Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.024%
Price spread now: edgeX against Phoenix−0.217%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$830.826% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.217%, 7d avg −0.021%
=Together, before fees+0.076%+ Points / potential airdropedgeX: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.197% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.217% now, against its 7-day average of −0.021%). If the spread goes back, that is −$20 on $10k: about 6.6 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.041% in total) that is about 34 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XRP | 1.5260 | 0 | get 0.0000% / 1h | 12m 20s | $68K | $110K | 15x |
| Short | edgeX XRPUSDC | 1.5227 | 0.0100 | get 0.0050% / 4h | 1h 12m | $661K | $114.2M | 30x |
Phoenix XRP
edgeX XRPUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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: −0.217% → −0.021%
- −$19.65
- Slippage, 4 orders
- −$66.59
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$81.24
- Costs to cover
- 0.826%
- Break-even
- 34.1 days
Slippage from Phoenix: live order book, 11 min ago; edgeX: live order book, 2 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, 11 min ago | 6.57 bp | 35.8 bp −$36 | 94.7 bp −$947 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 2 min ago | 0.99 bp | 5.5 bp −$5 | 5.6 bp −$56 | 9.0 bp −$903 | doesn't fit |
XRP on 50 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 | 1.5227 | −0.216% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5232 | −0.184% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRPlong | 0.0000% | 1h | 1.5260 | long leg | $68K | $110K | 15x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5226 | −0.226% | $246K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0024% | 1h | 1.5229 | −0.205% | $14.5M | $74.7M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.966% | $2K | $107K | 30x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0078% | 1h | 1.5234 | −0.170% | $7.9M | $24.6M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0090% / S −0.0044% | 1h | 1.5226 | −0.223% | $786K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5233 | −0.179% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5231 | −0.190% | $547K | $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 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5220 | −0.262% | $11K | $371K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5227 | −0.220% | $993K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5230 | −0.195% | $38.6M | $87.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5233 | −0.175% | $619K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5228 | −0.210% | $534.7M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5224 | −0.236% | $349.1M | $961.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5227 | −0.216% | $127.8M | $881.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5217 | −0.282% | $567K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5231 | −0.190% | $145K | $714K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5226 | −0.223% | $377.9M | $161.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5229 | −0.203% | $312.0M | $932.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5229 | −0.203% | $108.0M | $182.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5226 | −0.223% | $269.1M | $396.4M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5225 | −0.229% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5233 | −0.178% | $4.8M | $38.5M | — | as long as short |
| edgeX XRPUSDCshort | +0.0100% | 4h | 1.5227 | −0.217% | $661K | $114.2M | 30x | |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5234 | −0.169% | $1.1M | $36.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5228 | −0.210% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5232 | −0.184% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5229 | −0.203% | $65K | $492K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5228 | −0.212% | $41K | $71K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5227 | −0.216% | $75K | $695K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5236 | −0.160% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5228 | −0.210% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5231 | −0.193% | $49.7M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5231 | −0.190% | $54.5M | $32.6M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5206 | −0.354% | $1.6M | $5K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5239 | −0.137% | $475K | $54K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5223 | −0.240% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5228 | −0.208% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0112% | 1h | 1.5231 | −0.190% | $9K | $2K | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0128% | 1h | 1.5226 | −0.220% | $17K | $79K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5238 | −0.144% | $5.7M | $48.3M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0181% | 1h | 1.5234 | −0.170% | $2.0M | $1.4M | 25x | as long as short |
| Hyperliquid XRP | +0.0216% | 1h | 1.5242 | −0.118% | $289.9M | $266.4M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5225 | −0.228% | $1.3M | $4K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5227 | −0.216% | $23.6M | $78.2M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0222% | 8h | 1.5234 | −0.170% | $1.8M | $35.0M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5229 | −0.201% | $529K | $806K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0663% | 1h | 1.5236 | −0.160% | $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
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Bulk XRP-USD
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Hyperliquid XRP
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD