Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.003%
Price spread now: ApeX Omni against Phoenix+0.086%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$860.858% of the position
Funding, last 7 days+0.215%+$21 on $10k
+Price spread, last 4 days (all we have)−0.308%−$31 · spread now +0.086%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.059% dearer against Phoenix than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XRP | 1.5130 | 0 | get 0.0000% / 1h | 44m 01s | $67K | $110K | 15x |
| Short | ApeX Omni XRPUSDT | 1.5143 | 0.0100 | get 0.0013% / 1h | 44m 01s | $1.2M | $1.2M | 50x |
Phoenix XRP
ApeX Omni XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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: +0.086% → +0.027%
- $5.89
- Slippage, 4 orders
- −$68.78
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$58.88
- Costs to cover
- 0.858%
- Break-even
- 26.6 days
Slippage from Phoenix: live order book, 44 min ago; ApeX Omni: live order book, 5 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 Phoenix live order book, 44 min ago | 6.67 bp | 36.3 bp −$36 | 96.3 bp −$963 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 5 min ago | 1.32 bp | 6.4 bp −$6 | 11.2 bp −$112 | 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 | 1.5125 | −0.033% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5174 | +0.291% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRPlong | 0.0000% | 1h | 1.5130 | long leg | $67K | $110K | 15x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5160 | +0.198% | $245K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0025% | 1h | 1.5149 | +0.125% | $14.5M | $75.4M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.842% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5176 | +0.304% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5154 | +0.159% | $7.7M | $25.0M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0080% / S −0.0028% | 1h | 1.5159 | +0.193% | $799K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5150 | +0.134% | $2.8M | $15.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUAL
GMX XRP/USD [ETH-USDC]
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 | 1.5151 | +0.139% | $545K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5165 | +0.231% | $13K | $368K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5162 | +0.215% | $988K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5145 | +0.099% | $38.4M | $87.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5173 | +0.283% | $607K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5143 | +0.088% | $529.8M | $2.23B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5138 | +0.053% | $345.4M | $969.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5140 | +0.066% | $127.3M | $891.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5161 | +0.205% | $563K | $32K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5176 | +0.304% | $143K | $723K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5129 | −0.007% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5145 | +0.099% | $372.8M | $159.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5138 | +0.053% | $297.5M | $920.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5145 | +0.096% | $107.3M | $181.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5137 | +0.046% | $267.1M | $400.5M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5147 | +0.112% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5118 | −0.080% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5138 | +0.054% | $658K | $114.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5133 | +0.020% | $1.1M | $36.3M | 20x | as long as short |
| ApeX Omni XRPUSDTshort | +0.0100% | 1h | 1.5143 | +0.086% | $1.2M | $1.2M | 50x | |
| Vest XRP-PERP | +0.0100% | 1h | 1.5161 | +0.204% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5163 | +0.218% | $47K | $491K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5163 | +0.221% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5149 | +0.126% | $65K | $810K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5151 | +0.139% | $815K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5152 | +0.147% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5148 | +0.119% | $30K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5155 | +0.165% | $49.5M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5152 | +0.145% | $54.1M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5176 | +0.307% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5133 | +0.021% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5151 | +0.135% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0160% | 1h | 1.5158 | +0.185% | $288.6M | $264.8M | 20x | as long as short |
| Hibachi XRP/USDT-P | +0.0160% | 1h | 1.5171 | +0.272% | $17K | $79K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0161% | 1h | 1.5153 | +0.152% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5155 | +0.165% | $5.7M | $48.3M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0218% | 8h | 1.5153 | +0.152% | $1.7M | $35.3M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5158 | +0.187% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5172 | +0.278% | $23.5M | $78.1M | 125x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5175 | +0.300% | $523K | $797K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0553% | 1h | 1.5154 | +0.160% | $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-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
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
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD