Funding you earn now, next payment 22:00 UTC+0.0416%/8h= +45.5% APRnext payment +$0.52 per $10,000 · paid last 24h −0.023%
Price spread now: Phoenix against Pacifica−0.207%47s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Phoenix is 0.207% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.207% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 40 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.219%, so the current rate has only just turned in your favour. The two prices were read 47 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 -0.219% in total (about -11.4% 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 | Pacifica XRP | 1.5582 | 0.0100 | pay 0.0013% / 1h | 16m 38s | $641K | $1.1M | 20x |
| Short | Phoenix XRP | 1.5550 | 0.0516 | get 0.0064% / 1h | 16m 38s | $69K | $90K | 15x |
Pacifica XRP
Phoenix XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. 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: −0.207% → 0.000%
- −$20.65
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $51.67
- Costs to cover
- 0.150%
- Break-even
- 2.9 days
Slippage unknown: Pacifica: live order book, 2 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 Pacifica live order book, 2 min ago | 0.96 bp | 5.5 bp −$6 | 6.4 bp −$64 | doesn't fit | doesn't fit |
| 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 | 1.5582 | −0.001% | $7K | $2K | 20x | as long as short |
| GMX XRP/USD [ETH-USDC] | L −0.0003% / S +0.0117% | 1h | 1.5565 | −0.113% | $852K | — | 200x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5574 | −0.050% | $1.1M | $113K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5568 | −0.091% | $9.6M | $25.2M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5565 | −0.109% | $260K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | −0.142% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5563 | −0.122% | $15.5M | $68.5M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0054% | 8h | 1.5569 | −0.085% | $78K | $949K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5579 | −0.023% | $3.0M | $12.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5582 | −0.001% | $441K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
GMX XRP/USD [ETH-USDC]
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
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 | 1.5575 | −0.049% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5576 | −0.041% | $39.5M | $78.7M | 100x | as long as short |
| Pacifica XRPlong | +0.0100% | 1h | 1.5582 | long leg | $641K | $1.1M | 20x | |
| Binance XRPUSDT | +0.0100% | 8h | 1.5581 | −0.010% | $560.6M | $1.98B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5588 | +0.037% | $347.0M | $900.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5585 | +0.018% | $127.7M | $883.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5554 | −0.181% | $579K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5593 | +0.069% | $119K | $744K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5567 | −0.099% | $1.7M | $578K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5590 | +0.050% | $374.8M | $140.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5580 | −0.014% | $300.1M | $859.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5578 | −0.026% | $114.1M | $159.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5592 | +0.063% | $272.3M | $364.2M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5575 | −0.046% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5549 | −0.216% | $11.8M | $30.1M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5567 | −0.099% | $676K | $102.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5549 | −0.212% | $1.1M | $41.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5555 | −0.174% | $1.0M | $883K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5569 | −0.084% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5581 | −0.008% | $47K | $447K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5567 | −0.097% | $42K | $66K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5567 | −0.096% | $838K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5588 | +0.035% | $131K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5566 | −0.104% | $32K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5573 | −0.056% | $51.2M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5571 | −0.072% | $55.4M | $29.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5579 | −0.021% | $486K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5584 | +0.012% | $11K | $261K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5588 | +0.035% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5565 | −0.111% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0176% | 1h | 1.5590 | +0.050% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5572 | −0.068% | $1.4M | $9K | 15x | as long as short |
| Hibachi XRP/USDT-P | +0.0216% | 1h | 1.5558 | −0.155% | $18K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5574 | −0.052% | $5.8M | $47.3M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5567 | −0.097% | $24.5M | $73.6M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0294% | 1h | 1.5577 | −0.033% | $1.8M | $1.0M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0324% | 8h | 1.5588 | +0.037% | $1.9M | $33.1M | 2.9x | as long as short |
| Phoenix XRPshort | +0.0516% | 1h | 1.5550 | −0.207% | $69K | $90K | 15x | |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5602 | +0.125% | $511K | $630K | 10x | as long as short |
| Hyperliquid XRP | +0.0596% | 1h | 1.5594 | +0.076% | $291.4M | $204.3M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0758% | 1h | 1.5566 | −0.106% | $1K | $11K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
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
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
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD