Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.027%
Price spread now: BloFin against Phoenix+0.118%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$860.862% of the position
Funding, last 7 days+0.330%+$33 on $10k
+Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.118%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.111% dearer against Phoenix than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XRP | 1.5200 | 0 | get 0.0000% / 1h | 52m 05s | $68K | $110K | 15x |
| Short | BloFin XRP-USDT | 1.5218 | 0.0220 | get 0.0220% / 8h | 7h 52m | $23.9M | $77.9M | 125x |
Phoenix XRP
BloFin XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $46.2
- Price spread: +0.118% → +0.007%
- $11.14
- Slippage, 4 orders
- −$67.19
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$28.86
- Costs to cover
- 0.862%
- Break-even
- 11.4 days
Slippage from Phoenix: live order book, 26 min ago; BloFin: live order book, 7 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, 26 min ago | 6.58 bp | 35.9 bp −$36 | 95.0 bp −$950 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 7 min ago | 0.99 bp | 7.4 bp −$7 | 7.7 bp −$77 | 11.8 bp −$1,183 | 27.6 bp −$13.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XRPUSD | −0.0171% | 1h | 1.5208 | +0.050% | $14.8M | $76.0M | 50x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5206 | +0.039% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5217 | +0.113% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRPlong | 0.0000% | 1h | 1.5200 | long leg | $68K | $110K | 15x | |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5209 | +0.059% | $7.7M | $23.9M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5204 | +0.024% | $247K | — | 150x | as long as short |
| Phemex XRPUSDT | +0.0010% | 8h | 1.5207 | +0.046% | $54.3M | $32.6M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.368% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0064% | 1h | 1.5220 | +0.134% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5207 | +0.048% | $2.8M | $14.5M | 20x | as long as short |
Kraken Futures PF_XRPUSD
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Phemex XRPUSDT
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
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 | 1.5210 | +0.066% | $607K | $3.1M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5217 | +0.112% | $20K | $382K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5221 | +0.141% | $999K | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5211 | +0.074% | $38.6M | $85.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5215 | +0.099% | $612K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5210 | +0.066% | $530.6M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5206 | +0.039% | $353.0M | $949.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5208 | +0.053% | $126.9M | $861.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5203 | +0.020% | $565K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5225 | +0.164% | $144K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | −0.069% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5209 | +0.059% | $379.3M | $151.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5215 | +0.099% | $312.8M | $911.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5212 | +0.082% | $106.6M | $183.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5212 | +0.079% | $269.8M | $387.1M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5212 | +0.079% | — | $108.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5181 | −0.125% | $4.8M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5166 | −0.221% | $660K | $112.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5217 | +0.111% | $1.1M | $33.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5166 | −0.224% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5225 | +0.163% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5223 | +0.151% | $52K | $514K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5217 | +0.112% | $41K | $68K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5213 | +0.086% | $78K | $689K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5206 | +0.042% | $818K | $77K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5225 | +0.167% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5205 | +0.033% | $28K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5213 | +0.084% | $49.7M | $15.2M | 75x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5217 | +0.112% | $474K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5202 | +0.011% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5209 | +0.057% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0113% / S −0.0077% | 1h | 1.5213 | +0.085% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0128% | 1h | 1.5229 | +0.191% | $9K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5213 | +0.086% | $5.6M | $48.0M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0168% | 8h | 1.5220 | +0.132% | $1.7M | $33.5M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0205% | 1h | 1.5226 | +0.171% | $290.8M | $267.7M | 20x | as long as short |
| BloFin XRP-USDTshort | +0.0220% | 8h | 1.5218 | +0.118% | $23.9M | $77.9M | 125x | |
| Reya XRPRUSDPERP | +0.0221% | 1h | 1.5217 | +0.113% | $1.3M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERP | +0.0274% | 1h | 1.5223 | +0.151% | $2.0M | $1.4M | 25x | as long as short |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5227 | +0.179% | $522K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0541% | 1h | 1.5198 | −0.013% | $2K | $16K | 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
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
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Hyperliquid XRP
Reya XRPRUSDPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD