XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.011%

Price spread now: Injective against dYdX+2.841%7-day average −0.249% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs+$172as in the Price arb table

costs, in and out, $10k−$1371.374% of the position

Long on dYdX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.286%+$29 on $10k

Price spread, last 3 days (all we have)−3.470%−$347 · spread now +2.841%, 7d avg −0.249%

Together, before fees−3.183%−$318 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 3.090% dearer against dYdX than usual: you sell high and buy low: +$309 more if the spread goes back to its 7-day average of −0.249%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5130	0	get 0.0000% / 1h	16m 44s	$1.1M	$110K	10x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	16m 44s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against dYdX. 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 dYdXbpFee InjectivebpOrdersPrice spread, now +2.841%Rate

Funding earned: $7
Price spread: +2.841% → −0.249%: $309.03
Slippage, 4 orders: −$127.4
Fee dYdX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $178.61
Costs to cover: 1.374%
Break-even: from the start

Slippage from dYdX: live order book, 2 min ago; Injective: live order book, 52 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 dYdX live order book, 2 min ago	18.17 bp	24.8 bp −$25	32.3 bp −$323	49.3 bp −$4,935	91.2 bp −$45.6K
Sell Injective live order book, 52 min ago	22.76 bp	66.1 bp −$66	81.0 bp −$810	doesn't fit	doesn't fit

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	1.5131	+0.006%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5130	long leg	$1.1M	$110K	10x
Phoenix XRP	0.0000%	1h	1.5160	+0.197%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5123	−0.048%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0057%	1h	1.5123	−0.047%	$799K	—	200x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+2.841%	$2K	$107K	30x
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5127	−0.020%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5127	−0.021%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5130	−0.001%	$7.6M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5126	−0.027%	$2.8M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5139	+0.059%	$511K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5113	−0.113%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5120	−0.064%	$933K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5127	−0.018%	$38.5M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5130	−0.001%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5124	−0.043%	$536.7M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5119	−0.074%	$340.4M	$940.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5122	−0.054%	$124.1M	$871.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5130	−0.001%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5123	−0.047%	$114K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.392%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5127	−0.021%	$367.9M	$152.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5130	−0.001%	$290.4M	$915.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5120	−0.068%	$106.8M	$171.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5135	+0.032%	$266.6M	$384.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5129	−0.007%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5151	+0.136%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5134	+0.025%	$657K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5152	+0.148%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5134	+0.026%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5127	−0.020%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5127	−0.021%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5127	−0.021%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5130	−0.003%	$814K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5134	+0.026%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5129	−0.007%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5133	+0.022%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5127	−0.021%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5130	+0.002%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5126	−0.028%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5125	−0.032%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5120	−0.067%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0185%	1h	1.5143	+0.085%	$280.2M	$222.2M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5119	−0.074%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5133	+0.019%	$5.7M	$46.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5132	+0.013%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0339%	1h	1.5132	+0.012%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0362%	8h	1.5132	+0.012%	$2.1M	$35.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5123	−0.044%	$529K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0767%	1h	1.5148	+0.118%	$2K	$14K	10x	as long as short