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Funding arb · Price arb /

XRP

all XRP markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Phemex+0.003%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Long on PhemexShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.035%−$4 on $10k
Price spread, last 4 days (all we have)+0.103%+$10 · spread now +0.003%, 7d avg −0.001%
Together, before fees+0.068%+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XRPUSDT1.52020.0100pay 0.0100% / 8h3h 45m$54.2M$31.1M50x
ShortBinance XRPUSDT1.52020.0100get 0.0100% / 8h3h 45m$534.5M$2.14B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Phemex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.003% → −0.001%
$0.37
Slippage, 4 orders
−$15.09
Fee Phemex: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$36.71
Costs to cover
0.371%
Break-even
never at this rate
Slippage from Phemex: live order book, 3 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago3.61 bp10.9 bp −$1112.0 bp −$12027.1 bp −$2,712doesn't fit
Sell Binance live order book, 13 min ago0.33 bp5.3 bp −$55.6 bp −$5611.5 bp −$1,14525.8 bp −$12.9K

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5206+0.026%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5203+0.005%$1.1M$111K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5201−0.007%$262K—150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.5205+0.020%$7.8M$25.6M50xas long as short
Kraken Futures PF_XRPUSD+0.0021%1h1.5199−0.018%$14.4M$74.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.355%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0051% / S +0.0015%1h1.5201−0.007%$780K—200xas long as short
Lighter XRP+0.0096%1h1.5205+0.021%$2.9M$14.6M20xas long as short
Lighter RH XRP+0.0096%1h1.52020.000%$498K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5197−0.033%$12K$343K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_XRP_USDC+0.0099%8h1.5203+0.007%$62K$934K50xas long as short
Nado XRP-PERP+0.0100%1h1.5206+0.030%$1.0M$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5201−0.003%$38.4M$84.6M100xas long as short
Pacifica XRP+0.0100%1h1.5203+0.006%$610K$1.1M20xas long as short
Binance XRPUSDTshort+0.0100%8h1.5202+0.003%$534.5M$2.14B100x
Bybit XRPUSDT+0.0100%8h1.52020.000%$346.8M$941.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5203+0.007%$127.3M$887.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5232+0.197%$566K$29K5xas long as short
Arcus XRP-USD+0.0100%1h1.5201−0.007%$118K$702K20xas long as short
Bulk XRP-USD+0.0100%1h1.5181−0.138%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5204+0.013%$371.6M$153.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5204+0.013%$293.2M$899.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5209+0.045%$108.9M$176.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5200−0.013%$269.2M$388.5M125xas long as short
BingX XRP-USDC+0.0100%8h1.5207+0.033%—$4.2M—as long as short
Variational Omni XRP+0.0100%8h1.5202−0.001%$4.9M$38.2M—as long as short
edgeX XRPUSDC+0.0100%4h1.5208+0.039%$660K$109.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5208+0.040%$1.1M$36.7M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5214+0.079%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5206+0.025%—$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5207+0.033%$45K$476K20xas long as short
Bullet XRP-USD+0.0100%1h1.5203+0.006%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5205+0.016%$818K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5201−0.005%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5203+0.007%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5202+0.002%$49.7M$15.7M75xas long as short
Phemex XRPUSDTlong+0.0100%8h1.5202long leg$54.2M$31.1M50x
Paradex XRP-USD-PERP+0.0100%8h1.5200−0.016%$474K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5203+0.008%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5202+0.002%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0160%1h1.5204+0.013%$9K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5207+0.033%$5.6M$47.6M50xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5201−0.005%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5212+0.066%$24.1M$76.0M125xas long as short
Hibachi XRP/USDT-P+0.0248%1h1.5214+0.077%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0277%8h1.5212+0.066%$2.0M$35.1M2.9xas long as short
Hyperliquid XRP+0.0298%1h1.5214+0.079%$292.6M$234.6M20xas long as short
Backpack XRP_USDC_PERP+0.0303%1h1.5209+0.046%$2.0M$1.4M25xas long as short
RISEx XRP/USDC+0.0358%1h1.5203+0.004%$518K$773K10xas long as short
Phoenix XRP+0.0528%1h1.5220+0.118%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0650%1h1.5212+0.068%$2K$15K10xas long as short