Funding you earn now, next payment 22:00 UTC+0.0416%/8h= +45.5% APRpaid last 24h −0.023%
Price spread now: Phoenix against Phemex−0.258%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.258% cheaper against Phemex than usual: you would sell low and buy high (spread −0.258% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 2.1 days of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.172%, 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 -0.172% in total (about -9.0% a year). A funding rate is set anew for every payment. 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 | Phemex XRPUSDT | 1.5520 | 0.0100 | pay 0.0100% / 8h | 1h 29m | $55.3M | $29.2M | 50x |
| Short | Phoenix XRP | 1.5480 | 0.0516 | get 0.0064% / 1h | 29m 03s | $69K | $90K | 15x |
Phemex XRPUSDT
Phoenix XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $87.32
- Price spread: −0.258% → 0.000%
- −$25.77
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $42.54
- Costs to cover
- 0.190%
- Break-even
- 3.6 days
Slippage unknown: Phemex: live order book, 5 min ago; Phoenix: 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, 5 min ago | 2.89 bp | 13.9 bp −$14 | 34.6 bp −$346 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | 1.5461 | −0.380% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5494 | −0.169% | $1.1M | $104K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5505 | −0.097% | $259K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −1.482% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5511 | −0.056% | $15.4M | $68.8M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0051% / S +0.0124% | 1h | 1.5504 | −0.101% | $1.1M | — | 200x | as long as short |
| Orderly PERP_XRP_USDC | +0.0054% | 8h | 1.5510 | −0.064% | $77K | $942K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0072% | 1h | 1.5514 | −0.039% | $9.5M | $25.3M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5521 | +0.004% | $3.0M | $12.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5520 | 0.000% | $439K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
GMX XRP/USD [ETH-USDC]
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5502 | −0.114% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5508 | −0.076% | $39.2M | $78.0M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5504 | −0.103% | $638K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5518 | −0.010% | $558.3M | $1.96B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5523 | +0.019% | $347.0M | $891.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5523 | +0.019% | $127.1M | $876.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5515 | −0.032% | $577K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5506 | −0.090% | $118K | $739K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5520 | 0.000% | $373.9M | $139.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5522 | +0.013% | $290.5M | $847.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5517 | −0.017% | $113.3M | $158.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5521 | +0.006% | $270.6M | $361.9M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5521 | +0.006% | — | $117.5M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5485 | −0.228% | $11.7M | $30.1M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5531 | +0.072% | $674K | $101.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5464 | −0.363% | $1.1M | $41.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5529 | +0.058% | $1.0M | $882K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5494 | −0.167% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5512 | −0.052% | $45K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5506 | −0.089% | $42K | $65K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5514 | −0.041% | $835K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5518 | −0.012% | $130K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5513 | −0.045% | $29K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5499 | −0.137% | $50.9M | $15.4M | 75x | as long as short |
| Phemex XRPUSDTlong | +0.0100% | 8h | 1.5520 | long leg | $55.3M | $29.2M | 50x | |
| Bulk XRP-USD | +0.0100% | 1h | 1.5477 | −0.279% | $1.7M | $578K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5492 | −0.179% | $483K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5505 | −0.097% | $11K | $255K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5510 | −0.067% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5511 | −0.058% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0176% | 1h | 1.5510 | −0.064% | $8K | $8K | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0176% | 1h | 1.5475 | −0.288% | $18K | $81K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5502 | −0.118% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5516 | −0.026% | $5.9M | $47.0M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5510 | −0.064% | $24.6M | $73.4M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0253% | 1h | 1.5530 | +0.064% | $1.8M | $1.0M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0313% | 8h | 1.5503 | −0.110% | $1.9M | $32.7M | 2.9x | as long as short |
| Phoenix XRPshort | +0.0516% | 1h | 1.5480 | −0.258% | $69K | $90K | 15x | |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5515 | −0.034% | $508K | $629K | 10x | as long as short |
| Hyperliquid XRP | +0.0599% | 1h | 1.5539 | +0.122% | $290.8M | $202.4M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0731% | 1h | 1.5535 | +0.094% | $1K | $11K | 10x | as long as short |
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-USDT
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
Bulk XRP-USD
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD