Funding you earn now, next payment 06:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.008%
Price spread now: BloFin against Backpack−0.146%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$250.247% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.146%, 7d avg −0.035%
=Funding pays, the price is against you. BloFin is 0.112% cheaper against Backpack than usual: you would sell low and buy high (spread −0.146% now, against its 7-day average of −0.035%). If the spread goes back, that is −$11 on $10k: about 7.0 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5027 | 0.0167 | pay 0.0021% / 1h | 22m 22s | $2.0M | $1.4M | 25x |
| Short | BloFin XRP-USDT | 1.5005 | 0.0220 | get 0.0220% / 8h | 2h 22m | $23.2M | $76.4M | 125x |
Backpack XRP_USDC_PERP
BloFin XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $11.14
- Price spread: −0.146% → −0.035%
- −$11.16
- Slippage, 4 orders
- −$2.66
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$24.67
- Costs to cover
- 0.247%
- Break-even
- 22.5 days
Slippage from Backpack: live order book, 2 min ago; BloFin: live order book, 7 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, 2 min ago | 0.33 bp | 5.3 bp −$5 | 6.0 bp −$60 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 7 min ago | 0.33 bp | 6.3 bp −$6 | 6.7 bp −$67 | 10.2 bp −$1,016 | 20.0 bp −$10.0K |
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 | 1.5027 | 0.000% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5012 | −0.102% | $14.1M | $74.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5023 | −0.026% | $1.1M | $130K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.4980 | −0.313% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5039 | +0.081% | $243K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.547% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.5038 | +0.072% | $787K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0083% | 1h | 1.5012 | −0.100% | $7.6M | $25.6M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0088% | 1h | 1.5042 | +0.100% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5029 | +0.012% | $2.8M | $15.0M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
Deribit XRP_USDC-PERPETUAL
01 Exchange XRPUSD
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 | 1.5035 | +0.053% | $544K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5034 | +0.047% | $10K | $360K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5038 | +0.077% | $945K | $6.3M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5054 | +0.180% | $287.1M | $261.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5043 | +0.108% | $38.3M | $87.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5032 | +0.030% | $601K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5044 | +0.113% | $522.7M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5042 | +0.100% | $342.4M | $963.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5048 | +0.140% | $124.9M | $879.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.4996 | −0.206% | $556K | $31K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5044 | +0.113% | $144K | $712K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5026 | −0.003% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5044 | +0.113% | $369.2M | $159.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5041 | +0.093% | $285.4M | $920.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5044 | +0.114% | $104.9M | $180.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5040 | +0.087% | $263.9M | $397.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5040 | +0.087% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.4960 | −0.446% | $4.7M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.4951 | −0.504% | $649K | $112.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.4988 | −0.262% | $1.1M | $37.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.4945 | −0.546% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5037 | +0.065% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5045 | +0.120% | $51K | $489K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5043 | +0.106% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5047 | +0.133% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5003 | −0.158% | $807K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5013 | −0.091% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5011 | −0.106% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5001 | −0.172% | $49.0M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5015 | −0.080% | $53.5M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5035 | +0.053% | $469K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5034 | +0.050% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5007 | −0.134% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0160% | 8h | 1.5010 | −0.113% | $1.7M | $35.8M | 2.9x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0167% | 1h | 1.5027 | long leg | $2.0M | $1.4M | 25x | |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5016 | −0.073% | $5.5M | $48.1M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0192% | 1h | 1.5000 | −0.176% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5039 | +0.080% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDTshort | +0.0220% | 8h | 1.5005 | −0.146% | $23.2M | $76.4M | 125x | |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5043 | +0.108% | $516K | $785K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0624% | 1h | 1.5011 | −0.110% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
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-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD