XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.04 per $10,000 · paid last 24h −0.011%

Price spread now: gTrade (Gains Network) against Injective−2.826%7-day average +0.093% · 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−$660as in the Price arb table

costs, in and out, $10k−$3683.682% of the position

Long on Injective Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+3.536%+$354 · spread now −2.826%, 7d avg +0.093%

Together, before fees+3.455%+$345 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 gTrade (Gains Network) is 2.920% cheaper against Injective than usual: you would sell low and buy high (−$292 if the spread goes back to its 7-day average of +0.093%). Swap the legs.

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	13m 06s	$2K	$107K	30x
Short	gTrade (Gains Network) XRP/USD	1.5120	L +0.0003% / S −0.0004%	get 0.0000% / 1h	13m 06s	$245K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −2.826%Rate

Funding earned: −$6.18
Price spread: −2.826% → +0.093%: −$291.96
Slippage, 4 orders: −$358.18
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$666.34
Costs to cover: 3.682%
Break-even: never at this rate

Slippage from Injective: live order book, 35 min ago; gTrade (Gains Network): virtual book (oracle venue), 36 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, 35 min ago	39.63 bp	39.6 bp −$40	48.4 bp −$484	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 36 min ago	130.02 bp	135.0 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	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	1.5099	−2.963%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5120	−2.827%	$14.2M	$75.0M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5115	−2.861%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	−3.021%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5120	−2.826%	$245K	—	150x
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
GMX XRP/USD [ETH-USDC]	L +0.0072% / S −0.0016%	1h	1.5122	−2.817%	$797K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5126	−2.789%	$7.7M	$25.5M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5127	−2.783%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5126	−2.790%	$2.8M	$15.1M	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	1.5127	−2.783%	$547K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5115	−2.860%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5112	−2.876%	$981K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5126	−2.788%	$38.4M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5119	−2.834%	$601K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5127	−2.784%	$526.4M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5129	−2.770%	$344.1M	$965.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5130	−2.763%	$126.5M	$886.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5088	−3.033%	$561K	$34K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5129	−2.770%	$144K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	−3.429%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5128	−2.776%	$371.9M	$160.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5129	−2.770%	$295.8M	$925.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5130	−2.766%	$106.7M	$181.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5126	−2.789%	$265.7M	$398.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5124	−2.802%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5072	−3.136%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5079	−3.090%	$655K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5088	−3.033%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5085	−3.053%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5121	−2.821%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5130	−2.763%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5125	−2.797%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5122	−2.815%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5123	−2.808%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5126	−2.787%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5121	−2.821%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5123	−2.808%	$49.4M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5120	−2.828%	$53.8M	$32.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	−2.769%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5116	−2.851%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5120	−2.825%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0124%	1h	1.5143	−2.680%	$289.1M	$262.4M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5128	−2.776%	$5.7M	$48.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5102	−2.946%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5137	−2.719%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0201%	8h	1.5127	−2.783%	$1.7M	$35.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5121	−2.820%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5123	−2.808%	$23.2M	$77.3M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5126	−2.791%	$520K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0587%	1h	1.5080	−3.087%	$2K	$16K	10x	as long as short