XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.006%

Price spread now: Bybit against Orderly+0.019%7-day average +0.003% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now +0.019%, 7d avg +0.003%

Together, before fees+0.170%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XRP_USDC	1.5517	0.0050	pay 0.0050% / 8h	1h 59m	$82K	$935K	50x
Short	Bybit XRPUSDT	1.5520	0.0100	get 0.0100% / 8h	1h 59m	$349.9M	$858.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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 OrderlybpFee BybitbpOrdersPrice spread, now +0.019%Rate

Funding earned: $10.55
Price spread: +0.019% → +0.003%: $1.67
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$4.79
Costs to cover: 0.170%
Break-even: 10.2 days

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 5 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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	0.32 bp	5.9 bp −$6	7.3 bp −$73	15.4 bp −$1,537	29.5 bp −$14.7K

Orderly: 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
Nado XRP-PERP	−0.0305%	1h	1.5549	+0.209%	$1.1M	$5.3M	20x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5495	−0.142%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5491	−0.169%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	−0.561%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5520	+0.020%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.463%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5521	+0.024%	$15.8M	$65.4M	50x	as long as short
Orderly PERP_XRP_USDClong	+0.0050%	8h	1.5517	long leg	$82K	$935K	50x
Deribit XRP_USDC-PERPETUAL	+0.0072%	1h	1.5519	+0.013%	$9.5M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0078% / S +0.0158%	1h	1.5519	+0.010%	$915K	—	200x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5519	+0.014%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5526	+0.058%	$448K	$3.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5526	+0.060%	$39.5M	$73.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5512	−0.032%	$677K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5502	−0.096%	$557.6M	$1.89B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5520	+0.019%	$349.9M	$858.1M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5519	+0.013%	$126.6M	$858.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5499	−0.116%	$575K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5543	+0.168%	$122K	$701K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	−0.402%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5522	+0.032%	$369.4M	$132.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5527	+0.064%	$283.7M	$810.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5522	+0.035%	$112.3M	$149.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5509	−0.052%	$268.7M	$348.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5514	−0.019%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5465	−0.336%	$6.6M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5461	−0.362%	$671K	$96.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5484	−0.211%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5459	−0.374%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5525	+0.052%	—	$10K	10x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5527	+0.066%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5509	−0.054%	$835K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5522	+0.030%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5518	+0.006%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5532	+0.099%	$51.1M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5525	+0.052%	$55.4M	$28.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5519	+0.014%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5538	+0.135%	$11K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5515	−0.011%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5514	−0.018%	$72K	$40K	3x	as long as short
Polymarket Perps XRP-USD	+0.0113%	1h	1.5548	+0.200%	$51K	$436K	20x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5542	+0.161%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5523	+0.039%	$5.7M	$45.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5540	+0.148%	$24.4M	$70.6M	125x	as long as short
01 Exchange XRPUSD	+0.0304%	1h	1.5634	+0.754%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5500	−0.110%	$1.9M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5529	+0.076%	$19K	$66K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0359%	1h	1.5530	+0.084%	$1.8M	$956K	25x	as long as short
Aftermath Perps XRPUSD	+0.0523%	1h	1.5458	−0.382%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5548	+0.198%	$409K	$524K	10x	as long as short
Hyperliquid XRP	+0.0608%	1h	1.5528	+0.070%	$287.6M	$192.1M	20x	as long as short