XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0794%/8h= −87.0% APRnext payment −$0.99 per $10,000 · paid last 24h −0.128%

Price spread now: Injective against RISEx+1.417%7-day average −0.330% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$69as in the Price arb table

costs, in and out, $10k−$1061.055% of the position

Long on RISEx Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.244%−$24 on $10k

Price spread, last 3 days (all we have)−2.074%−$207 · spread now +1.417%, 7d avg −0.330%

Together, before fees−2.318%−$232 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.747% dearer against RISEx than usual: you sell high and buy low (spread +1.417% now, against its 7-day average of −0.330%): +$175 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 7.3 days. At the pace of the last 3 days (−0.244% in total) that is about 25 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.244% in total (about -25.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5343	0.0828	pay 0.0103% / 1h	35m 44s	$507K	$755K	10x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	35m 44s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against RISEx. 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 RISExbpFee InjectivebpOrdersPrice spread, now +1.417%Rate

Funding earned: −$166.84
Price spread: +1.417% → −0.330%: $174.71
Slippage, 4 orders: −$99.52
Fee RISEx: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$97.68
Costs to cover: 1.055%
Break-even: from the start

Slippage from RISEx: live order book, 38 min ago; Injective: live order book, 38 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 RISEx live order book, 38 min ago	1.37 bp	4.4 bp −$4	9.2 bp −$92	doesn't fit	doesn't fit
Sell Injective live order book, 38 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	1.5333	−0.062%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5320	−0.147%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5328	−0.094%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5333	−0.062%	$9.3M	$25.2M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0012% / S +0.0082%	1h	1.5328	−0.095%	$841K	—	200x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+1.417%	$2K	$107K	30x
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5330	−0.082%	$58K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5327	−0.104%	$2.8M	$13.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5335	−0.049%	$514K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5336	−0.043%	$10K	$279K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5324	−0.122%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5338	−0.026%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5325	−0.113%	$38.8M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5329	−0.088%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5327	−0.102%	$539.7M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5327	−0.101%	$341.4M	$922.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5324	−0.121%	$124.8M	$869.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.173%	$571K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5321	−0.140%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.304%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5323	−0.127%	$373.9M	$149.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5322	−0.134%	$307.7M	$901.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5325	−0.112%	$108.7M	$165.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5316	−0.173%	$267.9M	$375.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5320	−0.147%	—	$123.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	−0.094%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5307	−0.229%	$665K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5296	−0.303%	$1.1M	$39.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5306	−0.238%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5329	−0.087%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5338	−0.030%	$49K	$442K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5330	−0.080%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5333	−0.063%	$825K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5341	−0.011%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5332	−0.069%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5343	+0.001%	$50.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5339	−0.023%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5326	−0.106%	$2.1M	$7.1M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5336	−0.043%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5330	−0.080%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5328	−0.093%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5329	−0.088%	$24.0M	$74.3M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5345	+0.016%	$5.8M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5336	−0.040%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0285%	1h	1.5346	+0.022%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5346	+0.022%	$2.1M	$35.1M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5300	−0.274%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0405%	1h	1.5342	−0.004%	$289.7M	$214.5M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	+0.049%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0792%	1h	1.5329	−0.087%	$2K	$12K	10x	as long as short
RISEx XRP/USDClong	+0.0828%	1h	1.5343	long leg	$507K	$755K	10x