XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0034%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h −0.038%

Price spread now: Injective against Kraken Futures+2.903%63s7-day average −0.176% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as 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−$1171.171% of the position

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−3.504%−$350 · spread now +2.903%, 7d avg −0.176%

Together, before fees−3.441%−$344 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 3.079% dearer against Kraken Futures than usual: you sell high and buy low: +$308 more if the spread goes back to its 7-day average of −0.176%. The two prices were read 63 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	Kraken Futures PF_XRPUSD	1.5121	−0.0001	get 0.0000% / 1h	48m 01s	$14.3M	$75.1M	50x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	48m 01s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Kraken Futures. 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 Kraken FuturesbpFee InjectivebpOrdersPrice spread, now +2.903%Rate

Funding earned: $7.22
Price spread: +2.903% → −0.176%: $307.94
Slippage, 4 orders: −$107.06
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $198.09
Costs to cover: 1.171%
Break-even: from the start

Slippage from Kraken Futures: live order book, 6 min ago; Injective: live order book, 1 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 Kraken Futures live order book, 6 min ago	1.99 bp	9.8 bp −$10	12.2 bp −$122	20.2 bp −$2,025	38.4 bp −$19.2K
Sell Injective live order book, 1 min ago	39.63 bp	58.5 bp −$59	72.5 bp −$725	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	1.5108	−0.086%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSDlong	−0.0001%	1h	1.5121	long leg	$14.3M	$75.1M	50x
dYdX XRP-USD	0.0000%	1h	1.5104	−0.113%	$1.1M	$115K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5120	−0.006%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5125	+0.027%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5123	+0.015%	$258K	—	150x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+2.903%	$2K	$107K	30x
01 Exchange XRPUSD	+0.0064%	1h	1.5127	+0.040%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5123	+0.013%	$793K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5121	−0.003%	$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	1.5123	+0.013%	$497K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5116	−0.033%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5122	+0.010%	$939K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5126	+0.033%	$290.9M	$258.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5114	−0.047%	$38.7M	$86.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5113	−0.052%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5113	−0.052%	$531.7M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5108	−0.086%	$342.0M	$950.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5111	−0.066%	$125.4M	$888.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5107	−0.092%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5128	+0.046%	$137K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.047%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5119	−0.013%	$372.4M	$155.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5116	−0.033%	$295.4M	$904.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5122	+0.003%	$107.8M	$179.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5113	−0.053%	$268.1M	$393.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5116	−0.033%	—	$105.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5128	+0.045%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5106	−0.100%	$656K	$111.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5131	+0.066%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5124	+0.020%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5118	−0.020%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5128	+0.046%	$50K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5120	−0.006%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5123	+0.013%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5122	+0.009%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5110	−0.076%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5121	0.000%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5106	−0.098%	$49.4M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5118	−0.020%	$53.9M	$31.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5111	−0.063%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5116	−0.030%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5120	−0.006%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0146%	8h	1.5120	−0.006%	$1.8M	$35.6M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5125	+0.027%	$5.7M	$48.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0188%	1h	1.5127	+0.040%	$2.0M	$1.4M	25x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5119	−0.012%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5097	−0.159%	$24.1M	$75.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5124	+0.019%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5128	+0.047%	$516K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0617%	1h	1.5124	+0.022%	$2K	$15K	10x	as long as short