Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.017%
Price spread now: Phoenix against Arcus−0.117%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.117% cheaper against Arcus than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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 | Arcus XRP-USD | 1.5368 | 0.0100 | pay 0.0013% / 1h | 0m 22s | $117K | $706K | 20x |
| Short | Phoenix XRP | 1.5350 | 0 | get 0.0000% / 1h | 0m 22s | $68K | $90K | 15x |
Arcus XRP-USD
Phoenix XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Arcus. 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
- −$21
- Price spread: −0.117% → 0.000%
- −$11.71
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$44.21
- Costs to cover
- 0.115%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 13 min ago; 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 Arcus live order book, 13 min ago | 1.30 bp | 5.3 bp −$5 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | 1.5372 | +0.026% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5371 | +0.022% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRPshort | 0.0000% | 1h | 1.5350 | −0.117% | $68K | $90K | 15x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5367 | −0.005% | $257K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0007% / S +0.0090% | 1h | 1.5365 | −0.017% | $842K | — | 200x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0032% | 1h | 1.5373 | +0.031% | $14.9M | $70.2M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0061% | 8h | 1.5368 | 0.000% | $75K | $910K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0075% | 1h | 1.5376 | +0.052% | $9.3M | $25.7M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | +1.249% | $2K | $107K | 30x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5369 | +0.008% | $2.9M | $13.8M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5372 | +0.026% | $514K | $3.3M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5368 | 0.000% | $1.1M | $5.6M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5368 | 0.000% | $38.9M | $82.9M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5370 | +0.013% | $632K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5369 | +0.007% | $542.4M | $2.07B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5369 | +0.007% | $340.5M | $932.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5368 | 0.000% | $125.8M | $886.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5320 | −0.312% | $571K | $47K | 5x | as long as short |
| Arcus XRP-USDlong | +0.0100% | 1h | 1.5368 | long leg | $117K | $706K | 20x | |
| Bulk XRP-USD | +0.0100% | 1h | 1.5333 | −0.227% | $1.7M | $570K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5369 | +0.007% | $372.7M | $151.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5370 | +0.013% | $302.8M | $901.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5371 | +0.020% | $109.5M | $167.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5371 | +0.020% | $268.9M | $377.9M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5366 | −0.013% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5346 | −0.140% | $6.4M | $35.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5324 | −0.289% | $665K | $106.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5319 | −0.317% | $1.1M | $40.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5328 | −0.260% | $1.0M | $902K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5364 | −0.026% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5372 | +0.026% | $48K | $458K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5368 | 0.000% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5369 | +0.004% | $827K | $82K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5371 | +0.018% | $129K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5373 | +0.033% | $30K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5366 | −0.016% | $50.4M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5372 | +0.026% | $54.8M | $29.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5367 | −0.004% | $479K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5366 | −0.013% | $12K | $271K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5364 | −0.029% | $2.1M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5363 | −0.032% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5368 | 0.000% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0213% | 1h | 1.5367 | −0.010% | $1.4M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5374 | +0.039% | $24.1M | $75.1M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5384 | +0.104% | $5.8M | $47.1M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0267% | 1h | 1.5381 | +0.085% | $1.7M | $1.1M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0312% | 1h | 1.5354 | −0.091% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0315% | 8h | 1.5384 | +0.104% | $2.3M | $35.2M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0553% | 1h | 1.5386 | +0.117% | $291.4M | $216.4M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5371 | +0.019% | $526K | $746K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0775% | 1h | 1.5343 | −0.165% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD