XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +0.011%

Price spread now: Injective against gTrade (Gains Network)+2.908%55s7-day average −0.133% · 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—prices read too far apart to compare

costs, in and out, $10k−$3623.622% of the position

Long on gTrade (Gains Network)Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.080%+$8 on $10k

Price spread, last 4 days (all we have)−3.711%−$371 · spread now +2.908%, 7d avg −0.133%

Together, before fees−3.631%−$363 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 3.041% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$304 more if the spread goes back to its 7-day average of −0.133%. The two prices were read 55 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	gTrade (Gains Network) XRP/USD	1.5120	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	7m 37s	$258K	—	150x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	7m 37s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee InjectivebpOrdersPrice spread, now +2.908%Rate

Funding earned: $6.3
Price spread: +2.908% → −0.133%: $304.14
Slippage, 4 orders: −$352.18
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$51.76
Costs to cover: 3.622%
Break-even: 64.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 46 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 gTrade (Gains Network) virtual book (oracle venue), 46 min ago	130.04 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell Injective live order book, 46 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	1.5133	+0.084%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5131	+0.069%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5120	long leg	$258K	—	150x
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5128	+0.051%	$7.7M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5121	+0.002%	$14.3M	$74.7M	50x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+2.908%	$2K	$107K	30x
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5120	0.000%	$793K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5135	+0.097%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5135	+0.097%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5128	+0.051%	$10K	$355K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5111	−0.058%	$980K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5136	+0.102%	$38.9M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5136	+0.101%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5137	+0.108%	$533.2M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5135	+0.097%	$343.6M	$947.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5139	+0.124%	$125.1M	$885.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5121	+0.005%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5144	+0.157%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	+0.120%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5136	+0.104%	$374.6M	$158.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5135	+0.097%	$294.3M	$910.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5135	+0.100%	$109.1M	$178.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5135	+0.097%	$268.7M	$391.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5130	+0.064%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5130	+0.062%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.045%	$656K	$111.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5106	−0.095%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5150	+0.196%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5115	−0.032%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5120	−0.002%	$44K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5119	−0.008%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5122	+0.011%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5124	+0.023%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5125	+0.028%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5120	−0.002%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5121	+0.003%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5125	+0.031%	$53.8M	$31.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5138	+0.118%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5131	+0.074%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5122	+0.008%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5140	+0.130%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0182%	8h	1.5116	−0.028%	$1.8M	$35.3M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5129	+0.058%	$5.7M	$48.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5116	−0.028%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5095	−0.167%	$24.2M	$75.5M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0235%	1h	1.5136	+0.104%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5110	−0.071%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5143	+0.148%	$516K	$777K	10x	as long as short
Hyperliquid XRP	+0.0382%	1h	1.5145	+0.163%	$290.6M	$255.8M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5140	+0.130%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0653%	1h	1.5137	+0.112%	$2K	$15K	10x	as long as short