Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Phemex against BloFin−0.013%59s7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.367% of the position
Funding, last 7 days−0.190%−$19 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.013%, 7d avg −0.005%
=The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 59 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 | BloFin XRP-USDT | 1.5481 | 0.0220 | pay 0.0220% / 8h | 6h 59m | $23.8M | $79.4M | 125x |
| Short | Phemex XRPUSDT | 1.5479 | 0.0100 | get 0.0100% / 8h | 6h 59m | $55.0M | $33.2M | 50x |
BloFin XRP-USDT
Phemex XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. 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
- −$25.2
- Price spread: −0.013% → −0.005%
- −$0.81
- Slippage, 4 orders
- −$12.7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$62.71
- Costs to cover
- 0.367%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Phemex: live order book, 5 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 BloFin live order book, 5 min ago | 2.25 bp | 8.3 bp −$8 | 9.1 bp −$91 | 13.3 bp −$1,331 | 26.1 bp −$13.0K |
| Sell Phemex live order book, 5 min ago | 3.54 bp | 10.1 bp −$10 | 13.6 bp −$136 | 19.6 bp −$1,957 | doesn't fit |
XRP on 50 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 | −0.0168% | 1h | 1.5480 | −0.006% | $14.2M | $73.6M | 50x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5476 | −0.032% | $5K | $3K | 20x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5490 | +0.058% | $70K | $108K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5481 | 0.000% | $8.0M | $22.2M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5479 | −0.016% | $251K | — | 150x | as long as short |
| dYdX XRP-USD | +0.0005% | 1h | 1.5474 | −0.046% | $1.1M | $155K | 10x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +0.510% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0064% | 1h | 1.5479 | −0.016% | $18K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5458 | −0.146% | $2.8M | $14.3M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5463 | −0.116% | $613K | $3.0M | 20x | as long as short |
Kraken Futures PF_XRPUSD
Hotstuff XRP-PERP
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
dYdX XRP-USD
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
Lighter XRP
Lighter RH XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5464 | −0.110% | $20K | $378K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5463 | −0.114% | $482K | $52K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5463 | −0.116% | $1.0M | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5472 | −0.056% | $39.2M | $82.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5462 | −0.121% | $611K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5471 | −0.065% | $539.8M | $2.12B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5473 | −0.052% | $361.3M | $906.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5460 | −0.136% | $125.2M | $849.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5451 | −0.194% | $569K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5466 | −0.097% | $168K | $704K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5432 | −0.315% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5464 | −0.110% | $385.1M | $154.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5458 | −0.149% | $311.0M | $892.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5469 | −0.081% | $109.7M | $180.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5458 | −0.149% | $274.0M | $360.0M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5464 | −0.110% | — | $105.8M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5471 | −0.067% | $4.9M | $38.2M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5486 | +0.032% | $675K | $114.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5484 | +0.016% | $1.1M | $32.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5492 | +0.071% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5467 | −0.090% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5472 | −0.058% | $53K | $502K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5479 | −0.015% | $42K | $66K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5479 | −0.013% | $78K | $623K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5480 | −0.005% | $130K | $1.6M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5477 | −0.026% | $31K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5468 | −0.083% | $50.5M | $14.7M | 75x | as long as short |
| Phemex XRPUSDTshort | +0.0100% | 8h | 1.5479 | −0.013% | $55.0M | $33.2M | 50x | |
| Extended XRP-USD | +0.0104% | 1h | 1.5458 | −0.148% | $2.1M | $5.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5476 | −0.029% | $59K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0120% | 1h | 1.5474 | −0.045% | $9K | $2K | 10x | as long as short |
| Hyperliquid XRP | +0.0133% | 1h | 1.5471 | −0.065% | $298.6M | $266.4M | 20x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0143% / S −0.0109% | 1h | 1.5484 | +0.021% | $830K | — | 200x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5480 | −0.006% | $5.3M | $46.3M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0170% | 8h | 1.5491 | +0.065% | $1.8M | $33.0M | 2.9x | as long as short |
| BloFin XRP-USDTlong | +0.0220% | 8h | 1.5481 | long leg | $23.8M | $79.4M | 125x | |
| Reya XRPRUSDPERP | +0.0222% | 1h | 1.5454 | −0.176% | $1.4M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERP | +0.0234% | 1h | 1.5486 | +0.032% | $2.0M | $1.3M | 25x | as long as short |
| RISEx XRP/USDC | +0.0272% | 1h | 1.5459 | −0.139% | $521K | $795K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0478% | 1h | 1.5481 | +0.002% | $3K | $15K | 10x | as long as short |
Katana Perps XRP-USD
Paradex XRP-USD-PERP
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
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Hyperliquid XRP
GMX XRP/USD [ETH-USDC]
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD