Funding you earn now, next payment 11:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.018%
Price spread now: Injective against ApeX Omni+1.428%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs+$29as in the Price arb table
costs, in and out, $10k−$1151.153% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)−1.908%−$191 · spread now +1.428%, 7d avg −0.018%
=The price spread pays, funding is against you. Injective is 1.445% dearer against ApeX Omni than usual: you sell high and buy low (spread +1.428% now, against its 7-day average of −0.018%): +$145 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. Mind the row above: over the last 7 days funding on this pair paid +0.074%, 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 | ApeX Omni XRPUSDT | 1.5341 | 0.0100 | pay 0.0013% / 1h | 47m 49s | $1.2M | $1.2M | 50x |
| Short | Injective XRP/USDC PERP | 1.5560 | 0.0033 | get 0.0004% / 1h | 47m 49s | $2K | $107K | 30x |
ApeX Omni XRPUSDT
Injective XRP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against ApeX Omni. 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: +1.428% → −0.018%
- $144.51
- Slippage, 4 orders
- −$105.26
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $15.23
- Costs to cover
- 1.153%
- Break-even
- from the start
Slippage from ApeX Omni: live order book, 4 min ago; Injective: live order book, 63 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 ApeX Omni live order book, 4 min ago | 3.91 bp | 9.2 bp −$9 | 12.9 bp −$129 | doesn't fit | doesn't fit |
| Sell Injective live order book, 63 min ago | 42.39 bp | 54.8 bp −$55 | 64.0 bp −$640 | doesn't fit | doesn't fit |
XRP on 50 exchanges
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 | 1.5403 | +0.404% | $5K | $4K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0062% | 1h | 1.5328 | −0.082% | $14.0M | $70.7M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5329 | −0.080% | $1.1M | $154K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5340 | −0.007% | $69K | $108K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5330 | −0.072% | $7.8M | $21.3M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5321 | −0.130% | $245K | — | 150x | as long as short |
| 01 Exchange XRPUSD | +0.0008% | 1h | 1.5323 | −0.117% | $9K | $987 | 10x | as long as short |
| Injective XRP/USDC PERPshort | +0.0033% | 1h | 1.5560 | +1.428% | $2K | $107K | 30x | |
| SoDEX XRP-USD | +0.0056% | 1h | 1.5327 | −0.091% | $29K | $1.5M | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5330 | −0.074% | $2.8M | $14.1M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
01 Exchange XRPUSD
SoDEX XRP-USD
Lighter XRPShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5335 | −0.039% | $599K | $3.1M | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5328 | −0.087% | $478K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5321 | −0.130% | $10K | $402K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5314 | −0.176% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5341 | 0.000% | $298.8M | $266.7M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5330 | −0.072% | $39.3M | $81.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5329 | −0.077% | $592K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5329 | −0.079% | $534.3M | $2.08B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5331 | −0.065% | $361.6M | $888.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5327 | −0.091% | $124.8M | $836.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5321 | −0.130% | $563K | $37K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5329 | −0.078% | $165K | $681K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5379 | +0.248% | $1.6M | $25K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5332 | −0.059% | $382.0M | $156.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5331 | −0.065% | $313.6M | $889.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5331 | −0.065% | $105.9M | $181.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5330 | −0.072% | $271.9M | $357.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5325 | −0.104% | — | $4.2M | — | as long as short |
| Backpack XRP_USDC_PERP | +0.0100% | 1h | 1.5335 | −0.039% | $2.0M | $1.2M | 25x | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5325 | −0.107% | $5.0M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5326 | −0.095% | $666K | $109.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5340 | −0.005% | $1.1M | $30.7M | 20x | as long as short |
| ApeX Omni XRPUSDTlong | +0.0100% | 1h | 1.5341 | long leg | $1.2M | $1.2M | 50x | |
| Vest XRP-PERP | +0.0100% | 1h | 1.5325 | −0.105% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5322 | −0.124% | $52K | $475K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5320 | −0.137% | $42K | $65K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5325 | −0.104% | $83K | $613K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5329 | −0.076% | $128K | $1.5M | 30x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5321 | −0.128% | $49.9M | $14.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5327 | −0.091% | $54.6M | $33.3M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5326 | −0.098% | $2.2M | $6.1M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0104% | 1h | 1.5335 | −0.037% | $17K | $76K | 7x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5320 | −0.135% | $59K | $25K | 3x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0112% | 1h | 1.5330 | −0.072% | $5.4M | $44.1M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0137% | 8h | 1.5333 | −0.052% | $1.9M | $35.1M | 2.9x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0208% / S −0.0573% | 1h | 1.5322 | −0.122% | $804K | — | 200x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5333 | −0.052% | $23.9M | $78.3M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0223% | 1h | 1.5323 | −0.118% | $1.4M | $1K | 15x | as long as short |
| RISEx XRP/USDC | +0.0239% | 1h | 1.5328 | −0.082% | $515K | $736K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0436% | 1h | 1.5351 | +0.063% | $3K | $13K | 10x | as long as short |
Lighter RH XRP
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
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-USDC
Backpack XRP_USDC_PERP
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
SunX XRP-USDT
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Hibachi XRP/USDT-P
Aevo XRP-PERP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
GMX XRP/USD [ETH-USDC]
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD