XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0159%/8h= −17.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.047%

Price spread now: Injective against Coinbase International+2.774%64s7-day average −0.201% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

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

costs, in and out, $10k−$1071.067% of the position

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)−3.437%−$344 · spread now +2.774%, 7d avg −0.201%

Together, before fees−3.348%−$335 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.975% dearer against Coinbase International than usual: you sell high and buy low (spread +2.774% now, against its 7-day average of −0.201%): +$297 on $10k if it goes back. Holding the pair costs −$5 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 +0.088%, so the current rate has only just turned against you. The two prices were read 64 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	Coinbase International XRP-PERP-INTX	1.5140	0.0192	pay 0.0024% / 1h	15m 38s	$5.6M	$47.0M	50x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	15m 38s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. 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 Coinbase InternationalbpFee InjectivebpOrdersPrice spread, now +2.774%Rate

Funding earned: −$33.32
Price spread: +2.774% → −0.201%: $297.49
Slippage, 4 orders: −$96.71
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $157.45
Costs to cover: 1.067%
Break-even: from the start

Slippage from Coinbase International: live order book, 4 min ago; Injective: live order book, 43 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 Coinbase International live order book, 4 min ago	0.33 bp	7.3 bp −$7	10.5 bp −$105	25.9 bp −$2,590	doesn't fit
Sell Injective live order book, 43 min ago	42.92 bp	49.2 bp −$49	62.7 bp −$627	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	1.5135	−0.033%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5135	−0.033%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5143	+0.017%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.066%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5140	0.000%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5136	−0.026%	$253K	—	150x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+2.774%	$2K	$107K	30x
GMX XRP/USD [ETH-USDC]	L +0.0044% / S +0.0023%	1h	1.5134	−0.037%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0088%	8h	1.5135	−0.033%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5149	+0.062%	$2.8M	$14.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5149	+0.059%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5146	+0.040%	$11K	$329K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	+0.043%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5157	+0.112%	$280.4M	$227.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5146	+0.042%	$38.3M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5148	+0.053%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5152	+0.079%	$534.4M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5152	+0.079%	$347.0M	$934.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5148	+0.053%	$126.2M	$874.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5132	−0.053%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5155	+0.099%	$110K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5174	+0.225%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5147	+0.046%	$369.2M	$154.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5146	+0.040%	$291.3M	$902.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5147	+0.046%	$108.0M	$174.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5146	+0.040%	$268.0M	$385.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5146	+0.040%	—	$127.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5137	−0.021%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5145	+0.036%	$659K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5149	+0.060%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5156	+0.106%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5139	−0.007%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5134	−0.041%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5139	−0.008%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5147	+0.048%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5138	−0.013%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5137	−0.017%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5137	−0.020%	$53.9M	$30.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5146	+0.040%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5142	+0.011%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5141	+0.009%	$2.0M	$6.8M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5156	+0.106%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5137	−0.022%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0181%	1h	1.5142	+0.013%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0192%	1h	1.5140	long leg	$5.6M	$47.0M	50x
Hibachi XRP/USDT-P	+0.0200%	1h	1.5150	+0.068%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5136	−0.025%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5152	+0.079%	$24.2M	$76.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5146	+0.040%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5156	+0.106%	$516K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0669%	1h	1.5158	+0.119%	$2K	$15K	10x	as long as short