XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0456%/8h= +50.0% APRnext payment +$0.57 per $10,000 · paid last 24h +0.126%

Price spread now: RISEx against Phoenix+0.258%110s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$800.797% of the position

Long on Phoenix Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.399%+$40 on $10k

Price spread, last 4 days (all we have)−1.630%−$163 · spread now +0.258%, 7d avg +0.042%

Together, before fees−1.232%−$123 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and RISEx is 0.216% dearer against Phoenix than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.042%. The two prices were read 110 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	1.5100	0	get 0.0000% / 1h	35m 38s	$67K	$110K	15x
Short	RISEx XRP/USDC	1.5139	0.0456	get 0.0057% / 1h	35m 38s	$536K	$783K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.258%Rate

Funding earned: $95.83
Price spread: +0.258% → +0.042%: $21.63
Slippage, 4 orders: −$66.68
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: $37.78
Costs to cover: 0.797%
Break-even: 4.2 days

Slippage from Phoenix: live order book, 12 min ago; RISEx: live order book, 33 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, 12 min ago	6.57 bp	35.8 bp −$36	94.8 bp −$948	doesn't fit	doesn't fit
Sell RISEx live order book, 33 min ago	1.01 bp	4.0 bp −$4	11.1 bp −$111	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	1.5135	+0.232%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5124	+0.159%	$1.1M	$120K	10x	as long as short
Phoenix XRPlong	0.0000%	1h	1.5100	long leg	$67K	$110K	15x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5124	+0.159%	$252K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0062%	1h	1.5123	+0.149%	$801K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.046%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5128	+0.187%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0070%	8h	1.5127	+0.179%	$58K	$947K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5131	+0.207%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5132	+0.212%	$517K	$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	+0.0100%	8h	1.5127	+0.179%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5136	+0.242%	$806K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5132	+0.212%	$38.5M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5134	+0.223%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5136	+0.240%	$537.5M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5136	+0.238%	$340.3M	$942.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5139	+0.258%	$123.7M	$871.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5069	−0.205%	$561K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5138	+0.252%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5101	+0.007%	$1.6M	$307K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5134	+0.225%	$367.3M	$151.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5133	+0.219%	$290.5M	$907.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5127	+0.176%	$106.7M	$172.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5134	+0.225%	$265.7M	$385.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5130	+0.199%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5126	+0.173%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5093	−0.046%	$655K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5084	−0.108%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5107	+0.046%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5115	+0.099%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5129	+0.192%	$45K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5128	+0.185%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5131	+0.203%	$814K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5136	+0.238%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5130	+0.199%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5130	+0.199%	$49.6M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5130	+0.199%	$53.8M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5132	+0.214%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5131	+0.203%	$2.0M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5130	+0.195%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5136	+0.238%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0209%	1h	1.5140	+0.267%	$280.1M	$221.1M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5124	+0.161%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5138	+0.252%	$5.7M	$46.6M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.616%	$24.0M	$75.2M	125x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0279%	1h	1.5133	+0.219%	$7.6M	$25.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5094	−0.041%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0337%	1h	1.5141	+0.272%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0342%	8h	1.5112	+0.079%	$2.1M	$36.1M	2.9x	as long as short
RISEx XRP/USDCshort	+0.0456%	1h	1.5139	+0.258%	$536K	$783K	10x
Aftermath Perps XRPUSD	+0.0798%	1h	1.5117	+0.111%	$2K	$14K	10x	as long as short