Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bulk against Phemex+0.122%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 3 days (all we have)−0.004%$0 on $10k
+Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.122%, 7d avg +0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.097% dearer against Phemex than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XRPUSDT | 1.5171 | 0.0100 | pay 0.0100% / 8h | 6h 23m | $54.0M | $29.8M | 50x |
| Short | Bulk XRP-USD | 1.5190 | 0.0100 | get 0.0013% / 1h | 23m 50s | $1.6M | $330K | 20x |
Phemex XRPUSDT
Bulk XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $0
- Price spread: +0.122% → +0.025%
- $9.72
- Slippage, 4 orders
- −$11.2
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$20.48
- Costs to cover
- 0.302%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Bulk: live order book, just now.
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, 5 min ago | 2.97 bp | 13.4 bp −$13 | 15.7 bp −$157 | 33.6 bp −$3,357 | doesn't fit |
| Sell Bulk live order book, just now | 0.33 bp | 3.8 bp −$4 | 5.9 bp −$59 | 14.7 bp −$1,473 | 31.5 bp −$15.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5170 | −0.007% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5184 | +0.089% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5210 | +0.257% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5166 | −0.032% | $254K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0021% / S +0.0059% | 1h | 1.5166 | −0.033% | $802K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.564% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5169 | −0.010% | $14.6M | $72.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0072% | 8h | 1.5170 | −0.007% | $62K | $953K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5173 | +0.013% | $7.7M | $25.2M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5173 | +0.015% | $2.9M | $14.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Lighter XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5175 | +0.026% | $517K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5154 | −0.112% | $10K | $307K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5164 | −0.049% | $906K | $5.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5175 | +0.025% | $38.6M | $84.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5180 | +0.059% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5179 | +0.053% | $538.4M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5179 | +0.053% | $341.7M | $940.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5177 | +0.040% | $124.5M | $873.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5174 | +0.020% | $565K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5168 | −0.020% | $115K | $700K | 20x | as long as short |
| Bulk XRP-USDshort | +0.0100% | 1h | 1.5190 | +0.122% | $1.6M | $330K | 20x | |
| Gate XRP_USDT | +0.0100% | 8h | 1.5172 | +0.007% | $369.1M | $152.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5173 | +0.013% | $290.3M | $913.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5174 | +0.020% | $107.1M | $171.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5177 | +0.040% | $266.2M | $383.7M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5168 | −0.020% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5199 | +0.185% | $6.2M | $35.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5184 | +0.083% | $659K | $108.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5181 | +0.067% | $1.1M | $37.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5179 | +0.053% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5180 | +0.059% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5174 | +0.020% | $44K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5172 | +0.004% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5172 | +0.005% | $816K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5175 | +0.027% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5171 | 0.000% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5164 | −0.044% | $49.7M | $15.4M | 75x | as long as short |
| Phemex XRPUSDTlong | +0.0100% | 8h | 1.5171 | long leg | $54.0M | $29.8M | 50x | |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5163 | −0.051% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5170 | −0.009% | $2.1M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5168 | −0.017% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0128% | 1h | 1.5167 | −0.026% | $8K | $8K | 10x | as long as short |
| Hyperliquid XRP | +0.0212% | 1h | 1.5183 | +0.079% | $281.0M | $221.5M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5171 | +0.001% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5175 | +0.026% | $5.7M | $46.7M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5203 | +0.211% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0358% | 1h | 1.5180 | +0.059% | $1.9M | $1.3M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0360% | 8h | 1.5182 | +0.073% | $2.1M | $35.7M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5168 | −0.022% | $533K | $785K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0752% | 1h | 1.5176 | +0.030% | $2K | $14K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus 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
01 Exchange XRPUSD
Hyperliquid XRP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD