XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.03 per $10,000 · paid last 24h −0.023%

Price spread now: Deribit against SoDEX+0.046%7-day average +0.031% · 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−$18as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on SoDEX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.046%, 7d avg +0.031%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5216	0.0100	pay 0.0013% / 1h	54m 13s	$28K	$1.6M	10x
Short	Deribit XRP_USDC-PERPETUAL	1.5223	0.0079	get 0.0010% / 1h	54m 13s	$7.8M	$24.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SoDEX. 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 SoDEXbpFee DeribitbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$4.41
Price spread: +0.046% → +0.031%: $1.55
Slippage, 4 orders: −$4.11
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$21.98
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 min ago; Deribit: live order book, 5 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 SoDEX live order book, 5 min ago	0.33 bp	4.3 bp −$4	7.3 bp −$73	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	0.33 bp	4.8 bp −$5	7.3 bp −$73	41.6 bp −$4,164	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	1.5222	+0.039%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5214	−0.010%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5180	−0.237%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5228	+0.081%	$246K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.261%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5213	−0.017%	$14.5M	$74.2M	50x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0079%	1h	1.5223	+0.046%	$7.8M	$24.4M	50x
GMX XRP/USD [ETH-USDC]	L +0.0096% / S −0.0053%	1h	1.5229	+0.086%	$786K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5219	+0.017%	$2.8M	$15.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5219	+0.020%	$546K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5214	−0.013%	$10K	$370K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5215	−0.004%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5217	+0.009%	$38.6M	$87.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5220	+0.024%	$614K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5218	+0.014%	$533.1M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5219	+0.020%	$349.4M	$959.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5221	+0.033%	$127.9M	$885.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5214	−0.013%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5229	+0.085%	$145K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5195	−0.135%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5220	+0.026%	$379.5M	$159.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5218	+0.013%	$313.6M	$916.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5216	+0.001%	$106.3M	$184.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5219	+0.020%	$269.1M	$394.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5218	+0.013%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5174	−0.278%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5183	−0.216%	$660K	$113.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5194	−0.141%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5181	−0.230%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5224	+0.053%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5225	+0.059%	$50K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5231	+0.098%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5231	+0.099%	$75K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5227	+0.072%	$819K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5233	+0.114%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5216	long leg	$28K	$1.6M	10x
HTX XRP-USDT	+0.0100%	8h	1.5224	+0.054%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5221	+0.033%	$54.4M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5223	+0.044%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5211	−0.032%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5222	+0.038%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5206	−0.065%	$17K	$79K	7x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5226	+0.066%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5220	+0.026%	$5.6M	$48.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0180%	1h	1.5231	+0.099%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0208%	1h	1.5231	+0.099%	$290.0M	$267.4M	20x	as long as short
Kalshi KXXRPPERP	+0.0213%	8h	1.5228	+0.079%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5221	+0.030%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5219	+0.020%	$23.8M	$78.0M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5229	+0.085%	$530K	$806K	10x	as long as short
Aftermath Perps XRPUSD	+0.0686%	1h	1.5208	−0.056%	$2K	$16K	10x	as long as short