Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Phemex−0.006%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$270.265% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.006%, 7d avg −0.030%
=Together, before fees+0.128%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.024% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XRPUSDT | 1.5168 | 0.0100 | pay 0.0100% / 8h | 10m 39s | $54.1M | $32.7M | 50x |
| Short | Extended XRP-USD | 1.5167 | 0.0104 | get 0.0013% / 1h | 10m 39s | $2.1M | $6.9M | 50x |
Phemex XRPUSDT
Extended XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.006% → −0.030%
- $2.39
- Slippage, 4 orders
- −$9.55
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$23.32
- Costs to cover
- 0.265%
- Break-even
- 201.3 days
Slippage from Phemex: live order book, 3 min ago; Extended: live order book, 3 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 Phemex live order book, 3 min ago | 2.64 bp | 9.7 bp −$10 | 15.5 bp −$155 | 23.9 bp −$2,388 | doesn't fit |
| Sell Extended live order book, 3 min ago | 0.33 bp | 2.8 bp −$3 | 5.2 bp −$52 | 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 | 1.5163 | −0.033% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5175 | +0.048% | $1.1M | $148K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5163 | −0.031% | $246K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.584% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5173 | +0.034% | $14.5M | $73.6M | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5175 | +0.046% | $7.7M | $24.0M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5181 | +0.089% | $2.8M | $15.2M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5184 | +0.105% | $605K | $3.2M | 20x | as long as short |
| Hibachi XRP/USDT-P | +0.0096% | 1h | 1.5177 | +0.059% | $17K | $78K | 7x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5163 | −0.033% | $20K | $382K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Deribit XRP_USDC-PERPETUAL
Lighter XRP
Lighter RH XRP
Hibachi XRP/USDT-P
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5164 | −0.026% | $999K | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5179 | +0.074% | $38.5M | $86.1M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5183 | +0.102% | $611K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5185 | +0.111% | $529.7M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5185 | +0.112% | $350.0M | $949.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5187 | +0.125% | $127.3M | $863.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5172 | +0.026% | $564K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5193 | +0.165% | $144K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5178 | +0.066% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5169 | +0.007% | $377.7M | $162.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5188 | +0.132% | $311.9M | $928.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5183 | +0.099% | $106.7M | $183.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5186 | +0.119% | $269.2M | $388.7M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5164 | −0.026% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5163 | −0.036% | $4.8M | $38.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5151 | −0.112% | $658K | $113.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5180 | +0.078% | $1.1M | $34.3M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5182 | +0.092% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5171 | +0.020% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5168 | 0.000% | $52K | $514K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5164 | −0.029% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5166 | −0.013% | $77K | $689K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5175 | +0.046% | $816K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5170 | +0.016% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5169 | +0.007% | $30K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5163 | −0.033% | $49.5M | $15.4M | 75x | as long as short |
| Phemex XRPUSDTlong | +0.0100% | 8h | 1.5168 | long leg | $54.1M | $32.7M | 50x | |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5184 | +0.104% | $473K | $55K | 50x | as long as short |
| Extended XRP-USDshort | +0.0104% | 1h | 1.5167 | −0.006% | $2.1M | $6.9M | 50x | |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5170 | +0.013% | $8K | $2K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5167 | −0.010% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0108% / S −0.0072% | 1h | 1.5172 | +0.030% | $773K | — | 200x | as long as short |
| Hyperliquid XRP | +0.0143% | 1h | 1.5182 | +0.090% | $289.8M | $268.4M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0167% | 8h | 1.5171 | +0.020% | $1.8M | $33.8M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0175% | 1h | 1.5183 | +0.099% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5176 | +0.053% | $5.6M | $48.0M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5172 | +0.026% | $23.6M | $77.6M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5162 | −0.041% | $1.3M | $4K | 15x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5172 | +0.028% | $521K | $798K | 10x | as long as short |
| Phoenix XRP | +0.0526% | 1h | 1.5180 | +0.079% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0586% | 1h | 1.5169 | +0.004% | $2K | $16K | 10x | as long as short |
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-USDC
Variational Omni XRP
edgeX XRPUSDC
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
Paradex XRP-USD-PERP
01 Exchange XRPUSD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
Hyperliquid XRP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD