XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%

Price spread now: Phemex against BloFin−0.020%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.020%, 7d avg −0.006%

Together, before fees−0.143%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XRP-USDT	1.5206	0.0220	pay 0.0220% / 8h	3h 43m	$24.1M	$76.1M	125x
Short	Phemex XRPUSDT	1.5203	0.0100	get 0.0100% / 8h	3h 43m	$54.2M	$31.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$25.2
Price spread: −0.020% → −0.006%: −$1.42
Slippage, 4 orders: −$14.85
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$65.47
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Phemex: live order book, 6 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 BloFin live order book, 6 min ago	0.33 bp	6.3 bp −$6	7.1 bp −$71	13.0 bp −$1,304	22.7 bp −$11.3K
Sell Phemex live order book, 6 min ago	3.61 bp	15.3 bp −$15	19.8 bp −$198	27.4 bp −$2,743	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	1.5204	−0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5203	−0.019%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5198	−0.053%	$262K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5204	−0.013%	$7.8M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5201	−0.033%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.328%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0014%	1h	1.5200	−0.039%	$780K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5207	+0.009%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5208	+0.013%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5206	0.000%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0099%	8h	1.5197	−0.059%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5208	+0.016%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5206	+0.002%	$38.4M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5208	+0.013%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5206	−0.001%	$534.2M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5207	+0.007%	$346.8M	$941.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5207	+0.007%	$127.2M	$887.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	−0.085%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5210	+0.026%	$118K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	−0.019%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5206	0.000%	$371.5M	$154.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5206	0.000%	$293.7M	$899.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5208	+0.012%	$109.1M	$176.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5203	−0.020%	$269.2M	$388.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5196	−0.066%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5202	−0.027%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5212	+0.041%	$661K	$109.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	−0.033%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	−0.046%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5208	+0.011%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5210	+0.026%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5204	−0.011%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5204	−0.016%	$818K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5211	+0.035%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5203	−0.020%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5201	−0.031%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDTshort	+0.0100%	8h	1.5203	−0.020%	$54.2M	$31.1M	50x
Paradex XRP-USD-PERP	+0.0100%	8h	1.5207	+0.005%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5196	−0.064%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5200	−0.041%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5209	+0.020%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5209	+0.020%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5207	+0.008%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDTlong	+0.0220%	8h	1.5206	long leg	$24.1M	$76.1M	125x
Hibachi XRP/USDT-P	+0.0256%	1h	1.5206	−0.001%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0296%	8h	1.5210	+0.026%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0296%	1h	1.5215	+0.059%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0314%	1h	1.5222	+0.105%	$292.9M	$234.7M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5209	+0.023%	$518K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5210	+0.026%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0664%	1h	1.5212	+0.042%	$2K	$15K	10x	as long as short