Funding you earn now, next payment 06:00 UTC−0.0071%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.020%
Price spread now: Injective against Extended+2.612%7-day average −0.071% · 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+$164as in the Price arb table
costs, in and out, $10k−$1041.040% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)−3.251%−$325 · spread now +2.612%, 7d avg −0.071%
=Together, before fees−3.197%+ Points / potential airdropExtended: Active · farm board−$320 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 2.683% dearer against Extended than usual: you sell high and buy low (spread +2.612% now, against its 7-day average of −0.071%): +$268 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months. Mind the row above: over the last 7 days funding on this pair paid +0.054%, 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 | Extended XRP-USD | 1.5164 | 0.0104 | pay 0.0013% / 1h | 2m 37s | $2.0M | $6.8M | 50x |
| Short | Injective XRP/USDC PERP | 1.5560 | 0.0033 | get 0.0004% / 1h | 2m 37s | $2K | $107K | 30x |
Extended XRP-USD
Injective XRP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Extended. 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
- −$14.84
- Price spread: +2.612% → −0.071%
- $268.29
- Slippage, 4 orders
- −$98.97
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $149.46
- Costs to cover
- 1.040%
- Break-even
- from the start
Slippage from Extended: live order book, 1 min ago; Injective: live order book, 46 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 Extended live order book, 1 min ago | 0.33 bp | 2.8 bp −$3 | 5.3 bp −$53 | doesn't fit | doesn't fit |
| Sell Injective live order book, 46 min ago | 39.63 bp | 58.5 bp −$59 | 72.5 bp −$725 | 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 | 1.5166 | +0.014% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5169 | +0.031% | $14.4M | $74.9M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5168 | +0.028% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5170 | +0.040% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5159 | −0.032% | $245K | — | 150x | as long as short |
| Injective XRP/USDC PERPshort | +0.0033% | 1h | 1.5560 | +2.612% | $2K | $107K | 30x | |
| GMX XRP/USD [ETH-USDC] | L +0.0075% / S −0.0020% | 1h | 1.5159 | −0.030% | $799K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0080% | 1h | 1.5173 | +0.060% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5168 | +0.028% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5168 | +0.027% | $548K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5163 | −0.006% | $11K | $361K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5157 | −0.045% | $1.0M | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5170 | +0.040% | $38.5M | $87.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5170 | +0.040% | $603K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5170 | +0.039% | $527.3M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5170 | +0.040% | $344.5M | $966.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5170 | +0.040% | $126.5M | $891.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5166 | +0.014% | $564K | $35K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5175 | +0.073% | $143K | $717K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5166 | +0.014% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5166 | +0.014% | $374.7M | $162.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5170 | +0.040% | $298.6M | $929.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5165 | +0.005% | $107.3M | $181.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5167 | +0.020% | $266.8M | $399.4M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5164 | 0.000% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5166 | +0.013% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5160 | −0.029% | $658K | $114.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5163 | −0.007% | $1.1M | $36.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5159 | −0.033% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5163 | −0.008% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5164 | 0.000% | $51K | $487K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5160 | −0.026% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5166 | +0.014% | $62K | $932K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5167 | +0.022% | $816K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5166 | +0.014% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5168 | +0.027% | $30K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5162 | −0.010% | $49.5M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5166 | +0.014% | $54.1M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5170 | +0.043% | $473K | $55K | 50x | as long as short |
| Extended XRP-USDlong | +0.0104% | 1h | 1.5164 | long leg | $2.0M | $6.8M | 50x | |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5165 | +0.004% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0145% | 1h | 1.5177 | +0.086% | $289.6M | $264.3M | 20x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0146% | 1h | 1.5172 | +0.053% | $7.7M | $25.3M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0184% | 1h | 1.5164 | −0.003% | $17K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5172 | +0.053% | $5.7M | $48.6M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0206% | 1h | 1.5178 | +0.093% | $2.0M | $1.4M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0214% | 8h | 1.5169 | +0.033% | $1.7M | $35.5M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5158 | −0.040% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5160 | −0.026% | $23.3M | $77.6M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5174 | +0.067% | $517K | $792K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0570% | 1h | 1.5157 | −0.045% | $2K | $16K | 10x | as long as short |
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
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Aevo XRP-PERP
Hyperliquid XRP
Deribit XRP_USDC-PERPETUAL
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD