XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.050%

Price spread now: Phoenix against Hotstuff−0.059%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.059% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff XRP-PERP	1.5159	−0.0080	get 0.0010% / 1h	59m 33s	$5K	$3K	20x
Short	Phoenix XRP	1.5150	0	get 0.0000% / 1h	59m 33s	$67K	$110K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Hotstuff. 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 HotstuffbpFee PhoenixbpOrdersPrice spread, now −0.059%Rate

Funding earned: $16.8
Price spread: −0.059% → 0.000%: −$5.94
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$1.14
Costs to cover: 0.120%
Break-even: 7.5 days

Slippage unknown: Hotstuff: no order-book sample; Phoenix: live order book, 38 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 38 min ago	6.59 bp	35.9 bp −$36	83.8 bp −$838	doesn't fit	doesn't fit

Hotstuff: 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-PERPlong	−0.0080%	1h	1.5159	long leg	$5K	$3K	20x
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5153	−0.037%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5160	+0.007%	$1.1M	$111K	10x	as long as short
Phoenix XRPshort	0.0000%	1h	1.5150	−0.059%	$67K	$110K	15x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5137	−0.146%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5163	+0.026%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.645%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0047% / S +0.0019%	1h	1.5156	−0.019%	$790K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0095%	8h	1.5159	0.000%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5161	+0.012%	$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	1.5160	+0.007%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5145	−0.092%	$10K	$331K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5142	−0.114%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5151	−0.053%	$280.4M	$228.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5159	+0.001%	$38.3M	$83.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5161	+0.013%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5149	−0.065%	$532.8M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5147	−0.079%	$346.6M	$938.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5146	−0.086%	$127.2M	$876.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5138	−0.139%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5155	−0.026%	$117K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.297%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5157	−0.013%	$370.1M	$152.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5141	−0.119%	$292.7M	$895.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5152	−0.043%	$107.9M	$175.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5140	−0.125%	$268.1M	$386.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5154	−0.033%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5154	−0.034%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5150	−0.058%	$658K	$108.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5140	−0.124%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5143	−0.106%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5147	−0.082%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5150	−0.059%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5140	−0.127%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5161	+0.012%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5163	+0.028%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5156	−0.020%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5151	−0.051%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5153	−0.040%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5162	+0.017%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5151	−0.054%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5158	−0.004%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5151	−0.053%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5164	+0.033%	$5.6M	$47.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0195%	1h	1.5162	+0.020%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5157	−0.010%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5137	−0.144%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5152	−0.046%	$24.2M	$76.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5163	+0.026%	$2.0M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5156	−0.020%	$516K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0677%	1h	1.5147	−0.080%	$2K	$15K	10x	as long as short