XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h +0.005%

Price spread now: Injective against Deribit+2.321%7-day average −0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs+$137as in the Price arb table

costs, in and out, $10k−$1031.033% of the position

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−2.862%−$286 · spread now +2.321%, 7d avg −0.086%

Together, before fees−2.837%−$284 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.408% dearer against Deribit than usual: you sell high and buy low (spread +2.321% now, against its 7-day average of −0.086%): +$241 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5207	0.0079	pay 0.0010% / 1h	0m 36s	$7.8M	$24.4M	50x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	0m 36s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now +2.321%Rate

Funding earned: −$9.59
Price spread: +2.321% → −0.086%: $240.77
Slippage, 4 orders: −$96.31
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $127.84
Costs to cover: 1.033%
Break-even: from the start

Slippage from Deribit: 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 Deribit live order book, 4 min ago	0.33 bp	5.8 bp −$6	7.8 bp −$78	44.1 bp −$4,412	doesn't fit
Sell Injective live order book, 43 min ago	46.17 bp	46.2 bp −$46	59.4 bp −$594	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	1.5227	+0.132%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5193	−0.091%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	+0.085%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5200	−0.047%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5199	−0.052%	$14.5M	$74.3M	50x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+2.321%	$2K	$107K	30x
Deribit XRP_USDC-PERPETUALlong	+0.0079%	1h	1.5207	long leg	$7.8M	$24.4M	50x
GMX XRP/USD [ETH-USDC]	L +0.0093% / S −0.0049%	1h	1.5200	−0.049%	$784K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5198	−0.062%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5197	−0.066%	$545K	$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	+0.0099%	8h	1.5201	−0.039%	$10K	$370K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5210	+0.023%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5196	−0.072%	$38.5M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5197	−0.064%	$615K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5196	−0.072%	$533.2M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5199	−0.053%	$348.6M	$961.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5202	−0.033%	$129.4M	$883.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	−0.092%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5212	+0.033%	$145K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5195	−0.076%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5202	−0.033%	$378.2M	$162.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5201	−0.039%	$312.4M	$934.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5195	−0.082%	$107.6M	$183.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5200	−0.046%	$268.8M	$395.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5198	−0.059%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	−0.133%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5224	+0.110%	$661K	$114.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5219	+0.079%	$1.1M	$35.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5227	+0.132%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5210	+0.022%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5205	−0.013%	$50K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5194	−0.085%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5204	−0.020%	$75K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5224	+0.112%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5215	+0.051%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5202	−0.033%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5191	−0.109%	$49.6M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5197	−0.066%	$54.4M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5207	+0.002%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5197	−0.064%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5201	−0.036%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5211	+0.026%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0128%	1h	1.5207	−0.003%	$17K	$79K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0170%	1h	1.5203	−0.026%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5207	0.000%	$5.7M	$48.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0216%	8h	1.5208	+0.007%	$1.8M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5208	+0.007%	$289.8M	$266.9M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5200	−0.049%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5198	−0.059%	$23.7M	$77.9M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5211	+0.026%	$529K	$806K	10x	as long as short
Aftermath Perps XRPUSD	+0.0710%	1h	1.5220	+0.084%	$2K	$16K	10x	as long as short