XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Kraken Futures against Phoenix−0.288%71s7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as 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−$890.887% of the position

Long on Phoenix Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.288%, 7d avg +0.007%

Together, before fees+0.488%+$49 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.296% cheaper against Phoenix than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 71 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	1.5130	0	get 0.0000% / 1h	46m 03s	$67K	$110K	15x
Short	Kraken Futures PF_XRPUSD	1.5086	−0.0001	pay 0.0000% / 1h	46m 03s	$14.3M	$75.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.288%Rate

Funding earned: −$0.22
Price spread: −0.288% → +0.007%: −$29.56
Slippage, 4 orders: −$71.74
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$118.52
Costs to cover: 0.887%
Break-even: never at this rate

Slippage from Phoenix: live order book, 47 min ago; Kraken Futures: 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, 47 min ago	6.56 bp	35.7 bp −$36	94.5 bp −$945	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	0.33 bp	6.2 bp −$6	9.1 bp −$91	21.5 bp −$2,147	50.6 bp −$25.3K

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	1.5094	−0.238%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSDshort	−0.0001%	1h	1.5086	−0.288%	$14.3M	$75.1M	50x
dYdX XRP-USD	0.0000%	1h	1.5091	−0.259%	$1.1M	$115K	10x	as long as short
Phoenix XRPlong	0.0000%	1h	1.5130	long leg	$67K	$110K	15x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5087	−0.284%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5085	−0.295%	$257K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.842%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5090	−0.264%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5084	−0.305%	$791K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5086	−0.290%	$2.8M	$14.8M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5088	−0.278%	$496K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5085	−0.297%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5088	−0.274%	$937K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5097	−0.218%	$290.3M	$258.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5081	−0.322%	$38.6M	$86.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5096	−0.225%	$605K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5081	−0.321%	$530.6M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5086	−0.291%	$341.4M	$950.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5087	−0.284%	$125.3M	$887.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5111	−0.126%	$562K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5093	−0.245%	$137K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.106%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5084	−0.304%	$371.6M	$155.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5083	−0.311%	$294.8M	$905.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5087	−0.282%	$107.5M	$179.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5083	−0.311%	$267.6M	$393.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5088	−0.278%	—	$105.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5084	−0.305%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5105	−0.163%	$656K	$111.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5131	+0.006%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5124	−0.040%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5090	−0.264%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5089	−0.271%	$50K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5086	−0.294%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5083	−0.311%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5083	−0.311%	$812K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5096	−0.221%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5083	−0.311%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5085	−0.297%	$49.3M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5087	−0.284%	$53.8M	$31.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5091	−0.259%	$470K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5080	−0.334%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5082	−0.317%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0139%	8h	1.5096	−0.225%	$1.8M	$35.6M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0180%	1h	1.5095	−0.231%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5093	−0.245%	$5.6M	$48.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5083	−0.309%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5097	−0.218%	$24.1M	$75.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0232%	1h	1.5096	−0.226%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5092	−0.251%	$515K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0622%	1h	1.5111	−0.123%	$2K	$15K	10x	as long as short