XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.018%

Price spread now: Arcus against Injective−2.757%7-day average +0.207% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$399as in the Price arb table

costs, in and out, $10k−$1021.024% of the position

Long on Injective Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+3.878%+$388 · spread now −2.757%, 7d avg +0.207%

Together, before fees+3.817%+$382 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 2.964% cheaper against Injective than usual: you would sell low and buy high (spread −2.757% now, against its 7-day average of +0.207%). If the spread goes back, that is −$296 on $10k: about 5 months of funding at the current rate (+$2 a day). Mind the row above: over the last 4 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XRP/USDC PERP	1.5560	0.0033	pay 0.0004% / 1h	38m 35s	$2K	$107K	30x
Short	Arcus XRP-USD	1.5131	0.0100	get 0.0013% / 1h	38m 35s	$114K	$707K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Injective. 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 InjectivebpFee ArcusbpOrdersPrice spread, now −2.757%Rate

Funding earned: $14
Price spread: −2.757% → +0.207%: −$296.38
Slippage, 4 orders: −$97.89
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$384.8
Costs to cover: 1.024%
Break-even: 199.4 days

Slippage from Injective: live order book, 25 min ago; Arcus: live order book, 25 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 Injective live order book, 25 min ago	46.21 bp	46.2 bp −$46	59.4 bp −$594	doesn't fit	doesn't fit
Sell Arcus live order book, 25 min ago	0.66 bp	5.6 bp −$6	11.5 bp −$115	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	1.5131	−2.757%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5129	−2.767%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5109	−2.898%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0015%	1h	1.5112	−2.879%	$7.6M	$25.4M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0032% / S +0.0046%	1h	1.5108	−2.908%	$816K	—	200x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5110	−2.892%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5127	−2.783%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5135	−2.733%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5134	−2.738%	$509K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5117	−2.847%	$9K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5125	−2.798%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5139	−2.706%	$280.4M	$219.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5131	−2.760%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5134	−2.735%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5124	−2.802%	$536.1M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5122	−2.815%	$343.0M	$926.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5122	−2.815%	$125.4M	$864.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5112	−2.879%	$563K	$28K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5131	−2.757%	$114K	$707K	20x
Bulk XRP-USD	+0.0100%	1h	1.5136	−2.728%	$1.6M	$88K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5133	−2.744%	$368.9M	$151.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5135	−2.731%	$293.5M	$895.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5129	−2.769%	$106.6M	$170.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5129	−2.770%	$266.3M	$380.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5131	−2.757%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5121	−2.824%	$5.6M	$36.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5123	−2.810%	$657K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5153	−2.616%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5143	−2.680%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5120	−2.825%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5117	−2.847%	$41K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5112	−2.881%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5114	−2.869%	$813K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5115	−2.857%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5110	−2.892%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5110	−2.889%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5113	−2.873%	$53.8M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5131	−2.755%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5128	−2.774%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5109	−2.897%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0212%	1h	1.5121	−2.821%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5115	−2.860%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5115	−2.860%	$5.6M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5108	−2.905%	$24.2M	$74.4M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5109	−2.900%	$14.5M	$73.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5118	−2.839%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0353%	8h	1.5123	−2.808%	$2.2M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5130	−2.763%	$515K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5140	−2.699%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0714%	1h	1.5124	−2.803%	$2K	$14K	10x	as long as short