XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.002%

Price spread now: Extended against Phoenix−0.046%88s7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$780.785% of the position

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.235%+$23 on $10k

Price spread, last 4 days (all we have)−0.230%−$23 · spread now −0.046%, 7d avg −0.040%

Together, before fees+0.004%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 88 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	Phoenix XRP	1.5170	0	get 0.0000% / 1h	1m 41s	$67K	$110K	15x
Short	Extended XRP-USD	1.5163	0.0104	get 0.0013% / 1h	1m 41s	$2.0M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee ExtendedbpOrdersPrice spread, now −0.046%Rate

Funding earned: $21.84
Price spread: −0.046% → −0.040%: −$0.56
Slippage, 4 orders: −$66.47
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$57.19
Costs to cover: 0.785%
Break-even: 25.3 days

Slippage from Phoenix: live order book, 26 min ago; Extended: live order book, 2 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, 26 min ago	6.67 bp	36.3 bp −$36	96.3 bp −$963	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.33 bp	3.0 bp −$3	5.4 bp −$54	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	1.5166	−0.026%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5169	−0.008%	$14.4M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5158	−0.079%	$1.1M	$148K	10x	as long as short
Phoenix XRPlong	0.0000%	1h	1.5170	long leg	$67K	$110K	15x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5166	−0.024%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.571%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S −0.0020%	1h	1.5167	−0.018%	$800K	—	200x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5173	+0.020%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5164	−0.038%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5166	−0.026%	$548K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5163	−0.046%	$11K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5164	−0.043%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5165	−0.033%	$38.5M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5162	−0.050%	$603K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5161	−0.060%	$527.4M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5157	−0.086%	$344.3M	$966.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5161	−0.059%	$126.6M	$891.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5166	−0.026%	$564K	$35K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5175	+0.033%	$143K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5166	−0.026%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5168	−0.013%	$374.7M	$162.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5159	−0.073%	$298.5M	$929.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5165	−0.034%	$107.3M	$181.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5162	−0.053%	$266.7M	$399.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5168	−0.013%	—	$106.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5166	−0.027%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5160	−0.069%	$658K	$114.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5163	−0.047%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5159	−0.073%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5172	+0.010%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5174	+0.026%	$51K	$487K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5167	−0.022%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5167	−0.020%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5168	−0.013%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5171	+0.007%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5168	−0.013%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	−0.010%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5169	−0.007%	$54.1M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5162	−0.054%	$473K	$55K	50x	as long as short
Extended XRP-USDshort	+0.0104%	1h	1.5163	−0.046%	$2.0M	$6.8M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5165	−0.030%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0146%	1h	1.5177	+0.046%	$289.6M	$264.3M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5173	+0.020%	$7.7M	$25.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5161	−0.057%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5173	+0.020%	$5.7M	$48.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0205%	1h	1.5179	+0.059%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0214%	8h	1.5170	0.000%	$1.7M	$35.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5167	−0.021%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5160	−0.066%	$23.3M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5174	+0.027%	$517K	$792K	10x	as long as short
Aftermath Perps XRPUSD	+0.0564%	1h	1.5159	−0.075%	$2K	$16K	10x	as long as short