XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0416%/8h= +45.5% APRnext payment +$0.52 per $10,000 · paid last 24h −0.023%

Price spread now: Phoenix against Polymarket Perps+0.032%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.159%−$16 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Phoenix is 0.032% dearer against Polymarket Perps than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.159%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.159% in total (about -8.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 per $10,000. 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	Polymarket Perps XRP-USD	1.5515	0.0100	pay 0.0013% / 1h	5m 07s	$46K	$449K	20x
Short	Phoenix XRP	1.5520	0.0516	get 0.0064% / 1h	5m 07s	$69K	$90K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Polymarket Perps. 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 Polymarket PerpsbpFee PhoenixbpOrdersPrice spread, now +0.032%Rate

Funding earned: $87.32
Price spread: +0.032% → 0.000%: $3.22
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $75.54
Costs to cover: 0.150%
Break-even: 0.9 days

Slippage unknown: Polymarket Perps: live order book, 12 min ago; Phoenix: no order-book sample. 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 Polymarket Perps live order book, 12 min ago	2.25 bp	7.5 bp −$7	9.5 bp −$95	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

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	1.5511	−0.026%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5504	−0.072%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5516	+0.006%	$9.6M	$25.2M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0001% / S +0.0113%	1h	1.5511	−0.026%	$853K	—	200x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5511	−0.024%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.290%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5515	−0.002%	$15.5M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0055%	8h	1.5514	−0.006%	$76K	$909K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5516	+0.007%	$3.0M	$12.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5518	+0.019%	$443K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5512	−0.018%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5516	+0.005%	$39.4M	$79.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5510	−0.032%	$638K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5513	−0.012%	$558.2M	$1.99B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5514	−0.006%	$346.1M	$903.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5513	−0.013%	$127.7M	$881.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5500	−0.097%	$576K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5514	−0.006%	$119K	$746K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5501	−0.088%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5513	−0.013%	$363.5M	$143.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5515	0.000%	$300.5M	$868.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5514	−0.005%	$113.2M	$161.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5515	0.000%	$270.9M	$366.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5513	−0.013%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5512	−0.017%	$11.5M	$30.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5481	−0.220%	$672K	$102.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5513	−0.012%	$1.1M	$41.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5496	−0.122%	$1.0M	$885K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5514	−0.008%	—	$10K	10x	as long as short
Polymarket Perps XRP-USDlong	+0.0100%	1h	1.5515	long leg	$46K	$449K	20x
Bullet XRP-USD	+0.0100%	1h	1.5512	−0.019%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5517	+0.013%	$835K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5517	+0.016%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5515	0.000%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5502	−0.082%	$50.9M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5514	−0.006%	$55.2M	$29.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5512	−0.018%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5508	−0.045%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5511	−0.027%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5514	−0.009%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5515	0.000%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5512	−0.022%	$1.4M	$8K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5522	+0.045%	$6.0M	$47.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5516	+0.006%	$24.5M	$73.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5494	−0.133%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0296%	1h	1.5526	+0.071%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5525	+0.064%	$2.0M	$33.2M	2.9x	as long as short
Phoenix XRPshort	+0.0516%	1h	1.5520	+0.032%	$69K	$90K	15x
RISEx XRP/USDC	+0.0527%	1h	1.5523	+0.050%	$508K	$630K	10x	as long as short
Hyperliquid XRP	+0.0579%	1h	1.5531	+0.103%	$290.4M	$204.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0773%	1h	1.5518	+0.022%	$1K	$11K	10x	as long as short