XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.018%

Price spread now: Derive against Injective−3.573%7-day average +0.006% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+4.113%+$411 · spread now −3.573%, 7d avg +0.006%

Together, before fees+4.047%+$405 on $10k · with fees, hour by hour

Funding pays, the price is against you. Derive is 3.579% cheaper against Injective than usual: you would sell low and buy high (spread −3.573% now, against its 7-day average of +0.006%). If the spread goes back, that is −$358 on $10k: about 6 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.

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	30m 35s	$2K	$107K	30x
Short	Derive XRP-PERP	1.5004	0.0100	get 0.0013% / 1h	30m 35s	$807K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −3.573%Rate

Funding earned: $14
Price spread: −3.573% → +0.006%: −$357.85
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Derive: 3 bp × 2 orders: −$6
Net: −$349.87
Costs to cover: 0.060%
Break-even: 181.9 days

Slippage unknown: Injective: live order book, 18 min ago; Derive: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective live order book, 18 min ago	39.63 bp	39.6 bp −$40	48.4 bp −$484	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5013	−3.515%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5007	−3.551%	$14.2M	$75.2M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5012	−3.522%	$1.1M	$130K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5030	−3.406%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5009	−3.541%	$7.6M	$25.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5006	−3.564%	$257K	—	150x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5004	−3.573%	$786K	—	200x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5009	−3.541%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5006	−3.560%	$2.8M	$14.9M	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	1.5008	−3.548%	$494K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5004	−3.573%	$12K	$363K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5021	−3.467%	$914K	$6.3M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5017	−3.490%	$287.3M	$259.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5003	−3.580%	$38.3M	$86.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5007	−3.554%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5008	−3.548%	$526.1M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5004	−3.573%	$341.1M	$959.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5003	−3.580%	$124.5M	$888.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5033	−3.387%	$559K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5011	−3.528%	$143K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5027	−3.426%	$1.6M	$4K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5006	−3.560%	$367.7M	$158.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5004	−3.573%	$288.7M	$913.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5005	−3.567%	$106.2M	$180.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5002	−3.586%	$264.6M	$396.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5002	−3.586%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5004	−3.572%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5013	−3.514%	$652K	$112.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5026	−3.431%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5014	−3.509%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5016	−3.493%	—	$13K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5012	−3.522%	$51K	$493K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5006	−3.560%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5006	−3.560%	$62K	$934K	50x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5004	−3.573%	$807K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5019	−3.475%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5007	−3.554%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5005	−3.569%	$49.0M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5008	−3.548%	$53.5M	$31.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5005	−3.566%	$468K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.4997	−3.615%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5006	−3.560%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0133%	8h	1.5025	−3.438%	$1.7M	$35.7M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0167%	1h	1.5016	−3.496%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5012	−3.522%	$5.6M	$48.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5026	−3.434%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5006	−3.558%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5001	−3.593%	$23.3M	$75.8M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5009	−3.544%	$512K	$778K	10x	as long as short
Aftermath Perps XRPUSD	+0.0604%	1h	1.5042	−3.328%	$2K	$16K	10x	as long as short