XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0450%/8h= +49.3% APRnext payment +$0.56 per $10,000 · paid last 24h +0.136%

Price spread now: RISEx against Injective−2.140%7-day average +0.257% · 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−$340as in the Price arb table

costs, in and out, $10k−$1000.999% of the position

Long on Injective Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.258%+$26 on $10k

Price spread, last 4 days (all we have)+3.358%+$336 · spread now −2.140%, 7d avg +0.257%

Together, before fees+3.616%+$362 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 2.398% cheaper against Injective than usual: you would sell low and buy high (spread −2.140% now, against its 7-day average of +0.257%). If the spread goes back, that is −$240 on $10k: about 18 days of funding at the current rate (+$14 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	10m 34s	$2K	$107K	30x
Short	RISEx XRP/USDC	1.5227	0.0484	get 0.0060% / 1h	10m 34s	$518K	$778K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −2.140%Rate

Funding earned: $94.58
Price spread: −2.140% → +0.257%: −$239.75
Slippage, 4 orders: −$93.86
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$245.06
Costs to cover: 0.999%
Break-even: 25.1 days

Slippage from Injective: live order book, 53 min ago; RISEx: live order book, 53 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, 53 min ago	46.21 bp	46.2 bp −$46	59.4 bp −$594	doesn't fit	doesn't fit
Sell RISEx live order book, 53 min ago	0.73 bp	3.7 bp −$4	7.1 bp −$71	doesn't fit	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	1.5226	−2.147%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5223	−2.166%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5215	−2.217%	$254K	—	150x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
GMX XRP/USD [ETH-USDC]	L +0.0033% / S +0.0038%	1h	1.5210	−2.247%	$797K	—	200x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5223	−2.166%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5220	−2.185%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0078%	1h	1.5227	−2.140%	$7.7M	$25.5M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5226	−2.146%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5229	−2.127%	$515K	$3.3M	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	1.5217	−2.204%	$10K	$311K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5223	−2.169%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5237	−2.076%	$283.1M	$223.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5225	−2.150%	$38.5M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5228	−2.137%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5223	−2.168%	$537.6M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5223	−2.166%	$347.4M	$929.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5224	−2.159%	$126.2M	$874.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5180	−2.442%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5224	−2.159%	$115K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5223	−2.166%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5224	−2.159%	$369.3M	$153.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5223	−2.166%	$296.3M	$903.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5226	−2.145%	$109.3M	$171.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5208	−2.262%	$269.8M	$380.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5224	−2.159%	—	$126.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	−2.317%	$5.9M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5211	−2.244%	$661K	$107.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	−2.308%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5221	−2.179%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5212	−2.240%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5224	−2.159%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5212	−2.234%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5221	−2.181%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5214	−2.224%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5222	−2.172%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5189	−2.382%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5220	−2.185%	$54.1M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5224	−2.161%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5219	−2.194%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5221	−2.180%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0189%	1h	1.5233	−2.102%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.5211	−2.242%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5203	−2.297%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5223	−2.166%	$5.6M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5225	−2.153%	$24.3M	$75.5M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0272%	1h	1.5223	−2.167%	$14.4M	$73.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0345%	8h	1.5226	−2.147%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDCshort	+0.0484%	1h	1.5227	−2.140%	$518K	$778K	10x
Phoenix XRP	+0.0528%	1h	1.5220	−2.185%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0656%	1h	1.5218	−2.195%	$2K	$14K	10x	as long as short