Funding you earn now, next payment 11:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.018%
Price spread now: Phoenix against Hibachi−0.015%61s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.418%−$42 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XRP/USDT-P | 1.5292 | 0.0088 | pay 0.0011% / 1h | 43m 48s | $17K | $68K | 7x |
| Short | Phoenix XRP | 1.5290 | 0 | get 0.0000% / 1h | 43m 48s | $68K | $102K | 15x |
Hibachi XRP/USDT-P
Phoenix XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Hibachi. 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
- −$18.48
- Price spread: −0.015% → 0.000%
- −$1.54
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$36.02
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; Phoenix: live order book, 54 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 Hibachi no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 54 min ago | 6.52 bp | 35.6 bp −$36 | 84.4 bp −$844 | doesn't fit | doesn't fit |
Hibachi: 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 exchanges
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 | 1.5360 | +0.442% | $5K | $2K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0077% | 1h | 1.5293 | +0.007% | $13.7M | $68.5M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5295 | +0.017% | $1.1M | $154K | 10x | as long as short |
| Phoenix XRPshort | 0.0000% | 1h | 1.5290 | −0.015% | $68K | $102K | 15x | |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5299 | +0.043% | $7.6M | $19.8M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5295 | +0.021% | $242K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.750% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5294 | +0.011% | $9K | $987 | 10x | as long as short |
| Hibachi XRP/USDT-Plong | +0.0088% | 1h | 1.5292 | long leg | $17K | $68K | 7x | |
| Lighter XRP | +0.0096% | 1h | 1.5301 | +0.053% | $2.7M | $13.5M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
01 Exchange XRPUSD
Lighter XRPShow all 51 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5306 | +0.089% | $573K | $3.1M | 20x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0096% | 1h | 1.5298 | +0.037% | $5.5M | $41.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5291 | −0.008% | $477K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5280 | −0.081% | $10K | $412K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5290 | −0.019% | $846K | $6.0M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5309 | +0.109% | $297.7M | $261.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5294 | +0.011% | $39.0M | $79.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5294 | +0.011% | $590K | $978K | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5292 | −0.002% | $532.1M | $2.02B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5300 | +0.050% | $361.6M | $853.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5297 | +0.030% | $123.7M | $818.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5259 | −0.218% | $561K | $37K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5293 | +0.004% | $161K | $692K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5288 | −0.026% | $1.6M | $66K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5295 | +0.017% | $375.8M | $157.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5291 | −0.009% | $317.5M | $879.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5289 | −0.023% | $104.0M | $180.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5296 | +0.024% | $270.2M | $347.2M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5288 | −0.028% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5263 | −0.194% | $4.9M | $37.1M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5240 | −0.340% | $662K | $105.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5289 | −0.022% | $1.1M | $32.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5262 | −0.198% | $1.2M | $1.2M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5292 | −0.002% | $50K | $471K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5294 | +0.014% | $41K | $65K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5297 | +0.030% | $83K | $602K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5298 | +0.040% | $823K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5295 | +0.019% | $128K | $1.4M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5294 | +0.011% | $30K | $1.4M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5288 | −0.026% | $49.8M | $13.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5292 | −0.002% | $54.6M | $33.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5294 | +0.010% | — | $15K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5284 | −0.052% | $2.2M | $5.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5286 | −0.045% | $59K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0108% | 8h | 1.5299 | +0.043% | $1.9M | $35.8M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0166% | 1h | 1.5306 | +0.089% | $2.0M | $1.2M | 25x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5291 | −0.009% | $23.8M | $77.3M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0224% | 1h | 1.5286 | −0.043% | $1.4M | $1K | 15x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0263% / S −0.0528% | 1h | 1.5295 | +0.019% | $881K | — | 200x | as long as short |
| RISEx XRP/USDC | +0.0300% | 1h | 1.5296 | +0.022% | $506K | $723K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0392% | 1h | 1.5291 | −0.006% | $3K | $13K | 10x | as long as short |
Lighter RH XRP
Coinbase International XRP-PERP-INTX
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
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
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
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
BloFin XRP-USDT
Reya XRPRUSDPERP
GMX XRP/USD [ETH-USDC]
RISEx XRP/USDC
Aftermath Perps XRPUSD