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Funding arb · Price arb /

XRP

all XRP markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.018%
Price spread now: Bullet against Injective−2.323%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Bullet is 2.323% cheaper against Injective than usual: you would sell low and buy high (spread −2.323% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$232 on $10k: about 4 months of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XRP/USDC PERP1.55600.0033pay 0.0004% / 1h40m 45s$2K$107K30x
ShortBullet XRP-USD1.51980.0100get 0.0013% / 1h40m 45s$41K$68K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet against Injective. 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

Funding earned
$14
Price spread: −2.323% → 0.000%
−$232.35
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$226.37
Costs to cover
0.080%
Break-even
120.2 days
Slippage unknown: Injective: live order book, 58 min ago; Bullet: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 58 min ago39.42 bp39.4 bp −$3948.2 bp −$482doesn't fitdoesn't fit
Sell Bullet no order-book sample—————
Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XRPUSD−0.0172%1h1.5193−2.356%$14.7M$75.5M50xas long as short
Hotstuff XRP-PERP−0.0080%1h1.5222−2.172%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5194−2.355%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5230−2.121%$68K$110K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5198−2.326%$7.7M$23.9M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5190−2.380%$247K—150xas long as short
Injective XRP/USDC PERPlong+0.0033%1h1.5560long leg$2K$107K30x
Hibachi XRP/USDT-P+0.0072%1h1.5214−2.225%$17K$78K7xas long as short
Lighter XRP+0.0096%1h1.5194−2.352%$2.8M$14.5M20xas long as short
Lighter RH XRP+0.0096%1h1.5198−2.326%$620K$3.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5195−2.346%$20K$380K20xas long as short
Nado XRP-PERP+0.0100%1h1.5203−2.291%$994K$6.2M20xas long as short
Aster XRPUSDT+0.0100%8h1.5193−2.361%$38.5M$84.7M100xas long as short
Pacifica XRP+0.0100%1h1.5195−2.346%$611K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5193−2.358%$529.9M$2.18B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5191−2.371%$354.6M$945.4M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5193−2.359%$126.8M$854.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5204−2.288%$566K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5206−2.275%$143K$709K20xas long as short
Bulk XRP-USD+0.0100%1h1.5227−2.137%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.5196−2.339%$374.8M$152.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5201−2.307%$311.9M$913.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5202−2.303%$106.6M$183.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5191−2.371%$269.2M$383.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5199−2.320%—$108.8M—as long as short
Variational Omni XRP+0.0100%8h1.5191−2.372%$4.8M$38.7M—as long as short
edgeX XRPUSDC+0.0100%4h1.5218−2.201%$661K$113.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5210−2.249%$1.1M$33.6M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5223−2.166%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5206−2.277%—$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5200−2.314%$52K$512K20xas long as short
Bullet XRP-USDshort+0.0100%1h1.5198−2.323%$41K$68K20x
Orderly PERP_XRP_USDC+0.0100%8h1.5196−2.339%$77K$648K50xas long as short
Derive XRP-PERP+0.0100%1h1.5195−2.348%$817K$76K10xas long as short
SunX XRP-USDT+0.0100%8h1.5202−2.299%$128K$1.7M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5193−2.359%$29K$1.5M10xas long as short
HTX XRP-USDT+0.0100%8h1.5206−2.276%$49.6M$15.2M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5193−2.359%$54.3M$32.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5207−2.271%$474K$54K50xas long as short
Extended XRP-USD+0.0104%1h1.5197−2.335%$2.1M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5192−2.362%$58K$25K3xas long as short
GMX XRP/USD [ETH-USDC]L +0.0116% / S −0.0080%1h1.5213−2.232%$789K—200xas long as short
01 Exchange XRPUSD+0.0128%1h1.5200−2.314%$8K$2K10xas long as short
Coinbase International XRP-PERP-INTX+0.0160%1h1.5200−2.314%$5.6M$47.7M50xas long as short
Kalshi KXXRPPERP+0.0174%8h1.5202−2.301%$1.7M$33.3M2.9xas long as short
Hyperliquid XRP+0.0177%1h1.5205−2.281%$290.4M$267.9M20xas long as short
BloFin XRP-USDT+0.0220%8h1.5194−2.352%$23.6M$77.9M125xas long as short
Reya XRPRUSDPERP+0.0221%1h1.5195−2.344%$1.3M$4K15xas long as short
Backpack XRP_USDC_PERP+0.0238%1h1.5204−2.288%$2.0M$1.4M25xas long as short
RISEx XRP/USDC+0.0337%1h1.5202−2.299%$522K$798K10xas long as short
Aftermath Perps XRPUSD+0.0549%1h1.5212−2.236%$3K$16K10xas long as short