Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.018%
Price spread now: Injective against Pacifica+2.706%7-day average −0.151% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs+$184as in the Price arb table
costs, in and out, $10k−$1011.013% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)−3.467%−$347 · spread now +2.706%, 7d avg −0.151%
=Together, before fees−3.375%+ Points / potential airdropPacifica: Active · farm board−$337 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 2.857% dearer against Pacifica than usual: you sell high and buy low (spread +2.706% now, against its 7-day average of −0.151%): +$286 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months. Mind the row above: over the last 7 days funding on this pair paid +0.092%, 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 | Pacifica XRP | 1.5150 | 0.0100 | pay 0.0013% / 1h | 22m 18s | $608K | $1.1M | 20x |
| Short | Injective XRP/USDC PERP | 1.5560 | 0.0033 | get 0.0004% / 1h | 22m 18s | $2K | $107K | 30x |
Pacifica XRP
Injective XRP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Pacifica. 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
- Price spread: +2.706% → −0.151%
- $285.75
- Slippage, 4 orders
- −$93.33
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $170.4
- Costs to cover
- 1.013%
- Break-even
- from the start
Slippage from Pacifica: live order book, 2 min ago; Injective: live order book, 31 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 Pacifica live order book, 2 min ago | 0.33 bp | 4.9 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 31 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 | 1.5148 | −0.013% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5148 | −0.015% | $1.1M | $115K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5153 | +0.018% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5153 | +0.020% | $7.8M | $25.5M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0022% | 1h | 1.5149 | −0.009% | $14.4M | $74.5M | 50x | as long as short |
| Injective XRP/USDC PERPshort | +0.0033% | 1h | 1.5560 | +2.706% | $2K | $107K | 30x | |
| GMX XRP/USD [ETH-USDC] | L +0.0054% / S +0.0009% | 1h | 1.5150 | +0.001% | $790K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5154 | +0.025% | $2.9M | $14.7M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5152 | +0.013% | $495K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0098% | 8h | 1.5138 | −0.079% | $9K | $348K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5144 | −0.039% | $995K | $6.1M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5147 | −0.021% | $38.7M | $85.3M | 100x | as long as short |
| Pacifica XRPlong | +0.0100% | 1h | 1.5150 | long leg | $608K | $1.1M | 20x | |
| Binance XRPUSDT | +0.0100% | 8h | 1.5147 | −0.022% | $534.1M | $2.15B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5150 | 0.000% | $344.9M | $944.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5155 | +0.033% | $126.3M | $881.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5147 | −0.020% | $565K | $27K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5145 | −0.033% | $131K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5164 | +0.096% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5153 | +0.020% | $371.5M | $156.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5148 | −0.013% | $295.6M | $905.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5151 | +0.009% | $109.0M | $177.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5154 | +0.026% | $268.8M | $389.6M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5153 | +0.020% | — | $127.8M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5187 | +0.242% | $4.9M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5189 | +0.255% | $660K | $110.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5166 | +0.103% | $1.1M | $36.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5196 | +0.304% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5151 | +0.007% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5154 | +0.026% | $45K | $477K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5149 | −0.009% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5150 | 0.000% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5150 | +0.003% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5151 | +0.007% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5150 | 0.000% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5150 | +0.003% | $49.5M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5150 | 0.000% | $53.9M | $31.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5150 | +0.002% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5147 | −0.018% | $2.0M | $6.7M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5148 | −0.011% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5143 | −0.046% | $8K | $8K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5157 | +0.046% | $5.7M | $47.6M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0217% | 1h | 1.5147 | −0.018% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5163 | +0.086% | $24.2M | $75.6M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0256% | 1h | 1.5163 | +0.086% | $2.0M | $1.4M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0280% | 1h | 1.5160 | +0.064% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0302% | 8h | 1.5156 | +0.040% | $1.9M | $35.1M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0358% | 1h | 1.5143 | −0.049% | $516K | $776K | 10x | as long as short |
| Hyperliquid XRP | +0.0406% | 1h | 1.5169 | +0.125% | $298.7M | $247.0M | 20x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5190 | +0.264% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0678% | 1h | 1.5184 | +0.225% | $2K | $15K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
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-USDT
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
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
RISEx XRP/USDC
Hyperliquid XRP
Phoenix XRP
Aftermath Perps XRPUSD