Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.003%
Price spread now: Bitget against Phoenix+0.007%49s7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$840.844% of the position
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.007%, 7d avg −0.014%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.021% dearer against Phoenix than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.014%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XRP | 1.5220 | 0 | get 0.0000% / 1h | 4m 40s | $68K | $110K | 15x |
| Short | Bitget XRPUSDT | 1.5221 | 0.0100 | get 0.0100% / 8h | 1h 04m | $269.0M | $395.4M | 125x |
Phoenix XRP
Bitget XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phoenix. 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
- $21
- Price spread: +0.007% → −0.014%
- $2.1
- Slippage, 4 orders
- −$65.43
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$61.33
- Costs to cover
- 0.844%
- Break-even
- 27.4 days
Slippage from Phoenix: live order book, 18 min ago; Bitget: live order book, 5 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, 18 min ago | 6.57 bp | 35.8 bp −$36 | 94.7 bp −$947 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 0.33 bp | 6.3 bp −$6 | 8.5 bp −$85 | 17.3 bp −$1,728 | 24.6 bp −$12.3K |
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 | 1.5243 | +0.151% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5225 | +0.033% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRPlong | 0.0000% | 1h | 1.5220 | long leg | $68K | $110K | 15x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5226 | +0.037% | $246K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0024% | 1h | 1.5225 | +0.030% | $14.5M | $74.6M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.234% | $2K | $107K | 30x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0078% | 1h | 1.5230 | +0.066% | $7.9M | $24.5M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0092% / S −0.0047% | 1h | 1.5225 | +0.035% | $786K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5226 | +0.042% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5226 | +0.039% | $546K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
Deribit XRP_USDC-PERPETUAL
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5214 | −0.039% | $11K | $370K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5227 | +0.043% | $1.0M | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5224 | +0.024% | $38.6M | $87.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5226 | +0.041% | $617K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5225 | +0.033% | $534.3M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5223 | +0.020% | $349.2M | $960.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5226 | +0.039% | $128.0M | $881.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5197 | −0.151% | $567K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5229 | +0.059% | $145K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5223 | +0.022% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5223 | +0.020% | $378.0M | $162.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5225 | +0.033% | $313.3M | $933.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5224 | +0.024% | $107.6M | $183.2M | 75x | as long as short |
| Bitget XRPUSDTshort | +0.0100% | 8h | 1.5221 | +0.007% | $269.0M | $395.4M | 125x | |
| BingX XRP-USDC | +0.0100% | 8h | 1.5223 | +0.020% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5235 | +0.097% | $4.8M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5218 | −0.011% | $661K | $113.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5212 | −0.052% | $1.1M | $35.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5225 | +0.033% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5233 | +0.088% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5228 | +0.053% | $50K | $510K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5228 | +0.054% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5227 | +0.046% | $75K | $686K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5248 | +0.183% | $820K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5230 | +0.062% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5227 | +0.046% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5230 | +0.064% | $49.7M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5227 | +0.046% | $54.5M | $32.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5231 | +0.070% | $475K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5217 | −0.018% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5225 | +0.032% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0120% | 1h | 1.5226 | +0.039% | $9K | $2K | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0120% | 1h | 1.5241 | +0.135% | $17K | $79K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0173% | 1h | 1.5234 | +0.092% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5233 | +0.085% | $5.7M | $48.3M | 50x | as long as short |
| Hyperliquid XRP | +0.0216% | 1h | 1.5238 | +0.118% | $290.2M | $266.5M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0218% | 8h | 1.5236 | +0.105% | $1.8M | $34.8M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5224 | +0.028% | $1.3M | $4K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5227 | +0.046% | $23.7M | $78.0M | 125x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5228 | +0.053% | $530K | $806K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0700% | 1h | 1.5236 | +0.105% | $2K | $16K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
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
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
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hyperliquid XRP
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD