Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.020%
Price spread now: Injective against Pacifica+1.659%7-day average −0.316% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs+$89as in the Price arb table
costs, in and out, $10k−$1081.083% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 3 days (all we have)−2.319%−$232 · spread now +1.659%, 7d avg −0.316%
=Together, before fees−2.224%+ Points / potential airdropPacifica: Active · farm board−$222 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 1.975% dearer against Pacifica than usual: you sell high and buy low (spread +1.659% now, against its 7-day average of −0.316%): +$198 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 20 months. Mind the row above: over the last 7 days funding on this pair paid +0.094%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica XRP | 1.5306 | 0.0100 | pay 0.0013% / 1h | 6m 07s | $630K | $1.1M | 20x |
| Short | Injective XRP/USDC PERP | 1.5560 | 0.0089 | get 0.0011% / 1h | 6m 07s | $2K | $107K | 30x |
Pacifica XRP
Injective XRP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Pacifica. 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
- −$2.27
- Price spread: +1.659% → −0.316%
- $197.53
- Slippage, 4 orders
- −$100.29
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $86.96
- Costs to cover
- 1.083%
- Break-even
- from the start
Slippage from Pacifica: live order book, 3 min ago; Injective: live order book, 7 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 Pacifica live order book, 3 min ago | 0.98 bp | 6.5 bp −$7 | 7.8 bp −$78 | doesn't fit | doesn't fit |
| Sell Injective live order book, 7 min ago | 39.09 bp | 57.7 bp −$58 | 67.1 bp −$671 | 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 | 1.5307 | +0.007% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5298 | −0.050% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5340 | +0.222% | $68K | $90K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5292 | −0.090% | $256K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0006% / S +0.0091% | 1h | 1.5291 | −0.099% | $838K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0011% | 1h | 1.5304 | −0.013% | $9.3M | $25.6M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0032% | 1h | 1.5304 | −0.016% | $14.9M | $69.8M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0060% | 8h | 1.5299 | −0.046% | $75K | $910K | 50x | as long as short |
| Injective XRP/USDC PERPshort | +0.0089% | 1h | 1.5560 | +1.659% | $2K | $107K | 30x | |
| Lighter XRP | +0.0096% | 1h | 1.5309 | +0.016% | $2.9M | $13.5M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5309 | +0.020% | $512K | $3.3M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5300 | −0.036% | $1.1M | $5.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5298 | −0.050% | $38.7M | $82.1M | 100x | as long as short |
| Pacifica XRPlong | +0.0100% | 1h | 1.5306 | long leg | $630K | $1.1M | 20x | |
| Binance XRPUSDT | +0.0100% | 8h | 1.5306 | +0.003% | $543.2M | $2.06B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5307 | +0.007% | $338.2M | $928.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5309 | +0.020% | $124.7M | $880.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5309 | +0.020% | $570K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5304 | −0.013% | $115K | $701K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5333 | +0.177% | $1.7M | $570K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5304 | −0.013% | $361.2M | $148.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5283 | −0.150% | $295.2M | $896.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5299 | −0.046% | $108.2M | $166.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5304 | −0.013% | $267.2M | $376.9M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5293 | −0.085% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5290 | −0.102% | $8.2M | $33.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5337 | +0.205% | $666K | $105.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5343 | +0.242% | $1.1M | $40.3M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5338 | +0.209% | $1.0M | $901K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5298 | −0.052% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5301 | −0.033% | $47K | $456K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5291 | −0.098% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5303 | −0.021% | $824K | $82K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5306 | +0.001% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5301 | −0.033% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5288 | −0.115% | $50.2M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5308 | +0.013% | $54.5M | $29.5M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5303 | −0.022% | $477K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5301 | −0.033% | $11K | $269K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5297 | −0.062% | $2.1M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5298 | −0.050% | $71K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5308 | +0.013% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0213% | 1h | 1.5285 | −0.140% | $1.4M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5314 | +0.052% | $24.1M | $74.7M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5309 | +0.020% | $5.8M | $46.7M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0259% | 1h | 1.5313 | +0.046% | $1.7M | $1.0M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0296% | 1h | 1.5345 | +0.254% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0313% | 8h | 1.5306 | 0.000% | $2.0M | $34.6M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0561% | 1h | 1.5321 | +0.098% | $290.5M | $215.3M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5305 | −0.006% | $539K | $738K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0796% | 1h | 1.5332 | +0.168% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
Nado XRP-PERP
Aster XRPUSDT
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
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
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD