Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.024%
Price spread now: Phoenix against edgeX+0.276%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$840.836% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.276%, 7d avg +0.021%
=Together, before fees−0.099%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phoenix is 0.255% dearer against edgeX than usual: you sell high and buy low (spread +0.276% now, against its 7-day average of +0.021%): +$25 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.5 days. At the pace of the last 7 days (−0.041% in total) that is about 44 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX XRPUSDC | 1.5138 | 0.0100 | pay 0.0050% / 4h | 2h 05m | $657K | $113.8M | 30x |
| Short | Phoenix XRP | 1.5180 | 0 | get 0.0000% / 1h | 5m 34s | $67K | $110K | 15x |
edgeX XRPUSDC
Phoenix XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against edgeX. 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
- −$21
- Price spread: +0.276% → +0.021%
- $25.46
- Slippage, 4 orders
- −$67.61
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$79.15
- Costs to cover
- 0.836%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 4 min ago; Phoenix: live order book, 22 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 edgeX live order book, 4 min ago | 0.99 bp | 5.5 bp −$5 | 5.5 bp −$55 | 8.5 bp −$849 | doesn't fit |
| Sell Phoenix live order book, 22 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 | 1.5172 | +0.223% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5173 | +0.231% | $14.4M | $74.9M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5168 | +0.198% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRPshort | 0.0000% | 1h | 1.5180 | +0.276% | $67K | $110K | 15x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5167 | +0.191% | $245K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.786% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0074% / S −0.0019% | 1h | 1.5167 | +0.192% | $800K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0080% | 1h | 1.5159 | +0.137% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5174 | +0.236% | $7.7M | $25.5M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5165 | +0.178% | $2.8M | $15.1M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUAL
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5165 | +0.177% | $548K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5155 | +0.111% | $11K | $361K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5160 | +0.146% | $1.0M | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5164 | +0.170% | $38.5M | $87.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5167 | +0.189% | $603K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5162 | +0.156% | $527.1M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5161 | +0.150% | $344.7M | $965.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5161 | +0.150% | $126.5M | $890.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5159 | +0.137% | $564K | $35K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5166 | +0.183% | $143K | $717K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5132 | −0.043% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5163 | +0.163% | $374.8M | $161.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5162 | +0.157% | $298.4M | $929.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5166 | +0.186% | $107.2M | $181.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5161 | +0.150% | $266.6M | $399.1M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5161 | +0.150% | — | $106.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5166 | +0.182% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDClong | +0.0100% | 4h | 1.5138 | long leg | $657K | $113.8M | 30x | |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5148 | +0.064% | $1.1M | $37.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5147 | +0.058% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5171 | +0.218% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5173 | +0.229% | $51K | $488K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5167 | +0.191% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5169 | +0.203% | $62K | $932K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5171 | +0.215% | $816K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5173 | +0.229% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5169 | +0.203% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5171 | +0.220% | $49.6M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5166 | +0.183% | $54.1M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5167 | +0.191% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5156 | +0.119% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5169 | +0.200% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0145% | 1h | 1.5178 | +0.262% | $289.7M | $264.2M | 20x | as long as short |
| Hibachi XRP/USDT-P | +0.0184% | 1h | 1.5172 | +0.222% | $17K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5178 | +0.262% | $5.7M | $48.6M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0208% | 1h | 1.5182 | +0.289% | $2.0M | $1.4M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0218% | 8h | 1.5171 | +0.216% | $1.7M | $35.5M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5166 | +0.185% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5165 | +0.177% | $23.2M | $77.5M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5164 | +0.167% | $518K | $790K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0583% | 1h | 1.5144 | +0.039% | $2K | $16K | 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
BingX XRP-USDT
Variational Omni XRP
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Hyperliquid XRP
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD