Funding you earn now, next payment 06:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h −0.089%
Price spread now: GMX against Phemex+0.014%7-day average +0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.248%−$25 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.014%, 7d avg +0.020%
=The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XRPUSDT | 1.5075 | 0.0100 | pay 0.0100% / 8h | 2h 34m | $53.7M | $31.8M | 50x |
| Short | GMX XRP/USD [ETH-USDC] | 1.5077 | L +0.0069% / S −0.0013% | get 0.0002% / 1h | 34m 44s | $789K | — | 200x |
Phemex XRPUSDT
GMX XRP/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$18.27
- Price spread: +0.014% → +0.020%
- −$0.6
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$42.87
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 4 min ago; GMX: no order-book sample. 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 Phemex live order book, 4 min ago | 0.33 bp | 10.8 bp −$11 | 14.8 bp −$148 | 23.9 bp −$2,395 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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-PERP | −0.0080% | 1h | 1.5077 | +0.013% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5079 | +0.025% | $14.2M | $75.2M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5042 | −0.220% | $1.1M | $115K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5070 | −0.033% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5084 | +0.060% | $7.6M | $25.7M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5077 | +0.017% | $258K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.217% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC]short | L +0.0069% / S −0.0013% | 1h | 1.5077 | +0.014% | $789K | — | 200x | |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5081 | +0.040% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5043 | −0.215% | $2.8M | $14.9M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
01 Exchange XRPUSD
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5045 | −0.199% | $495K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5066 | −0.060% | $11K | $359K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5077 | +0.016% | $917K | $6.3M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5054 | −0.139% | $288.7M | $258.7M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5043 | −0.214% | $38.4M | $86.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5044 | −0.203% | $603K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5041 | −0.226% | $527.3M | $2.19B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5043 | −0.212% | $341.6M | $957.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5043 | −0.212% | $124.4M | $890.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5036 | −0.259% | $560K | $31K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5082 | +0.046% | $136K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5057 | −0.120% | $1.6M | $30K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5050 | −0.166% | $368.6M | $157.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5043 | −0.212% | $286.2M | $911.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5044 | −0.203% | $106.4M | $180.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5040 | −0.232% | $265.6M | $396.5M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5051 | −0.159% | — | $105.6M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5067 | −0.052% | $4.7M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5056 | −0.125% | $654K | $111.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5067 | −0.054% | $1.1M | $37.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5062 | −0.086% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5078 | +0.023% | — | $13K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5082 | +0.046% | $51K | $493K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5077 | +0.010% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5080 | +0.033% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5078 | +0.022% | $811K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5084 | +0.062% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5080 | +0.033% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5080 | +0.032% | $49.3M | $15.8M | 75x | as long as short |
| Phemex XRPUSDTlong | +0.0100% | 8h | 1.5075 | long leg | $53.7M | $31.8M | 50x | |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5052 | −0.155% | $469K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5049 | −0.176% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5078 | +0.021% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0123% | 8h | 1.5083 | +0.053% | $1.7M | $35.7M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0176% | 1h | 1.5077 | +0.013% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5085 | +0.066% | $5.6M | $48.5M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0216% | 1h | 1.5065 | −0.066% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5078 | +0.020% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5079 | +0.027% | $23.5M | $76.2M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5082 | +0.045% | $514K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0599% | 1h | 1.5069 | −0.043% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
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-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD