Funding you earn now, next payment 22:00 UTC−0.0416%/8h= −45.5% APRpaid last 24h +0.023%
Price spread now: Variational Omni against Phoenix−0.256%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Variational Omni is 0.256% cheaper against Phoenix than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XRP | 1.5730 | 0.0516 | pay 0.0064% / 1h | 37m 13s | $70K | $90K | 15x |
| Short | Variational Omni XRP | 1.5690 | 0.0100 | get 0.0100% / 8h | 1h 37m | $12.0M | $29.9M | — |
Phoenix XRP
Variational Omni XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$87.32
- Price spread: −0.256% → 0.000%
- −$25.62
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$119.94
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago | 2.01 bp | doesn't fit | 5.8 bp −$58 | 28.4 bp −$2,835 | 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 | 1.5610 | −0.763% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5594 | −0.867% | $1.1M | $104K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5603 | −0.807% | $9.7M | $25.1M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5598 | −0.836% | $261K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −2.797% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5599 | −0.833% | $15.6M | $68.0M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0053% | 8h | 1.5601 | −0.820% | $78K | $941K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0082% / S +0.0133% | 1h | 1.5606 | −0.787% | $919K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5604 | −0.804% | $3.0M | $11.9M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5606 | −0.788% | $458K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5589 | −0.900% | $1.1M | $5.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5600 | −0.826% | $39.6M | $76.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5594 | −0.865% | $673K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5607 | −0.785% | $563.4M | $1.94B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5603 | −0.807% | $350.9M | $880.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5602 | −0.814% | $127.5M | $872.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5693 | −0.235% | $584K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5602 | −0.814% | $119K | $729K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5683 | −0.299% | $1.7M | $616K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5602 | −0.814% | $374.6M | $137.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5607 | −0.782% | $295.1M | $837.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5601 | −0.817% | $114.9M | $157.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5601 | −0.820% | $271.5M | $357.5M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5602 | −0.814% | — | $3.7M | — | as long as short |
| Variational Omni XRPshort | +0.0100% | 8h | 1.5690 | −0.256% | $12.0M | $29.9M | — | |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5643 | −0.551% | $679K | $99.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5652 | −0.495% | $1.1M | $41.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5645 | −0.540% | $1.0M | $880K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5601 | −0.822% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5593 | −0.871% | $46K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5604 | −0.799% | $42K | $64K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5605 | −0.797% | $840K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5599 | −0.830% | $131K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5600 | −0.826% | $31K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5582 | −0.938% | $51.2M | $15.2M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5606 | −0.788% | $55.6M | $29.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5592 | −0.876% | $486K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5601 | −0.820% | $12K | $249K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5599 | −0.834% | $2.2M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5601 | −0.820% | $73K | $40K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0128% | 1h | 1.5657 | −0.466% | $18K | $81K | 7x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5604 | −0.801% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5587 | −0.911% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5607 | −0.782% | $5.8M | $46.8M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5608 | −0.776% | $24.6M | $73.3M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0298% | 1h | 1.5609 | −0.769% | $1.8M | $976K | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0325% | 8h | 1.5614 | −0.737% | $1.9M | $32.3M | 2.9x | as long as short |
| Phoenix XRPlong | +0.0516% | 1h | 1.5730 | long leg | $70K | $90K | 15x | |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5608 | −0.776% | $509K | $615K | 10x | as long as short |
| Hyperliquid XRP | +0.0611% | 1h | 1.5615 | −0.731% | $291.2M | $199.5M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0669% | 1h | 1.5648 | −0.522% | $1K | $11K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD