Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bulk against Phemex+0.254%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Funding, last 4 days (all we have)−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.254%, 7d avg +0.022%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.232% dearer against Phemex than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XRPUSDT | 1.5340 | 0.0100 | pay 0.0100% / 8h | 5h 48m | $54.7M | $33.3M | 50x |
| Short | Bulk XRP-USD | 1.5379 | 0.0100 | get 0.0013% / 1h | 48m 49s | $1.6M | $25K | 20x |
Phemex XRPUSDT
Bulk XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Phemex. 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
- $0
- Price spread: +0.254% → +0.022%
- $23.19
- Slippage, 4 orders
- −$9.81
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$5.61
- Costs to cover
- 0.288%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Bulk: live order book, 3 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 Phemex live order book, 3 min ago | 2.93 bp | 9.5 bp −$10 | 11.0 bp −$110 | 26.1 bp −$2,606 | doesn't fit |
| Sell Bulk live order book, 3 min ago | 0.65 bp | 4.2 bp −$4 | 5.7 bp −$57 | 12.2 bp −$1,217 | 31.9 bp −$16.0K |
XRP on 50 exchanges
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 | 1.5403 | +0.411% | $5K | $4K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0062% | 1h | 1.5338 | −0.011% | $14.0M | $70.7M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5337 | −0.018% | $1.1M | $154K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5340 | 0.000% | $69K | $108K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5338 | −0.013% | $7.8M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5357 | +0.109% | $246K | — | 150x | as long as short |
| 01 Exchange XRPUSD | +0.0008% | 1h | 1.5331 | −0.059% | $9K | $987 | 10x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.434% | $2K | $107K | 30x | as long as short |
| SoDEX XRP-USD | +0.0050% | 1h | 1.5336 | −0.026% | $29K | $1.5M | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5336 | −0.029% | $2.8M | $14.1M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
01 Exchange XRPUSD
Injective XRP/USDC PERP
SoDEX XRP-USD
Lighter XRPShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5342 | +0.013% | $597K | $3.1M | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5332 | −0.053% | $478K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5326 | −0.091% | $10K | $401K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5334 | −0.036% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5348 | +0.052% | $299.0M | $266.7M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5330 | −0.065% | $39.3M | $81.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5333 | −0.046% | $592K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5330 | −0.065% | $534.4M | $2.08B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5331 | −0.059% | $361.6M | $888.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5329 | −0.072% | $124.8M | $836.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5321 | −0.124% | $563K | $37K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5337 | −0.020% | $165K | $681K | 20x | as long as short |
| Bulk XRP-USDshort | +0.0100% | 1h | 1.5379 | +0.254% | $1.6M | $25K | 20x | |
| Gate XRP_USDT | +0.0100% | 8h | 1.5332 | −0.052% | $382.1M | $156.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5327 | −0.085% | $314.3M | $889.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5336 | −0.024% | $106.0M | $181.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5330 | −0.065% | $272.0M | $357.0M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5331 | −0.059% | — | $101.1M | — | as long as short |
| Backpack XRP_USDC_PERP | +0.0100% | 1h | 1.5348 | +0.052% | $2.0M | $1.2M | 25x | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5325 | −0.100% | $5.0M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5326 | −0.089% | $666K | $109.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5340 | +0.002% | $1.1M | $30.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5341 | +0.007% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5333 | −0.043% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5334 | −0.039% | $52K | $475K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5334 | −0.039% | $42K | $65K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5337 | −0.020% | $83K | $613K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5334 | −0.037% | $129K | $1.5M | 30x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5336 | −0.027% | $50.0M | $14.1M | 75x | as long as short |
| Phemex XRPUSDTlong | +0.0100% | 8h | 1.5340 | long leg | $54.7M | $33.3M | 50x | |
| Extended XRP-USD | +0.0104% | 1h | 1.5322 | −0.114% | $2.2M | $6.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5330 | −0.065% | $59K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0112% | 1h | 1.5326 | −0.093% | $17K | $76K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0112% | 1h | 1.5340 | 0.000% | $5.5M | $44.1M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0137% | 8h | 1.5341 | +0.007% | $1.9M | $35.1M | 2.9x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0203% / S −0.0551% | 1h | 1.5345 | +0.031% | $805K | — | 200x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5333 | −0.046% | $23.9M | $78.3M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0223% | 1h | 1.5323 | −0.111% | $1.4M | $1K | 15x | as long as short |
| RISEx XRP/USDC | +0.0239% | 1h | 1.5335 | −0.030% | $515K | $736K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0430% | 1h | 1.5356 | +0.103% | $3K | $13K | 10x | as long as short |
Lighter RH XRP
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Backpack XRP_USDC_PERP
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
SunX XRP-USDT
HTX XRP-USDT
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
GMX XRP/USD [ETH-USDC]
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD