XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.018%

Price spread now: Injective against Arcus+2.341%7-day average −0.035% · 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+$136as in the Price arb table

costs, in and out, $10k−$1011.013% of the position

Long on Arcus Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−2.985%−$299 · spread now +2.341%, 7d avg −0.035%

Together, before fees−2.929%−$293 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.377% dearer against Arcus than usual: you sell high and buy low (spread +2.341% now, against its 7-day average of −0.035%): +$238 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. Mind the row above: over the last 4 days funding on this pair paid +0.056%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5204	0.0100	pay 0.0013% / 1h	58m 36s	$144K	$715K	20x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	58m 36s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Arcus. 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 ArcusbpFee InjectivebpOrdersPrice spread, now +2.341%Rate

Funding earned: −$14
Price spread: +2.341% → −0.035%: $237.67
Slippage, 4 orders: −$96.81
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $122.34
Costs to cover: 1.013%
Break-even: from the start

Slippage from Arcus: live order book, 40 min ago; Injective: live order book, 40 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 Arcus live order book, 40 min ago	0.99 bp	5.1 bp −$5	8.0 bp −$80	29.3 bp −$2,927	doesn't fit
Sell Injective live order book, 40 min ago	39.42 bp	51.9 bp −$52	69.9 bp −$699	doesn't fit	doesn't fit

XRP on 50 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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5170	−0.221%	$14.6M	$73.7M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5197	−0.046%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5193	−0.074%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5173	−0.205%	$246K	—	150x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+2.341%	$2K	$107K	30x
Hibachi XRP/USDT-P	+0.0080%	1h	1.5178	−0.173%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5194	−0.068%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5196	−0.053%	$605K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5185	−0.122%	$995K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5199	−0.033%	$38.5M	$86.1M	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XRP	+0.0100%	1h	1.5195	−0.059%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5196	−0.050%	$530.5M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5184	−0.132%	$352.7M	$949.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5188	−0.105%	$127.5M	$863.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	−0.191%	$564K	$33K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5204	long leg	$144K	$715K	20x
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.095%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5200	−0.026%	$378.4M	$151.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5198	−0.039%	$311.5M	$909.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5197	−0.049%	$106.6M	$183.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5195	−0.059%	$269.5M	$389.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5193	−0.072%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	−0.240%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5161	−0.285%	$658K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5178	−0.171%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5161	−0.283%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5190	−0.093%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5172	−0.210%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5174	−0.194%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5173	−0.204%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5172	−0.207%	$816K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5175	−0.193%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5172	−0.210%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5180	−0.156%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5174	−0.197%	$54.1M	$32.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5207	+0.021%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5196	−0.052%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5203	−0.007%	$9K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5170	−0.224%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0111% / S −0.0074%	1h	1.5173	−0.206%	$784K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0145%	1h	1.5178	−0.171%	$7.7M	$24.0M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5178	−0.171%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0161%	8h	1.5185	−0.125%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0200%	1h	1.5210	+0.039%	$290.3M	$268.2M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5176	−0.184%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5169	−0.230%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0227%	1h	1.5184	−0.132%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5201	−0.017%	$522K	$795K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−0.158%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5176	−0.184%	$2K	$16K	10x	as long as short