Funding you earn now, next payment 03:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.023%
Price spread now: Aevo against Backpack−0.277%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.045%−$5 on $10k
+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 −$3 a day on $10k at the current rate, and Aevo is 0.277% cheaper against Backpack than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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 | Backpack XRP_USDC_PERP | 1.5265 | 0.0197 | pay 0.0025% / 1h | 15m 22s | $1.9M | $1.3M | 25x |
| Short | Aevo XRP-PERP | 1.5223 | 0.0104 | get 0.0013% / 1h | 15m 22s | $58K | $25K | 3x |
Backpack XRP_USDC_PERP
Aevo XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Backpack. 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
- −$19.59
- Price spread: −0.277% → 0.000%
- −$27.74
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$73.33
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 4 min ago; Aevo: 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 Backpack live order book, 4 min ago | 0.33 bp | 5.3 bp −$5 | 7.1 bp −$71 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5256 | −0.059% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5228 | −0.239% | $1.1M | $110K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5225 | −0.262% | $7.7M | $25.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5221 | −0.288% | $254K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0033% / S +0.0039% | 1h | 1.5221 | −0.285% | $798K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.933% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5224 | −0.269% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0076% | 8h | 1.5223 | −0.275% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5230 | −0.229% | $2.8M | $14.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5234 | −0.203% | $515K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
01 Exchange XRPUSD
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 | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5219 | −0.301% | $10K | $310K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5234 | −0.200% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5232 | −0.216% | $283.2M | $222.6M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5227 | −0.251% | $38.6M | $83.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5230 | −0.232% | $611K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5222 | −0.282% | $539.0M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5223 | −0.275% | $347.4M | $929.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5226 | −0.255% | $126.3M | $873.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5241 | −0.157% | $567K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5231 | −0.223% | $115K | $712K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5183 | −0.540% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5224 | −0.269% | $368.9M | $153.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5223 | −0.275% | $295.9M | $902.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5223 | −0.275% | $109.3M | $171.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5225 | −0.262% | $270.0M | $380.6M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5222 | −0.282% | — | $126.0M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5260 | −0.036% | $6.0M | $36.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5237 | −0.185% | $662K | $108.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5251 | −0.092% | $1.1M | $35.3M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5246 | −0.124% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5228 | −0.241% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5223 | −0.275% | $42K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5223 | −0.276% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5225 | −0.261% | $819K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5227 | −0.249% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5224 | −0.269% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5255 | −0.065% | $50.0M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5259 | −0.039% | $54.3M | $30.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5226 | −0.253% | $475K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5219 | −0.298% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERPshort | +0.0104% | 1h | 1.5223 | −0.277% | $58K | $25K | 3x | |
| Backpack XRP_USDC_PERPlong | +0.0197% | 1h | 1.5265 | long leg | $1.9M | $1.3M | 25x | |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5218 | −0.308% | $1.3M | $7K | 15x | as long as short |
| Hibachi XRP/USDT-P | +0.0216% | 1h | 1.5263 | −0.011% | $17K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5228 | −0.242% | $5.6M | $46.7M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5250 | −0.098% | $24.3M | $75.5M | 125x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0272% | 1h | 1.5223 | −0.275% | $14.5M | $73.2M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0349% | 8h | 1.5259 | −0.039% | $2.1M | $34.7M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5231 | −0.225% | $519K | $778K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5260 | −0.033% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0654% | 1h | 1.5234 | −0.204% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
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-USDT
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
Extended XRP-USD
Reya XRPRUSDPERP
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kraken Futures PF_XRPUSD
Kalshi KXXRPPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD