XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.012%

Price spread now: Injective against dYdX+2.645%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs+$131as in the Price arb table

costs, in and out, $10k−$1401.400% of the position

Long on dYdX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.287%+$29 on $10k

Price spread, last 4 days (all we have)−3.186%−$319 · spread now +2.645%, 7d avg −0.065%

Together, before fees−2.899%−$290 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 2.710% dearer against dYdX than usual: you sell high and buy low: +$271 more if the spread goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5159	0	get 0.0000% / 1h	32m 43s	$1.1M	$148K	10x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	32m 43s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against dYdX. 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 dYdXbpFee InjectivebpOrdersPrice spread, now +2.645%Rate

Funding earned: $7
Price spread: +2.645% → −0.065%: $271
Slippage, 4 orders: −$130.02
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $137.97
Costs to cover: 1.400%
Break-even: from the start

Slippage from dYdX: live order book, 1 min ago; Injective: live order book, 11 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 dYdX live order book, 1 min ago	18.83 bp	23.8 bp −$24	26.9 bp −$269	48.4 bp −$4,837	281.3 bp −$140.6K
Sell Injective live order book, 11 min ago	46.17 bp	46.2 bp −$46	59.4 bp −$594	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	1.5144	−0.099%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5159	long leg	$1.1M	$148K	10x
Phoenix XRP	0.0000%	1h	1.5170	+0.073%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5164	+0.031%	$245K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0025%	1h	1.5170	+0.071%	$14.4M	$75.1M	50x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+2.645%	$2K	$107K	30x
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5169	+0.066%	$7.7M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0083% / S −0.0031%	1h	1.5148	−0.074%	$799K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5168	+0.058%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5156	−0.020%	$545K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange XRPUSD	+0.0096%	1h	1.5170	+0.073%	$8K	$8K	10x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5156	−0.020%	$12K	$368K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5158	−0.003%	$976K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5164	+0.033%	$38.5M	$87.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5164	+0.034%	$617K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5157	−0.016%	$531.3M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5149	−0.066%	$345.6M	$962.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5150	−0.059%	$127.3M	$882.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5151	−0.053%	$564K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5171	+0.079%	$143K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5145	−0.092%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5169	+0.066%	$376.4M	$160.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5168	+0.059%	$299.5M	$923.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5167	+0.054%	$107.4M	$181.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5166	+0.046%	$267.5M	$397.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5166	+0.046%	—	$105.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5146	−0.087%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5160	+0.006%	$660K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5158	−0.006%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5169	+0.066%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5162	+0.021%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5165	+0.040%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5164	+0.035%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5166	+0.046%	$65K	$774K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.070%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5168	+0.059%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5167	+0.053%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	+0.063%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5166	+0.046%	$54.3M	$32.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5173	+0.090%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5164	+0.032%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5164	+0.032%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5142	−0.109%	$17K	$79K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0167%	1h	1.5175	+0.106%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5172	+0.086%	$5.7M	$48.3M	50x	as long as short
Hyperliquid XRP	+0.0179%	1h	1.5180	+0.139%	$288.6M	$264.7M	20x	as long as short
Kalshi KXXRPPERP	+0.0206%	8h	1.5168	+0.059%	$1.7M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5159	+0.002%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5170	+0.073%	$23.6M	$77.9M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5171	+0.080%	$524K	$798K	10x	as long as short
Aftermath Perps XRPUSD	+0.0599%	1h	1.5158	−0.009%	$2K	$16K	10x	as long as short