XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.003%

Price spread now: Phoenix against ApeX Omni+0.040%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$890.892% of the position

Long on ApeX Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

Price spread, last 4 days (all we have)+0.228%+$23 · spread now +0.040%, 7d avg −0.027%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phoenix is 0.066% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.027%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5174	0.0100	pay 0.0013% / 1h	3m 44s	$1.2M	$1.2M	50x
Short	Phoenix XRP	1.5180	0	get 0.0000% / 1h	3m 44s	$67K	$110K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against ApeX Omni. 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 ApeX OmnibpFee PhoenixbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$21
Price spread: +0.040% → −0.027%: $6.65
Slippage, 4 orders: −$72.24
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$103.59
Costs to cover: 0.892%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, just now; Phoenix: live order book, 24 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 ApeX Omni live order book, just now	2.97 bp	8.3 bp −$8	13.1 bp −$131	doesn't fit	doesn't fit
Sell Phoenix live order book, 24 min ago	6.67 bp	36.3 bp −$36	84.8 bp −$848	doesn't fit	doesn't fit

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	1.5166	−0.053%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5158	−0.107%	$14.4M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5160	−0.092%	$1.1M	$148K	10x	as long as short
Phoenix XRPshort	0.0000%	1h	1.5180	+0.040%	$67K	$110K	15x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5159	−0.099%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.544%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0074% / S −0.0020%	1h	1.5160	−0.093%	$799K	—	200x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5163	−0.072%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5163	−0.072%	$7.7M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5162	−0.082%	$2.8M	$15.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5164	−0.066%	$548K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5152	−0.145%	$11K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5159	−0.096%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5157	−0.109%	$38.5M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5164	−0.068%	$603K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5162	−0.079%	$527.1M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5162	−0.079%	$344.2M	$966.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5162	−0.079%	$126.4M	$890.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5159	−0.099%	$564K	$35K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5168	−0.040%	$143K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5132	−0.278%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5160	−0.092%	$374.6M	$162.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5161	−0.086%	$298.1M	$929.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5159	−0.096%	$107.2M	$181.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5159	−0.099%	$266.7M	$399.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5160	−0.092%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5166	−0.054%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5167	−0.047%	$659K	$114.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5163	−0.073%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5174	long leg	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5164	−0.066%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5165	−0.059%	$51K	$487K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5161	−0.084%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5159	−0.099%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5160	−0.092%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5160	−0.092%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5156	−0.119%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5162	−0.076%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5158	−0.105%	$54.1M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5168	−0.037%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5157	−0.111%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5157	−0.109%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0145%	1h	1.5169	−0.033%	$289.5M	$264.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5164	−0.065%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5164	−0.066%	$5.7M	$48.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0207%	1h	1.5169	−0.033%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0215%	8h	1.5171	−0.020%	$1.7M	$35.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5157	−0.112%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5159	−0.099%	$23.2M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5166	−0.052%	$517K	$792K	10x	as long as short
Aftermath Perps XRPUSD	+0.0573%	1h	1.5153	−0.141%	$2K	$16K	10x	as long as short