Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.023%
Price spread now: Phoenix against Polymarket Perps−0.203%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.203% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$20 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 | Polymarket Perps XRP-USD | 1.5281 | 0.0100 | pay 0.0013% / 1h | 26m 46s | $49K | $475K | 20x |
| Short | Phoenix XRP | 1.5250 | 0 | get 0.0000% / 1h | 26m 46s | $68K | $89K | 15x |
Polymarket Perps XRP-USD
Phoenix XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Polymarket Perps. 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
- −$21
- Price spread: −0.203% → 0.000%
- −$20.29
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$56.29
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 60 min ago; Phoenix: 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 Polymarket Perps live order book, 60 min ago | 2.31 bp | 6.9 bp −$7 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX XRP/USD [ETH-USDC] | L −0.0210% / S +0.0297% | 1h | 1.5280 | −0.005% | $1.7M | — | 200x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5265 | −0.105% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5266 | −0.095% | $1.1M | $99K | 10x | as long as short |
| Phoenix XRPshort | 0.0000% | 1h | 1.5250 | −0.203% | $68K | $89K | 15x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5281 | +0.003% | $256K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0011% | 1h | 1.5301 | +0.131% | $9.2M | $24.0M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0040% | 1h | 1.5290 | +0.059% | $2K | $86K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0046% | 8h | 1.5282 | +0.007% | $178K | $788K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5307 | +0.171% | $3.0M | $11.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5299 | +0.118% | $444K | $3.1M | 20x | as long as short |
GMX XRP/USD [ETH-USDC]
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Orderly PERP_XRP_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 | 1.5269 | −0.075% | $1.0M | $5.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5312 | +0.203% | $38.9M | $71.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5275 | −0.037% | $665K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5310 | +0.189% | $547.6M | $1.84B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5313 | +0.209% | $342.8M | $834.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5314 | +0.216% | $123.6M | $831.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5228 | −0.347% | $566K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5278 | −0.020% | $114K | $647K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5201 | −0.523% | $1.6M | $350K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5306 | +0.164% | $365.1M | $130.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5309 | +0.183% | $289.6M | $804.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5309 | +0.184% | $113.5M | $147.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5318 | +0.242% | $266.7M | $338.9M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5308 | +0.177% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5205 | −0.499% | $6.2M | $24.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5202 | −0.518% | $661K | $95.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5221 | −0.393% | $1.1M | $41.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5204 | −0.504% | $1.0M | $848K | 50x | as long as short |
| Polymarket Perps XRP-USDlong | +0.0100% | 1h | 1.5281 | long leg | $49K | $475K | 20x | |
| Bullet XRP-USD | +0.0100% | 1h | 1.5277 | −0.026% | $42K | $59K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5285 | +0.029% | $823K | $70K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5259 | −0.142% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5295 | +0.092% | $28K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5275 | −0.041% | $50.3M | $14.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5304 | +0.151% | $54.7M | $28.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5274 | −0.043% | $476K | $54K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5269 | −0.079% | — | $10K | 10x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5277 | −0.026% | $11K | $235K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5308 | +0.175% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5293 | +0.076% | $71K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5278 | −0.020% | $8K | $8K | 10x | as long as short |
| Backpack XRP_USDC_PERP | +0.0143% | 1h | 1.5321 | +0.262% | $1.7M | $919K | 25x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0170% | 1h | 1.5296 | +0.101% | $15.3M | $63.3M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5302 | +0.137% | $5.4M | $43.4M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0208% | 8h | 1.5297 | +0.105% | $1.7M | $31.5M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5276 | −0.032% | $1.4M | $10K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5299 | +0.118% | $23.9M | $66.7M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0248% | 1h | 1.5249 | −0.209% | $19K | $55K | 7x | as long as short |
| RISEx XRP/USDC | +0.0431% | 1h | 1.5282 | +0.007% | $405K | $496K | 10x | as long as short |
| Hyperliquid XRP | +0.0462% | 1h | 1.5329 | +0.314% | $281.7M | $181.7M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0538% | 1h | 1.5243 | −0.246% | $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
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Vest XRP-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Backpack XRP_USDC_PERP
Kraken Futures PF_XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD