XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0426%/8h= −46.7% APRnext payment −$0.53 per $10,000 · paid last 24h −0.003%

Price spread now: ApeX Omni against Phoenix−0.007%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$880.882% of the position

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$21 on $10k

Price spread, last 4 days (all we have)−0.558%−$56 · spread now −0.007%, 7d avg +0.026%

Together, before fees−0.344%−$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and ApeX Omni is 0.032% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.215%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.215% in total (about 11.2% 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	Phoenix XRP	1.5240	0.0526	pay 0.0066% / 1h	39m 05s	$68K	$110K	15x
Short	ApeX Omni XRPUSDT	1.5239	0.0100	get 0.0013% / 1h	39m 05s	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now −0.007%Rate

Funding earned: −$89.53
Price spread: −0.007% → +0.026%: −$3.23
Slippage, 4 orders: −$71.19
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$180.95
Costs to cover: 0.882%
Break-even: never at this rate

Slippage from Phoenix: live order book, 44 min ago; ApeX Omni: live order book, 5 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 Phoenix live order book, 44 min ago	6.57 bp	35.8 bp −$36	94.7 bp −$947	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 5 min ago	2.95 bp	8.5 bp −$9	15.0 bp −$150	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	1.5216	−0.157%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5196	−0.286%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5206	−0.223%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5215	−0.164%	$7.8M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.100%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5211	−0.193%	$14.6M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5214	−0.174%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5215	−0.164%	$604K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5190	−0.328%	$17K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5216	−0.154%	$1.0M	$6.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5209	−0.203%	$38.6M	$87.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5201	−0.255%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5209	−0.203%	$532.8M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5208	−0.210%	$350.1M	$956.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5210	−0.197%	$128.5M	$875.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5224	−0.105%	$567K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5200	−0.262%	$144K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.328%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5206	−0.223%	$379.2M	$160.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5210	−0.197%	$314.1M	$921.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5215	−0.161%	$106.7M	$184.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5206	−0.223%	$268.9M	$392.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5206	−0.223%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5226	−0.095%	$5.0M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5231	−0.059%	$662K	$113.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5233	−0.043%	$1.1M	$35.0M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5239	−0.007%	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5218	−0.144%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5215	−0.164%	$50K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5214	−0.170%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5212	−0.184%	$78K	$688K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5218	−0.143%	$819K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5218	−0.142%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5210	−0.197%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5215	−0.165%	$49.7M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5215	−0.164%	$54.4M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5198	−0.275%	$474K	$55K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0101% / S −0.0060%	1h	1.5211	−0.191%	$785K	—	200x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5205	−0.233%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5195	−0.295%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5208	−0.208%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0112%	1h	1.5219	−0.136%	$17K	$78K	7x	as long as short
Hyperliquid XRP	+0.0143%	1h	1.5219	−0.138%	$290.3M	$267.6M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0160%	1h	1.5219	−0.138%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5214	−0.171%	$5.7M	$48.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0199%	8h	1.5214	−0.171%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5211	−0.189%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5207	−0.217%	$23.6M	$77.8M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5200	−0.264%	$522K	$807K	10x	as long as short
Phoenix XRPlong	+0.0526%	1h	1.5240	long leg	$68K	$110K	15x
Aftermath Perps XRPUSD	+0.0636%	1h	1.5227	−0.087%	$2K	$16K	10x	as long as short