Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.016%
Price spread now: Variational Omni against Phoenix+0.095%7-day average −0.023% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.613%−$61 · spread now +0.095%, 7d avg −0.023%
=Together, before fees−0.543%+ Points / potential airdropVariational Omni: Active · farm board−$54 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.118% dearer against Phoenix than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XRP | 1.5360 | 0 | get 0.0000% / 1h | 51m 22s | $69K | $108K | 15x |
| Short | Variational Omni XRP | 1.5375 | 0.0100 | get 0.0100% / 8h | 5h 51m | $5.0M | $38.4M | — |
Phoenix XRP
Variational Omni XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: +0.095% → −0.023%
- $11.81
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $25.81
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Phoenix: live order book, 53 min ago; Variational Omni: RFQ quote, 1 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 live order book, 53 min ago | 6.51 bp | 35.5 bp −$36 | 94.4 bp −$944 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.05 bp | doesn't fit | 4.5 bp −$45 | 19.6 bp −$1,960 | doesn't fit |
XRP on 50 exchanges
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 | 1.5403 | +0.280% | $5K | $4K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0062% | 1h | 1.5329 | −0.203% | $14.0M | $71.6M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5338 | −0.142% | $1.1M | $154K | 10x | as long as short |
| Phoenix XRPlong | 0.0000% | 1h | 1.5360 | long leg | $69K | $108K | 15x | |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5331 | −0.189% | $7.8M | $21.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5357 | −0.021% | $246K | — | 150x | as long as short |
| 01 Exchange XRPUSD | +0.0008% | 1h | 1.5337 | −0.150% | $9K | $987 | 10x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.302% | $2K | $107K | 30x | as long as short |
| SoDEX XRP-USD | +0.0040% | 1h | 1.5327 | −0.215% | $29K | $1.5M | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5326 | −0.221% | $2.8M | $14.1M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
01 Exchange XRPUSD
Injective XRP/USDC PERP
SoDEX XRP-USD
Lighter XRPShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5332 | −0.182% | $598K | $3.1M | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5332 | −0.180% | $478K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5333 | −0.176% | $10K | $402K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5324 | −0.238% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5348 | −0.078% | $299.2M | $266.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5323 | −0.240% | $39.3M | $81.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5331 | −0.192% | $593K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5323 | −0.241% | $534.5M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5325 | −0.228% | $361.6M | $890.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5325 | −0.228% | $124.7M | $836.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5365 | +0.033% | $563K | $37K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5343 | −0.111% | $165K | $681K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5379 | +0.124% | $1.6M | $25K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5325 | −0.228% | $382.1M | $155.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5323 | −0.241% | $312.0M | $888.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5336 | −0.153% | $106.7M | $181.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5326 | −0.221% | $271.9M | $357.2M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5321 | −0.254% | — | $4.2M | — | as long as short |
| Backpack XRP_USDC_PERP | +0.0100% | 1h | 1.5356 | −0.026% | $2.0M | $1.2M | 25x | as long as short |
| Variational Omni XRPshort | +0.0100% | 8h | 1.5375 | +0.095% | $5.0M | $38.4M | — | |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5351 | −0.060% | $668K | $109.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5340 | −0.128% | $1.1M | $30.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5358 | −0.013% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5331 | −0.189% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5336 | −0.156% | $52K | $475K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5323 | −0.243% | $42K | $65K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5325 | −0.228% | $83K | $613K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5338 | −0.141% | $129K | $1.5M | 30x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5341 | −0.123% | $50.0M | $14.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5346 | −0.091% | $54.7M | $33.3M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5321 | −0.251% | $2.2M | $6.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5320 | −0.264% | $59K | $25K | 3x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0112% | 1h | 1.5327 | −0.215% | $5.5M | $44.1M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0120% | 1h | 1.5337 | −0.149% | $17K | $76K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0139% | 8h | 1.5341 | −0.124% | $1.9M | $35.0M | 2.9x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0203% / S −0.0551% | 1h | 1.5345 | −0.099% | $805K | — | 200x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5358 | −0.013% | $23.9M | $78.5M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0223% | 1h | 1.5323 | −0.241% | $1.4M | $1K | 15x | as long as short |
| RISEx XRP/USDC | +0.0239% | 1h | 1.5341 | −0.121% | $515K | $736K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0428% | 1h | 1.5367 | +0.048% | $3K | $13K | 10x | as long as short |
Lighter RH XRP
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
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
Backpack XRP_USDC_PERP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
SunX XRP-USDT
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
GMX XRP/USD [ETH-USDC]
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD