Funding you earn now, next payment 03:00 UTC+0.0209%/8h= +22.9% APRnext payment +$0.26 per $10,000 · paid last 24h +0.100%
Price spread now: RISEx against Kraken Futures+0.111%7-day average +0.044% · 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−$22as in the Price arb table
costs, in and out, $10k−$290.289% of the position
Funding, last 4 days (all we have)+0.248%+$25 on $10k
+Price spread, last 3 days (all we have)+0.008%+$1 · spread now +0.111%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and RISEx is 0.067% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XRPUSD | 1.5096 | 0.0274 | pay 0.0034% / 1h | 50m 03s | $14.4M | $72.8M | 50x |
| Short | RISEx XRP/USDC | 1.5113 | 0.0484 | get 0.0060% / 1h | 50m 03s | $526K | $769K | 10x |
Kraken Futures PF_XRPUSD
RISEx XRP/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $43.98
- Price spread: +0.111% → +0.044%
- $6.74
- Slippage, 4 orders
- −$12.88
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $21.84
- Costs to cover
- 0.289%
- Break-even
- 3.5 days
Slippage from Kraken Futures: live order book, 4 min ago; RISEx: live order book, 14 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, 4 min ago | 1.66 bp | 11.6 bp −$12 | 13.9 bp −$139 | 20.7 bp −$2,071 | 38.6 bp −$19.3K |
| Sell RISEx live order book, 14 min ago | 0.73 bp | 3.7 bp −$4 | 7.1 bp −$71 | doesn't fit | doesn't fit |
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 | 1.5136 | +0.267% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5128 | +0.214% | $1.1M | $110K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5100 | +0.028% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0026% / S +0.0049% | 1h | 1.5097 | +0.006% | $798K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.075% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0075% | 8h | 1.5106 | +0.068% | $62K | $935K | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0088% | 1h | 1.5099 | +0.022% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5104 | +0.052% | $2.8M | $14.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5103 | +0.048% | $508K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5103 | +0.048% | $9K | $305K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
01 Exchange XRPUSD
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5111 | +0.098% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5118 | +0.148% | $279.8M | $220.7M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5099 | +0.022% | $38.3M | $83.1M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5129 | +0.221% | $607K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5103 | +0.051% | $535.6M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5108 | +0.081% | $341.9M | $925.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5110 | +0.095% | $124.8M | $862.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5113 | +0.114% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5117 | +0.141% | $114K | $695K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5087 | −0.061% | $1.6M | $161K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5109 | +0.088% | $369.1M | $150.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5109 | +0.088% | $292.5M | $892.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5099 | +0.024% | $106.4M | $170.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5111 | +0.101% | $266.3M | $379.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5103 | +0.048% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5141 | +0.297% | $6.0M | $36.0M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5102 | +0.043% | $657K | $108.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5131 | +0.236% | $1.1M | $35.9M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5108 | +0.081% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5113 | +0.114% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5101 | +0.035% | $41K | $447K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5100 | +0.028% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5107 | +0.072% | $813K | $75K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5105 | +0.062% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5100 | +0.028% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5098 | +0.018% | $49.5M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5106 | +0.068% | $53.8M | $29.9M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5141 | +0.298% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5095 | −0.008% | $2.0M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5098 | +0.017% | $58K | $25K | 3x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0147% | 1h | 1.5104 | +0.055% | $7.7M | $25.2M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5096 | 0.000% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5105 | +0.061% | $5.6M | $46.2M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0232% | 1h | 1.5114 | +0.121% | $1.9M | $1.3M | 25x | as long as short |
| Kraken Futures PF_XRPUSDlong | +0.0274% | 1h | 1.5096 | long leg | $14.4M | $72.8M | 50x | |
| Hibachi XRP/USDT-P | +0.0312% | 1h | 1.5140 | +0.296% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0357% | 8h | 1.5127 | +0.207% | $2.1M | $34.9M | 2.9x | as long as short |
| RISEx XRP/USDCshort | +0.0484% | 1h | 1.5113 | +0.111% | $526K | $769K | 10x | |
| Phoenix XRP | +0.0528% | 1h | 1.5100 | +0.028% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0717% | 1h | 1.5119 | +0.151% | $2K | $14K | 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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Deribit XRP_USDC-PERPETUAL
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Phoenix XRP
Aftermath Perps XRPUSD