Bulk XRP-USD	1.5190	0.0100	get 0.0013% / 1h	18m 16s	$1.6M	$330K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Kraken Futures. 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 Kraken FuturesbpFee BulkbpOrdersPrice spread, now +0.323%Rate

Funding earned: $12.65
Price spread: +0.323% → +0.022%: $30.11
Slippage, 4 orders: −$9.74
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $16.03
Costs to cover: 0.267%
Break-even: from the start

Slippage from Kraken Futures: live order book, 1 min ago; Bulk: live order book, 1 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 Kraken Futures live order book, 1 min ago	1.65 bp	9.7 bp −$10	12.8 bp −$128	19.3 bp −$1,929	36.6 bp −$18.3K
Sell Bulk live order book, 1 min ago	0.66 bp	4.2 bp −$4	5.0 bp −$50	8.1 bp −$811	22.2 bp −$11.1K

XRP on 50 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	1.5146	+0.036%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5152	+0.073%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.194%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5143	+0.014%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0057%	1h	1.5141	+0.001%	$800K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.770%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0040%	1h	1.5141	long leg	$14.5M	$72.7M	50x
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5139	−0.010%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5146	+0.036%	$7.6M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5145	+0.028%	$2.8M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5146	+0.036%	$511K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5124	−0.109%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5137	−0.020%	$934K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5136	−0.032%	$38.5M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5156	+0.101%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5140	−0.001%	$537.0M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5131	−0.063%	$340.7M	$940.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5131	−0.063%	$124.2M	$871.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5130	−0.070%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5139	−0.010%	$114K	$701K	20x	as long as short
Bulk XRP-USDshort	+0.0100%	1h	1.5190	+0.323%	$1.6M	$330K	20x
Gate XRP_USDT	+0.0100%	8h	1.5127	−0.090%	$368.0M	$152.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5129	−0.076%	$289.7M	$915.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5141	+0.001%	$107.0M	$171.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5128	−0.083%	$266.5M	$384.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5127	−0.090%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5151	+0.067%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5154	+0.086%	$658K	$109.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5186	+0.300%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5155	+0.095%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5141	0.000%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5136	−0.030%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5144	+0.024%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5142	+0.012%	$815K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5142	+0.010%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5143	+0.016%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5145	+0.027%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5133	−0.050%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5156	+0.103%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5139	−0.007%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5139	−0.011%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5131	−0.063%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0190%	1h	1.5137	−0.024%	$280.2M	$222.0M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5133	−0.053%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5149	+0.056%	$5.7M	$46.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5132	−0.056%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0343%	1h	1.5138	−0.017%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0361%	8h	1.5146	+0.036%	$2.1M	$35.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5134	−0.046%	$529K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0756%	1h	1.5153	+0.084%	$2K	$14K	10x	as long as short