XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.018%

Price spread now: Bullet against Injective−2.307%54s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bullet is 2.307% cheaper against Injective than usual: you would sell low and buy high (spread −2.307% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$231 on $10k: about 4 months of funding at the current rate (+$2 a day). The two prices were read 54 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	Injective XRP/USDC PERP	1.5560	0.0033	pay 0.0004% / 1h	53m 57s	$2K	$107K	30x
Short	Bullet XRP-USD	1.5201	0.0100	get 0.0013% / 1h	53m 57s	$41K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −2.307%Rate

Funding earned: $14
Price spread: −2.307% → 0.000%: −$230.72
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$224.74
Costs to cover: 0.080%
Break-even: 119.4 days

Slippage unknown: Injective: live order book, 45 min ago; Bullet: no order-book sample. 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 Injective live order book, 45 min ago	39.42 bp	39.4 bp −$39	48.2 bp −$482	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5203	−2.297%	$14.5M	$75.2M	50x	as long as short
Phemex XRPUSDT	−0.0127%	8h	1.5206	−2.275%	$54.2M	$32.5M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5208	−2.262%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5209	−2.256%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5204	−2.290%	$247K	—	150x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
Hibachi XRP/USDT-P	+0.0072%	1h	1.5171	−2.497%	$17K	$78K	7x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5202	−2.301%	$7.7M	$23.9M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5204	−2.289%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5209	−2.256%	$607K	$3.1M	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	1.5201	−2.307%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5205	−2.282%	$998K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5215	−2.218%	$38.6M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5207	−2.266%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5215	−2.218%	$530.7M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5217	−2.204%	$353.1M	$949.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5217	−2.204%	$126.9M	$865.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5203	−2.294%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5213	−2.230%	$144K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−2.381%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5206	−2.275%	$379.3M	$151.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5207	−2.269%	$312.7M	$911.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5206	−2.273%	$106.6M	$183.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5214	−2.224%	$269.7M	$388.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5199	−2.320%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5181	−2.436%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5193	−2.362%	$660K	$112.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5189	−2.386%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5173	−2.487%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5207	−2.267%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5210	−2.249%	$52K	$514K	20x	as long as short
Bullet XRP-USDshort	+0.0100%	1h	1.5201	−2.307%	$41K	$69K	20x
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5199	−2.320%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	−2.272%	$818K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5213	−2.228%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5198	−2.326%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5208	−2.261%	$49.7M	$15.3M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5207	−2.268%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5210	−2.248%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5197	−2.330%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0113% / S −0.0076%	1h	1.5196	−2.339%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5208	−2.262%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5208	−2.262%	$5.6M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0165%	8h	1.5209	−2.256%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0194%	1h	1.5219	−2.192%	$290.6M	$267.6M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5190	−2.378%	$23.9M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5202	−2.302%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0272%	1h	1.5215	−2.217%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5211	−2.246%	$522K	$796K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−2.442%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0553%	1h	1.5188	−2.389%	$2K	$16K	10x	as long as short