Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.016%
Price spread now: Phemex against Phoenix−0.183%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$920.916% of the position
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.183%, 7d avg −0.001%
=Funding pays, the price is against you. Phemex is 0.181% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.183% now, against its 7-day average of −0.001%). If the spread goes back, that is −$18 on $10k: about 6.0 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XRP | 1.5340 | 0 | get 0.0000% / 1h | 47m 01s | $69K | $108K | 15x |
| Short | Phemex XRPUSDT | 1.5312 | 0.0100 | get 0.0100% / 8h | 5h 47m | $54.6M | $33.3M | 50x |
Phoenix XRP
Phemex XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.183% → −0.001%
- −$18.11
- Slippage, 4 orders
- −$72.6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$88.71
- Costs to cover
- 0.916%
- Break-even
- 36.6 days
Slippage from Phoenix: live order book, 57 min ago; Phemex: 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, 57 min ago | 6.51 bp | 35.5 bp −$36 | 94.4 bp −$944 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.93 bp | 11.0 bp −$11 | 15.0 bp −$150 | 23.1 bp −$2,312 | doesn't fit |
XRP on 50 exchanges
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 | 1.5403 | +0.411% | $5K | $4K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0062% | 1h | 1.5311 | −0.187% | $14.0M | $70.7M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5329 | −0.074% | $1.1M | $154K | 10x | as long as short |
| Phoenix XRPlong | 0.0000% | 1h | 1.5340 | long leg | $69K | $108K | 15x | |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5313 | −0.176% | $7.8M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5311 | −0.190% | $245K | — | 150x | as long as short |
| 01 Exchange XRPUSD | +0.0008% | 1h | 1.5304 | −0.235% | $9K | $987 | 10x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.434% | $2K | $107K | 30x | as long as short |
| SoDEX XRP-USD | +0.0055% | 1h | 1.5310 | −0.196% | $29K | $1.5M | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5310 | −0.196% | $2.8M | $14.1M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
01 Exchange XRPUSD
Injective XRP/USDC PERP
SoDEX XRP-USD
Lighter XRPShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5315 | −0.163% | $598K | $3.1M | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5331 | −0.056% | $478K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5308 | −0.209% | $10K | $399K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5314 | −0.166% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5323 | −0.111% | $298.5M | $266.7M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5320 | −0.130% | $39.3M | $81.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5332 | −0.052% | $592K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5318 | −0.143% | $534.0M | $2.08B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5321 | −0.124% | $361.5M | $887.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5320 | −0.130% | $124.7M | $834.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5321 | −0.124% | $563K | $37K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5316 | −0.156% | $164K | $681K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5379 | +0.254% | $1.6M | $25K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5315 | −0.163% | $381.5M | $156.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5308 | −0.209% | $312.7M | $890.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5310 | −0.197% | $105.8M | $181.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5321 | −0.124% | $271.8M | $356.5M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5314 | −0.169% | — | $99.3M | — | as long as short |
| Backpack XRP_USDC_PERP | +0.0100% | 1h | 1.5323 | −0.111% | $2.0M | $1.2M | 25x | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5325 | −0.100% | $5.0M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5326 | −0.089% | $666K | $109.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5328 | −0.077% | $1.1M | $30.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5341 | +0.007% | $1.2M | $1.2M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5311 | −0.189% | $52K | $475K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5310 | −0.199% | $42K | $65K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5310 | −0.196% | $83K | $613K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5313 | −0.174% | $128K | $1.5M | 30x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5321 | −0.121% | $50.0M | $14.1M | 75x | as long as short |
| Phemex XRPUSDTshort | +0.0100% | 8h | 1.5312 | −0.183% | $54.6M | $33.3M | 50x | |
| Vest XRP-PERP | +0.0100% | 1h | 1.5318 | −0.141% | — | $15K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5314 | −0.167% | $2.2M | $6.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5305 | −0.231% | $59K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0112% | 1h | 1.5321 | −0.122% | $17K | $76K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0112% | 1h | 1.5316 | −0.156% | $5.4M | $43.9M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0135% | 8h | 1.5336 | −0.026% | $1.9M | $35.1M | 2.9x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0209% / S −0.0580% | 1h | 1.5310 | −0.194% | $804K | — | 200x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5315 | −0.163% | $23.9M | $78.1M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0223% | 1h | 1.5306 | −0.221% | $1.4M | $1K | 15x | as long as short |
| RISEx XRP/USDC | +0.0239% | 1h | 1.5328 | −0.075% | $515K | $736K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0442% | 1h | 1.5346 | +0.041% | $3K | $13K | 10x | as long as short |
Lighter RH XRP
Paradex XRP-USD-PERP
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
Backpack XRP_USDC_PERP
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
SunX XRP-USDT
HTX XRP-USDT
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
GMX XRP/USD [ETH-USDC]
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD