XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0431%/8h= +47.2% APRnext payment +$0.54 per $10,000 · paid last 24h +0.123%

Price spread now: RISEx against Phoenix−0.161%110s7-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 RISEx

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. RISEx is 0.161% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 30 hours of funding at the current rate (+$13 a day). The two prices were read 110 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	1.5450	0	get 0.0000% / 1h	3m 31s	$69K	$89K	15x
Short	RISEx XRP/USDC	1.5425	0.0431	get 0.0054% / 1h	3m 31s	$405K	$498K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.161%Rate

Funding earned: $90.45
Price spread: −0.161% → 0.000%: −$16.11
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $61.35
Costs to cover: 0.130%
Break-even: 2.3 days

Slippage unknown: Phoenix: no order-book sample; RISEx: live order book, 20 min ago. 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 RISEx live order book, 20 min ago	3.44 bp	6.4 bp −$6	14.4 bp −$144	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	1.5415	−0.227%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5405	−0.293%	$1.1M	$101K	10x	as long as short
Phoenix XRPlong	0.0000%	1h	1.5450	long leg	$69K	$89K	15x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5391	−0.380%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5397	−0.343%	$9.4M	$24.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−1.036%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0048%	8h	1.5395	−0.356%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0076% / S +0.0164%	1h	1.5390	−0.387%	$906K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5413	−0.238%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5415	−0.227%	$445K	$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	−0.204%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5413	−0.238%	$39.2M	$73.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5418	−0.209%	$673K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5417	−0.214%	$554.5M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5418	−0.207%	$346.9M	$853.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5419	−0.201%	$125.6M	$849.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	−0.369%	$573K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5422	−0.181%	$121K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.139%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5413	−0.239%	$367.7M	$134.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5412	−0.246%	$286.6M	$825.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5414	−0.234%	$112.1M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5417	−0.214%	$267.3M	$347.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5414	−0.233%	—	$114.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	−0.260%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5390	−0.386%	$669K	$96.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5398	−0.336%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5386	−0.414%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5410	−0.258%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5421	−0.188%	$51K	$438K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5394	−0.364%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5392	−0.378%	$829K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5398	−0.335%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5393	−0.369%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5389	−0.395%	$50.6M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5393	−0.369%	$55.0M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5414	−0.231%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5422	−0.181%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5414	−0.234%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5393	−0.372%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5423	−0.175%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5393	−0.371%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5401	−0.317%	$5.6M	$44.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0199%	1h	1.5401	−0.317%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5418	−0.207%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5396	−0.350%	$24.2M	$69.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5414	−0.233%	$1.8M	$31.9M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5387	−0.406%	$19K	$66K	7x	as long as short
RISEx XRP/USDCshort	+0.0431%	1h	1.5425	−0.161%	$405K	$498K	10x
Hyperliquid XRP	+0.0515%	1h	1.5429	−0.136%	$284.1M	$190.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5417	−0.217%	$1K	$11K	10x	as long as short