XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0312%/8h= +34.2% APRnext payment +$0.39 per $10,000 · paid last 24h +0.054%

Price spread now: Hibachi against Phoenix−0.075%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Funding pays, the price is against you. Hibachi is 0.075% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 19 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix XRP	1.5410	0	get 0.0000% / 1h	3m 12s	$69K	$89K	15x
Short	Hibachi XRP/USDT-P	1.5398	0.0312	get 0.0039% / 1h	3m 12s	$19K	$66K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now −0.075%Rate

Funding earned: $65.52
Price spread: −0.075% → 0.000%: −$7.54
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $41.98
Costs to cover: 0.160%
Break-even: 2.5 days

Slippage unknown: Phoenix: no order-book sample; Hibachi: 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 Hibachi no order-book sample	—	—	—	—	—

Phoenix and Hibachi: 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	1.5415	+0.032%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5405	−0.034%	$1.1M	$101K	10x	as long as short
Phoenix XRPlong	0.0000%	1h	1.5410	long leg	$69K	$89K	15x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5422	+0.080%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0009%	1h	1.5430	+0.130%	$9.4M	$24.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.779%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0049%	8h	1.5426	+0.104%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0076% / S +0.0163%	1h	1.5422	+0.076%	$908K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5432	+0.140%	$3.0M	$11.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5433	+0.149%	$446K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5418	+0.055%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5425	+0.100%	$39.3M	$73.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5418	+0.050%	$673K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5430	+0.130%	$555.0M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5430	+0.130%	$347.2M	$853.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5430	+0.130%	$125.6M	$849.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	−0.110%	$573K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5422	+0.078%	$121K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.399%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5417	+0.045%	$367.8M	$134.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5429	+0.123%	$286.5M	$825.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5429	+0.121%	$112.2M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5434	+0.156%	$267.5M	$347.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5428	+0.117%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	−0.001%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5390	−0.127%	$669K	$96.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5398	−0.078%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5386	−0.156%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5410	+0.001%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5421	+0.071%	$51K	$438K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5418	+0.052%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5424	+0.092%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5421	+0.071%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5426	+0.104%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5417	+0.047%	$50.7M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5426	+0.104%	$55.1M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5414	+0.028%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5422	+0.078%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5423	+0.082%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5425	+0.095%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5423	+0.084%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5425	+0.096%	$15.7M	$65.5M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5429	+0.123%	$5.6M	$45.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0203%	1h	1.5444	+0.221%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5418	+0.052%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5434	+0.156%	$24.3M	$69.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0301%	8h	1.5442	+0.208%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-Pshort	+0.0312%	1h	1.5398	−0.075%	$19K	$66K	7x
RISEx XRP/USDC	+0.0431%	1h	1.5425	+0.098%	$405K	$498K	10x	as long as short
Hyperliquid XRP	+0.0516%	1h	1.5433	+0.149%	$284.2M	$190.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0572%	1h	1.5424	+0.093%	$1K	$11K	10x	as long as short