Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Phemex+0.015%7-day average −0.006% · 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−$287as in the Price arb table
costs, in and out, $10k−$2892.888% of the position
Funding, last 3 days (all we have)−0.097%−$10 on $10k
+Price spread, last 4 days (all we have)+0.274%+$27 · spread now +0.015%, 7d avg −0.006%
=The price spread pays, funding is against you. gTrade (Gains Network) is 0.022% dearer against Phemex than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.006%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XRPUSDT | 1.5158 | 0.0100 | pay 0.0100% / 8h | 4h 37m | $54.1M | $30.6M | 50x |
| Short | gTrade (Gains Network) XRP/USD | 1.5160 | L +0.0003% / S −0.0004% | get 0.0001% / 1h | 37m 44s | $253K | — | 150x |
Phemex XRPUSDT
gTrade (Gains Network) XRP/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$20.13
- Price spread: +0.015% → −0.006%
- $2.15
- Slippage, 4 orders
- −$266.76
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$306.74
- Costs to cover
- 2.888%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 21 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, 6 min ago | 2.31 bp | 9.8 bp −$10 | 15.1 bp −$151 | 21.8 bp −$2,177 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 21 min ago | 130.03 bp | 135.0 bp −$135 | 193.2 bp −$1,932 | 1958.1 bp −$195.8K | 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 | 1.5162 | +0.026% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5159 | +0.008% | $14.3M | $73.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5161 | +0.020% | $1.1M | $114K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5150 | −0.053% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USDshort | L +0.0003% / S −0.0004% | 1h | 1.5160 | +0.015% | $253K | — | 150x | |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5165 | +0.046% | $7.7M | $25.5M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.652% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0040% / S +0.0030% | 1h | 1.5160 | +0.016% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5156 | −0.013% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0081% | 8h | 1.5163 | +0.033% | $62K | $935K | 50x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Orderly PERP_XRP_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XRP | +0.0096% | 1h | 1.5161 | +0.017% | $2.8M | $14.6M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5164 | +0.040% | $510K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0097% | 8h | 1.5148 | −0.066% | $9K | $324K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5164 | +0.043% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5169 | +0.073% | $281.7M | $225.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5163 | +0.030% | $38.4M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5162 | +0.025% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5158 | +0.003% | $534.1M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5156 | −0.013% | $344.8M | $931.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5156 | −0.013% | $125.9M | $874.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5175 | +0.112% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5148 | −0.066% | $110K | $717K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5146 | −0.081% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5156 | −0.013% | $369.9M | $153.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5158 | 0.000% | $289.9M | $897.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5157 | −0.007% | $108.0M | $173.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5153 | −0.033% | $267.8M | $384.3M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5155 | −0.020% | — | $126.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5148 | −0.068% | $5.4M | $37.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5151 | −0.045% | $658K | $108.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5180 | +0.145% | $1.1M | $35.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5149 | −0.059% | $1.2M | $1.1M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5163 | +0.033% | $44K | $453K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5161 | +0.022% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5166 | +0.050% | $816K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5165 | +0.047% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5161 | +0.020% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5159 | +0.009% | $49.6M | $15.7M | 75x | as long as short |
| Phemex XRPUSDTlong | +0.0100% | 8h | 1.5158 | long leg | $54.1M | $30.6M | 50x | |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5163 | +0.036% | $473K | $55K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5162 | +0.023% | — | $11K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5151 | −0.048% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5164 | +0.039% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0160% | 1h | 1.5152 | −0.038% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0164% | 1h | 1.5171 | +0.086% | $1.9M | $1.3M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5170 | +0.079% | $5.6M | $47.2M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5161 | +0.021% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5141 | −0.112% | $24.1M | $76.0M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0315% | 8h | 1.5152 | −0.040% | $2.1M | $34.5M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5158 | +0.001% | $516K | $779K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0658% | 1h | 1.5155 | −0.017% | $2K | $15K | 10x | as long as short |
Lighter XRP
Lighter RH XRP
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
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
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Paradex XRP-USD-PERP
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD