XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.004%

Price spread now: Phoenix against SoDEX+0.013%7-day average −0.001% · 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−$79as in the Price arb table

costs, in and out, $10k−$800.805% of the position

Long on SoDEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now +0.013%, 7d avg −0.001%

Together, before fees+0.181%+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5148	0.0100	pay 0.0013% / 1h	12m 21s	$28K	$1.7M	10x
Short	Phoenix XRP	1.5150	0	get 0.0000% / 1h	12m 21s	$67K	$110K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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

Position, each leg$Hold fordaysFee SoDEXbpFee PhoenixbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$21
Price spread: +0.013% → −0.001%: $1.39
Slippage, 4 orders: −$65.47
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$100.08
Costs to cover: 0.805%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; Phoenix: live order book, 26 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 SoDEX live order book, 2 min ago	0.33 bp	4.3 bp −$4	7.0 bp −$70	doesn't fit	doesn't fit
Sell Phoenix live order book, 26 min ago	6.59 bp	35.9 bp −$36	83.8 bp −$838	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	1.5141	−0.046%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5145	−0.021%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5136	−0.080%	$1.1M	$111K	10x	as long as short
Phoenix XRPshort	0.0000%	1h	1.5150	+0.013%	$67K	$110K	15x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5147	−0.007%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5150	+0.013%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.720%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0045% / S +0.0022%	1h	1.5145	−0.017%	$790K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0090%	8h	1.5146	−0.013%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5139	−0.057%	$2.8M	$14.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5142	−0.040%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5141	−0.046%	$11K	$329K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5135	−0.083%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5159	+0.073%	$280.5M	$227.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5144	−0.029%	$38.3M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5141	−0.048%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5150	+0.012%	$534.3M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5149	+0.007%	$346.9M	$935.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5151	+0.020%	$126.2M	$874.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5142	−0.040%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5148	0.000%	$110K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5130	−0.116%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5147	−0.007%	$369.3M	$154.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5148	0.000%	$293.6M	$902.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5149	+0.005%	$107.9M	$174.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5148	0.000%	$268.1M	$384.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5142	−0.040%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5137	−0.074%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	−0.045%	$658K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5137	−0.075%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5155	+0.046%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5144	−0.025%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5146	−0.013%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5148	−0.003%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5149	+0.006%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5153	+0.035%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5148	long leg	$28K	$1.7M	10x
HTX XRP-USDT	+0.0100%	8h	1.5146	−0.013%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5147	−0.007%	$54.0M	$30.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5141	−0.046%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5142	−0.037%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5145	−0.019%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5149	+0.007%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0184%	1h	1.5151	+0.020%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5154	+0.040%	$5.6M	$47.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5144	−0.028%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5145	−0.019%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5142	−0.040%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5152	+0.026%	$2.1M	$34.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5150	+0.016%	$516K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0680%	1h	1.5155	+0.044%	$2K	$15K	10x	as long as short