Funding you earn now, next payment 22:00 UTC−0.0416%/8h= −45.5% APRpaid last 24h +0.023%
Price spread now: SunX against Phoenix+0.395%69s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.249%+$25 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. SunX is 0.395% dearer against Phoenix than usual: you sell high and buy low (spread +0.395% now, against zero (this spread has no 7-day history yet)): +$40 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 3.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.249%, so the current rate has only just turned against you. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.249% in total (about 13.0% a year). A funding rate is set anew for every payment. 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 | 1.5590 | 0.0516 | pay 0.0064% / 1h | 45m 41s | $69K | $90K | 15x |
| Short | SunX XRP-USDT | 1.5652 | 0.0100 | get 0.0100% / 8h | 1h 45m | $131K | $1.7M | 30x |
Phoenix XRP
SunX XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$87.32
- Price spread: +0.395% → 0.000%
- $39.51
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$62.8
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 10 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell SunX live order book, 10 min ago | 17.57 bp | 24.5 bp −$25 | 31.7 bp −$317 | doesn't fit | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.5636 | +0.295% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5691 | +0.650% | $1.1M | $104K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5637 | +0.305% | $262K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0006% | 1h | 1.5655 | +0.417% | $9.6M | $24.9M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −1.924% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5645 | +0.350% | $15.7M | $67.5M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0052% | 8h | 1.5652 | +0.398% | $82K | $935K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0080% / S +0.0144% | 1h | 1.5639 | +0.311% | $925K | — | 200x | as long as short |
| Hibachi XRP/USDT-P | +0.0088% | 1h | 1.5608 | +0.113% | $19K | $73K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5677 | +0.556% | $3.0M | $11.7M | 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
Orderly PERP_XRP_USDC
GMX XRP/USD [ETH-USDC]
Hibachi XRP/USDT-P
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5700 | +0.706% | $461K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5627 | +0.241% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5672 | +0.529% | $39.9M | $75.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5690 | +0.644% | $678K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5696 | +0.679% | $569.5M | $1.92B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5697 | +0.686% | $356.1M | $872.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5696 | +0.680% | $129.1M | $872.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5615 | +0.160% | $581K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5638 | +0.308% | $121K | $724K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5527 | −0.404% | $1.7M | $572K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5664 | +0.475% | $373.1M | $135.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5695 | +0.674% | $292.2M | $825.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5677 | +0.559% | $113.4M | $153.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5674 | +0.539% | $272.1M | $353.0M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5666 | +0.487% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5524 | −0.422% | $11.8M | $29.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5540 | −0.321% | $675K | $98.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5571 | −0.125% | $1.1M | $41.9M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5583 | −0.045% | $1.0M | $878K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5629 | +0.249% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5637 | +0.301% | $53K | $437K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5639 | +0.313% | $42K | $62K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5654 | +0.411% | $843K | $71K | 10x | as long as short |
| SunX XRP-USDTshort | +0.0100% | 8h | 1.5652 | +0.395% | $131K | $1.7M | 30x | |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5648 | +0.372% | $31K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5636 | +0.297% | $51.4M | $15.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5645 | +0.353% | $55.7M | $28.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5696 | +0.677% | $489K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5628 | +0.244% | $12K | $248K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5653 | +0.403% | $2.2M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5652 | +0.397% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5635 | +0.289% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5634 | +0.279% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5656 | +0.423% | $5.8M | $46.4M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5619 | +0.186% | $24.6M | $71.9M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0337% | 8h | 1.5643 | +0.340% | $1.9M | $32.0M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0360% | 1h | 1.5656 | +0.423% | $1.8M | $976K | 25x | as long as short |
| Phoenix XRPlong | +0.0516% | 1h | 1.5590 | long leg | $69K | $90K | 15x | |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5638 | +0.307% | $410K | $533K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0606% | 1h | 1.5598 | +0.050% | $1K | $11K | 10x | as long as short |
| Hyperliquid XRP | +0.0653% | 1h | 1.5685 | +0.610% | $290.4M | $196.7M | 20x | as long as short |
Lighter RH XRP
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
Derive XRP-PERP
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD
Hyperliquid XRP