XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h +0.035%

Price spread now: Injective against Hotstuff+1.467%45s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Injective

What this pair did over the last

the charts below follow

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—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Injective is 1.467% dearer against Hotstuff than usual: you sell high and buy low: +$147 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 45 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	Hotstuff XRP-PERP	1.5335	−0.0080	get 0.0010% / 1h	26m 05s	$7K	$2K	20x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	26m 05s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Hotstuff. 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 HotstuffbpFee InjectivebpOrdersPrice spread, now +1.467%Rate

Funding earned: $23.8
Price spread: +1.467% → 0.000%: $146.72
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $165.5
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Injective: live order book, 48 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Injective live order book, 48 min ago	39.09 bp	57.7 bp −$58	67.1 bp −$671	doesn't fit	doesn't fit

Hotstuff: 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 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-PERPlong	−0.0080%	1h	1.5335	long leg	$7K	$2K	20x
dYdX XRP-USD	0.0000%	1h	1.5347	+0.078%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5352	+0.110%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0015% / S +0.0078%	1h	1.5351	+0.107%	$841K	—	200x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+1.467%	$2K	$107K	30x
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5360	+0.163%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5365	+0.196%	$9.3M	$25.1M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5351	+0.104%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5365	+0.198%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5364	+0.189%	$515K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5348	+0.085%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5360	+0.163%	$479K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5354	+0.122%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5364	+0.191%	$38.8M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5350	+0.095%	$621K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5360	+0.165%	$541.8M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5357	+0.143%	$342.3M	$919.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5358	+0.150%	$124.9M	$868.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.124%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5352	+0.111%	$118K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.004%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5358	+0.150%	$374.8M	$149.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5358	+0.150%	$312.2M	$904.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5362	+0.173%	$109.0M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5358	+0.150%	$268.7M	$374.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5358	+0.150%	—	$123.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5352	+0.111%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5322	−0.085%	$665K	$107.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	−0.007%	$1.1M	$38.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5331	−0.026%	$1.2M	$996K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5343	+0.055%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5352	+0.111%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5354	+0.124%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5363	+0.181%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5354	+0.123%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5363	+0.183%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5368	+0.215%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5360	+0.163%	$54.6M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5353	+0.118%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5360	+0.165%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5348	+0.087%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5341	+0.039%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5371	+0.235%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5364	+0.186%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0296%	1h	1.5369	+0.222%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5359	+0.157%	$2.0M	$34.7M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5337	+0.014%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0393%	1h	1.5371	+0.235%	$289.8M	$215.3M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5340	+0.033%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0804%	1h	1.5338	+0.020%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5354	+0.126%	$507K	$754K	10x	as long as short