XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0361%/8h= −39.5% APRnext payment −$0.45 per $10,000 · paid last 24h −0.135%

Price spread now: Injective against RISEx+2.174%7-day average −0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$126as in the Price arb table

costs, in and out, $10k−$1031.029% of the position

Long on RISEx Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.276%−$28 on $10k

Price spread, last 4 days (all we have)−2.831%−$283 · spread now +2.174%, 7d avg −0.112%

Together, before fees−3.107%−$311 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.286% dearer against RISEx than usual: you sell high and buy low (spread +2.174% now, against its 7-day average of −0.112%): +$229 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5229	0.0394	pay 0.0049% / 1h	54m 12s	$530K	$806K	10x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	54m 12s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against RISEx. 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 RISExbpFee InjectivebpOrdersPrice spread, now +2.174%Rate

Funding earned: −$75.81
Price spread: +2.174% → −0.112%: $228.6
Slippage, 4 orders: −$96.83
Fee RISEx: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $49.94
Costs to cover: 1.029%
Break-even: from the start

Slippage from RISEx: live order book, 49 min ago; Injective: live order book, 49 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 RISEx live order book, 49 min ago	2.24 bp	5.2 bp −$5	11.5 bp −$115	doesn't fit	doesn't fit
Sell Injective live order book, 49 min ago	46.17 bp	46.2 bp −$46	59.4 bp −$594	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	1.5222	−0.045%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5214	−0.095%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5180	−0.321%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5228	−0.004%	$246K	—	150x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+2.174%	$2K	$107K	30x
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5213	−0.102%	$14.5M	$74.2M	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5223	−0.039%	$7.8M	$24.4M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0096% / S −0.0053%	1h	1.5229	+0.001%	$786K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5219	−0.068%	$2.8M	$15.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5219	−0.065%	$546K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5214	−0.098%	$10K	$370K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5215	−0.089%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5217	−0.076%	$38.6M	$87.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5220	−0.061%	$614K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5218	−0.071%	$533.1M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5219	−0.065%	$349.4M	$959.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5221	−0.052%	$127.9M	$885.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5214	−0.098%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5229	+0.001%	$145K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5195	−0.220%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5220	−0.058%	$379.5M	$159.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5218	−0.072%	$313.6M	$916.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5216	−0.083%	$106.3M	$184.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5219	−0.065%	$269.1M	$394.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5218	−0.072%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5174	−0.363%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5183	−0.300%	$660K	$113.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5194	−0.226%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5181	−0.315%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5224	−0.032%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5225	−0.026%	$50K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5231	+0.013%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5231	+0.014%	$75K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5227	−0.013%	$819K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5233	+0.029%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5216	−0.085%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5224	−0.031%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5221	−0.052%	$54.4M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5223	−0.041%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5211	−0.117%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5222	−0.047%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5206	−0.150%	$17K	$79K	7x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5226	−0.019%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5220	−0.058%	$5.6M	$48.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0180%	1h	1.5231	+0.014%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0208%	1h	1.5231	+0.014%	$290.0M	$267.4M	20x	as long as short
Kalshi KXXRPPERP	+0.0213%	8h	1.5228	−0.006%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5221	−0.055%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5219	−0.065%	$23.8M	$78.0M	125x	as long as short
RISEx XRP/USDClong	+0.0394%	1h	1.5229	long leg	$530K	$806K	10x
Aftermath Perps XRPUSD	+0.0686%	1h	1.5208	−0.140%	$2K	$16K	10x	as long as short