XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h 0.000%

Price spread now: Phoenix against 01 Exchange−0.196%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.196% cheaper against 01 Exchange 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	01 Exchange XRPUSD	1.5340	0.0080	pay 0.0010% / 1h	15m 22s	$9K	$2K	10x
Short	Phoenix XRP	1.5310	0	get 0.0000% / 1h	15m 22s	$69K	$110K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against 01 Exchange. 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 01 ExchangebpFee PhoenixbpOrdersPrice spread, now −0.196%Rate

Funding earned: −$16.8
Price spread: −0.196% → 0.000%: −$19.56
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$50.36
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Phoenix: live order book, 63 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 63 min ago	6.58 bp	35.9 bp −$36	83.7 bp −$837	doesn't fit	doesn't fit

01 Exchange: 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 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
Kraken Futures PF_XRPUSD	−0.0170%	1h	1.5353	+0.087%	$14.0M	$75.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5346	+0.039%	$5K	$3K	20x	as long as short
Phoenix XRPshort	0.0000%	1h	1.5310	−0.196%	$69K	$110K	15x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5343	+0.018%	$249K	—	150x	as long as short
dYdX XRP-USD	+0.0007%	1h	1.5341	+0.006%	$1.1M	$123K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5360	+0.130%	$7.8M	$22.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.434%	$2K	$107K	30x	as long as short
01 Exchange XRPUSDlong	+0.0080%	1h	1.5340	long leg	$9K	$2K	10x
Hibachi XRP/USDT-P	+0.0080%	1h	1.5317	−0.148%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5353	+0.083%	$2.8M	$14.7M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5348	+0.052%	$624K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5336	−0.026%	$20K	$378K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5339	−0.003%	$1.0M	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5343	+0.020%	$38.9M	$82.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5352	+0.078%	$618K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5343	+0.020%	$536.1M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5343	+0.020%	$357.8M	$916.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5343	+0.020%	$127.8M	$839.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5326	−0.091%	$562K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5347	+0.046%	$159K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5316	−0.157%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5342	+0.013%	$376.3M	$156.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5337	−0.020%	$318.2M	$927.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5339	−0.003%	$108.3M	$180.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5335	−0.033%	$272.0M	$365.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5342	+0.013%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5344	+0.028%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	−0.177%	$665K	$113.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5305	−0.225%	$1.1M	$33.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5316	−0.156%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5344	+0.025%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5340	0.000%	$52K	$504K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5341	+0.007%	$41K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5345	+0.033%	$78K	$646K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5356	+0.106%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5355	+0.098%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5359	+0.126%	$50.1M	$14.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5352	+0.078%	$54.5M	$33.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5357	+0.108%	$479K	$52K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5336	−0.029%	$2.1M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5342	+0.011%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0132% / S −0.0094%	1h	1.5323	−0.110%	$784K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5361	+0.137%	$5.3M	$47.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5334	−0.039%	$1.7M	$32.9M	2.9x	as long as short
Hyperliquid XRP	+0.0179%	1h	1.5352	+0.078%	$293.7M	$265.3M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5327	−0.085%	$23.8M	$78.0M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0220%	1h	1.5364	+0.156%	$2.0M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5334	−0.036%	$1.4M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5345	+0.031%	$525K	$784K	10x	as long as short
Aftermath Perps XRPUSD	+0.0519%	1h	1.5297	−0.278%	$3K	$16K	10x	as long as short