XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.010%

Price spread now: Bulk against Phoenix−0.389%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$810.806% of the position

Long on Phoenix Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.084%+$8 on $10k

Price spread, last 4 days (all we have)−0.988%−$99 · spread now −0.389%, 7d avg +0.020%

Together, before fees−0.904%−$90 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bulk is 0.409% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.389% now, against its 7-day average of +0.020%). If the spread goes back, that is −$41 on $10k: about 14 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix XRP	1.5160	0	get 0.0000% / 1h	26m 45s	$67K	$110K	15x
Short	Bulk XRP-USD	1.5101	0.0100	get 0.0013% / 1h	26m 45s	$1.6M	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.389%Rate

Funding earned: $21
Price spread: −0.389% → +0.020%: −$40.95
Slippage, 4 orders: −$66.64
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$100.59
Costs to cover: 0.806%
Break-even: 40.5 days

Slippage from Phoenix: live order book, 21 min ago; Bulk: live order book, 2 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, 21 min ago	6.57 bp	35.8 bp −$36	94.8 bp −$948	doesn't fit	doesn't fit
Sell Bulk live order book, 2 min ago	0.99 bp	4.5 bp −$4	4.9 bp −$49	13.7 bp −$1,371	29.3 bp −$14.7K

XRP on 50 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	1.5184	+0.158%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5182	+0.147%	$1.1M	$120K	10x	as long as short
Phoenix XRPlong	0.0000%	1h	1.5160	long leg	$67K	$110K	15x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5184	+0.158%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0060%	1h	1.5184	+0.156%	$804K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.639%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5184	+0.156%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5189	+0.191%	$62K	$953K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5191	+0.205%	$2.8M	$14.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5190	+0.198%	$517K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5173	+0.086%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5188	+0.187%	$890K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5182	+0.142%	$38.6M	$84.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5193	+0.217%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5194	+0.222%	$538.9M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5195	+0.231%	$342.7M	$939.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5201	+0.270%	$124.7M	$874.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	+0.092%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5186	+0.172%	$115K	$700K	20x	as long as short
Bulk XRP-USDshort	+0.0100%	1h	1.5101	−0.389%	$1.6M	$307K	20x
Gate XRP_USDT	+0.0100%	8h	1.5180	+0.132%	$369.4M	$152.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5194	+0.224%	$291.7M	$911.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5185	+0.166%	$107.2M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5183	+0.152%	$266.2M	$383.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5183	+0.152%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5152	−0.052%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5164	+0.027%	$658K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5164	+0.026%	$1.1M	$38.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5179	+0.125%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5187	+0.181%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5191	+0.204%	$44K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5189	+0.191%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5191	+0.203%	$817K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5187	+0.178%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	+0.158%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5186	+0.170%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5178	+0.119%	$54.0M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5195	+0.231%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5172	+0.082%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5185	+0.167%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5190	+0.198%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0211%	1h	1.5190	+0.198%	$7.7M	$25.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5188	+0.185%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5193	+0.218%	$5.7M	$46.8M	50x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5195	+0.231%	$281.2M	$223.4M	20x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5174	+0.095%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0355%	8h	1.5191	+0.204%	$2.1M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0364%	1h	1.5194	+0.224%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5192	+0.210%	$538K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0757%	1h	1.5159	−0.008%	$2K	$14K	10x	as long as short