Funding you earn now, next payment 22:00 UTC+0.0416%/8h= +45.5% APRpaid last 24h −0.023%
Price spread now: Phoenix against Binance−0.162%65s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.162% cheaper against Binance than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 31 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.137%, so the current rate has only just turned in your favour. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.137% in total (about -7.1% a year). A funding rate is set anew for every payment. 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 | Binance XRPUSDT | 1.5525 | 0.0100 | pay 0.0100% / 8h | 1h 06m | $558.6M | $1.99B | 100x |
| Short | Phoenix XRP | 1.5500 | 0.0516 | get 0.0064% / 1h | 6m 25s | $69K | $90K | 15x |
Binance XRPUSDT
Phoenix XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $87.32
- Price spread: −0.162% → 0.000%
- −$16.16
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $54.16
- Costs to cover
- 0.170%
- Break-even
- 2.7 days
Slippage unknown: Binance: live order book, 8 min ago; Phoenix: no order-book sample. Net counts fees only.
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 Binance live order book, 8 min ago | 0.32 bp | 5.3 bp −$5 | 5.7 bp −$57 | 12.1 bp −$1,208 | 28.4 bp −$14.2K |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.5513 | −0.078% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5506 | −0.120% | $1.1M | $113K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5521 | −0.026% | $9.5M | $25.1M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0001% / S +0.0113% | 1h | 1.5522 | −0.018% | $853K | — | 200x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5521 | −0.026% | $260K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +0.225% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5519 | −0.041% | $15.5M | $68.5M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0055% | 8h | 1.5521 | −0.026% | $76K | $909K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5516 | −0.059% | $3.0M | $12.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5518 | −0.046% | $443K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
GMX XRP/USD [ETH-USDC]
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5520 | −0.035% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5523 | −0.011% | $39.5M | $79.1M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5518 | −0.047% | $639K | $1.1M | 20x | as long as short |
| Binance XRPUSDTlong | +0.0100% | 8h | 1.5525 | long leg | $558.6M | $1.99B | 100x | |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5521 | −0.026% | $346.4M | $903.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5520 | −0.033% | $127.8M | $881.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5467 | −0.374% | $576K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5522 | −0.020% | $119K | $746K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5501 | −0.153% | $1.7M | $578K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5523 | −0.013% | $363.8M | $143.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5526 | +0.006% | $299.1M | $868.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5523 | −0.012% | $113.4M | $160.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5522 | −0.020% | $271.1M | $366.2M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5522 | −0.020% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5501 | −0.152% | $11.8M | $30.2M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5508 | −0.110% | $673K | $101.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5513 | −0.077% | $1.1M | $41.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5507 | −0.116% | $1.0M | $884K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5526 | +0.006% | $46K | $449K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5524 | −0.006% | $42K | $66K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5523 | −0.014% | $836K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5526 | +0.003% | $130K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5520 | −0.033% | $32K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5488 | −0.241% | $50.9M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5502 | −0.149% | $55.1M | $29.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5514 | −0.073% | — | $10K | 10x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5517 | −0.053% | $484K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5519 | −0.039% | $11K | $261K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5517 | −0.050% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5520 | −0.035% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0176% | 1h | 1.5527 | +0.012% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5521 | −0.029% | $1.4M | $8K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5529 | +0.025% | $6.0M | $47.5M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5499 | −0.168% | $24.6M | $73.6M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0256% | 1h | 1.5494 | −0.198% | $18K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0290% | 1h | 1.5515 | −0.065% | $1.7M | $1.0M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0321% | 8h | 1.5485 | −0.258% | $1.9M | $33.2M | 2.9x | as long as short |
| Phoenix XRPshort | +0.0516% | 1h | 1.5500 | −0.162% | $69K | $90K | 15x | |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5534 | +0.059% | $509K | $631K | 10x | as long as short |
| Hyperliquid XRP | +0.0582% | 1h | 1.5539 | +0.090% | $290.5M | $204.6M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0770% | 1h | 1.5520 | −0.034% | $1K | $11K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
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
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Vest XRP-PERP
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD