Funding you earn now, next payment 22:00 UTC−0.0413%/8h= −45.3% APRnext payment −$0.52 per $10,000 · paid last 24h −0.112%
Price spread now: Backpack against Aftermath Perps−0.182%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Backpack is 0.182% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps XRPUSD | 1.5325 | 0.0513 | pay 0.0064% / 1h | 57m 41s | $1K | $10K | 10x |
| Short | Backpack XRP_USDC_PERP | 1.5297 | 0.0100 | get 0.0013% / 1h | 57m 41s | $1.7M | $926K | 25x |
Aftermath Perps XRPUSD
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aftermath Perps. 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
- −$86.82
- Price spread: −0.182% → 0.000%
- −$18.17
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$123.99
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Backpack: live order book, 1 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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 1 min ago | 0.33 bp | 5.3 bp −$5 | 6.4 bp −$64 | doesn't fit | doesn't fit |
Aftermath Perps: 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 | 1.5290 | −0.229% | $1.7M | — | 200x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5320 | −0.032% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5295 | −0.195% | $1.1M | $101K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5340 | +0.099% | $68K | $83K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5291 | −0.221% | $9.3M | $23.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5289 | −0.231% | $256K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0040% | 1h | 1.5290 | −0.227% | $2K | $86K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0047% | 8h | 1.5285 | −0.260% | $182K | $783K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5298 | −0.176% | $2.9M | $11.0M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5298 | −0.175% | $444K | $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 | 1.5310 | −0.094% | $1.1M | $5.1M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5288 | −0.240% | $38.8M | $71.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5298 | −0.177% | $674K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5289 | −0.236% | $548.3M | $1.84B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5286 | −0.254% | $346.4M | $829.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5283 | −0.273% | $123.5M | $826.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5303 | −0.143% | $570K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5313 | −0.077% | $117K | $637K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5314 | −0.069% | $1.6M | $344K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5288 | −0.240% | $355.8M | $127.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5287 | −0.247% | $303.9M | $781.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5287 | −0.248% | $112.8M | $145.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5291 | −0.221% | $266.4M | $337.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5290 | −0.227% | — | $3.7M | — | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0100% | 1h | 1.5297 | −0.182% | $1.7M | $926K | 25x | |
| Variational Omni XRP | +0.0100% | 8h | 1.5361 | +0.234% | $6.4M | $24.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5331 | +0.040% | $666K | $94.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5326 | +0.009% | $1.1M | $42.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5336 | +0.073% | $1.0M | $823K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5306 | −0.125% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5305 | −0.130% | $52K | $462K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5292 | −0.215% | $42K | $61K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5289 | −0.234% | $823K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5295 | −0.193% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5285 | −0.260% | $33K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5284 | −0.265% | $50.3M | $14.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5287 | −0.247% | $54.6M | $28.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5286 | −0.251% | $477K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5310 | −0.097% | $12K | $232K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5283 | −0.275% | $2.1M | $7.4M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5287 | −0.247% | $71K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0128% | 1h | 1.5307 | −0.116% | $8K | $8K | 10x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0170% | 1h | 1.5286 | −0.255% | $15.3M | $62.6M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5296 | −0.188% | $5.3M | $42.4M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0210% | 1h | 1.5296 | −0.189% | $1.4M | $10K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5322 | −0.019% | $23.8M | $66.2M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0220% | 8h | 1.5311 | −0.090% | $1.7M | $32.1M | 2.9x | as long as short |
| Hibachi XRP/USDT-P | +0.0264% | 1h | 1.5333 | +0.051% | $19K | $54K | 7x | as long as short |
| RISEx XRP/USDC | +0.0431% | 1h | 1.5313 | −0.077% | $405K | $505K | 10x | as long as short |
| Hyperliquid XRP | +0.0458% | 1h | 1.5308 | −0.110% | $287.0M | $173.4M | 20x | as long as short |
| Aftermath Perps XRPUSDlong | +0.0513% | 1h | 1.5325 | long leg | $1K | $10K | 10x |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk 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
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Kraken Futures PF_XRPUSD
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
Hibachi XRP/USDT-P
RISEx XRP/USDC
Hyperliquid XRP