XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Kraken Futures against Phoenix+0.058%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$910.905% of the position

Long on Phoenix Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.058%, 7d avg +0.007%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.051% dearer against Phoenix than usual: you sell high and buy low, +$5 on $10k if it 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	1.5070	0	get 0.0000% / 1h	34m 44s	$67K	$110K	15x
Short	Kraken Futures PF_XRPUSD	1.5079	−0.0001	pay 0.0000% / 1h	34m 44s	$14.2M	$75.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$0.22
Price spread: +0.058% → +0.007%: $5.09
Slippage, 4 orders: −$73.55
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$85.68
Costs to cover: 0.905%
Break-even: never at this rate

Slippage from Phoenix: live order book, 58 min ago; Kraken Futures: live order book, 4 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, 58 min ago	6.56 bp	35.7 bp −$36	94.5 bp −$945	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	3.32 bp	10.1 bp −$10	12.4 bp −$124	23.6 bp −$2,365	50.3 bp −$25.1K

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	1.5077	+0.046%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSDshort	−0.0001%	1h	1.5079	+0.058%	$14.2M	$75.2M	50x
dYdX XRP-USD	0.0000%	1h	1.5042	−0.187%	$1.1M	$115K	10x	as long as short
Phoenix XRPlong	0.0000%	1h	1.5070	long leg	$67K	$110K	15x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5084	+0.093%	$7.6M	$25.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5077	+0.050%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.251%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5077	+0.047%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5081	+0.073%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5043	−0.182%	$2.8M	$14.9M	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	1.5045	−0.166%	$495K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5066	−0.027%	$11K	$359K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5077	+0.049%	$917K	$6.3M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5054	−0.106%	$288.7M	$258.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5043	−0.181%	$38.4M	$86.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5044	−0.170%	$603K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5041	−0.192%	$527.3M	$2.19B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5043	−0.179%	$341.6M	$957.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5043	−0.179%	$124.4M	$890.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5036	−0.226%	$560K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5082	+0.080%	$136K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5057	−0.087%	$1.6M	$30K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5050	−0.133%	$368.6M	$157.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5043	−0.179%	$286.2M	$911.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5044	−0.170%	$106.4M	$180.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5040	−0.199%	$265.6M	$396.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5051	−0.126%	—	$105.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5067	−0.019%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5056	−0.092%	$654K	$111.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5067	−0.020%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5062	−0.053%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5078	+0.056%	—	$13K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5082	+0.080%	$51K	$493K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5077	+0.043%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5080	+0.066%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5078	+0.055%	$811K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5084	+0.096%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5080	+0.066%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5080	+0.065%	$49.3M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5075	+0.033%	$53.7M	$31.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5052	−0.122%	$469K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5049	−0.143%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5078	+0.055%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0123%	8h	1.5083	+0.086%	$1.7M	$35.7M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0176%	1h	1.5077	+0.046%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5085	+0.100%	$5.6M	$48.5M	50x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5065	−0.033%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5078	+0.053%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5079	+0.060%	$23.5M	$76.2M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5082	+0.078%	$514K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0599%	1h	1.5069	−0.010%	$2K	$15K	10x	as long as short