Funding you earn now, next payment 22:00 UTC+0.0416%/8h= +45.5% APRpaid last 24h −0.023%
Price spread now: Phoenix against BingX+0.441%49s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Phoenix is 0.441% dearer against BingX than usual: you sell high and buy low: +$44 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.198%, so the current rate has only just turned in your favour. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.198% in total (about -10.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XRP-USDC | 1.5661 | 0.0100 | pay 0.0100% / 8h | 1h 38m | — | $3.7M | — |
| Short | Phoenix XRP | 1.5730 | 0.0516 | get 0.0064% / 1h | 38m 35s | $70K | $90K | 15x |
BingX XRP-USDC
Phoenix XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BingX. 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
- $87.32
- Price spread: +0.441% → 0.000%
- $44.06
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $114.38
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 11 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 BingX live order book, 11 min ago | 0.96 bp | 9.5 bp −$9 | 12.2 bp −$122 | 25.0 bp −$2,496 | 85.9 bp −$43.0K |
| 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 | 1.5649 | −0.077% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5650 | −0.073% | $1.1M | $104K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5639 | −0.140% | $9.7M | $25.1M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5637 | −0.155% | $262K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −2.369% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5651 | −0.062% | $15.6M | $67.9M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0053% | 8h | 1.5634 | −0.172% | $81K | $938K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0081% / S +0.0136% | 1h | 1.5634 | −0.174% | $921K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5662 | +0.008% | $3.1M | $11.9M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5652 | −0.057% | $462K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5674 | +0.086% | $1.1M | $5.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5660 | −0.008% | $39.8M | $76.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5655 | −0.040% | $675K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5676 | +0.098% | $565.9M | $1.94B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5678 | +0.109% | $353.3M | $878.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5669 | +0.051% | $127.9M | $875.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5693 | +0.204% | $584K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5671 | +0.064% | $120K | $729K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5683 | +0.140% | $1.7M | $616K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5671 | +0.064% | $376.6M | $137.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5666 | +0.032% | $296.9M | $834.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5645 | −0.102% | $115.1M | $156.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5674 | +0.083% | $272.4M | $356.9M | 125x | as long as short |
| BingX XRP-USDClong | +0.0100% | 8h | 1.5661 | long leg | — | $3.7M | — | |
| Variational Omni XRP | +0.0100% | 8h | 1.5690 | +0.183% | $12.0M | $29.9M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5681 | +0.126% | $681K | $99.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5652 | −0.056% | $1.1M | $41.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5674 | +0.083% | $1.0M | $879K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5660 | −0.008% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5649 | −0.077% | $47K | $444K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5635 | −0.165% | $42K | $63K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5638 | −0.147% | $842K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5642 | −0.118% | $131K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5645 | −0.102% | $31K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5644 | −0.109% | $51.4M | $15.2M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5654 | −0.045% | $55.7M | $29.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5673 | +0.075% | $489K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5675 | +0.089% | $13K | $249K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5669 | +0.050% | $2.2M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5636 | −0.159% | $73K | $40K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0120% | 1h | 1.5683 | +0.140% | $18K | $81K | 7x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5675 | +0.089% | $9K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5644 | −0.109% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5660 | −0.006% | $5.8M | $46.8M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5633 | −0.179% | $24.5M | $72.9M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0319% | 1h | 1.5661 | 0.000% | $1.8M | $972K | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0330% | 8h | 1.5654 | −0.045% | $1.9M | $32.2M | 2.9x | as long as short |
| Phoenix XRPshort | +0.0516% | 1h | 1.5730 | +0.441% | $70K | $90K | 15x | |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5676 | +0.095% | $512K | $615K | 10x | as long as short |
| Hyperliquid XRP | +0.0624% | 1h | 1.5665 | +0.026% | $292.0M | $199.2M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0643% | 1h | 1.5669 | +0.049% | $1K | $11K | 10x | as long as short |
Nado XRP-PERP
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
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
Hibachi XRP/USDT-P
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD