XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.019%

Price spread now: Bullet against Injective−1.990%54s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bullet

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—needs both histories

Funding pays, the price is against you. Bullet is 1.990% cheaper against Injective than usual: you would sell low and buy high (spread −1.990% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$199 on $10k: about 3 months of funding at the current rate (+$2 a day). The two prices were read 54 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	Injective XRP/USDC PERP	1.5560	0.0033	pay 0.0004% / 1h	1m 59s	$2K	$107K	30x
Short	Bullet XRP-USD	1.5250	0.0100	get 0.0013% / 1h	1m 59s	$41K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against Injective. 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 InjectivebpFee BulletbpOrdersPrice spread, now −1.990%Rate

Funding earned: $14
Price spread: −1.990% → 0.000%: −$199
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$193.02
Costs to cover: 0.080%
Break-even: 103.5 days

Slippage unknown: Injective: live order book, 7 min ago; Bullet: no order-book sample. 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 Injective live order book, 7 min ago	22.76 bp	22.8 bp −$23	35.7 bp −$357	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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-PERP	−0.0080%	1h	1.5241	−2.050%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5241	−2.053%	$1.1M	$116K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5246	−2.015%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5249	−1.999%	$9.2M	$24.5M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0019% / S +0.0071%	1h	1.5246	−2.017%	$835K	—	200x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5254	−1.967%	$57K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5243	−2.037%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5253	−1.974%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5251	−1.986%	$510K	$3.3M	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	1.5245	−2.024%	$9K	$282K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5237	−2.075%	$475K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5253	−1.974%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5242	−2.044%	$38.5M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5250	−1.991%	$627K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5242	−2.042%	$537.5M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5246	−2.018%	$340.4M	$920.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5242	−2.044%	$123.1M	$864.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5215	−2.217%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5235	−2.089%	$114K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	−1.352%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5246	−2.018%	$366.8M	$153.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5246	−2.018%	$302.3M	$918.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5239	−2.066%	$110.3M	$167.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5242	−2.044%	$267.3M	$376.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5244	−2.031%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5315	−1.577%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5348	−1.362%	$666K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5328	−1.492%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5318	−1.555%	$1.2M	$998K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5247	−2.010%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5249	−1.999%	$45K	$448K	20x	as long as short
Bullet XRP-USDshort	+0.0100%	1h	1.5250	−1.990%	$41K	$67K	20x
Derive XRP-PERP	+0.0100%	1h	1.5257	−1.945%	$821K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5256	−1.951%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5243	−2.037%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5240	−2.057%	$50.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5251	−1.986%	$54.1M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5238	−2.069%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5253	−1.972%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5242	−2.043%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5232	−2.108%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5248	−2.005%	$5.7M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0245%	1h	1.5242	−2.042%	$14.3M	$70.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0302%	1h	1.5254	−1.967%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5315	−1.572%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0322%	8h	1.5257	−1.947%	$2.0M	$34.8M	2.9x	as long as short
Hyperliquid XRP	+0.0361%	1h	1.5258	−1.941%	$287.4M	$215.8M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	−1.478%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5239	−2.061%	$539K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0851%	1h	1.5311	−1.600%	$2K	$13K	10x	as long as short