Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.003%
Price spread now: SoDEX against Phoenix−0.177%70s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$800.803% of the position
Funding, last 3 days (all we have)+0.061%+$6 on $10k
+Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.177%, 7d avg −0.006%
=Funding pays, the price is against you. SoDEX is 0.172% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of −0.006%). If the spread goes back, that is −$17 on $10k: about 5.7 days of funding at the current rate (+$3 a day). The two prices were read 70 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 | 58m 19s | $68K | $110K | 15x |
| Short | SoDEX XRP-USD | 1.5193 | 0.0100 | get 0.0013% / 1h | 58m 19s | $28K | $1.6M | 10x |
Phoenix XRP
SoDEX XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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: −0.177% → −0.006%
- −$17.16
- Slippage, 4 orders
- −$65.28
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$76.44
- Costs to cover
- 0.803%
- Break-even
- 32.5 days
Slippage from Phoenix: live order book, 25 min ago; SoDEX: live order book, 1 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, 25 min ago | 6.57 bp | 35.8 bp −$36 | 94.7 bp −$947 | doesn't fit | doesn't fit |
| Sell SoDEX live order book, 1 min ago | 0.33 bp | 4.3 bp −$4 | 7.0 bp −$70 | 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 | 1.5195 | −0.164% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5195 | −0.167% | $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 | 1.5192 | −0.184% | $246K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5196 | −0.158% | $7.8M | $24.4M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.234% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5191 | −0.192% | $14.5M | $74.3M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0094% / S −0.0051% | 1h | 1.5193 | −0.180% | $784K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5192 | −0.187% | $2.8M | $15.0M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5191 | −0.191% | $545K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
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 | 1.5185 | −0.230% | $10K | $370K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5192 | −0.187% | $1.0M | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5194 | −0.169% | $38.5M | $87.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5191 | −0.189% | $613K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5195 | −0.165% | $532.2M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5191 | −0.191% | $348.4M | $959.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5192 | −0.184% | $129.4M | $882.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5196 | −0.158% | $565K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5197 | −0.151% | $144K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5195 | −0.162% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5191 | −0.191% | $378.8M | $159.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5191 | −0.191% | $312.0M | $915.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5189 | −0.207% | $107.1M | $183.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5190 | −0.197% | $268.6M | $395.6M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5191 | −0.191% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5187 | −0.218% | $4.8M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5204 | −0.103% | $661K | $114.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5196 | −0.159% | $1.1M | $35.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5208 | −0.079% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5196 | −0.160% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5190 | −0.197% | $50K | $510K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5196 | −0.159% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5197 | −0.151% | $75K | $686K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5224 | +0.027% | $819K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5194 | −0.173% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USDshort | +0.0100% | 1h | 1.5193 | −0.177% | $28K | $1.6M | 10x | |
| HTX XRP-USDT | +0.0100% | 8h | 1.5196 | −0.157% | $49.6M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5196 | −0.158% | $54.3M | $32.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5194 | −0.170% | $474K | $55K | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0101% | 1h | 1.5199 | −0.138% | $2.0M | $1.4M | 25x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5187 | −0.214% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5192 | −0.183% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0128% | 1h | 1.5193 | −0.181% | $17K | $79K | 7x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5195 | −0.164% | $8K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5196 | −0.158% | $5.6M | $48.2M | 50x | as long as short |
| Hyperliquid XRP | +0.0195% | 1h | 1.5203 | −0.112% | $289.6M | $267.1M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0215% | 8h | 1.5202 | −0.118% | $1.8M | $34.7M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5185 | −0.230% | $1.3M | $4K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5193 | −0.177% | $23.7M | $77.9M | 125x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5195 | −0.162% | $528K | $806K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0700% | 1h | 1.5209 | −0.073% | $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
Bitget XRPUSDT
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
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Backpack XRP_USDC_PERP
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Hyperliquid XRP
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD