Funding you earn now, next payment 22:00 UTC−0.0416%/8h= −45.5% APRpaid last 24h +0.023%
Price spread now: Aster against Phoenix−0.239%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+0.148%+$15 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Aster is 0.239% cheaper against Phoenix than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.148%, 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 0.148% in total (about 7.7% 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 | Phoenix XRP | 1.5620 | 0.0516 | pay 0.0064% / 1h | 53m 23s | $70K | $90K | 15x |
| Short | Aster XRPUSDT | 1.5583 | 0.0100 | get 0.0100% / 8h | 1h 53m | $39.8M | $74.5M | 100x |
Phoenix XRP
Aster XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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: −0.239% → 0.000%
- −$23.89
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$126.21
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Aster: live order book, 6 min ago. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 6 min ago | 0.32 bp | 4.4 bp −$4 | 6.2 bp −$62 | 12.8 bp −$1,282 | doesn't fit |
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 | 1.5618 | −0.013% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5587 | −0.214% | $1.1M | $101K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5576 | −0.282% | $9.6M | $25.0M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5578 | −0.269% | $261K | — | 150x | as long as short |
| Hibachi XRP/USDT-P | +0.0032% | 1h | 1.5613 | −0.043% | $19K | $73K | 7x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −2.113% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5570 | −0.320% | $15.5M | $67.0M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0051% | 8h | 1.5577 | −0.275% | $82K | $935K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0079% / S +0.0151% | 1h | 1.5577 | −0.272% | $918K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5600 | −0.129% | $3.0M | $11.6M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Hibachi XRP/USDT-P
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
GMX XRP/USD [ETH-USDC]
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 | 1.5601 | −0.122% | $463K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5591 | −0.189% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDTshort | +0.0100% | 8h | 1.5583 | −0.239% | $39.8M | $74.5M | 100x | |
| Pacifica XRP | +0.0100% | 1h | 1.5595 | −0.161% | $680K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5581 | −0.248% | $564.6M | $1.91B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5571 | −0.314% | $353.4M | $866.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5574 | −0.294% | $127.8M | $866.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5587 | −0.211% | $578K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5592 | −0.179% | $120K | $720K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5455 | −1.059% | $1.7M | $470K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5579 | −0.262% | $371.4M | $134.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5581 | −0.250% | $288.3M | $816.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5588 | −0.203% | $112.9M | $152.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5571 | −0.314% | $269.8M | $351.8M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5579 | −0.262% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5558 | −0.396% | $11.8M | $29.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5597 | −0.146% | $677K | $97.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5625 | +0.032% | $1.1M | $41.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5608 | −0.077% | $1.0M | $881K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5584 | −0.230% | $52K | $436K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5581 | −0.248% | $42K | $62K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5575 | −0.286% | $838K | $71K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5581 | −0.252% | $130K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5571 | −0.314% | $31K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5573 | −0.302% | $51.2M | $15.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5561 | −0.378% | $55.3M | $28.8M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5590 | −0.195% | — | $10K | 10x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5594 | −0.168% | $486K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5589 | −0.198% | $12K | $247K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5571 | −0.313% | $2.2M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5571 | −0.312% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0176% | 1h | 1.5588 | −0.205% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5584 | −0.234% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5579 | −0.262% | $5.7M | $46.0M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5571 | −0.314% | $24.4M | $71.3M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0340% | 8h | 1.5636 | +0.102% | $1.9M | $32.0M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0449% | 1h | 1.5608 | −0.077% | $1.8M | $981K | 25x | as long as short |
| Phoenix XRPlong | +0.0516% | 1h | 1.5620 | long leg | $70K | $90K | 15x | |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5591 | −0.188% | $407K | $529K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0545% | 1h | 1.5551 | −0.442% | $1K | $11K | 10x | as long as short |
| Hyperliquid XRP | +0.0687% | 1h | 1.5608 | −0.077% | $288.6M | $194.2M | 20x | as long as short |
Lighter RH XRP
Nado XRP-PERP
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
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Vest XRP-PERP
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD
Hyperliquid XRP