Funding you earn now, next payment 22:00 UTC−0.0416%/8h= −45.5% APRnext payment −$0.52 per $10,000 · paid last 24h +0.023%
Price spread now: Bullet against Phoenix−0.450%62s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bullet is 0.450% cheaper against Phoenix than usual: you would sell low and buy high (−$45 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XRP | 1.5570 | 0.0516 | pay 0.0064% / 1h | 32m 09s | $69K | $90K | 15x |
| Short | Bullet XRP-USD | 1.5500 | 0.0100 | get 0.0013% / 1h | 32m 09s | $42K | $65K | 20x |
Phoenix XRP
Bullet XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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: −0.450% → 0.000%
- −$44.96
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$147.27
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Bullet: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Bullet no order-book sample | — | — | — | — | — |
Phoenix and Bullet: 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 | 1.5521 | −0.315% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5517 | −0.337% | $1.1M | $104K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5499 | −0.456% | $9.6M | $25.2M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5498 | −0.459% | $259K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −1.798% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5509 | −0.391% | $15.6M | $68.4M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0053% | 8h | 1.5496 | −0.475% | $77K | $941K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0082% / S +0.0128% | 1h | 1.5498 | −0.464% | $913K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5502 | −0.437% | $3.0M | $12.0M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5512 | −0.373% | $455K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
GMX XRP/USD [ETH-USDC]
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 | 1.5498 | −0.459% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5504 | −0.427% | $39.2M | $77.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5522 | −0.308% | $670K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5506 | −0.409% | $558.4M | $1.96B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5504 | −0.424% | $347.8M | $886.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5488 | −0.527% | $127.2M | $871.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5515 | −0.353% | $580K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5520 | −0.321% | $117K | $736K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5683 | +0.726% | $1.7M | $616K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5493 | −0.495% | $373.1M | $139.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5505 | −0.417% | $291.2M | $842.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5509 | −0.391% | $113.6M | $158.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5488 | −0.527% | $270.0M | $359.9M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5497 | −0.469% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5595 | +0.159% | $11.8M | $30.1M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5564 | −0.041% | $677K | $100.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5554 | −0.100% | $1.1M | $41.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5582 | +0.077% | $1.0M | $881K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5495 | −0.482% | $46K | $445K | 20x | as long as short |
| Bullet XRP-USDshort | +0.0100% | 1h | 1.5500 | −0.450% | $42K | $65K | 20x | |
| Derive XRP-PERP | +0.0100% | 1h | 1.5498 | −0.460% | $834K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5509 | −0.392% | $130K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5500 | −0.450% | $32K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5491 | −0.506% | $50.9M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5508 | −0.398% | $55.3M | $29.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5505 | −0.416% | — | $10K | 10x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5521 | −0.317% | $484K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5513 | −0.366% | $12K | $250K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5493 | −0.494% | $2.2M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5496 | −0.476% | $72K | $40K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0160% | 1h | 1.5528 | −0.271% | $18K | $81K | 7x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5515 | −0.353% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5497 | −0.471% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5512 | −0.373% | $5.8M | $46.8M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5518 | −0.334% | $24.6M | $73.3M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0260% | 1h | 1.5501 | −0.443% | $1.8M | $994K | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0317% | 8h | 1.5521 | −0.315% | $1.9M | $32.5M | 2.9x | as long as short |
| Phoenix XRPlong | +0.0516% | 1h | 1.5570 | long leg | $69K | $90K | 15x | |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5522 | −0.307% | $509K | $623K | 10x | as long as short |
| Hyperliquid XRP | +0.0596% | 1h | 1.5510 | −0.385% | $289.8M | $200.5M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0709% | 1h | 1.5580 | +0.063% | $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
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
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
Hibachi XRP/USDT-P
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD