XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0153%/8h= −16.7% APRnext payment −$0.19 per $10,000 · paid last 24h −0.153%

Price spread now: Phoenix against Aftermath Perps+0.525%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.525% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.525% now, against zero (this spread has no 7-day history yet)): +$53 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XRPUSD	1.5648	0.0669	pay 0.0084% / 1h	37m 00s	$1K	$11K	10x
Short	Phoenix XRP	1.5730	0.0516	get 0.0064% / 1h	37m 00s	$70K	$90K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aftermath Perps. 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 Aftermath PerpsbpFee PhoenixbpOrdersPrice spread, now +0.525%Rate

Funding earned: −$32.11
Price spread: +0.525% → 0.000%: $52.52
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $4.41
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Phoenix: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

Aftermath Perps and Phoenix: 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	1.5610	−0.242%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5594	−0.346%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5603	−0.286%	$9.7M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5598	−0.315%	$261K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.287%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5599	−0.313%	$15.6M	$68.0M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5601	−0.299%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0133%	1h	1.5606	−0.266%	$919K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5604	−0.283%	$3.0M	$11.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5606	−0.267%	$458K	$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
Nado XRP-PERP	+0.0100%	1h	1.5589	−0.379%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5601	−0.299%	$39.6M	$76.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5594	−0.344%	$673K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5598	−0.318%	$563.1M	$1.94B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5599	−0.312%	$350.7M	$880.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5598	−0.318%	$127.5M	$872.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5693	+0.289%	$584K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5602	−0.293%	$119K	$729K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+0.225%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5602	−0.293%	$374.6M	$137.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5597	−0.325%	$294.9M	$837.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5598	−0.318%	$114.9M	$157.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5596	−0.331%	$271.4M	$357.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5599	−0.312%	—	$116.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5690	+0.268%	$12.0M	$29.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5643	−0.028%	$679K	$99.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5652	+0.027%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	−0.018%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5601	−0.301%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5593	−0.350%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5604	−0.278%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5605	−0.276%	$840K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5599	−0.309%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5600	−0.306%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5582	−0.418%	$51.2M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5606	−0.267%	$55.6M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5592	−0.355%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5601	−0.299%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5596	−0.332%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5601	−0.299%	$73K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0128%	1h	1.5657	+0.057%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5604	−0.280%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5587	−0.391%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5607	−0.261%	$5.8M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5608	−0.254%	$24.6M	$73.3M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0298%	1h	1.5609	−0.248%	$1.8M	$976K	25x	as long as short
Kalshi KXXRPPERP	+0.0325%	8h	1.5614	−0.216%	$1.9M	$32.3M	2.9x	as long as short
Phoenix XRPshort	+0.0516%	1h	1.5730	+0.525%	$70K	$90K	15x
RISEx XRP/USDC	+0.0527%	1h	1.5608	−0.255%	$509K	$615K	10x	as long as short
Hyperliquid XRP	+0.0611%	1h	1.5615	−0.210%	$291.2M	$199.5M	20x	as long as short
Aftermath Perps XRPUSDlong	+0.0669%	1h	1.5648	long leg	$1K	$11K	10x