XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0272%/8h= −29.7% APRnext payment −$0.34 per $10,000 · paid last 24h −0.106%

Price spread now: Phoenix against RISEx+0.197%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$820.818% of the position

Long on RISEx Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.412%−$41 on $10k

Price spread, last 4 days (all we have)+0.447%+$45 · spread now +0.197%, 7d avg −0.031%

Together, before fees+0.035%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.229% dearer against RISEx than usual: you sell high and buy low (spread +0.197% now, against its 7-day average of −0.031%): +$23 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5459	0.0272	pay 0.0034% / 1h	59m 17s	$521K	$795K	10x
Short	Phoenix XRP	1.5490	0	get 0.0000% / 1h	59m 17s	$70K	$108K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against RISEx. 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 RISExbpFee PhoenixbpOrdersPrice spread, now +0.197%Rate

Funding earned: −$57.03
Price spread: +0.197% → −0.031%: $22.86
Slippage, 4 orders: −$68.76
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$115.94
Costs to cover: 0.818%
Break-even: never at this rate

Slippage from RISEx: live order book, 34 min ago; Phoenix: live order book, 14 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 RISEx live order book, 34 min ago	2.41 bp	5.4 bp −$5	11.9 bp −$119	doesn't fit	doesn't fit
Sell Phoenix live order book, 14 min ago	6.50 bp	35.5 bp −$35	86.5 bp −$865	doesn't fit	doesn't fit

XRP on 50 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	1.5476	+0.107%	$5K	$3K	20x	as long as short
Phoenix XRPshort	0.0000%	1h	1.5490	+0.197%	$70K	$108K	15x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5449	−0.068%	$8.0M	$22.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5479	+0.124%	$251K	—	150x	as long as short
dYdX XRP-USD	+0.0005%	1h	1.5474	+0.093%	$1.1M	$155K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0015%	1h	1.5451	−0.055%	$14.1M	$73.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.650%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5479	+0.124%	$18K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5458	−0.007%	$2.8M	$14.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5463	+0.023%	$613K	$3.0M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5464	+0.029%	$20K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5463	+0.025%	$482K	$52K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5463	+0.023%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5452	−0.048%	$39.1M	$82.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5462	+0.018%	$611K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5453	−0.044%	$539.1M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5442	−0.113%	$360.6M	$905.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5445	−0.094%	$125.2M	$848.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5451	−0.055%	$569K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5466	+0.042%	$168K	$704K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5432	−0.176%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5454	−0.035%	$384.9M	$154.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5454	−0.035%	$310.3M	$892.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5457	−0.013%	$109.7M	$180.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5443	−0.107%	$273.7M	$360.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5455	−0.029%	—	$105.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5471	+0.072%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5486	+0.171%	$675K	$114.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5484	+0.156%	$1.1M	$32.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5492	+0.210%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5467	+0.049%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5472	+0.081%	$53K	$502K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5455	−0.031%	$41K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5445	−0.094%	$78K	$623K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5460	+0.006%	$130K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5449	−0.068%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5434	−0.167%	$50.4M	$14.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5452	−0.048%	$54.9M	$33.2M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5441	−0.118%	$2.1M	$5.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5444	−0.100%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5474	+0.094%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5450	−0.061%	$5.3M	$46.1M	50x	as long as short
Hyperliquid XRP	+0.0133%	1h	1.5471	+0.075%	$298.6M	$266.4M	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0143% / S −0.0109%	1h	1.5484	+0.160%	$830K	—	200x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5491	+0.204%	$1.8M	$33.0M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5481	+0.139%	$23.8M	$79.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5454	−0.037%	$1.4M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0234%	1h	1.5486	+0.172%	$2.0M	$1.3M	25x	as long as short
RISEx XRP/USDClong	+0.0272%	1h	1.5459	long leg	$521K	$795K	10x
Aftermath Perps XRPUSD	+0.0480%	1h	1.5473	+0.086%	$3K	$15K	10x	as long as short