XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0143%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h +0.049%

Price spread now: Coinbase International against Injective−2.635%64s7-day average +0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as 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−$1141.135% of the position

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+3.268%+$327 · spread now −2.635%, 7d avg +0.125%

Together, before fees+3.186%+$319 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 2.760% cheaper against Injective than usual: you would sell low and buy high (spread −2.635% now, against its 7-day average of +0.125%). If the spread goes back, that is −$276 on $10k: about 2 months of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour. 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	Injective XRP/USDC PERP	1.5560	0.0033	pay 0.0004% / 1h	48m 19s	$2K	$107K	30x
Short	Coinbase International XRP-PERP-INTX	1.5150	0.0176	get 0.0022% / 1h	48m 19s	$5.7M	$48.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now −2.635%Rate

Funding earned: $29.96
Price spread: −2.635% → +0.125%: −$275.95
Slippage, 4 orders: −$103.52
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$359.53
Costs to cover: 1.135%
Break-even: 91.0 days

Slippage from Injective: live order book, 60 min ago; Coinbase International: live order book, 6 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 Injective live order book, 60 min ago	39.63 bp	39.6 bp −$40	48.4 bp −$484	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	0.33 bp	6.9 bp −$7	9.8 bp −$98	26.6 bp −$2,665	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	1.5148	−2.648%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5146	−2.660%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	−2.506%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5143	−2.678%	$245K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5148	−2.648%	$7.7M	$25.1M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0025%	1h	1.5146	−2.661%	$14.4M	$75.3M	50x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
01 Exchange XRPUSD	+0.0064%	1h	1.5139	−2.706%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0079% / S −0.0026%	1h	1.5143	−2.678%	$798K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5145	−2.665%	$2.8M	$15.1M	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	−2.641%	$546K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5138	−2.712%	$12K	$367K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	−2.657%	$994K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5144	−2.675%	$38.5M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5151	−2.629%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5144	−2.674%	$528.3M	$2.23B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5144	−2.674%	$344.6M	$967.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5142	−2.686%	$127.1M	$891.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5146	−2.661%	$563K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5147	−2.654%	$143K	$718K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5129	−2.771%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5143	−2.680%	$373.2M	$158.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5142	−2.686%	$298.6M	$918.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5139	−2.706%	$107.2M	$182.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5143	−2.680%	$266.9M	$400.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5146	−2.661%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5130	−2.763%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	−2.691%	$658K	$114.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5141	−2.694%	$1.1M	$36.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5146	−2.661%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5147	−2.657%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5144	−2.674%	$47K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5144	−2.673%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5144	−2.674%	$65K	$933K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5144	−2.670%	$815K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5148	−2.645%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5143	−2.680%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5147	−2.657%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5142	−2.686%	$54.0M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5153	−2.615%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5138	−2.709%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5142	−2.686%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0166%	1h	1.5163	−2.551%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5163	−2.552%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0169%	1h	1.5155	−2.603%	$289.1M	$264.2M	20x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0176%	1h	1.5150	−2.635%	$5.7M	$48.3M	50x
Reya XRPRUSDPERP	+0.0219%	1h	1.5137	−2.717%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5146	−2.661%	$23.5M	$77.9M	125x	as long as short
Kalshi KXXRPPERP	+0.0221%	8h	1.5153	−2.616%	$1.7M	$35.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5147	−2.652%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0550%	1h	1.5146	−2.660%	$2K	$16K	10x	as long as short