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: Injective against Bulk+1.727%7-day average −0.297% · 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+$98as in the Price arb table

costs, in and out, $10k−$1041.045% of the position

Long on Bulk Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.061%+$6 on $10k

Price spread, last 3 days (all we have)−2.215%−$222 · spread now +1.727%, 7d avg −0.297%

Together, before fees−2.154%−$215 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.024% dearer against Bulk than usual: you sell high and buy low (spread +1.727% now, against its 7-day average of −0.297%): +$202 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 3 days funding on this pair paid +0.061%, 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	Bulk XRP-USD	1.5296	0.0100	pay 0.0013% / 1h	29m 45s	$1.6M	$517K	20x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	29m 45s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bulk. 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 BulkbpFee InjectivebpOrdersPrice spread, now +1.727%Rate

Funding earned: −$14
Price spread: +1.727% → −0.297%: $202.43
Slippage, 4 orders: −$97.43
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $83.97
Costs to cover: 1.045%
Break-even: from the start

Slippage from Bulk: live order book, 4 min ago; Injective: live order book, 44 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 Bulk live order book, 4 min ago	0.33 bp	3.8 bp −$4	5.1 bp −$51	12.9 bp −$1,287	29.8 bp −$14.9K
Sell Injective live order book, 44 min ago	39.09 bp	57.7 bp −$58	67.1 bp −$671	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	1.5330	+0.223%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5326	+0.194%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5314	+0.120%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5320	+0.158%	$9.3M	$25.1M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0014% / S +0.0080%	1h	1.5314	+0.116%	$840K	—	200x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+1.727%	$2K	$107K	30x
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5320	+0.158%	$58K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5325	+0.192%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5328	+0.210%	$514K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5329	+0.217%	$8K	$8K	10x	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	1.5323	+0.178%	$10K	$277K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5330	+0.221%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5328	+0.207%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5342	+0.303%	$38.8M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5331	+0.230%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5336	+0.265%	$540.9M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5332	+0.236%	$341.8M	$920.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5331	+0.230%	$124.9M	$868.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	+0.321%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5332	+0.236%	$118K	$712K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5296	long leg	$1.6M	$517K	20x
Gate XRP_USDT	+0.0100%	8h	1.5334	+0.249%	$374.4M	$149.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5335	+0.256%	$309.6M	$903.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5337	+0.266%	$108.8M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5331	+0.230%	$268.4M	$374.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5328	+0.210%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	+0.211%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	+0.115%	$665K	$107.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5322	+0.173%	$1.1M	$38.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5321	+0.164%	$1.0M	$892K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5327	+0.204%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5318	+0.143%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5321	+0.162%	$825K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5323	+0.180%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5319	+0.151%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5318	+0.143%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5320	+0.158%	$54.5M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5325	+0.191%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5332	+0.238%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5316	+0.135%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5319	+0.148%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5336	+0.263%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5326	+0.197%	$5.8M	$46.2M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5318	+0.142%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0289%	1h	1.5345	+0.321%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5331	+0.230%	$2.0M	$34.9M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5335	+0.255%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0400%	1h	1.5341	+0.295%	$289.7M	$214.6M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.223%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0808%	1h	1.5332	+0.234%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5333	+0.246%	$507K	$754K	10x	as long as short