Funding you earn now, next payment 00:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.008%
Price spread now: Deribit against Injective+0.469%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$1000.998% of the position
Funding, last 7 days−0.025%−$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Deribit is 0.469% dearer against Injective than usual: you sell high and buy low (spread +0.469% now, against zero (this spread has no 7-day history yet)): +$47 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−0.025% in total) that is about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective XRP/USDC PERP | 1.5560 | 0.0089 | pay 0.0011% / 1h | 51m 12s | $2K | $107K | 30x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.5633 | 0 | get 0.0000% / 1h | 51m 12s | $9.7M | $25.5M | 50x |
Injective XRP/USDC PERP
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Injective. 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
- −$18.73
- Price spread: +0.469% → 0.000%
- $46.92
- Slippage, 4 orders
- −$92.8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$71.64
- Costs to cover
- 0.998%
- Break-even
- never at this rate
Slippage from Injective: live order book, 27 min ago; Deribit: live order book, 3 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, 27 min ago | 44.99 bp | 45.0 bp −$45 | 57.6 bp −$576 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 0.32 bp | 5.6 bp −$6 | 7.3 bp −$73 | 84.1 bp −$8,409 | 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 | 1.5658 | +0.630% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5650 | +0.578% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5690 | +0.835% | $70K | $90K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | 0.0000% | 1h | 1.5633 | +0.469% | $9.7M | $25.5M | 50x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5633 | +0.470% | $262K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0004% / S +0.0107% | 1h | 1.5633 | +0.467% | $860K | — | 200x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0031% | 1h | 1.5634 | +0.476% | $15.7M | $68.9M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0056% | 8h | 1.5632 | +0.463% | $77K | $909K | 50x | as long as short |
| Injective XRP/USDC PERPlong | +0.0089% | 1h | 1.5560 | long leg | $2K | $107K | 30x | |
| Lighter XRP | +0.0096% | 1h | 1.5632 | +0.463% | $3.0M | $12.5M | 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
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5635 | +0.482% | $446K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5638 | +0.504% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5634 | +0.475% | $39.7M | $79.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5655 | +0.613% | $645K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5628 | +0.437% | $560.6M | $2.01B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5626 | +0.424% | $349.1M | $912.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5623 | +0.405% | $128.0M | $892.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5650 | +0.578% | $582K | $42K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5657 | +0.623% | $119K | $750K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5633 | +0.469% | $374.0M | $142.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5635 | +0.482% | $303.9M | $862.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5634 | +0.478% | $113.9M | $162.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5631 | +0.456% | $273.1M | $369.4M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5644 | +0.540% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5607 | +0.305% | $11.7M | $30.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5645 | +0.548% | $679K | $102.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5674 | +0.735% | $1.1M | $41.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5691 | +0.842% | $1.0M | $887K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5644 | +0.541% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5639 | +0.508% | $45K | $451K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5635 | +0.481% | $42K | $66K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5632 | +0.465% | $841K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5634 | +0.476% | $131K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5632 | +0.463% | $30K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5631 | +0.456% | $51.3M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5630 | +0.450% | $55.6M | $29.3M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5562 | +0.010% | $1.7M | $573K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5650 | +0.581% | $488K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5658 | +0.630% | $13K | $264K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5629 | +0.446% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5637 | +0.493% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5659 | +0.636% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5633 | +0.467% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5625 | +0.418% | $24.4M | $74.7M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5641 | +0.521% | $5.9M | $48.1M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0272% | 1h | 1.5671 | +0.714% | $18K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0321% | 8h | 1.5659 | +0.636% | $2.0M | $33.6M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0406% | 1h | 1.5667 | +0.688% | $1.7M | $1.0M | 25x | as long as short |
| Hyperliquid XRP | +0.0597% | 1h | 1.5656 | +0.617% | $297.6M | $207.2M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5665 | +0.676% | $511K | $632K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0777% | 1h | 1.5637 | +0.496% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
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
Bulk XRP-USD
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD