Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Derive against Phemex+0.156%55s7-day average −0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.156%, 7d avg −0.003%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.159% dearer against Phemex than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.003%. The two prices were read 55 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 | Phemex XRPUSDT | 1.5142 | 0.0100 | pay 0.0100% / 8h | 4h 38m | $54.0M | $30.6M | 50x |
| Short | Derive XRP-PERP | 1.5166 | 0.0100 | get 0.0013% / 1h | 38m 18s | $816K | $72K | 10x |
Phemex XRPUSDT
Derive XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Phemex. 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: +0.156% → −0.003%
- $15.89
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$2.11
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 6 min ago; Derive: no order-book sample. 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 Phemex live order book, 6 min ago | 2.31 bp | 9.8 bp −$10 | 15.1 bp −$151 | 21.8 bp −$2,177 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 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 | 1.5148 | +0.040% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5159 | +0.114% | $14.3M | $73.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5146 | +0.026% | $1.1M | $114K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5150 | +0.053% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5160 | +0.121% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5165 | +0.152% | $7.7M | $25.5M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.761% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0040% / S +0.0030% | 1h | 1.5160 | +0.121% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5159 | +0.112% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0081% | 8h | 1.5163 | +0.139% | $62K | $935K | 50x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
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 | 1.5150 | +0.053% | $2.8M | $14.6M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5149 | +0.046% | $510K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0097% | 8h | 1.5153 | +0.073% | $10K | $324K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5164 | +0.149% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5172 | +0.198% | $281.7M | $225.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5152 | +0.069% | $38.3M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5149 | +0.048% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5165 | +0.152% | $534.3M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5163 | +0.139% | $345.0M | $931.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5166 | +0.158% | $125.9M | $875.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5175 | +0.218% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5107 | −0.231% | $113K | $717K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5146 | +0.025% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5163 | +0.139% | $370.1M | $153.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5165 | +0.152% | $290.0M | $897.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5166 | +0.157% | $108.0M | $173.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5161 | +0.125% | $267.9M | $384.4M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5163 | +0.139% | — | $126.6M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5148 | +0.038% | $5.4M | $37.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5151 | +0.061% | $658K | $108.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5180 | +0.251% | $1.1M | $35.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5149 | +0.046% | $1.2M | $1.1M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5163 | +0.139% | $44K | $453K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5161 | +0.127% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERPshort | +0.0100% | 1h | 1.5166 | +0.156% | $816K | $72K | 10x | |
| SunX XRP-USDT | +0.0100% | 8h | 1.5165 | +0.153% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5161 | +0.125% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5139 | −0.018% | $49.5M | $15.7M | 75x | as long as short |
| Phemex XRPUSDTlong | +0.0100% | 8h | 1.5142 | long leg | $54.0M | $30.6M | 50x | |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5148 | +0.039% | $472K | $55K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5162 | +0.129% | — | $11K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5161 | +0.124% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5164 | +0.145% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0160% | 1h | 1.5152 | +0.068% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0163% | 1h | 1.5151 | +0.059% | $1.9M | $1.3M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5147 | +0.033% | $5.6M | $47.1M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5161 | +0.127% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5141 | −0.007% | $24.1M | $76.0M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0316% | 8h | 1.5164 | +0.145% | $2.1M | $34.4M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5159 | +0.110% | $516K | $779K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0658% | 1h | 1.5155 | +0.088% | $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
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
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Bullet XRP-USD
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