Funding you earn now, next payment 07:00 UTC+0.0422%/8h= +46.2% APRnext payment +$0.53 per $10,000 · paid last 24h +0.002%
Price spread now: Phoenix against Extended+0.096%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$780.785% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 4 days (all we have)+1.353%+$135 · spread now +0.096%, 7d avg +0.044%
=Together, before fees+1.115%+ Points / potential airdropExtended: Active · farm board+$112 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phoenix is 0.052% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.044%. Mind the row above: over the last 7 days funding on this pair cost −0.238%, 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 -0.238% in total (about -12.4% 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 | Extended XRP-USD | 1.5165 | 0.0104 | pay 0.0013% / 1h | 16m 43s | $2.1M | $6.9M | 50x |
| Short | Phoenix XRP | 1.5180 | 0.0526 | get 0.0066% / 1h | 16m 43s | $67K | $110K | 15x |
Extended XRP-USD
Phoenix XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Extended. 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
- $88.69
- Price spread: +0.096% → +0.044%
- $5.19
- Slippage, 4 orders
- −$66.49
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $15.39
- Costs to cover
- 0.785%
- Break-even
- 5.8 days
Slippage from Extended: live order book, 2 min ago; Phoenix: live order book, 1 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 Extended live order book, 2 min ago | 0.33 bp | 3.9 bp −$4 | 5.9 bp −$59 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 1 min ago | 6.58 bp | 35.9 bp −$36 | 83.7 bp −$837 | 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 | 1.5160 | −0.036% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5169 | +0.023% | $1.1M | $148K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5161 | −0.027% | $245K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5169 | +0.024% | $7.7M | $24.2M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.602% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5170 | +0.033% | $14.5M | $73.8M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5169 | +0.023% | $2.8M | $15.2M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5168 | +0.017% | $604K | $3.2M | 20x | as long as short |
| Hibachi XRP/USDT-P | +0.0096% | 1h | 1.5163 | −0.018% | $17K | $78K | 7x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5160 | −0.036% | $20K | $383K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Lighter XRP
Lighter RH XRP
Hibachi XRP/USDT-P
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5163 | −0.016% | $998K | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5167 | +0.010% | $38.5M | $86.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5168 | +0.015% | $610K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5164 | −0.012% | $529.0M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5160 | −0.036% | $349.3M | $951.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5163 | −0.016% | $127.1M | $863.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5179 | +0.090% | $564K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5170 | +0.030% | $143K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5178 | +0.083% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5171 | +0.037% | $377.7M | $162.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5166 | +0.004% | $307.2M | $927.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5168 | +0.020% | $106.6M | $183.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5161 | −0.029% | $268.7M | $389.1M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5169 | +0.024% | — | $107.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5131 | −0.228% | $4.8M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5169 | +0.025% | $660K | $113.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5177 | +0.075% | $1.1M | $34.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5181 | +0.103% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5167 | +0.013% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5162 | −0.022% | $52K | $515K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5162 | −0.020% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5164 | −0.009% | $77K | $689K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5167 | +0.008% | $816K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5164 | −0.007% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5166 | +0.004% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5160 | −0.033% | $49.5M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5168 | +0.017% | $54.0M | $32.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5169 | +0.026% | $473K | $55K | 50x | as long as short |
| Extended XRP-USDlong | +0.0104% | 1h | 1.5165 | long leg | $2.1M | $6.9M | 50x | |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5167 | +0.011% | $8K | $2K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5164 | −0.012% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0106% / S −0.0069% | 1h | 1.5162 | −0.025% | $774K | — | 200x | as long as short |
| Hyperliquid XRP | +0.0142% | 1h | 1.5183 | +0.116% | $289.9M | $268.1M | 20x | as long as short |
| Backpack XRP_USDC_PERP | +0.0166% | 1h | 1.5180 | +0.096% | $2.0M | $1.4M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0172% | 8h | 1.5171 | +0.037% | $1.8M | $34.0M | 2.9x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5172 | +0.043% | $5.6M | $48.0M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5163 | −0.016% | $23.6M | $77.7M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5156 | −0.060% | $1.3M | $4K | 15x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5169 | +0.024% | $521K | $807K | 10x | as long as short |
| Phoenix XRPshort | +0.0526% | 1h | 1.5180 | +0.096% | $67K | $110K | 15x | |
| Aftermath Perps XRPUSD | +0.0599% | 1h | 1.5158 | −0.048% | $2K | $16K | 10x | as long as short |
Nado XRP-PERP
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
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
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
01 Exchange XRPUSD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
Hyperliquid XRP
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD