Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.025%
Price spread now: Deribit against KuCoin+0.198%53s7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.382% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 4 days (all we have)−0.361%−$36 · spread now +0.198%, 7d avg +0.015%
=The price spread pays, funding is against you. Deribit is 0.183% dearer against KuCoin than usual: you sell high and buy low (spread +0.198% now, against its 7-day average of +0.015%): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.141%, so the current rate has only just turned against you. The two prices were read 53 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 | KuCoin XRPUSDTM | 1.5135 | 0.0100 | pay 0.0100% / 8h | 4h 37m | $107.8M | $173.8M | 75x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.5165 | 0.0014 | get 0.0002% / 1h | 37m 22s | $7.7M | $25.5M | 50x |
KuCoin XRPUSDTM
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against KuCoin. 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
- −$18.06
- Price spread: +0.198% → +0.015%
- $18.26
- Slippage, 4 orders
- −$19.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$37.95
- Costs to cover
- 0.382%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Deribit: live order book, 2 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 KuCoin live order book, 2 min ago | 0.03 bp | 9.9 bp −$10 | 13.8 bp −$138 | 28.4 bp −$2,835 | doesn't fit |
| Sell Deribit live order book, 2 min ago | 3.63 bp | 8.9 bp −$9 | 17.2 bp −$172 | 213.6 bp −$21.4K | doesn't fit |
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 | 1.5162 | +0.178% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5159 | +0.160% | $14.3M | $73.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5161 | +0.172% | $1.1M | $114K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5150 | +0.098% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5148 | +0.087% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | +0.0014% | 1h | 1.5165 | +0.198% | $7.7M | $25.5M | 50x | |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.807% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0040% / S +0.0030% | 1h | 1.5160 | +0.167% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5156 | +0.138% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0081% | 8h | 1.5163 | +0.184% | $62K | $935K | 50x | 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
Orderly PERP_XRP_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XRP | +0.0096% | 1h | 1.5161 | +0.169% | $2.8M | $14.6M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5164 | +0.191% | $510K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0097% | 8h | 1.5148 | +0.085% | $9K | $324K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5146 | +0.075% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5152 | +0.112% | $281.3M | $225.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5161 | +0.171% | $38.4M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5162 | +0.177% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5147 | +0.080% | $533.7M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5137 | +0.013% | $344.4M | $931.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5142 | +0.046% | $125.8M | $874.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5175 | +0.264% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5148 | +0.085% | $110K | $717K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5146 | +0.070% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5156 | +0.138% | $369.9M | $153.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5149 | +0.092% | $289.2M | $897.7M | 300x | as long as short |
| KuCoin XRPUSDTMlong | +0.0100% | 8h | 1.5135 | long leg | $107.8M | $173.8M | 75x | |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5150 | +0.098% | $267.7M | $384.4M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5157 | +0.145% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5148 | +0.083% | $5.4M | $37.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5152 | +0.113% | $658K | $108.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5180 | +0.297% | $1.1M | $35.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5153 | +0.118% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5149 | +0.092% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5155 | +0.131% | $44K | $453K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5150 | +0.098% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5166 | +0.202% | $816K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5165 | +0.199% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5161 | +0.171% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5159 | +0.160% | $49.6M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5158 | +0.151% | $54.1M | $30.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5163 | +0.188% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5151 | +0.103% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5164 | +0.190% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0160% | 1h | 1.5162 | +0.174% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0164% | 1h | 1.5171 | +0.237% | $1.9M | $1.3M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5170 | +0.231% | $5.6M | $47.2M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5146 | +0.073% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5141 | +0.039% | $24.1M | $76.0M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0315% | 8h | 1.5152 | +0.112% | $2.1M | $34.5M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5158 | +0.152% | $516K | $779K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0652% | 1h | 1.5157 | +0.145% | $2K | $15K | 10x | as long as short |
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USD
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
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
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD