Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.019%
Price spread now: Injective against Bullet+2.746%54s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 2.746% dearer against Bullet than usual: you sell high and buy low (spread +2.746% now, against zero (this spread has no 7-day history yet)): +$275 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet XRP-USD | 1.5144 | 0.0100 | pay 0.0013% / 1h | 18m 03s | $41K | $68K | 20x |
| Short | Injective XRP/USDC PERP | 1.5560 | 0.0033 | get 0.0004% / 1h | 18m 03s | $2K | $107K | 30x |
Bullet XRP-USD
Injective XRP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bullet. 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: +2.746% → 0.000%
- $274.59
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $252.57
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Bullet: no order-book sample; Injective: live order book, 51 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 Bullet no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 51 min ago | 22.76 bp | 66.1 bp −$66 | 81.0 bp −$810 | doesn't fit | doesn't fit |
Bullet: 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 50 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 | 1.5146 | +0.012% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5152 | +0.049% | $1.1M | $110K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5170 | +0.171% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5143 | −0.010% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0022% / S +0.0057% | 1h | 1.5141 | −0.023% | $800K | — | 200x | as long as short |
| Injective XRP/USDC PERPshort | +0.0033% | 1h | 1.5560 | +2.746% | $2K | $107K | 30x | |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5141 | −0.024% | $14.5M | $72.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0072% | 8h | 1.5139 | −0.034% | $62K | $953K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5146 | +0.012% | $7.6M | $25.3M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5145 | +0.004% | $2.8M | $14.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Lighter XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5146 | +0.012% | $511K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5124 | −0.133% | $10K | $307K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5137 | −0.044% | $934K | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5143 | −0.005% | $38.5M | $84.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5156 | +0.077% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5126 | −0.120% | $536.5M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5128 | −0.107% | $340.6M | $940.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5131 | −0.087% | $124.1M | $871.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5130 | −0.093% | $564K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5139 | −0.034% | $114K | $701K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | +0.299% | $1.6M | $330K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5127 | −0.113% | $368.0M | $152.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5129 | −0.100% | $289.7M | $915.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5141 | −0.023% | $107.0M | $171.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5128 | −0.107% | $266.5M | $384.5M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5126 | −0.120% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5151 | +0.043% | $6.2M | $35.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5154 | +0.063% | $658K | $109.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5186 | +0.276% | $1.1M | $37.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5155 | +0.072% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5141 | −0.024% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5136 | −0.054% | $44K | $445K | 20x | as long as short |
| Bullet XRP-USDlong | +0.0100% | 1h | 1.5144 | long leg | $41K | $68K | 20x | |
| Derive XRP-PERP | +0.0100% | 1h | 1.5142 | −0.012% | $815K | $75K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5142 | −0.014% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5143 | −0.008% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5145 | +0.004% | $49.6M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5133 | −0.074% | $53.8M | $29.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5156 | +0.080% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5124 | −0.130% | $2.0M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5139 | −0.034% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5131 | −0.087% | $8K | $8K | 10x | as long as short |
| Hyperliquid XRP | +0.0190% | 1h | 1.5137 | −0.047% | $280.2M | $222.0M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5133 | −0.076% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5149 | +0.032% | $5.7M | $46.7M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5132 | −0.080% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0343% | 1h | 1.5138 | −0.041% | $1.9M | $1.3M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0361% | 8h | 1.5146 | +0.012% | $2.1M | $35.7M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5134 | −0.070% | $529K | $787K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0756% | 1h | 1.5153 | +0.060% | $2K | $14K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Hyperliquid XRP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD