XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.005%

Price spread now: Phoenix against Extended+0.110%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$780.776% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 4 days (all we have)+0.393%+$39 · spread now +0.110%, 7d avg +0.040%

Together, before fees+0.157%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.070% dearer against Extended than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of +0.040%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XRP-USD	1.5133	0.0104	pay 0.0013% / 1h	56m 48s	$2.0M	$6.8M	50x
Short	Phoenix XRP	1.5150	0	get 0.0000% / 1h	56m 48s	$67K	$110K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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 ExtendedbpFee PhoenixbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$21.84
Price spread: +0.110% → +0.040%: $6.98
Slippage, 4 orders: −$65.65
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$92.51
Costs to cover: 0.776%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Phoenix: live order book, 41 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 Extended live order book, 2 min ago	0.33 bp	2.8 bp −$3	5.1 bp −$51	doesn't fit	doesn't fit
Sell Phoenix live order book, 41 min ago	6.59 bp	35.9 bp −$36	83.8 bp −$838	doesn't fit	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5149	+0.103%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5153	+0.131%	$1.1M	$111K	10x	as long as short
Phoenix XRPshort	0.0000%	1h	1.5150	+0.110%	$67K	$110K	15x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5141	+0.052%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5141	+0.050%	$7.7M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5137	+0.026%	$14.3M	$73.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.819%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0048% / S +0.0018%	1h	1.5141	+0.050%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0095%	8h	1.5140	+0.044%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5134	+0.004%	$2.8M	$14.6M	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	1.5143	+0.064%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5134	+0.004%	$10K	$331K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5139	+0.040%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5139	+0.036%	$38.3M	$83.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5155	+0.146%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5134	+0.004%	$532.3M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5135	+0.011%	$346.4M	$938.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5136	+0.017%	$127.7M	$877.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5138	+0.031%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5147	+0.090%	$118K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.128%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5134	+0.004%	$369.8M	$152.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5136	+0.017%	$292.5M	$895.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5140	+0.042%	$107.9M	$175.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5133	−0.002%	$268.0M	$386.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5136	+0.017%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5154	+0.135%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5146	+0.084%	$658K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5141	+0.050%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5151	+0.116%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5142	+0.057%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5144	+0.070%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5141	+0.048%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5145	+0.077%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5139	+0.037%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5141	+0.050%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5140	+0.044%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5151	+0.115%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5143	+0.061%	—	$11K	10x	as long as short
Extended XRP-USDlong	+0.0104%	1h	1.5133	long leg	$2.0M	$6.8M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5136	+0.018%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5144	+0.070%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0129%	1h	1.5146	+0.083%	$280.2M	$228.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5147	+0.090%	$5.6M	$47.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5142	+0.056%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5140	+0.045%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5140	+0.044%	$24.2M	$76.1M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0242%	1h	1.5147	+0.090%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0244%	8h	1.5151	+0.116%	$2.0M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5146	+0.085%	$516K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0671%	1h	1.5149	+0.101%	$2K	$15K	10x	as long as short