Funding you earn now, next payment 22:00 UTC+0.0416%/8h= +45.5% APRnext payment +$0.52 per $10,000 · paid last 24h −0.022%
Price spread now: Phoenix against Ondo Perps−0.160%108s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Funding pays, the price is against you. Phoenix is 0.160% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.160% 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 −0.114%, so the current rate has only just turned in your favour. The two prices were read 108 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 -0.114% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 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 | Ondo Perps XRP-USD.P | 1.5615 | 0.0100 | pay 0.0013% / 1h | 45m 45s | $581K | $41K | 5x |
| Short | Phoenix XRP | 1.5590 | 0.0516 | get 0.0064% / 1h | 45m 45s | $69K | $90K | 15x |
Ondo Perps XRP-USD.P
Phoenix XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Ondo Perps. 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: −0.160% → 0.000%
- −$16.01
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $59.31
- Costs to cover
- 0.120%
- Break-even
- 2.2 days
Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Ondo Perps and 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 | 1.5636 | +0.134% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5691 | +0.488% | $1.1M | $104K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5637 | +0.144% | $262K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0006% | 1h | 1.5655 | +0.256% | $9.6M | $24.9M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −2.081% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5645 | +0.189% | $15.7M | $67.5M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0052% | 8h | 1.5652 | +0.237% | $82K | $935K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0080% / S +0.0144% | 1h | 1.5639 | +0.151% | $925K | — | 200x | as long as short |
| Hibachi XRP/USDT-P | +0.0088% | 1h | 1.5608 | −0.048% | $19K | $73K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5677 | +0.395% | $3.0M | $11.7M | 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
Orderly PERP_XRP_USDC
GMX XRP/USD [ETH-USDC]
Hibachi XRP/USDT-P
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5700 | +0.544% | $461K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5627 | +0.080% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5672 | +0.368% | $39.9M | $75.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5690 | +0.483% | $678K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5696 | +0.518% | $569.5M | $1.92B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5697 | +0.525% | $356.1M | $872.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5696 | +0.519% | $129.1M | $872.3M | 100x | as long as short |
| Ondo Perps XRP-USD.Plong | +0.0100% | 1h | 1.5615 | long leg | $581K | $41K | 5x | |
| Arcus XRP-USD | +0.0100% | 1h | 1.5638 | +0.147% | $121K | $724K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5527 | −0.564% | $1.7M | $572K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5664 | +0.314% | $373.1M | $135.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5695 | +0.512% | $292.2M | $825.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5677 | +0.398% | $113.4M | $153.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5674 | +0.378% | $272.1M | $353.0M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5666 | +0.327% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5524 | −0.582% | $11.8M | $29.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5540 | −0.480% | $675K | $98.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5571 | −0.285% | $1.1M | $41.9M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5583 | −0.205% | $1.0M | $878K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5629 | +0.088% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5637 | +0.141% | $53K | $437K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5639 | +0.152% | $42K | $62K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5654 | +0.250% | $843K | $71K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5652 | +0.234% | $131K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5648 | +0.211% | $31K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5636 | +0.136% | $51.4M | $15.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5645 | +0.192% | $55.7M | $28.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5696 | +0.516% | $489K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5628 | +0.083% | $12K | $248K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5653 | +0.242% | $2.2M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5652 | +0.236% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5635 | +0.128% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5634 | +0.119% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5656 | +0.263% | $5.8M | $46.4M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5619 | +0.026% | $24.6M | $71.9M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0337% | 8h | 1.5643 | +0.179% | $1.9M | $32.0M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0360% | 1h | 1.5656 | +0.263% | $1.8M | $976K | 25x | as long as short |
| Phoenix XRPshort | +0.0516% | 1h | 1.5590 | −0.160% | $69K | $90K | 15x | |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5638 | +0.146% | $410K | $533K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0606% | 1h | 1.5598 | −0.110% | $1K | $11K | 10x | as long as short |
| Hyperliquid XRP | +0.0653% | 1h | 1.5685 | +0.449% | $290.4M | $196.7M | 20x | as long as short |
Lighter RH XRP
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
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
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
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
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD
Hyperliquid XRP