XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.018%

Price spread now: Injective against Derive+2.945%7-day average −0.082% · you sell dearer than you buy

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

Long on Derive Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−3.546%−$355 · spread now +2.945%, 7d avg −0.082%

Together, before fees−3.480%−$348 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 3.027% dearer against Derive than usual: you sell high and buy low (spread +2.945% now, against its 7-day average of −0.082%): +$303 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months. Mind the row above: over the last 7 days funding on this pair paid +0.066%, 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	Derive XRP-PERP	1.5115	0.0100	pay 0.0013% / 1h	47m 16s	$813K	$72K	10x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	47m 16s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Derive. 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 DerivebpFee InjectivebpOrdersPrice spread, now +2.945%Rate

Funding earned: −$14
Price spread: +2.945% → −0.082%: $302.7
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $282.68
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Derive: no order-book sample; Injective: live order book, 11 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Injective live order book, 11 min ago	42.92 bp	49.2 bp −$49	62.7 bp −$627	doesn't fit	doesn't fit

Derive: 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	1.5106	−0.059%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5110	−0.035%	$14.2M	$73.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5105	−0.067%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5120	+0.034%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5113	−0.012%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5116	+0.009%	$253K	—	150x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+2.945%	$2K	$107K	30x
GMX XRP/USD [ETH-USDC]	L +0.0038% / S +0.0032%	1h	1.5119	+0.027%	$787K	—	200x	as long as short
01 Exchange XRPUSD	+0.0048%	1h	1.5137	+0.146%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0079%	8h	1.5114	−0.006%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5115	+0.004%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5117	+0.014%	$509K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5120	+0.034%	$10K	$318K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5118	+0.024%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5128	+0.087%	$280.8M	$224.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5116	+0.007%	$38.2M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5114	−0.005%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5120	+0.033%	$532.6M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5124	+0.060%	$344.1M	$931.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5126	+0.074%	$125.5M	$872.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5108	−0.045%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5118	+0.021%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.327%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5118	+0.021%	$367.8M	$152.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5123	+0.054%	$297.0M	$895.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5115	+0.003%	$107.7M	$173.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5123	+0.054%	$267.4M	$383.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5125	+0.067%	—	$126.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5129	+0.093%	$5.4M	$37.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5107	−0.052%	$656K	$108.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5112	−0.020%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5111	−0.026%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5117	+0.014%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5130	+0.100%	$42K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5120	+0.036%	$41K	$68K	20x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5115	long leg	$813K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5123	+0.050%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5112	−0.019%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5117	+0.013%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5120	+0.034%	$54.0M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5115	+0.001%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5105	−0.062%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5108	−0.045%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0149%	1h	1.5131	+0.107%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5109	−0.039%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5119	+0.027%	$5.6M	$47.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5116	+0.009%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5111	−0.026%	$24.2M	$75.8M	125x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5120	+0.034%	$2.1M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5135	+0.136%	$515K	$780K	10x	as long as short
Aftermath Perps XRPUSD	+0.0678%	1h	1.5133	+0.118%	$2K	$15K	10x	as long as short