Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.012%
Price spread now: Backpack against Aevo+0.094%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.094% dearer against Aevo than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo XRP-PERP | 1.5200 | 0.0104 | pay 0.0013% / 1h | 47m 09s | $71K | $40K | 3x |
| Short | Backpack XRP_USDC_PERP | 1.5214 | 0.0100 | get 0.0013% / 1h | 47m 09s | $1.7M | $920K | 25x |
Aevo XRP-PERP
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.094% → 0.000%
- $9.36
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$17.48
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Aevo: no order-book sample; Backpack: live order book, 2 min ago. 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 2 min ago | 0.33 bp | 5.3 bp −$5 | 7.3 bp −$73 | doesn't fit | doesn't fit |
Aevo: 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX XRP/USD [ETH-USDC] | L −0.0211% / S +0.0297% | 1h | 1.5207 | +0.045% | $1.6M | — | 200x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5200 | +0.001% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5212 | +0.077% | $1.1M | $100K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5290 | +0.594% | $68K | $89K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5203 | +0.021% | $9.3M | $23.4M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5207 | +0.049% | $254K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0040% | 1h | 1.5290 | +0.594% | $2K | $86K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0047% | 8h | 1.5198 | −0.012% | $177K | $788K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5195 | −0.029% | $2.9M | $11.2M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5197 | −0.018% | $441K | $3.1M | 20x | as long as short |
GMX XRP/USD [ETH-USDC]
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5209 | +0.064% | $1.1M | $5.1M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5199 | −0.003% | $38.6M | $71.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5207 | +0.046% | $662K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5193 | −0.045% | $543.1M | $1.83B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5199 | −0.005% | $339.6M | $830.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5199 | −0.005% | $122.4M | $821.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5215 | +0.100% | $568K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5212 | +0.080% | $115K | $645K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5201 | +0.008% | $353.9M | $128.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5202 | +0.015% | $292.5M | $791.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5201 | +0.011% | $111.3M | $145.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5203 | +0.021% | $264.2M | $336.2M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5204 | +0.028% | — | $3.7M | — | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0100% | 1h | 1.5214 | +0.094% | $1.7M | $920K | 25x | |
| Variational Omni XRP | +0.0100% | 8h | 1.5293 | +0.611% | $6.3M | $24.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5215 | +0.101% | $661K | $94.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5187 | −0.087% | $1.1M | $41.9M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5294 | +0.620% | $1.0M | $823K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5202 | +0.014% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5210 | +0.067% | $51K | $457K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5207 | +0.045% | $42K | $59K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5200 | +0.001% | $819K | $70K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5204 | +0.027% | $127K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5193 | −0.045% | $28K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5203 | +0.019% | $50.0M | $14.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5195 | −0.031% | $54.2M | $28.0M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5279 | +0.521% | $1.6M | $350K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5211 | +0.076% | $474K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5204 | +0.028% | $11K | $244K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5196 | −0.023% | $2.1M | $7.2M | 50x | as long as short |
| Aevo XRP-PERPlong | +0.0104% | 1h | 1.5200 | long leg | $71K | $40K | 3x | |
| Kraken Futures PF_XRPUSD | +0.0171% | 1h | 1.5195 | −0.032% | $15.1M | $62.7M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0184% | 1h | 1.5214 | +0.094% | $8K | $8K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5207 | +0.048% | $5.3M | $42.4M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0205% | 8h | 1.5218 | +0.120% | $1.7M | $31.8M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0210% | 1h | 1.5207 | +0.048% | $1.3M | $10K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5209 | +0.061% | $24.0M | $65.2M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0264% | 1h | 1.5216 | +0.106% | $19K | $55K | 7x | as long as short |
| Hyperliquid XRP | +0.0416% | 1h | 1.5221 | +0.140% | $278.4M | $177.9M | 20x | as long as short |
| RISEx XRP/USDC | +0.0431% | 1h | 1.5219 | +0.128% | $403K | $503K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0560% | 1h | 1.5256 | +0.367% | $1K | $10K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Bulk XRP-USD
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Kraken Futures PF_XRPUSD
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD