XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h −0.070%

Price spread now: GMX against Injective−2.819%57s7-day average +0.139% · you buy dearer than you sell

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

Long on Injective Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.232%−$23 on $10k

Price spread, last 4 days (all we have)+3.621%+$362 · spread now −2.819%, 7d avg +0.139%

Together, before fees+3.390%+$339 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GMX is 2.957% cheaper against Injective than usual: you would sell low and buy high (−$296 if the spread goes back to its 7-day average of +0.139%). Swap the legs. The two prices were read 57 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	49m 57s	$2K	$107K	30x
Short	GMX XRP/USD [ETH-USDC]	1.5121	L +0.0069% / S −0.0013%	get 0.0002% / 1h	49m 57s	$794K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −2.819%Rate

Funding earned: −$4.26
Price spread: −2.819% → +0.139%: −$295.72
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: −$312
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 64 min ago; GMX: 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, 64 min ago	46.05 bp	46.1 bp −$46	59.2 bp −$592	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	1.5130	−2.763%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5106	−2.919%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5127	−2.782%	$1.1M	$115K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5120	−2.828%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5114	−2.866%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5119	−2.832%	$258K	—	150x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
01 Exchange XRPUSD	+0.0064%	1h	1.5138	−2.712%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]short	L +0.0069% / S −0.0013%	1h	1.5121	−2.819%	$794K	—	200x
Lighter XRP	+0.0096%	1h	1.5108	−2.908%	$2.8M	$14.8M	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	1.5107	−2.911%	$496K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5129	−2.770%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5130	−2.767%	$939K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5117	−2.847%	$290.7M	$258.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5109	−2.898%	$38.7M	$86.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5135	−2.731%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5107	−2.911%	$531.5M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5109	−2.898%	$342.2M	$950.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5110	−2.892%	$125.1M	$888.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5107	−2.911%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5143	−2.680%	$137K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−2.867%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5108	−2.905%	$372.2M	$155.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5108	−2.905%	$295.7M	$904.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5107	−2.909%	$107.8M	$179.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5109	−2.898%	$268.3M	$392.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5105	−2.924%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5128	−2.777%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5106	−2.919%	$656K	$111.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5121	−2.823%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5110	−2.892%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5138	−2.712%	$50K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5121	−2.824%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5116	−2.853%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5114	−2.865%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5141	−2.690%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5107	−2.911%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5115	−2.862%	$49.4M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5107	−2.911%	$53.8M	$31.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5136	−2.727%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	−2.761%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5105	−2.921%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5110	−2.892%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0152%	8h	1.5136	−2.725%	$1.8M	$35.6M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5115	−2.860%	$5.7M	$48.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0202%	1h	1.5115	−2.860%	$2.0M	$1.4M	25x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5128	−2.779%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5130	−2.763%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5125	−2.795%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5141	−2.690%	$516K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0624%	1h	1.5126	−2.791%	$2K	$15K	10x	as long as short