Funding you earn now, next payment 23:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.11 per $10,000 · paid last 24h +0.013%
Price spread now: GMX against SoDEX−0.013%7-day average +0.028% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.215%−$21 on $10k
+Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.013%, 7d avg +0.028%
=Funding pays, the price is against you. GMX is 0.040% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.028%). If the spread goes back, that is −$4 on $10k: about 36 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.215%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX XRP-USD | 1.5751 | 0.0100 | pay 0.0013% / 1h | 14m 35s | $36K | $1.7M | 10x |
| Short | GMX XRP/USD [ETH-USDC] | 1.5749 | L +0.0294% / S −0.0189% | get 0.0024% / 1h | 14m 35s | $1.5M | — | 200x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against SoDEX. 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
- $18.74
- Price spread: −0.013% → +0.028%
- −$4.03
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$5.29
- Costs to cover
- 0.200%
- Break-even
- 9.0 days
Slippage unknown: SoDEX: live order book, 2 min ago; GMX: no order-book sample. 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 SoDEX live order book, 2 min ago | 0.32 bp | 4.3 bp −$4 | 8.4 bp −$84 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 exchanges
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 | 1.5765 | +0.089% | $6K | $2K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0040% | 1h | 1.5756 | +0.029% | $14.7M | $64.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5761 | +0.061% | $1.2M | $232K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5750 | −0.006% | $77K | $48K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5758 | +0.044% | $8.4M | $18.4M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5751 | −0.003% | $233K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5720 | −0.197% | $2K | $97K | 30x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0040% | 1h | 1.5750 | −0.006% | $4.9M | $52.5M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0094% | 8h | 1.5751 | 0.000% | $71K | $277K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5761 | +0.063% | $3.4M | $14.1M | 20x | as long as short |
Show all 51 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5767 | +0.102% | $571K | $3.1M | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5768 | +0.111% | $489K | $4K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5764 | +0.086% | $774K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5760 | +0.060% | $39.6M | $91.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5765 | +0.089% | $574K | $995K | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5763 | +0.076% | $560.3M | $2.25B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5763 | +0.076% | $357.4M | $971.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5760 | +0.057% | $130.2M | $979.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5747 | −0.025% | $580K | $73K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5769 | +0.114% | $159K | $939K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5714 | −0.235% | $1.7M | $19K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5763 | +0.076% | $403.5M | $205.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5762 | +0.070% | $326.4M | $888.8M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5763 | +0.079% | $114.4M | $216.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5760 | +0.057% | $274.7M | $392.8M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5760 | +0.057% | — | $74.6M | — | as long as short |
| Backpack XRP_USDC_PERP | +0.0100% | 1h | 1.5764 | +0.083% | $1.8M | $2.2M | 25x | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5746 | −0.032% | $6.9M | $22.1M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5743 | −0.049% | $683K | $119.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5747 | −0.024% | $1.1M | $31.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5752 | +0.006% | $1.2M | $1.6M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5766 | +0.095% | $51K | $266K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5746 | −0.032% | $43K | $45K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5753 | +0.015% | $848K | $107K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5748 | −0.022% | $132K | $1.3M | 30x | as long as short |
| SoDEX XRP-USDlong | +0.0100% | 1h | 1.5751 | long leg | $36K | $1.7M | 10x | |
| HTX XRP-USDT | +0.0100% | 8h | 1.5739 | −0.074% | $50.5M | $14.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5751 | 0.000% | $57.4M | $32.9M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5761 | +0.065% | — | $9K | 10x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5759 | +0.051% | $10K | $919K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5759 | +0.051% | $2.5M | $6.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5751 | −0.003% | $60K | $24K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0120% | 1h | 1.5752 | +0.006% | $25K | $56K | 7x | as long as short |
| Aftermath Perps XRPUSD | +0.0155% | 1h | 1.5735 | −0.102% | $3K | $15K | 10x | as long as short |
| 01 Exchange XRPUSD | +0.0176% | 1h | 1.5775 | +0.152% | $9K | $1K | 10x | as long as short |
| Kalshi KXXRPPERP | +0.0208% | 8h | 1.5765 | +0.089% | $2.1M | $38.7M | 2.9x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5754 | +0.019% | $25.2M | $79.9M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0234% | 1h | 1.5761 | +0.065% | $1.4M | $2K | 15x | as long as short |
| Hyperliquid XRP | +0.0244% | 1h | 1.5781 | +0.190% | $305.9M | $255.6M | 20x | as long as short |
| RISEx XRP/USDC | +0.0276% | 1h | 1.5767 | +0.100% | $595K | $831K | 10x | as long as short |
| GMX XRP/USD [ETH-USDC]short | L +0.0294% / S −0.0189% | 1h | 1.5749 | −0.013% | $1.5M | — | 200x |
SoDEX XRP-USD
GMX XRP/USD [ETH-USDC]
Kraken Futures PF_XRPUSD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Coinbase International XRP-PERP-INTX
Lighter XRP
Lighter RH XRP
Paradex XRP-USD-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Backpack XRP_USDC_PERP
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
HTX XRP-USDT
Phemex XRPUSDT
Katana Perps XRP-USD
Extended XRP-USD
Aftermath Perps XRPUSD
01 Exchange XRPUSD
Kalshi KXXRPPERP
BloFin XRP-USDT
Hyperliquid XRP
RISEx XRP/USDC