Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: Derive against Variational Omni+0.200%46s7-day average +0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.200%, 7d avg +0.006%
=Together, before fees−0.033%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.194% dearer against Variational Omni than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 46 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 | Variational Omni XRP | 1.5256 | 0.0100 | pay 0.0100% / 8h | 4h 47m | $4.9M | $37.1M | — |
| Short | Derive XRP-PERP | 1.5287 | 0.0100 | get 0.0013% / 1h | 47m 24s | $822K | $81K | 10x |
Variational Omni XRP
Derive XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Variational Omni. 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
- $0
- Price spread: +0.200% → +0.006%
- $19.39
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $13.39
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Derive: 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 Variational Omni RFQ quote, 5 min ago | 2.06 bp | doesn't fit | 3.8 bp −$38 | 22.0 bp −$2,197 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | 1.5360 | +0.679% | $5K | $2K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0077% | 1h | 1.5283 | +0.171% | $13.7M | $68.5M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5280 | +0.156% | $1.1M | $154K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5270 | +0.089% | $68K | $102K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5289 | +0.213% | $7.6M | $19.9M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5285 | +0.187% | $242K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.990% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5291 | +0.226% | $9K | $987 | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0080% | 1h | 1.5275 | +0.124% | $17K | $68K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5285 | +0.190% | $2.7M | $13.5M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Lighter XRPShow all 51 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5289 | +0.213% | $589K | $3.1M | 20x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0096% | 1h | 1.5286 | +0.194% | $5.5M | $41.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5289 | +0.216% | $477K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5278 | +0.141% | $10K | $412K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5287 | +0.203% | $848K | $6.0M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5298 | +0.272% | $297.2M | $260.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5292 | +0.233% | $38.9M | $79.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5287 | +0.198% | $590K | $978K | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5290 | +0.221% | $532.1M | $2.02B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5286 | +0.194% | $359.1M | $852.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5286 | +0.194% | $123.9M | $817.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5273 | +0.108% | $561K | $37K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5292 | +0.233% | $161K | $691K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5312 | +0.361% | $1.6M | $66K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5290 | +0.220% | $375.8M | $156.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5293 | +0.240% | $317.1M | $878.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5287 | +0.200% | $104.0M | $180.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5289 | +0.213% | $269.8M | $346.5M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5286 | +0.194% | — | $94.9M | — | as long as short |
| Variational Omni XRPlong | +0.0100% | 8h | 1.5256 | long leg | $4.9M | $37.1M | — | |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5240 | −0.106% | $662K | $105.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5265 | +0.056% | $1.1M | $32.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5262 | +0.036% | $1.2M | $1.2M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5290 | +0.220% | $51K | $471K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5290 | +0.220% | $41K | $64K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5286 | +0.194% | $83K | $602K | 50x | as long as short |
| Derive XRP-PERPshort | +0.0100% | 1h | 1.5287 | +0.200% | $822K | $81K | 10x | |
| SunX XRP-USDT | +0.0100% | 8h | 1.5286 | +0.196% | $128K | $1.4M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5282 | +0.167% | $30K | $1.4M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5248 | −0.059% | $49.7M | $13.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5280 | +0.154% | $54.6M | $33.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5288 | +0.204% | — | $15K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5283 | +0.176% | $2.2M | $5.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5280 | +0.158% | $59K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0109% | 8h | 1.5277 | +0.135% | $1.9M | $35.6M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0148% | 1h | 1.5288 | +0.207% | $2.0M | $1.2M | 25x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5236 | −0.134% | $23.8M | $77.0M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0224% | 1h | 1.5285 | +0.186% | $1.4M | $1K | 15x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0260% / S −0.0519% | 1h | 1.5287 | +0.198% | $880K | — | 200x | as long as short |
| RISEx XRP/USDC | +0.0300% | 1h | 1.5294 | +0.249% | $506K | $723K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0389% | 1h | 1.5285 | +0.189% | $3K | $13K | 10x | as long as short |
Lighter RH XRP
Coinbase International XRP-PERP-INTX
Paradex XRP-USD-PERP
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
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
BloFin XRP-USDT
Reya XRPRUSDPERP
GMX XRP/USD [ETH-USDC]
RISEx XRP/USDC
Aftermath Perps XRPUSD