Funding you earn now, next payment 01:00 UTC−0.0696%/8h= −76.2% APRpaid last 24h −0.141%
Price spread now: Phemex against Aftermath Perps−0.260%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—needs both histories
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Phemex is 0.260% cheaper against Aftermath Perps 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 | Aftermath Perps XRPUSD | 1.5348 | 0.0796 | pay 0.0099% / 1h | 49m 00s | $2K | $12K | 10x |
| Short | Phemex XRPUSDT | 1.5308 | 0.0100 | get 0.0100% / 8h | 7h 49m | $54.4M | $29.8M | 50x |
Aftermath Perps XRPUSD
Phemex XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Aftermath 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
- −$146.15
- Price spread: −0.260% → 0.000%
- −$25.99
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$193.14
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Phemex: live order book, 5 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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 0.65 bp | 9.1 bp −$9 | 13.0 bp −$130 | 21.4 bp −$2,140 | doesn't fit |
Aftermath Perps: 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 | 1.5307 | −0.266% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5313 | −0.229% | $1.1M | $113K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5303 | −0.291% | $256K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0010% / S +0.0086% | 1h | 1.5304 | −0.286% | $839K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.382% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0061% | 8h | 1.5310 | −0.247% | $75K | $910K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0077% | 1h | 1.5313 | −0.227% | $9.3M | $25.5M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5310 | −0.247% | $2.8M | $13.7M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5310 | −0.247% | $511K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5310 | −0.247% | $11K | $276K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5309 | −0.257% | $477K | $54K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5313 | −0.231% | $1.0M | $5.6M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5310 | −0.247% | $38.7M | $83.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5311 | −0.239% | $619K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5308 | −0.257% | $538.3M | $2.07B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5305 | −0.279% | $340.2M | $929.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5305 | −0.279% | $124.7M | $879.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5320 | −0.182% | $572K | $48K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5312 | −0.234% | $116K | $709K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5337 | −0.071% | $1.7M | $565K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5307 | −0.266% | $373.3M | $148.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5309 | −0.253% | $295.4M | $894.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5306 | −0.272% | $108.6M | $167.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5307 | −0.266% | $268.4M | $376.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5304 | −0.286% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5329 | −0.122% | $6.4M | $35.6M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5392 | +0.286% | $668K | $106.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5387 | +0.255% | $1.1M | $39.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5333 | −0.097% | $1.0M | $906K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5308 | −0.258% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5310 | −0.247% | $48K | $458K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5307 | −0.265% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5312 | −0.237% | $824K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5312 | −0.236% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5311 | −0.240% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5305 | −0.280% | $50.2M | $15.6M | 75x | as long as short |
| Phemex XRPUSDTshort | +0.0100% | 8h | 1.5308 | −0.260% | $54.4M | $29.8M | 50x | |
| Extended XRP-USD | +0.0104% | 1h | 1.5308 | −0.258% | $2.1M | $7.2M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5312 | −0.234% | $8K | $8K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5310 | −0.248% | $59K | $25K | 3x | as long as short |
| Reya XRPRUSDPERP | +0.0213% | 1h | 1.5307 | −0.264% | $1.4M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5308 | −0.260% | $23.9M | $74.4M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5311 | −0.240% | $5.8M | $46.3M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0240% | 1h | 1.5316 | −0.208% | $1.9M | $1.3M | 25x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0244% | 1h | 1.5310 | −0.249% | $14.5M | $70.6M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0296% | 1h | 1.5315 | −0.212% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0317% | 8h | 1.5317 | −0.201% | $2.0M | $35.3M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0427% | 1h | 1.5321 | −0.175% | $290.3M | $216.0M | 20x | as long as short |
| Phoenix XRP | +0.0520% | 1h | 1.5400 | +0.340% | $69K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSDlong | +0.0796% | 1h | 1.5348 | long leg | $2K | $12K | 10x | |
| RISEx XRP/USDC | +0.0828% | 1h | 1.5313 | −0.229% | $506K | $755K | 10x | as long as short |
Paradex XRP-USD-PERP
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
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Kraken Futures PF_XRPUSD
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Hyperliquid XRP
Phoenix XRP
RISEx XRP/USDC