Funding you earn now, next payment 00:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h −0.017%
Price spread now: Aster against Backpack−0.072%7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 7 days+0.932%+$93 · spread now −0.072%, 7d avg +0.073%
=Together, before fees+0.811%+ Points / potential airdropAster: Stage 5 · farm board+$81 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.145% cheaper against Backpack than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.073%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5480 | 0.0302 | pay 0.0038% / 1h | 35m 33s | $1.7M | $1.0M | 25x |
| Short | Aster XRPUSDT | 1.5469 | 0.0100 | get 0.0100% / 8h | 35m 33s | $39.3M | $80.6M | 100x |
Backpack XRP_USDC_PERP
Aster XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster 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
- −$42.41
- Price spread: −0.072% → +0.073%
- −$14.55
- Slippage, 4 orders
- −$3.3
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$78.26
- Costs to cover
- 0.213%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 3 min ago; Aster: live order book, 4 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 Backpack live order book, 3 min ago | 0.32 bp | 5.4 bp −$5 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Aster live order book, 4 min ago | 0.97 bp | 5.0 bp −$5 | 5.1 bp −$51 | 11.9 bp −$1,192 | 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 | 1.5469 | −0.071% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5466 | −0.094% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5550 | +0.452% | $69K | $90K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5475 | −0.032% | $9.6M | $25.4M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5465 | −0.100% | $259K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0007% / S +0.0102% | 1h | 1.5463 | −0.110% | $851K | — | 200x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0032% | 1h | 1.5473 | −0.043% | $15.5M | $68.8M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0057% | 8h | 1.5465 | −0.097% | $76K | $909K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | +0.517% | $2K | $107K | 30x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5465 | −0.096% | $3.0M | $12.6M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Injective XRP/USDC PERP
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5471 | −0.058% | $441K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5468 | −0.074% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDTshort | +0.0100% | 8h | 1.5469 | −0.072% | $39.3M | $80.6M | 100x | |
| Pacifica XRP | +0.0100% | 1h | 1.5468 | −0.078% | $636K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5463 | −0.109% | $553.0M | $2.02B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5464 | −0.103% | $346.2M | $919.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5462 | −0.116% | $126.7M | $882.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5473 | −0.045% | $576K | $42K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5466 | −0.090% | $116K | $755K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5506 | +0.167% | $1.7M | $573K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5464 | −0.103% | $372.8M | $144.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5464 | −0.103% | $301.8M | $875.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5463 | −0.110% | $112.4M | $163.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5463 | −0.110% | $269.7M | $372.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5462 | −0.116% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5470 | −0.066% | $11.5M | $30.6M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5479 | −0.009% | $672K | $104.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5516 | +0.235% | $1.1M | $40.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5499 | +0.123% | $1.0M | $899K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5469 | −0.073% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5468 | −0.078% | $47K | $455K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5465 | −0.097% | $41K | $67K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5467 | −0.086% | $833K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5476 | −0.023% | $129K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5472 | −0.052% | $32K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5463 | −0.109% | $50.8M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5474 | −0.039% | $55.0M | $29.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5467 | −0.082% | $482K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5465 | −0.097% | $12K | $267K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5458 | −0.141% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5468 | −0.081% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5466 | −0.090% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5464 | −0.105% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5477 | −0.019% | $24.5M | $74.3M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5481 | +0.006% | $5.9M | $47.4M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0264% | 1h | 1.5479 | −0.004% | $18K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0302% | 1h | 1.5480 | long leg | $1.7M | $1.0M | 25x | |
| Kalshi KXXRPPERP | +0.0310% | 8h | 1.5481 | +0.006% | $2.0M | $34.1M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0594% | 1h | 1.5486 | +0.039% | $294.3M | $210.2M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5474 | −0.036% | $503K | $633K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0797% | 1h | 1.5518 | +0.246% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
Nado XRP-PERP
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
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD