XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0420%/8h= +46.0% APRnext payment +$0.53 per $10,000 · paid last 24h −0.017%

Price spread now: Phoenix against Pacifica−0.297%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$820.822% of the position

Long on Pacifica Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.212%−$21 on $10k

Price spread, last 3 days (all we have)+0.501%+$50 · spread now −0.297%, 7d avg −0.008%

Together, before fees+0.288%+ Points / potential airdropPacifica: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.289% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.297% now, against its 7-day average of −0.008%). If the spread goes back, that is −$29 on $10k: about 2.3 days of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.212%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.212% in total (about -11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 per $10,000. 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	Pacifica XRP	1.5366	0.0100	pay 0.0013% / 1h	15m 11s	$635K	$1.1M	20x
Short	Phoenix XRP	1.5320	0.0520	get 0.0065% / 1h	15m 11s	$68K	$110K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Pacifica. 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 PacificabpFee PhoenixbpOrdersPrice spread, now −0.297%Rate

Funding earned: $88.3
Price spread: −0.297% → −0.008%: −$28.9
Slippage, 4 orders: −$67.2
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$22.8
Costs to cover: 0.822%
Break-even: 8.8 days

Slippage from Pacifica: live order book, 4 min ago; Phoenix: live order book, 38 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 Pacifica live order book, 4 min ago	0.98 bp	5.0 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit
Sell Phoenix live order book, 38 min ago	6.49 bp	35.5 bp −$35	86.6 bp −$866	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	1.5367	+0.009%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5363	−0.019%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5358	−0.049%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0017% / S +0.0075%	1h	1.5356	−0.062%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.265%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5362	−0.024%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5354	−0.076%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5364	−0.014%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5365	−0.004%	$516K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5357	−0.056%	$9K	$280K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5365	−0.006%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5355	−0.066%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5363	−0.016%	$38.8M	$83.2M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5366	long leg	$635K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5360	−0.034%	$542.8M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5359	−0.043%	$342.5M	$919.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5359	−0.043%	$124.9M	$868.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5317	−0.317%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5368	+0.015%	$117K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.593%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5357	−0.056%	$375.0M	$151.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5360	−0.037%	$307.6M	$911.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5363	−0.016%	$110.7M	$166.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5358	−0.050%	$268.8M	$374.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5358	−0.050%	—	$124.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5332	−0.218%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	−0.346%	$665K	$107.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5336	−0.193%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5325	−0.264%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5355	−0.069%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5367	+0.009%	$49K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5360	−0.039%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5366	+0.004%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5370	+0.027%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5361	−0.030%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5361	−0.029%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5361	−0.030%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5360	−0.036%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5361	−0.029%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0141%	1h	1.5366	+0.002%	$9.3M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5359	−0.041%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5367	+0.009%	$24.1M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5367	+0.009%	$5.8M	$46.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5362	−0.025%	$14.6M	$70.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0304%	1h	1.5368	+0.015%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5337	−0.184%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5366	+0.002%	$2.0M	$34.8M	2.9x	as long as short
Hyperliquid XRP	+0.0382%	1h	1.5372	+0.041%	$289.5M	$214.9M	20x	as long as short
Phoenix XRPshort	+0.0520%	1h	1.5320	−0.297%	$68K	$110K	15x
Aftermath Perps XRPUSD	+0.0790%	1h	1.5337	−0.186%	$2K	$13K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5363	−0.016%	$543K	$773K	10x	as long as short