Funding you earn now, next payment 07:00 UTC+0.0426%/8h= +46.7% APRnext payment +$0.53 per $10,000 · paid last 24h +0.003%
Price spread now: Phoenix against ApeX Omni−0.059%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$880.882% of the position
Funding, last 7 days−0.215%−$21 on $10k
+Price spread, last 4 days (all we have)+0.624%+$62 · spread now −0.059%, 7d avg −0.026%
=Funding pays, the price is against you. Phoenix is 0.033% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.026%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.215%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.215% in total (about -11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni XRPUSDT | 1.5239 | 0.0100 | pay 0.0013% / 1h | 35m 49s | $1.2M | $1.2M | 50x |
| Short | Phoenix XRP | 1.5230 | 0.0526 | get 0.0066% / 1h | 35m 49s | $68K | $110K | 15x |
ApeX Omni XRPUSDT
Phoenix XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against ApeX Omni. 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
- $89.53
- Price spread: −0.059% → −0.026%
- −$3.33
- Slippage, 4 orders
- −$71.19
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$2
- Costs to cover
- 0.882%
- Break-even
- 7.2 days
Slippage from ApeX Omni: live order book, 8 min ago; Phoenix: live order book, 47 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 ApeX Omni live order book, 8 min ago | 2.95 bp | 8.1 bp −$8 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 47 min ago | 6.57 bp | 35.8 bp −$36 | 83.5 bp −$835 | 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 | 1.5179 | −0.394% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5171 | −0.443% | $1.1M | $148K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5164 | −0.492% | $7.8M | $24.1M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5163 | −0.502% | $245K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.106% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5157 | −0.541% | $14.5M | $73.8M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5154 | −0.558% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5155 | −0.551% | $602K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5156 | −0.545% | $20K | $380K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5154 | −0.558% | $1.0M | $6.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XRPUSDT | +0.0100% | 8h | 1.5157 | −0.539% | $38.4M | $86.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5169 | −0.458% | $612K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5158 | −0.530% | $530.4M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5153 | −0.564% | $349.2M | $955.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5154 | −0.558% | $127.8M | $868.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5179 | −0.394% | $564K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5164 | −0.492% | $144K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | −0.322% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5159 | −0.525% | $377.7M | $160.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5160 | −0.518% | $311.9M | $922.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5160 | −0.516% | $106.2M | $183.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5149 | −0.591% | $267.7M | $390.5M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5154 | −0.558% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5150 | −0.587% | $4.9M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5205 | −0.222% | $660K | $113.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5210 | −0.191% | $1.1M | $35.0M | 20x | as long as short |
| ApeX Omni XRPUSDTlong | +0.0100% | 1h | 1.5239 | long leg | $1.2M | $1.2M | 50x | |
| Vest XRP-PERP | +0.0100% | 1h | 1.5168 | −0.465% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5162 | −0.505% | $51K | $511K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5162 | −0.502% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5163 | −0.499% | $77K | $688K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5160 | −0.516% | $816K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5166 | −0.482% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5157 | −0.538% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5163 | −0.499% | $49.5M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5153 | −0.564% | $54.1M | $32.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5167 | −0.472% | $473K | $55K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0101% / S −0.0061% | 1h | 1.5163 | −0.498% | $782K | — | 200x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5155 | −0.549% | $2.1M | $6.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5161 | −0.512% | $8K | $2K | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0104% | 1h | 1.5194 | −0.298% | $17K | $78K | 7x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5158 | −0.534% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0127% | 1h | 1.5170 | −0.453% | $289.4M | $267.7M | 20x | as long as short |
| Backpack XRP_USDC_PERP | +0.0147% | 1h | 1.5165 | −0.486% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5160 | −0.518% | $5.6M | $48.2M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0192% | 8h | 1.5178 | −0.400% | $1.8M | $34.5M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5157 | −0.540% | $1.3M | $4K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5169 | −0.459% | $23.5M | $77.6M | 125x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5165 | −0.488% | $521K | $806K | 10x | as long as short |
| Phoenix XRPshort | +0.0526% | 1h | 1.5230 | −0.059% | $68K | $110K | 15x | |
| Aftermath Perps XRPUSD | +0.0645% | 1h | 1.5208 | −0.205% | $2K | $16K | 10x | as long as short |
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
GMX XRP/USD [ETH-USDC]
Extended XRP-USD
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Aevo XRP-PERP
Hyperliquid XRP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD