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Funding arb · Price arb /

XRP

all XRP markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against SoDEX+0.013%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$310.307% of the position
Long on SoDEXShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.013%+$1 on $10k
Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.013%, 7d avg +0.009%
Together, before fees+0.010%+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XRP-USD1.52930.0100pay 0.0013% / 1h47m 36s$29K$1.8M10x
ShortPhemex XRPUSDT1.52950.0100get 0.0100% / 8h7h 47m$54.4M$29.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against SoDEX. 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

Funding earned
$0
Price spread: +0.013% → +0.009%
$0.37
Slippage, 4 orders
−$10.67
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$30.3
Costs to cover
0.307%
Break-even
never at this rate
Slippage from SoDEX: live order book, 1 min ago; Phemex: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 1 min ago0.33 bp4.3 bp −$46.9 bp −$69doesn't fitdoesn't fit
Sell Phemex live order book, 7 min ago0.65 bp9.1 bp −$913.0 bp −$13021.4 bp −$2,140doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5311+0.118%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5297+0.027%$1.1M$113K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5296+0.020%$256K—150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0010% / S +0.0086%1h1.5292−0.005%$838K—200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.746%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0061%8h1.5297+0.026%$75K$910K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0077%1h1.5299+0.039%$9.3M$25.5M50xas long as short
Lighter XRP+0.0096%1h1.5302+0.059%$2.8M$13.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5304+0.072%$511K$3.2M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5300+0.046%$11K$276K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XRP-USD-PERP+0.0100%8h1.5298+0.034%$477K$54K50xas long as short
Nado XRP-PERP+0.0100%1h1.5305+0.075%$1.0M$5.6M20xas long as short
Aster XRPUSDT+0.0100%8h1.5309+0.104%$38.7M$83.6M100xas long as short
Pacifica XRP+0.0100%1h1.5304+0.072%$619K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5299+0.042%$538.0M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5299+0.039%$340.1M$929.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5299+0.039%$124.7M$877.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5292−0.007%$572K$48K5xas long as short
Arcus XRP-USD+0.0100%1h1.5302+0.059%$116K$710K20xas long as short
Bulk XRP-USD+0.0100%1h1.5306+0.082%$1.6M$562K20xas long as short
Gate XRP_USDT+0.0100%8h1.5295+0.013%$372.2M$148.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5297+0.026%$296.3M$895.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5296+0.023%$108.5M$167.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5297+0.026%$267.8M$376.3M125xas long as short
BingX XRP-USDC+0.0100%8h1.5301+0.052%—$3.7M—as long as short
Variational Omni XRP+0.0100%8h1.5329+0.236%$6.4M$35.6M—as long as short
edgeX XRPUSDC+0.0100%4h1.5308+0.095%$665K$107.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5387+0.615%$1.1M$39.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5333+0.262%$1.0M$906K50xas long as short
Vest XRP-PERP+0.0100%1h1.5298+0.031%—$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5298+0.033%$48K$443K20xas long as short
Bullet XRP-USD+0.0100%1h1.5293+0.001%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5297+0.026%$823K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5300+0.044%$128K$1.8M30xas long as short
SoDEX XRP-USDlong+0.0100%1h1.5293long leg$29K$1.8M10x
HTX XRP-USDT+0.0100%8h1.5291−0.011%$50.2M$15.7M75xas long as short
Phemex XRPUSDTshort+0.0100%8h1.5295+0.013%$54.4M$29.7M50x
Extended XRP-USD+0.0104%1h1.5296+0.022%$2.1M$7.2M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5303+0.065%$8K$8K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5295+0.013%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5293+0.002%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5308+0.098%$23.9M$74.4M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5297+0.026%$5.8M$46.2M50xas long as short
Backpack XRP_USDC_PERP+0.0238%1h1.5303+0.065%$1.9M$1.3M25xas long as short
Kraken Futures PF_XRPUSD+0.0244%1h1.5290−0.022%$14.5M$70.6M50xas long as short
Hibachi XRP/USDT-P+0.0296%1h1.5308+0.099%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0316%8h1.5307+0.092%$2.0M$35.3M2.9xas long as short
Hyperliquid XRP+0.0420%1h1.5316+0.150%$290.2M$216.1M20xas long as short
Phoenix XRP+0.0520%1h1.5400+0.700%$69K$110K15xas long as short
Aftermath Perps XRPUSD+0.0795%1h1.5340+0.305%$2K$12K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5303+0.067%$506K$755K10xas long as short