Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against BingX−0.013%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 3 days (all we have)−0.023%−$2 · spread now −0.013%, 7d avg +0.019%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.032% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XRP-USDC | 1.5126 | 0.0100 | pay 0.0100% / 8h | 6h 15m | — | $4.1M | — |
| Short | Phemex XRPUSDT | 1.5124 | 0.0100 | get 0.0100% / 8h | 6h 15m | $53.8M | $29.8M | 50x |
BingX XRP-USDC
Phemex XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BingX. 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
- $0
- Price spread: −0.013% → +0.019%
- −$3.21
- Slippage, 4 orders
- −$15.88
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$41.09
- Costs to cover
- 0.379%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Phemex: live order book, 4 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 BingX live order book, 4 min ago | 0.66 bp | 8.0 bp −$8 | 11.8 bp −$118 | 26.6 bp −$2,658 | 75.0 bp −$37.5K |
| Sell Phemex live order book, 4 min ago | 0.33 bp | 12.9 bp −$13 | 15.8 bp −$158 | 28.1 bp −$2,807 | 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 | 1.5121 | −0.033% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5121 | −0.033% | $1.1M | $110K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5160 | +0.225% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5118 | −0.050% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0022% / S +0.0057% | 1h | 1.5120 | −0.040% | $799K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.869% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5119 | −0.044% | $14.5M | $72.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0072% | 8h | 1.5122 | −0.026% | $62K | $953K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0081% | 1h | 1.5123 | −0.020% | $7.6M | $25.3M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5127 | +0.007% | $2.8M | $14.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Lighter XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5127 | +0.007% | $510K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5118 | −0.053% | $10K | $307K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5126 | −0.002% | $935K | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5128 | +0.011% | $38.4M | $84.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5128 | +0.014% | $607K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5128 | +0.013% | $536.8M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5126 | 0.000% | $340.5M | $940.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5133 | +0.046% | $124.1M | $872.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5130 | +0.026% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5132 | +0.040% | $114K | $700K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5125 | −0.010% | $1.6M | $257K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5127 | +0.007% | $368.0M | $152.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5129 | +0.020% | $290.7M | $916.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5125 | −0.005% | $106.9M | $171.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5130 | +0.026% | $266.5M | $384.7M | 125x | as long as short |
| BingX XRP-USDClong | +0.0100% | 8h | 1.5126 | long leg | — | $4.1M | — | |
| Variational Omni XRP | +0.0100% | 8h | 1.5120 | −0.042% | $6.2M | $35.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5134 | +0.052% | $657K | $109.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5152 | +0.175% | $1.1M | $37.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5134 | +0.053% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5130 | +0.026% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5131 | +0.033% | $44K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5129 | +0.017% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5125 | −0.006% | $814K | $75K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5133 | +0.046% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5121 | −0.033% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5122 | −0.028% | $49.6M | $15.3M | 75x | as long as short |
| Phemex XRPUSDTshort | +0.0100% | 8h | 1.5124 | −0.013% | $53.8M | $29.8M | 50x | |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5129 | +0.023% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5125 | −0.008% | $2.0M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5122 | −0.026% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5132 | +0.040% | $8K | $8K | 10x | as long as short |
| Hyperliquid XRP | +0.0184% | 1h | 1.5138 | +0.079% | $280.1M | $222.3M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5127 | +0.007% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5125 | −0.007% | $5.7M | $46.6M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5128 | +0.011% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0337% | 1h | 1.5129 | +0.020% | $1.9M | $1.3M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0361% | 8h | 1.5131 | +0.033% | $2.1M | $35.7M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5133 | +0.048% | $529K | $787K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0767% | 1h | 1.5144 | +0.118% | $2K | $14K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
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
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
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Hyperliquid XRP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD