XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h +0.036%

Price spread now: Kraken Futures against Injective−2.603%63s7-day average +0.328% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as 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−$1061.057% of the position

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$7 on $10k

Price spread, last 3 days (all we have)+3.216%+$322 · spread now −2.603%, 7d avg +0.328%

Together, before fees+3.141%+$314 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 2.932% cheaper against Injective than usual: you would sell low and buy high, −$293 on $10k if it goes back to its 7-day average of +0.328%. The two prices were read 63 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	3m 28s	$2K	$107K	30x
Short	Kraken Futures PF_XRPUSD	1.5155	0.0040	get 0.0005% / 1h	3m 28s	$14.5M	$72.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −2.603%Rate

Funding earned: $1.34
Price spread: −2.603% → +0.328%: −$293.16
Slippage, 4 orders: −$95.72
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$397.56
Costs to cover: 1.057%
Break-even: 2082.6 days

Slippage from Injective: live order book, 65 min ago; Kraken Futures: live order book, 6 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, 65 min ago	22.76 bp	22.8 bp −$23	35.7 bp −$357	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 6 min ago	0.33 bp	7.3 bp −$7	12.0 bp −$120	23.3 bp −$2,327	52.0 bp −$26.0K

XRP on 50 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	1.5153	−2.616%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5146	−2.661%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	−2.506%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5139	−2.706%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0024% / S +0.0053%	1h	1.5134	−2.738%	$800K	—	200x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
Kraken Futures PF_XRPUSDshort	+0.0040%	1h	1.5155	−2.603%	$14.5M	$72.7M	50x
Orderly PERP_XRP_USDC	+0.0074%	8h	1.5144	−2.674%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5157	−2.590%	$7.6M	$25.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5155	−2.606%	$2.8M	$14.4M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5153	−2.616%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5143	−2.680%	$10K	$299K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	−2.651%	$972K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5150	−2.632%	$38.4M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5151	−2.629%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5142	−2.687%	$536.6M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5146	−2.661%	$341.7M	$927.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5147	−2.654%	$124.6M	$864.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5128	−2.776%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5153	−2.616%	$115K	$693K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5144	−2.674%	$1.6M	$214K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5139	−2.706%	$368.2M	$153.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5137	−2.719%	$293.6M	$919.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5147	−2.656%	$106.8M	$170.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5143	−2.680%	$267.1M	$380.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5143	−2.680%	—	$126.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5141	−2.694%	$6.3M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5131	−2.756%	$657K	$109.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5161	−2.565%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5137	−2.719%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5153	−2.618%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5149	−2.641%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5138	−2.713%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−2.648%	$815K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5168	−2.522%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5157	−2.590%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5159	−2.575%	$49.7M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5157	−2.590%	$53.9M	$29.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5154	−2.610%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5146	−2.662%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5143	−2.679%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5149	−2.641%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0160%	1h	1.5151	−2.629%	$280.1M	$219.4M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5139	−2.704%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5164	−2.545%	$5.7M	$46.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5161	−2.562%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0333%	1h	1.5166	−2.532%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0359%	8h	1.5168	−2.519%	$2.1M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5154	−2.612%	$529K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0747%	1h	1.5149	−2.642%	$2K	$14K	10x	as long as short