XRP

Alert: funding

Alert: spread

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 Arcus+1.626%101s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1061.058% of the position

Long on Arcus Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−2.383%−$238 · spread now +1.626%, 7d avg +0.013%

Together, before fees−2.329%−$233 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.614% dearer against Arcus than usual: you sell high and buy low (spread +1.626% now, against its 7-day average of +0.013%): +$161 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. Mind the row above: over the last 4 days funding on this pair paid +0.054%, so the current rate has only just turned against you. The two prices were read 101 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	Arcus XRP-USD	1.5311	0.0100	pay 0.0013% / 1h	7m 29s	$163K	$694K	20x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	7m 29s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Arcus. 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 ArcusbpFee InjectivebpOrdersPrice spread, now +1.626%Rate

Funding earned: −$14
Price spread: +1.626% → +0.013%: $161.35
Slippage, 4 orders: −$101.3
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $41.53
Costs to cover: 1.058%
Break-even: from the start

Slippage from Arcus: live order book, 39 min ago; Injective: live order book, 39 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 Arcus live order book, 39 min ago	0.33 bp	4.1 bp −$4	7.1 bp −$71	29.9 bp −$2,989	doesn't fit
Sell Injective live order book, 39 min ago	29.33 bp	66.6 bp −$67	76.9 bp −$769	doesn't fit	doesn't fit

XRP on 51 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	1.5395	+0.549%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5302	−0.056%	$13.8M	$69.3M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5299	−0.079%	$1.1M	$154K	10x	as long as short
01 Exchange XRPUSD	0.0000%	1h	1.5312	+0.007%	$9K	$987	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5290	−0.137%	$68K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5302	−0.059%	$7.6M	$20.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5296	−0.097%	$242K	—	150x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+1.626%	$2K	$107K	30x
Hibachi XRP/USDT-P	+0.0088%	1h	1.5283	−0.183%	$17K	$70K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5309	−0.016%	$2.7M	$14.2M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5312	+0.007%	$598K	$3.2M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5310	−0.006%	$477K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5303	−0.052%	$10K	$410K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5305	−0.042%	$837K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5321	+0.065%	$296.9M	$263.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5308	−0.018%	$38.9M	$79.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5309	−0.013%	$589K	$987K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5309	−0.012%	$532.4M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5307	−0.026%	$360.8M	$860.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5307	−0.026%	$123.9M	$823.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5267	−0.287%	$561K	$37K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5311	long leg	$163K	$694K	20x
Bulk XRP-USD	+0.0100%	1h	1.5282	−0.188%	$1.6M	$66K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5309	−0.013%	$377.2M	$161.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5316	+0.033%	$312.3M	$908.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5307	−0.025%	$104.8M	$180.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5309	−0.013%	$271.1M	$350.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5306	−0.033%	—	$98.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5273	−0.251%	$4.9M	$38.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5277	−0.219%	$664K	$106.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5299	−0.078%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5287	−0.157%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5310	−0.009%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5312	+0.007%	$52K	$470K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5312	+0.007%	$41K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5299	−0.078%	$83K	$601K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5303	−0.052%	$823K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5303	−0.054%	$128K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5299	−0.078%	$32K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5290	−0.136%	$49.8M	$13.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5298	−0.085%	$54.6M	$33.1M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5301	−0.068%	$2.2M	$6.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5295	−0.105%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5300	−0.072%	$5.5M	$42.6M	50x	as long as short
Kalshi KXXRPPERP	+0.0117%	8h	1.5303	−0.052%	$1.9M	$35.4M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0150%	1h	1.5308	−0.020%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5289	−0.144%	$23.7M	$77.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0224%	1h	1.5295	−0.107%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5313	+0.014%	$506K	$723K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0241% / S −0.0459%	1h	1.5279	−0.209%	$883K	—	200x	as long as short
Aftermath Perps XRPUSD	+0.0364%	1h	1.5291	−0.129%	$3K	$13K	10x	as long as short