Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: Phemex against Injective+1.504%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.141%−$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phemex is 1.504% dearer against Injective than usual: you sell high and buy low: +$150 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.141%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective XRP/USDC PERP | 1.5290 | 0.0033 | pay 0.0004% / 1h | 29m 18s | $2K | $86K | 30x |
| Short | Phemex XRPUSDT | 1.5520 | 0.0100 | get 0.0100% / 8h | 1h 29m | $55.3M | $29.2M | 50x |
Injective XRP/USDC PERP
Phemex XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $14
- Price spread: +1.504% → 0.000%
- $150.43
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $152.41
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 5 min ago. 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 no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 2.89 bp | 12.5 bp −$12 | 15.0 bp −$150 | 23.5 bp −$2,348 | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5461 | +1.118% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5494 | +1.332% | $1.1M | $104K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5505 | +1.406% | $259K | — | 150x | as long as short |
| Injective XRP/USDC PERPlong | +0.0033% | 1h | 1.5290 | long leg | $2K | $86K | 30x | |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5511 | +1.447% | $15.4M | $68.8M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0051% / S +0.0124% | 1h | 1.5504 | +1.401% | $1.1M | — | 200x | as long as short |
| Orderly PERP_XRP_USDC | +0.0054% | 8h | 1.5510 | +1.439% | $77K | $942K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0072% | 1h | 1.5514 | +1.465% | $9.5M | $25.3M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5521 | +1.508% | $3.0M | $12.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5520 | +1.504% | $439K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
GMX XRP/USD [ETH-USDC]
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5502 | +1.388% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5499 | +1.365% | $39.2M | $78.0M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5504 | +1.399% | $638K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5509 | +1.432% | $558.0M | $1.96B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5511 | +1.445% | $346.9M | $890.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5513 | +1.458% | $126.9M | $876.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5515 | +1.472% | $577K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5506 | +1.413% | $118K | $739K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5507 | +1.419% | $373.6M | $139.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5506 | +1.413% | $289.4M | $846.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5501 | +1.378% | $113.2M | $158.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5513 | +1.458% | $270.5M | $361.9M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5510 | +1.439% | — | $117.5M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5485 | +1.272% | $11.7M | $30.1M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5531 | +1.578% | $674K | $101.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5464 | +1.136% | $1.1M | $41.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5529 | +1.563% | $1.0M | $882K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5494 | +1.334% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5512 | +1.452% | $45K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5506 | +1.414% | $42K | $65K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5514 | +1.462% | $835K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5518 | +1.492% | $130K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5513 | +1.458% | $29K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5499 | +1.366% | $50.9M | $15.4M | 75x | as long as short |
| Phemex XRPUSDTshort | +0.0100% | 8h | 1.5520 | +1.504% | $55.3M | $29.2M | 50x | |
| Bulk XRP-USD | +0.0100% | 1h | 1.5477 | +1.221% | $1.7M | $578K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5492 | +1.322% | $483K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5505 | +1.406% | $11K | $255K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5510 | +1.437% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5511 | +1.445% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0176% | 1h | 1.5510 | +1.439% | $8K | $8K | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0176% | 1h | 1.5475 | +1.212% | $18K | $81K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5502 | +1.385% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5516 | +1.478% | $5.9M | $47.0M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5510 | +1.439% | $24.6M | $73.4M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0245% | 1h | 1.5474 | +1.203% | $1.8M | $995K | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0313% | 8h | 1.5503 | +1.393% | $1.9M | $32.7M | 2.9x | as long as short |
| Phoenix XRP | +0.0516% | 1h | 1.5480 | +1.243% | $69K | $90K | 15x | as long as short |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5515 | +1.469% | $508K | $629K | 10x | as long as short |
| Hyperliquid XRP | +0.0598% | 1h | 1.5518 | +1.491% | $290.4M | $202.4M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0731% | 1h | 1.5535 | +1.600% | $1K | $11K | 10x | as long as short |
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-USDT
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
Bulk XRP-USD
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Phoenix XRP
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD