XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h +0.006%

Price spread now: Injective against Deribit+2.261%7-day average −0.161% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs+$138as in the Price arb table

costs, in and out, $10k−$1041.041% of the position

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−2.902%−$290 · spread now +2.261%, 7d avg −0.161%

Together, before fees−2.878%−$288 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.422% dearer against Deribit than usual: you sell high and buy low (spread +2.261% now, against its 7-day average of −0.161%): +$242 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5216	0.0079	pay 0.0010% / 1h	45m 20s	$7.8M	$25.6M	50x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	45m 20s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now +2.261%Rate

Funding earned: −$9.59
Price spread: +2.261% → −0.161%: $242.21
Slippage, 4 orders: −$97.12
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $128.48
Costs to cover: 1.041%
Break-even: from the start

Slippage from Deribit: live order book, 4 min ago; Injective: live order book, 8 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 Deribit live order book, 4 min ago	1.97 bp	5.9 bp −$6	8.0 bp −$80	doesn't fit	doesn't fit
Sell Injective live order book, 8 min ago	46.05 bp	46.1 bp −$46	59.2 bp −$592	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	1.5203	−0.085%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5203	−0.087%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5202	−0.092%	$262K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5211	−0.035%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+2.261%	$2K	$107K	30x
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0014%	1h	1.5201	−0.101%	$780K	—	200x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0079%	1h	1.5216	long leg	$7.8M	$25.6M	50x
Lighter XRP	+0.0096%	1h	1.5200	−0.107%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5201	−0.099%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5198	−0.118%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0099%	8h	1.5210	−0.039%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5196	−0.128%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5196	−0.131%	$38.3M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5199	−0.112%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5205	−0.072%	$534.6M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5214	−0.013%	$347.1M	$941.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5214	−0.013%	$127.2M	$887.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	−0.151%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5202	−0.092%	$118K	$702K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.230%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5201	−0.099%	$371.3M	$153.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5199	−0.112%	$293.3M	$899.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5199	−0.109%	$108.9M	$176.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5211	−0.033%	$269.4M	$388.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5205	−0.072%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5202	−0.093%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5212	−0.025%	$661K	$109.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	−0.052%	$1.1M	$36.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5213	−0.020%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5202	−0.095%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5200	−0.105%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5198	−0.116%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5213	−0.021%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5202	−0.090%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5211	−0.033%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5202	−0.090%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5202	−0.092%	$54.2M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5198	−0.116%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5208	−0.051%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5210	−0.041%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5203	−0.085%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5216	0.000%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5199	−0.110%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5212	−0.026%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5206	−0.064%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0277%	8h	1.5212	−0.026%	$2.0M	$35.1M	2.9x	as long as short
Hyperliquid XRP	+0.0302%	1h	1.5216	0.000%	$292.8M	$234.6M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0303%	1h	1.5209	−0.046%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5203	−0.084%	$518K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	+0.026%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0657%	1h	1.5209	−0.047%	$2K	$15K	10x	as long as short