Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.001%
Price spread now: Injective against GRVT+2.495%7-day average +0.654% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs+$84as in the Price arb table
costs, in and out, $10k−$1000.997% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 3 days (all we have)−3.106%−$311 · spread now +2.495%, 7d avg +0.654%
=Together, before fees−3.015%+ Points / potential airdropGRVT: Active · farm board−$302 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 1.841% dearer against GRVT than usual: you sell high and buy low (spread +2.495% now, against its 7-day average of +0.654%): +$184 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. Mind the row above: over the last 7 days funding on this pair paid +0.091%, 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 | GRVT XRP_USDT_Perp | 1.5181 | 0.0100 | pay 0.0100% / 8h | 6h 24m | $1.1M | $37.0M | 20x |
| Short | Injective XRP/USDC PERP | 1.5560 | 0.0033 | get 0.0004% / 1h | 24m 59s | $2K | $107K | 30x |
GRVT XRP_USDT_Perp
Injective XRP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: +2.495% → +0.654%
- $184.15
- Slippage, 4 orders
- −$90.64
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $70.49
- Costs to cover
- 0.997%
- Break-even
- from the start
Slippage from GRVT: live order book, 4 min ago; Injective: live order book, 44 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 GRVT live order book, 4 min ago | 0.33 bp | 5.9 bp −$6 | 15.9 bp −$159 | 51.1 bp −$5,106 | doesn't fit |
| Sell Injective live order book, 44 min ago | 22.76 bp | 66.1 bp −$66 | 81.0 bp −$810 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5195 | +0.091% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5185 | +0.023% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5210 | +0.190% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5199 | +0.115% | $254K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0020% / S +0.0059% | 1h | 1.5197 | +0.106% | $803K | — | 200x | as long as short |
| Injective XRP/USDC PERPshort | +0.0033% | 1h | 1.5560 | +2.495% | $2K | $107K | 30x | |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5193 | +0.075% | $14.6M | $72.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0072% | 8h | 1.5201 | +0.131% | $62K | $953K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0079% | 1h | 1.5199 | +0.117% | $7.7M | $25.2M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5197 | +0.102% | $2.8M | $14.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Lighter XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5199 | +0.117% | $518K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5184 | +0.019% | $11K | $307K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5187 | +0.042% | $896K | $5.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5187 | +0.040% | $38.7M | $84.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5193 | +0.079% | $610K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5184 | +0.018% | $538.6M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5184 | +0.019% | $341.9M | $940.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5183 | +0.012% | $124.7M | $873.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5174 | −0.047% | $565K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5198 | +0.111% | $115K | $700K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | +0.055% | $1.6M | $330K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5188 | +0.045% | $369.5M | $152.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5185 | +0.025% | $291.3M | $912.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5185 | +0.025% | $107.3M | $171.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5182 | +0.005% | $266.3M | $383.9M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5185 | +0.025% | — | $126.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5199 | +0.117% | $6.2M | $35.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5184 | +0.016% | $659K | $108.8M | 30x | as long as short |
| GRVT XRP_USDT_Perplong | +0.0100% | 8h | 1.5181 | long leg | $1.1M | $37.0M | 20x | |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5179 | −0.014% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5199 | +0.117% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5200 | +0.124% | $44K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5201 | +0.132% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5199 | +0.114% | $818K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5198 | +0.112% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5196 | +0.098% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5197 | +0.104% | $49.8M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5195 | +0.091% | $54.1M | $29.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5197 | +0.104% | $474K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5178 | −0.018% | $2.1M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5197 | +0.105% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0128% | 1h | 1.5195 | +0.091% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5196 | +0.099% | $1.3M | $7K | 15x | as long as short |
| Hyperliquid XRP | +0.0216% | 1h | 1.5197 | +0.104% | $281.2M | $223.5M | 20x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5199 | +0.117% | $5.7M | $46.8M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5203 | +0.144% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0358% | 8h | 1.5199 | +0.117% | $2.1M | $35.8M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0363% | 1h | 1.5196 | +0.098% | $1.9M | $1.3M | 25x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5198 | +0.112% | $535K | $785K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0756% | 1h | 1.5174 | −0.046% | $2K | $14K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
Hyperliquid XRP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD