Funding you earn now, next payment 01:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.027%
Price spread now: Deribit against Ondo Perps+0.007%7-day average +0.072% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.174%+$17 on $10k
+Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.007%, 7d avg +0.072%
=Together, before fees+0.081%+ Points / potential airdropOndo Perps: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.066% cheaper against Ondo Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.072%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.174%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps XRP-USD.P | 1.5215 | 0.0100 | pay 0.0013% / 1h | 1m 02s | $567K | $42K | 5x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.5216 | 0.0013 | get 0.0002% / 1h | 1m 02s | $9.2M | $24.6M | 50x |
Ondo Perps XRP-USD.P
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Ondo 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
- −$18.27
- Price spread: +0.007% → +0.072%
- −$6.56
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$36.83
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Ondo 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 3 min ago | 0.98 bp | 4.5 bp −$4 | 21.6 bp −$216 | 235.9 bp −$23.6K | doesn't fit |
Ondo 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 | 1.5246 | +0.204% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5244 | +0.191% | $1.1M | $116K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5215 | 0.000% | $255K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | +0.0013% | 1h | 1.5216 | +0.007% | $9.2M | $24.6M | 50x | |
| GMX XRP/USD [ETH-USDC] | L +0.0020% / S +0.0070% | 1h | 1.5213 | −0.014% | $834K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.267% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0065% | 8h | 1.5217 | +0.013% | $57K | $935K | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5234 | +0.125% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5215 | +0.002% | $2.8M | $14.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5219 | +0.026% | $508K | $3.3M | 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 XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5227 | +0.079% | $9K | $282K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5241 | +0.170% | $475K | $55K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5221 | +0.040% | $1.0M | $5.6M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5209 | −0.039% | $38.4M | $83.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5251 | +0.234% | $627K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5202 | −0.085% | $536.1M | $2.06B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5189 | −0.171% | $338.7M | $922.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5188 | −0.177% | $122.3M | $862.8M | 100x | as long as short |
| Ondo Perps XRP-USD.Plong | +0.0100% | 1h | 1.5215 | long leg | $567K | $42K | 5x | |
| Arcus XRP-USD | +0.0100% | 1h | 1.5240 | +0.164% | $115K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5350 | +0.885% | $1.7M | $327K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5211 | −0.026% | $366.8M | $153.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5214 | −0.007% | $299.4M | $919.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5213 | −0.016% | $110.2M | $167.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5210 | −0.033% | $266.6M | $376.7M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5208 | −0.046% | — | $125.5M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5216 | +0.006% | $6.4M | $35.6M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5260 | +0.294% | $663K | $107.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5328 | +0.741% | $1.1M | $37.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5252 | +0.243% | $1.2M | $999K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5229 | +0.092% | $45K | $448K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5218 | +0.022% | $41K | $67K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5219 | +0.025% | $819K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5221 | +0.042% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5215 | 0.000% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5210 | −0.034% | $49.9M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5214 | −0.007% | $54.0M | $29.5M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5230 | +0.097% | — | $9K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5213 | −0.016% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5213 | −0.012% | $58K | $25K | 3x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5216 | +0.008% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5210 | −0.033% | $24.1M | $73.8M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5220 | +0.033% | $5.7M | $46.3M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0246% | 1h | 1.5213 | −0.014% | $14.3M | $70.4M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0303% | 1h | 1.5218 | +0.020% | $1.9M | $1.3M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0304% | 1h | 1.5252 | +0.241% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0322% | 8h | 1.5236 | +0.138% | $2.0M | $34.8M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0355% | 1h | 1.5219 | +0.026% | $286.0M | $216.3M | 20x | as long as short |
| Phoenix XRP | +0.0520% | 1h | 1.5240 | +0.164% | $68K | $110K | 15x | as long as short |
| RISEx XRP/USDC | +0.0828% | 1h | 1.5236 | +0.139% | $539K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0853% | 1h | 1.5298 | +0.545% | $2K | $13K | 10x | as long as short |
Katana Perps XRP-USD
Paradex XRP-USD-PERP
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Kraken Futures PF_XRPUSD
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Hyperliquid XRP
Phoenix XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD