XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.23 per $10,000 · paid last 24h +0.051%

Price spread now: Reya against Injective−2.228%7-day average −0.012% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.136%+$14 on $10k

Price spread, last 4 days (all we have)+3.280%+$328 · spread now −2.228%, 7d avg −0.012%

Together, before fees+3.416%+ Points / potential airdropReya: Active · farm board+$342 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 2.216% cheaper against Injective than usual: you would sell low and buy high (spread −2.228% now, against its 7-day average of −0.012%). If the spread goes back, that is −$222 on $10k: about 39 days of funding at the current rate (+$6 a day).

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	44m 55s	$2K	$107K	30x
Short	Reya XRPRUSDPERP	1.5213	0.0221	get 0.0028% / 1h	44m 55s	$1.3M	$4K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ReyabpOrdersPrice spread, now −2.228%Rate

Funding earned: $39.37
Price spread: −2.228% → −0.012%: −$221.64
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: −$188.29
Costs to cover: 0.060%
Break-even: 40.5 days

Slippage unknown: Injective: live order book, 54 min ago; Reya: no order-book sample. 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 live order book, 54 min ago	39.42 bp	39.4 bp −$39	48.2 bp −$482	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5222	−2.170%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5222	−2.172%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5226	−2.145%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5230	−2.121%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5223	−2.166%	$7.7M	$23.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5216	−2.213%	$247K	—	150x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
Hibachi XRP/USDT-P	+0.0080%	1h	1.5224	−2.158%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5220	−2.184%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5224	−2.159%	$628K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5219	−2.192%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5223	−2.163%	$998K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5220	−2.185%	$38.6M	$85.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5222	−2.170%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5220	−2.182%	$530.9M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5216	−2.211%	$352.6M	$944.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5218	−2.198%	$126.9M	$858.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5228	−2.134%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5230	−2.121%	$143K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5227	−2.137%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5217	−2.204%	$379.3M	$151.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5221	−2.179%	$313.3M	$913.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5221	−2.181%	$106.7M	$183.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5217	−2.204%	$269.8M	$383.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5220	−2.185%	—	$108.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5218	−2.198%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5221	−2.181%	$661K	$113.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5230	−2.121%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5234	−2.095%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5225	−2.152%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5223	−2.166%	$52K	$513K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5217	−2.204%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5221	−2.179%	$78K	$667K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5225	−2.153%	$819K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5223	−2.165%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5219	−2.192%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5217	−2.206%	$49.7M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5218	−2.198%	$54.4M	$32.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5225	−2.152%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5213	−2.227%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5218	−2.201%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0115% / S −0.0079%	1h	1.5215	−2.214%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5229	−2.127%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5222	−2.172%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0175%	8h	1.5227	−2.140%	$1.7M	$33.4M	2.9x	as long as short
Hyperliquid XRP	+0.0185%	1h	1.5234	−2.095%	$291.0M	$267.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5219	−2.192%	$23.6M	$77.8M	125x	as long as short
Reya XRPRUSDPERPshort	+0.0221%	1h	1.5213	−2.228%	$1.3M	$4K	15x
Backpack XRP_USDC_PERP	+0.0259%	1h	1.5230	−2.121%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5226	−2.144%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0539%	1h	1.5225	−2.153%	$3K	$16K	10x	as long as short