XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.017%

Price spread now: Pacifica against Phoenix−0.025%107s7-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 Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

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

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

Funding pays, the price is against you. Pacifica is 0.025% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$3 a day). The two prices were read 107 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	1.5330	0	get 0.0000% / 1h	3m 40s	$68K	$90K	15x
Short	Pacifica XRP	1.5326	0.0100	get 0.0013% / 1h	3m 40s	$631K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.025%Rate

Funding earned: $21
Price spread: −0.025% → 0.000%: −$2.45
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $3.55
Costs to cover: 0.150%
Break-even: 5.8 days

Slippage unknown: Phoenix: no order-book sample; Pacifica: live order book, just now. 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 Pacifica live order book, just now	0.98 bp	5.0 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit

Phoenix: 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	1.5315	−0.098%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5322	−0.055%	$1.1M	$113K	10x	as long as short
Phoenix XRPlong	0.0000%	1h	1.5330	long leg	$68K	$90K	15x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5327	−0.018%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0091%	1h	1.5326	−0.028%	$840K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5328	−0.013%	$9.3M	$25.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5325	−0.030%	$15.0M	$69.9M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5330	0.000%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.500%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5325	−0.031%	$2.8M	$13.8M	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	1.5329	−0.007%	$511K	$3.3M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5328	−0.010%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5322	−0.049%	$38.8M	$82.4M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5326	−0.025%	$631K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5324	−0.042%	$540.8M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5325	−0.033%	$338.8M	$930.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5325	−0.033%	$125.2M	$882.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5324	−0.039%	$570K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5327	−0.020%	$117K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5333	+0.020%	$1.7M	$570K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5323	−0.046%	$361.4M	$149.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5324	−0.039%	$299.7M	$899.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5323	−0.046%	$108.4M	$166.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5324	−0.039%	$267.7M	$377.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5321	−0.059%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5290	−0.258%	$8.2M	$33.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5317	−0.082%	$665K	$105.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5343	+0.085%	$1.1M	$40.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5301	−0.189%	$1.0M	$901K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5320	−0.067%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5331	+0.007%	$46K	$456K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5328	−0.010%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5331	+0.006%	$825K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5330	0.000%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5325	−0.033%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5329	−0.006%	$50.3M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5325	−0.033%	$54.6M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5323	−0.042%	$478K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5326	−0.026%	$11K	$270K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5321	−0.061%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5326	−0.027%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5329	−0.007%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5326	−0.023%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5301	−0.189%	$24.1M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5336	+0.039%	$5.8M	$46.8M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0263%	1h	1.5331	+0.007%	$1.7M	$1.1M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5295	−0.229%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0312%	8h	1.5325	−0.033%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0558%	1h	1.5339	+0.059%	$290.1M	$215.9M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5328	−0.013%	$529K	$744K	10x	as long as short
Aftermath Perps XRPUSD	+0.0789%	1h	1.5332	+0.014%	$1K	$11K	10x	as long as short