XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0420%/8h= −46.0% APRnext payment −$0.53 per $10,000 · paid last 24h +0.017%

Price spread now: ApeX Omni against Phoenix+0.079%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$880.879% of the position

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.235%+$23 on $10k

Price spread, last 3 days (all we have)−0.300%−$30 · spread now +0.079%, 7d avg +0.031%

Together, before fees−0.066%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.047% dearer against Phoenix than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.031%): +$5 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.235%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.235% in total (about 12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.53 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	Phoenix XRP	1.5240	0.0520	pay 0.0065% / 1h	0m 43s	$68K	$110K	15x
Short	ApeX Omni XRPUSDT	1.5252	0.0100	get 0.0013% / 1h	0m 43s	$1.2M	$999K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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

Position, each leg$Hold fordaysFee PhoenixbpFee ApeX OmnibpOrdersPrice spread, now +0.079%Rate

Funding earned: −$88.3
Price spread: +0.079% → +0.031%: $4.73
Slippage, 4 orders: −$70.85
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$171.43
Costs to cover: 0.879%
Break-even: never at this rate

Slippage from Phoenix: live order book, 52 min ago; ApeX Omni: 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 Phoenix live order book, 52 min ago	6.49 bp	35.4 bp −$35	94.1 bp −$941	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 3 min ago	2.29 bp	9.1 bp −$9	20.7 bp −$207	doesn't fit	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	1.5246	+0.039%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5193	−0.306%	$1.1M	$116K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5215	−0.164%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5216	−0.157%	$9.2M	$24.6M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0070%	1h	1.5213	−0.178%	$834K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.100%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5217	−0.151%	$57K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5234	−0.039%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5210	−0.194%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5199	−0.269%	$508K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5227	−0.085%	$9K	$282K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5195	−0.294%	$474K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5221	−0.124%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5194	−0.302%	$38.4M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5198	−0.275%	$625K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5198	−0.276%	$535.9M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5199	−0.269%	$338.8M	$922.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5197	−0.282%	$122.5M	$863.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5215	−0.164%	$567K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5240	0.000%	$115K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.720%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5200	−0.262%	$366.8M	$154.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5198	−0.276%	$297.9M	$919.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5204	−0.238%	$110.0M	$168.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5210	−0.197%	$266.6M	$377.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5196	−0.289%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5216	−0.159%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5260	+0.130%	$663K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5328	+0.576%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5252	+0.079%	$1.2M	$999K	50x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5229	−0.072%	$45K	$448K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5218	−0.143%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5219	−0.139%	$819K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5221	−0.122%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5215	−0.164%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5210	−0.198%	$49.9M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5214	−0.171%	$54.0M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5230	−0.067%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5191	−0.323%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5213	−0.176%	$58K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5216	−0.156%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5210	−0.197%	$24.1M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5220	−0.131%	$5.7M	$46.3M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0246%	1h	1.5213	−0.178%	$14.3M	$70.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0303%	1h	1.5218	−0.144%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5252	+0.077%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0322%	8h	1.5236	−0.026%	$2.0M	$34.8M	2.9x	as long as short
Hyperliquid XRP	+0.0355%	1h	1.5211	−0.190%	$283.7M	$218.3M	20x	as long as short
Phoenix XRPlong	+0.0520%	1h	1.5240	long leg	$68K	$110K	15x
RISEx XRP/USDC	+0.0828%	1h	1.5236	−0.025%	$539K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0853%	1h	1.5298	+0.380%	$2K	$13K	10x	as long as short