XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.04 per $10,000 · paid last 24h −0.012%

Price spread now: dYdX against Injective−2.266%98s7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1371.369% of the position

Long on Injective Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 4 days (all we have)+2.894%+$289 · spread now −2.266%, 7d avg +0.035%

Together, before fees+2.607%+$261 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and dYdX is 2.301% cheaper against Injective than usual: you would sell low and buy high (−$230 if the spread goes back to its 7-day average of +0.035%). Swap the legs. The two prices were read 98 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	51m 30s	$2K	$107K	30x
Short	dYdX XRP-USD	1.5207	0	get 0.0000% / 1h	51m 30s	$1.1M	$148K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −2.266%Rate

Funding earned: −$7
Price spread: −2.266% → +0.035%: −$230.12
Slippage, 4 orders: −$126.87
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$374.01
Costs to cover: 1.369%
Break-even: never at this rate

Slippage from Injective: live order book, 47 min ago; dYdX: live order book, 2 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, 47 min ago	39.42 bp	39.4 bp −$39	48.2 bp −$482	doesn't fit	doesn't fit
Sell dYdX live order book, 2 min ago	17.76 bp	22.8 bp −$23	22.8 bp −$228	60.8 bp −$6,085	107.6 bp −$53.8K

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	1.5208	−2.265%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5228	−2.134%	$5K	$3K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5207	−2.266%	$1.1M	$148K	10x
Phoenix XRP	0.0000%	1h	1.5200	−2.314%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5209	−2.256%	$7.7M	$23.9M	50x	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
Phemex XRPUSDT	+0.0010%	8h	1.5207	−2.269%	$54.3M	$32.6M	50x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
Hibachi XRP/USDT-P	+0.0064%	1h	1.5220	−2.183%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5218	−2.199%	$2.8M	$14.5M	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	1.5221	−2.179%	$608K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5229	−2.127%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5229	−2.124%	$999K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5237	−2.079%	$38.6M	$85.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5218	−2.195%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5239	−2.063%	$531.6M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5235	−2.089%	$353.6M	$947.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5239	−2.063%	$126.9M	$862.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5207	−2.269%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5242	−2.044%	$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	1.5208	−2.262%	$379.2M	$151.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5238	−2.069%	$313.3M	$912.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5218	−2.195%	$106.6M	$183.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5239	−2.063%	$270.3M	$386.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5228	−2.134%	—	$108.2M	—	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	1.5214	−2.222%	$661K	$112.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5218	−2.198%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5223	−2.166%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5237	−2.076%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5239	−2.063%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5234	−2.095%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5213	−2.230%	$78K	$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	1.5225	−2.150%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5205	−2.281%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5213	−2.231%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5222	−2.170%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5228	−2.136%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5209	−2.257%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0113% / S −0.0077%	1h	1.5213	−2.230%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5241	−2.050%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5213	−2.230%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0168%	8h	1.5220	−2.185%	$1.7M	$33.5M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5218	−2.198%	$23.9M	$77.9M	125x	as long as short
Hyperliquid XRP	+0.0221%	1h	1.5251	−1.986%	$291.3M	$267.7M	20x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5234	−2.093%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0274%	1h	1.5223	−2.166%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5239	−2.063%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0541%	1h	1.5198	−2.326%	$2K	$16K	10x	as long as short