XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.004%

Price spread now: Injective against Deribit+1.210%63s7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1021.018% of the position

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−1.837%−$184 · spread now +1.210%, 7d avg −0.027%

Together, before fees−1.807%−$181 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 1.236% dearer against Deribit than usual: you sell high and buy low: +$124 more if the spread goes back to its 7-day average of −0.027%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5374	0	get 0.0000% / 1h	12m 02s	$7.9M	$22.6M	50x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	12m 02s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now +1.210%Rate

Funding earned: $7
Price spread: +1.210% → −0.027%: $123.64
Slippage, 4 orders: −$94.75
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $28.86
Costs to cover: 1.018%
Break-even: from the start

Slippage from Deribit: live order book, 2 min ago; Injective: live order book, 21 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 Deribit live order book, 2 min ago	1.63 bp	5.4 bp −$5	8.3 bp −$83	doesn't fit	doesn't fit
Sell Injective live order book, 21 min ago	36.22 bp	55.0 bp −$55	doesn't fit	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	−0.0170%	1h	1.5371	−0.022%	$14.1M	$74.7M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5351	−0.150%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	−0.156%	$69K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUALlong	0.0000%	1h	1.5374	long leg	$7.9M	$22.6M	50x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5370	−0.026%	$250K	—	150x	as long as short
dYdX XRP-USD	+0.0006%	1h	1.5347	−0.176%	$1.1M	$123K	10x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+1.210%	$2K	$107K	30x
01 Exchange XRPUSD	+0.0080%	1h	1.5356	−0.117%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5360	−0.092%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5369	−0.031%	$2.8M	$14.7M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5373	−0.007%	$625K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5353	−0.137%	$20K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5356	−0.119%	$479K	$52K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5357	−0.107%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5376	+0.015%	$39.0M	$82.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5358	−0.101%	$618K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5378	+0.028%	$537.3M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5375	+0.007%	$357.5M	$909.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5374	0.000%	$127.2M	$841.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5326	−0.312%	$562K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5361	−0.085%	$161K	$702K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5316	−0.378%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5372	−0.013%	$379.3M	$156.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5373	−0.007%	$318.9M	$930.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5374	−0.001%	$108.7M	$180.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5376	+0.013%	$273.0M	$363.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5370	−0.026%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5344	−0.193%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5339	−0.228%	$666K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5356	−0.115%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5342	−0.208%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5364	−0.064%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5363	−0.072%	$52K	$502K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5370	−0.027%	$41K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5372	−0.013%	$78K	$646K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5371	−0.019%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5369	−0.033%	$31K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5358	−0.103%	$50.1M	$14.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5371	−0.020%	$54.5M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5372	−0.015%	$2.1M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5366	−0.055%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0134% / S −0.0096%	1h	1.5370	−0.029%	$789K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5371	−0.020%	$5.3M	$46.5M	50x	as long as short
Kalshi KXXRPPERP	+0.0172%	8h	1.5360	−0.091%	$1.7M	$32.7M	2.9x	as long as short
Hyperliquid XRP	+0.0179%	1h	1.5388	+0.091%	$294.8M	$265.9M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5334	−0.260%	$23.8M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5331	−0.279%	$1.4M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0227%	1h	1.5387	+0.085%	$2.0M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5360	−0.093%	$526K	$784K	10x	as long as short
Aftermath Perps XRPUSD	+0.0516%	1h	1.5326	−0.315%	$3K	$15K	10x	as long as short