XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.11 per $10,000 · paid last 24h +0.068%

Price spread now: Injective against GMX−0.167%7-day average −0.309% · you buy dearer than you sell

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

Long on GMX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.169%+$17 on $10k

Price spread, last 3 days (all we have)−0.543%−$54 · spread now −0.167%, 7d avg −0.309%

Together, before fees−0.374%−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 0.142% dearer against GMX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.309%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XRP/USD [ETH-USDC]	1.5586	L +0.0005% / S +0.0107%	pay 0.0001% / 1h	48m 56s	$857K	—	200x
Short	Injective XRP/USDC PERP	1.5560	0.0089	get 0.0011% / 1h	48m 56s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GMX. 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 GMXbpFee InjectivebpOrdersPrice spread, now −0.167%Rate

Funding earned: $17.77
Price spread: −0.167% → −0.309%: $14.17
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $19.92
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Injective: live order book, 30 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 GMX no order-book sample	—	—	—	—	—
Sell Injective live order book, 30 min ago	44.99 bp	45.0 bp −$45	57.7 bp −$577	doesn't fit	doesn't fit

GMX: 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	1.5593	+0.045%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5597	+0.070%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5650	+0.410%	$70K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5577	−0.058%	$9.7M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5586	+0.002%	$261K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]long	L +0.0005% / S +0.0107%	1h	1.5586	long leg	$857K	—	200x
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5581	−0.031%	$15.6M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5573	−0.084%	$77K	$909K	50x	as long as short
Injective XRP/USDC PERPshort	+0.0089%	1h	1.5560	−0.167%	$2K	$107K	30x
Lighter XRP	+0.0096%	1h	1.5582	−0.026%	$3.0M	$12.5M	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	1.5582	−0.026%	$444K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5587	+0.009%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5600	+0.089%	$39.6M	$79.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5598	+0.075%	$642K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5605	+0.122%	$558.8M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5603	+0.109%	$347.3M	$912.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5603	+0.109%	$127.5M	$891.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5650	+0.410%	$582K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5592	+0.038%	$117K	$752K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.302%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5605	+0.122%	$373.0M	$143.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5605	+0.122%	$302.7M	$864.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5605	+0.120%	$113.6M	$162.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5607	+0.134%	$272.9M	$369.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5603	+0.109%	—	$120.3M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	+0.305%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5649	+0.403%	$681K	$103.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5635	+0.311%	$1.1M	$40.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5640	+0.346%	$1.0M	$887K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5588	+0.013%	$45K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5589	+0.018%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5576	−0.067%	$838K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5579	−0.045%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5577	−0.058%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5580	−0.039%	$51.2M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5579	−0.045%	$55.4M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5589	+0.017%	$486K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5593	+0.046%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5591	+0.032%	$13K	$266K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5606	+0.126%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5579	−0.043%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5592	+0.038%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5584	−0.015%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5584	−0.013%	$24.4M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5585	−0.007%	$5.9M	$47.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5639	+0.339%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5608	+0.141%	$2.0M	$33.7M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0373%	1h	1.5590	+0.025%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0594%	1h	1.5602	+0.100%	$296.7M	$208.2M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5596	+0.066%	$509K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0807%	1h	1.5619	+0.215%	$1K	$11K	10x	as long as short