XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0090%/8h= −9.8% APRnext payment −$0.90 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Binance−0.020%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.020%, 7d avg −0.001%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5210	0.0100	pay 0.0100% / 8h	7h 52m	$530.6M	$2.21B	100x
Short	Phemex XRPUSDT	1.5207	0.0010	get 0.0010% / 8h	7h 52m	$54.3M	$32.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$18.86
Price spread: −0.020% → −0.001%: −$1.87
Slippage, 4 orders: −$8.61
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$51.34
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Phemex: live order book, 2 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 Binance live order book, 7 min ago	0.33 bp	5.3 bp −$5	6.5 bp −$65	13.2 bp −$1,321	27.5 bp −$13.8K
Sell Phemex live order book, 2 min ago	2.30 bp	9.1 bp −$9	13.0 bp −$130	18.8 bp −$1,879	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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5208	−0.016%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5206	−0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5217	+0.047%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5200	−0.066%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5209	−0.007%	$7.7M	$23.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5204	−0.042%	$247K	—	150x	as long as short
Phemex XRPUSDTshort	+0.0010%	8h	1.5207	−0.020%	$54.3M	$32.6M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.301%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5220	+0.068%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5207	−0.017%	$2.8M	$14.5M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5210	0.000%	$607K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5217	+0.046%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5221	+0.076%	$999K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5211	+0.008%	$38.6M	$85.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5215	+0.033%	$612K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5210	long leg	$530.6M	$2.21B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5206	−0.026%	$353.0M	$949.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5208	−0.013%	$126.9M	$861.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5203	−0.046%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5225	+0.099%	$144K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.135%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5209	−0.007%	$379.3M	$151.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5215	+0.033%	$312.8M	$911.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5212	+0.016%	$106.6M	$183.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5212	+0.013%	$269.8M	$387.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5212	+0.013%	—	$108.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5181	−0.191%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5166	−0.287%	$660K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5217	+0.045%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5166	−0.289%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5225	+0.097%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5223	+0.085%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5217	+0.046%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5213	+0.020%	$78K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	−0.023%	$818K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5225	+0.101%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5205	−0.033%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5213	+0.018%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5217	+0.047%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5202	−0.055%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5209	−0.008%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0113% / S −0.0077%	1h	1.5213	+0.020%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5229	+0.125%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5213	+0.020%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0168%	8h	1.5220	+0.066%	$1.7M	$33.5M	2.9x	as long as short
Hyperliquid XRP	+0.0205%	1h	1.5226	+0.105%	$290.8M	$267.7M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5218	+0.053%	$23.9M	$77.9M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5217	+0.048%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0274%	1h	1.5223	+0.085%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5227	+0.113%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0541%	1h	1.5198	−0.079%	$2K	$16K	10x	as long as short