XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.22 per $10,000 · paid last 24h −0.050%

Price spread now: Injective against Reya+1.300%7-day average −0.268% · you sell dearer than you buy

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

Long on Reya Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.119%−$12 on $10k

Price spread, last 3 days (all we have)−1.874%−$187 · spread now +1.300%, 7d avg −0.268%

Together, before fees−1.993%+ Points / potential airdropReya: Active · farm board−$199 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.568% dearer against Reya than usual: you sell high and buy low (spread +1.300% now, against its 7-day average of −0.268%): +$157 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya XRPRUSDPERP	1.5360	0.0213	pay 0.0027% / 1h	24m 32s	$1.4M	$7K	15x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	24m 32s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Reya. 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 ReyabpFee InjectivebpOrdersPrice spread, now +1.300%Rate

Funding earned: −$37.77
Price spread: +1.300% → −0.268%: $156.82
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $113.03
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Injective: live order book, 49 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 Reya no order-book sample	—	—	—	—	—
Sell Injective live order book, 49 min ago	39.09 bp	57.7 bp −$58	67.1 bp −$671	doesn't fit	doesn't fit

Reya: 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	1.5368	+0.050%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5365	+0.033%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5365	+0.032%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0015% / S +0.0078%	1h	1.5365	+0.030%	$842K	—	200x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+1.300%	$2K	$107K	30x
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5374	+0.089%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0075%	1h	1.5377	+0.109%	$9.3M	$25.1M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5356	−0.028%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5366	+0.038%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5369	+0.057%	$516K	$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	1.5360	−0.002%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5371	+0.068%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5368	+0.053%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5369	+0.057%	$38.8M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5368	+0.051%	$622K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5364	+0.024%	$542.4M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5363	+0.018%	$342.7M	$919.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5361	+0.004%	$124.9M	$868.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.288%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5365	+0.031%	$118K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.169%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5366	+0.037%	$375.5M	$150.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5370	+0.063%	$314.9M	$905.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5368	+0.051%	$109.1M	$165.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5364	+0.024%	$268.9M	$374.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5366	+0.037%	—	$123.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5352	−0.054%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5338	−0.143%	$666K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	−0.170%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5350	−0.067%	$1.2M	$996K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5368	+0.050%	$50K	$442K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5369	+0.056%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5373	+0.085%	$828K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5369	+0.056%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5371	+0.070%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5374	+0.090%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5372	+0.076%	$54.7M	$29.6M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5362	+0.010%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5362	+0.011%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5373	+0.081%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERPlong	+0.0213%	1h	1.5360	long leg	$1.4M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5369	+0.057%	$24.1M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5374	+0.089%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5370	+0.061%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0299%	1h	1.5375	+0.096%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5373	+0.083%	$2.0M	$34.7M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5352	−0.056%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0390%	1h	1.5381	+0.135%	$290.3M	$214.3M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	−0.067%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0804%	1h	1.5343	−0.112%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5366	+0.037%	$544K	$772K	10x	as long as short