XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0174%/8h= −19.0% APRnext payment −$0.22 per $10,000 · paid last 24h −0.017%

Price spread now: SoDEX against Kraken Futures−0.003%7-day average −0.012% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Kraken Futures Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.054%−$5 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now −0.003%, 7d avg −0.012%

Together, before fees−0.065%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5115	0.0274	pay 0.0034% / 1h	47m 51s	$14.4M	$72.8M	50x
Short	SoDEX XRP-USD	1.5115	0.0100	get 0.0013% / 1h	47m 51s	$29K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$36.52
Price spread: −0.003% → −0.012%: $0.89
Slippage, 4 orders: −$13.2
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$66.83
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; SoDEX: 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	0.33 bp	11.3 bp −$11	12.1 bp −$121	20.2 bp −$2,023	40.2 bp −$20.1K
Sell SoDEX live order book, 1 min ago	0.33 bp	4.3 bp −$4	7.7 bp −$77	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	1.5105	−0.069%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5102	−0.086%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5106	−0.062%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0027% / S +0.0049%	1h	1.5107	−0.059%	$798K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.941%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5112	−0.023%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5110	−0.036%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5120	+0.033%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5124	+0.057%	$508K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5103	−0.082%	$10K	$305K	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5110	−0.033%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5114	−0.010%	$279.8M	$220.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5108	−0.049%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5110	−0.035%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5104	−0.078%	$535.4M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5103	−0.082%	$342.0M	$924.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5105	−0.069%	$124.9M	$862.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5113	−0.016%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5115	−0.003%	$116K	$702K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5087	−0.191%	$1.6M	$161K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5104	−0.076%	$368.5M	$150.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5105	−0.069%	$292.6M	$893.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5108	−0.047%	$106.5M	$170.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5101	−0.096%	$265.9M	$379.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5103	−0.082%	—	$126.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5141	+0.166%	$6.0M	$36.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5102	−0.087%	$657K	$108.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5143	+0.179%	$1.1M	$35.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5108	−0.049%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5111	−0.027%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5114	−0.010%	$41K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5111	−0.027%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5113	−0.013%	$813K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5126	+0.073%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USDshort	+0.0100%	1h	1.5115	−0.003%	$29K	$1.7M	10x
HTX XRP-USDT	+0.0100%	8h	1.5113	−0.014%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5123	+0.050%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5113	−0.014%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5105	−0.067%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5111	−0.030%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0147%	1h	1.5119	+0.024%	$7.7M	$25.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5110	−0.037%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5123	+0.050%	$5.6M	$46.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0224%	1h	1.5117	+0.010%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0274%	1h	1.5115	long leg	$14.4M	$72.8M	50x
Hibachi XRP/USDT-P	+0.0312%	1h	1.5109	−0.040%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0356%	8h	1.5116	+0.004%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5112	−0.025%	$526K	$769K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	+0.096%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0717%	1h	1.5115	−0.005%	$2K	$14K	10x	as long as short