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 OKX0.000%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$290.287% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)−0.156%−$16 · spread now 0.000%, 7d avg +0.011%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XRP-USDT-SWAP | 1.5135 | 0.0100 | pay 0.0100% / 8h | 4h 35m | $125.9M | $874.2M | 100x |
| Short | Phemex XRPUSDT | 1.5135 | 0.0100 | get 0.0100% / 8h | 4h 35m | $54.0M | $30.6M | 50x |
OKX XRP-USDT-SWAP
Phemex XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. 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: 0.000% → +0.011%
- −$1.06
- Slippage, 4 orders
- −$6.69
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$29.74
- Costs to cover
- 0.287%
- Break-even
- never at this rate
Slippage from OKX: 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 OKX live order book, 4 min ago | 0.33 bp | 5.3 bp −$5 | 6.9 bp −$69 | 13.2 bp −$1,319 | 29.8 bp −$14.9K |
| Sell Phemex live order book, 4 min ago | 1.65 bp | 8.5 bp −$9 | 12.4 bp −$124 | 20.5 bp −$2,049 | 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 | 1.5122 | −0.086% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5133 | −0.013% | $14.3M | $73.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5146 | +0.070% | $1.1M | $114K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5160 | +0.165% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5130 | −0.031% | $253K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.808% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0040% / S +0.0029% | 1h | 1.5130 | −0.035% | $788K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5143 | +0.053% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5136 | +0.007% | $7.7M | $25.5M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0082% | 8h | 1.5133 | −0.013% | $62K | $934K | 50x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUAL
Orderly PERP_XRP_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XRP | +0.0096% | 1h | 1.5136 | +0.007% | $2.8M | $14.6M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5137 | +0.013% | $496K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0097% | 8h | 1.5135 | 0.000% | $9K | $324K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5143 | +0.056% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5143 | +0.053% | $281.1M | $225.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5132 | −0.022% | $38.3M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5141 | +0.040% | $607K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5133 | −0.013% | $533.2M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5133 | −0.013% | $344.4M | $932.1M | 100x | as long as short |
| OKX XRP-USDT-SWAPlong | +0.0100% | 8h | 1.5135 | long leg | $125.9M | $874.2M | 100x | |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5140 | +0.033% | $564K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5137 | +0.013% | $110K | $717K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5146 | +0.071% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5133 | −0.013% | $369.0M | $153.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5132 | −0.020% | $289.4M | $898.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5131 | −0.026% | $107.7M | $174.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5131 | −0.026% | $267.7M | $384.6M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5130 | −0.033% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5103 | −0.212% | $5.4M | $37.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5150 | +0.098% | $659K | $108.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5145 | +0.066% | $1.1M | $35.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5142 | +0.046% | $1.2M | $1.1M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5140 | +0.033% | $44K | $453K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5132 | −0.018% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5133 | −0.013% | $814K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5145 | +0.067% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5133 | −0.013% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5121 | −0.090% | $49.5M | $15.7M | 75x | as long as short |
| Phemex XRPUSDTshort | +0.0100% | 8h | 1.5135 | 0.000% | $54.0M | $30.6M | 50x | |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5136 | +0.008% | $472K | $55K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5134 | −0.006% | — | $11K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5129 | −0.041% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5131 | −0.027% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0160% | 1h | 1.5108 | −0.181% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0161% | 1h | 1.5143 | +0.053% | $1.9M | $1.3M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5139 | +0.026% | $5.6M | $47.1M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5131 | −0.025% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5134 | −0.007% | $24.1M | $76.0M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0314% | 8h | 1.5135 | 0.000% | $2.1M | $34.5M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5144 | +0.057% | $516K | $778K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0651% | 1h | 1.5147 | +0.080% | $2K | $15K | 10x | as long as short |
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Paradex XRP-USD-PERP
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD