XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.057%

Price spread now: Hotstuff against Phoenix+0.481%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Hotstuff is 0.481% dearer against Phoenix than usual: you sell high and buy low (spread +0.481% now, against zero (this spread has no 7-day history yet)): +$48 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix XRP	1.4980	0	get 0.0000% / 1h	21m 01s	$67K	$110K	15x
Short	Hotstuff XRP-PERP	1.5052	−0.0080	pay 0.0010% / 1h	21m 01s	$5K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.481%Rate

Funding earned: −$16.8
Price spread: +0.481% → 0.000%: $48.06
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $19.26
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Phoenix: live order book, 7 min ago; Hotstuff: 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 live order book, 7 min ago	6.67 bp	36.3 bp −$36	96.3 bp −$963	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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-PERPshort	−0.0080%	1h	1.5052	+0.481%	$5K	$3K	20x
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5043	+0.421%	$14.1M	$74.6M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5050	+0.465%	$1.1M	$130K	10x	as long as short
Phoenix XRPlong	0.0000%	1h	1.4980	long leg	$67K	$110K	15x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5047	+0.447%	$243K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0016%	1h	1.5046	+0.441%	$7.7M	$25.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.872%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5044	+0.430%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5066	+0.574%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5046	+0.440%	$2.8M	$15.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5050	+0.467%	$544K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5053	+0.487%	$10K	$359K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5064	+0.558%	$985K	$6.3M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5075	+0.634%	$287.6M	$261.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5063	+0.553%	$38.3M	$87.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5057	+0.515%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5064	+0.561%	$523.4M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5063	+0.554%	$342.7M	$963.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5066	+0.574%	$125.0M	$881.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.4996	+0.107%	$560K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5067	+0.581%	$144K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	+0.310%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5060	+0.534%	$369.6M	$159.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5067	+0.581%	$285.2M	$922.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5064	+0.558%	$105.0M	$180.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5065	+0.567%	$264.7M	$397.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5054	+0.494%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5046	+0.440%	$4.7M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5000	+0.133%	$651K	$113.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5028	+0.320%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5002	+0.147%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5068	+0.587%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5054	+0.494%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5047	+0.447%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5043	+0.421%	$809K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5051	+0.476%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5046	+0.441%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5046	+0.439%	$49.2M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5045	+0.434%	$53.6M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5063	+0.557%	$470K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5060	+0.534%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5060	+0.537%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5042	+0.412%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0174%	8h	1.5065	+0.567%	$1.7M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0179%	1h	1.5057	+0.514%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5049	+0.461%	$5.6M	$48.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5040	+0.399%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5054	+0.492%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5051	+0.474%	$23.3M	$76.7M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5065	+0.570%	$518K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0614%	1h	1.5017	+0.248%	$2K	$16K	10x	as long as short