XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +0.011%

Price spread now: Injective against gTrade (Gains Network)+2.212%55s7-day average +0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$3613.615% of the position

Long on gTrade (Gains Network)Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.082%+$8 on $10k

Price spread, last 4 days (all we have)−3.400%−$340 · spread now +2.212%, 7d avg +0.002%

Together, before fees−3.318%−$332 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 2.210% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$221 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 55 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	gTrade (Gains Network) XRP/USD	1.5223	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	45m 44s	$247K	—	150x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	45m 44s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee InjectivebpOrdersPrice spread, now +2.212%Rate

Funding earned: $6.3
Price spread: +2.212% → +0.002%: $221
Slippage, 4 orders: −$351.47
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$134.19
Costs to cover: 3.615%
Break-even: 156.1 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 53 min ago; Injective: live order book, 53 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 gTrade (Gains Network) virtual book (oracle venue), 53 min ago	130.05 bp	135.1 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell Injective live order book, 53 min ago	39.42 bp	51.9 bp −$52	69.9 bp −$699	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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5227	+0.022%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5241	+0.116%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5226	+0.019%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5240	+0.110%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5223	long leg	$247K	—	150x
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5228	+0.031%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+2.212%	$2K	$107K	30x
Phemex XRPUSDT	+0.0046%	8h	1.5224	+0.005%	$54.4M	$32.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5227	+0.022%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5221	−0.016%	$2.8M	$14.5M	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	1.5227	+0.024%	$628K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5219	−0.028%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5218	−0.032%	$997K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5222	−0.009%	$38.6M	$85.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5222	−0.006%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5221	−0.015%	$530.6M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5218	−0.035%	$352.6M	$945.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5218	−0.035%	$126.9M	$858.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5228	+0.031%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5230	+0.044%	$143K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5227	+0.028%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5219	−0.028%	$379.3M	$151.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5221	−0.015%	$313.1M	$913.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5219	−0.026%	$106.6M	$183.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5217	−0.041%	$269.8M	$383.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5219	−0.028%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5218	−0.035%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5221	−0.018%	$661K	$113.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5230	+0.044%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5228	+0.031%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5232	+0.056%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5229	+0.037%	$52K	$513K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5223	−0.002%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5225	+0.011%	$78K	$667K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5225	+0.011%	$819K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5232	+0.059%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5224	+0.005%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5222	−0.008%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5225	+0.013%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5214	−0.064%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5222	−0.011%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0115% / S −0.0079%	1h	1.5224	+0.002%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5229	+0.037%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5227	+0.024%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0175%	8h	1.5232	+0.057%	$1.7M	$33.4M	2.9x	as long as short
Hyperliquid XRP	+0.0189%	1h	1.5230	+0.044%	$290.9M	$267.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5225	+0.011%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5222	−0.007%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0265%	1h	1.5235	+0.077%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5226	+0.020%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0537%	1h	1.5223	−0.003%	$3K	$16K	10x	as long as short