Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Phemex+0.033%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$330.326% of the position
Funding, last 7 days+0.185%+$18 on $10k
+Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.033%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.025% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XRPUSDT | 1.5220 | 0.0100 | pay 0.0100% / 8h | 5h 11m | $54.1M | $30.0M | 50x |
| Short | BloFin XRP-USDT | 1.5225 | 0.0220 | get 0.0220% / 8h | 5h 11m | $24.3M | $75.5M | 125x |
Phemex XRPUSDT
BloFin XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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: +0.033% → +0.008%
- $2.48
- Slippage, 4 orders
- −$8.61
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$4.93
- Costs to cover
- 0.326%
- Break-even
- 8.4 days
Slippage from Phemex: live order book, 3 min ago; BloFin: live order book, 3 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 Phemex live order book, 3 min ago | 0.33 bp | 9.2 bp −$9 | 12.4 bp −$124 | 21.4 bp −$2,140 | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.33 bp | 6.3 bp −$6 | 6.4 bp −$64 | 12.4 bp −$1,235 | 23.1 bp −$11.6K |
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 | 1.5195 | −0.164% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5195 | −0.167% | $1.1M | $110K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5215 | −0.032% | $254K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.234% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0033% / S +0.0038% | 1h | 1.5210 | −0.063% | $797K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5210 | −0.066% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0076% | 8h | 1.5220 | 0.000% | $62K | $935K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0078% | 1h | 1.5227 | +0.046% | $7.7M | $25.5M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5223 | +0.022% | $2.8M | $14.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5226 | +0.039% | $515K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5199 | −0.138% | $10K | $311K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5210 | −0.062% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5222 | +0.013% | $282.9M | $223.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5216 | −0.029% | $38.5M | $83.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5203 | −0.115% | $610K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5224 | +0.026% | $537.7M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5223 | +0.020% | $347.1M | $929.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5226 | +0.039% | $126.2M | $874.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5180 | −0.263% | $565K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5211 | −0.059% | $114K | $712K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5223 | +0.020% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5215 | −0.033% | $369.1M | $153.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5223 | +0.020% | $296.2M | $903.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5211 | −0.057% | $109.1M | $171.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5221 | +0.007% | $269.9M | $380.6M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5203 | −0.112% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5260 | +0.260% | $6.0M | $36.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5211 | −0.060% | $661K | $107.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5201 | −0.126% | $1.1M | $35.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5221 | +0.007% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5209 | −0.074% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5212 | −0.053% | $42K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5212 | −0.050% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5221 | +0.004% | $819K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5214 | −0.039% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5222 | +0.013% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5189 | −0.201% | $49.7M | $15.6M | 75x | as long as short |
| Phemex XRPUSDTlong | +0.0100% | 8h | 1.5220 | long leg | $54.1M | $30.0M | 50x | |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5200 | −0.133% | $474K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5219 | −0.004% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5221 | +0.006% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0189% | 1h | 1.5201 | −0.125% | $1.9M | $1.3M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0208% | 1h | 1.5207 | −0.082% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5210 | −0.066% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5223 | +0.020% | $5.6M | $46.7M | 50x | as long as short |
| BloFin XRP-USDTshort | +0.0220% | 8h | 1.5225 | +0.033% | $24.3M | $75.5M | 125x | |
| Kraken Futures PF_XRPUSD | +0.0272% | 1h | 1.5223 | +0.019% | $14.4M | $73.2M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0345% | 8h | 1.5226 | +0.039% | $2.1M | $34.6M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5213 | −0.045% | $518K | $778K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5220 | 0.000% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0656% | 1h | 1.5218 | −0.011% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
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-USDC
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
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Kraken Futures PF_XRPUSD
Kalshi KXXRPPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD