XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.024%

Price spread now: Derive against Backpack−0.080%7-day average −0.041% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.361%−$36 · spread now −0.080%, 7d avg −0.041%

Together, before fees−0.389%−$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Derive is 0.039% cheaper against Backpack than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XRP_USDC_PERP	1.5259	0.0195	pay 0.0024% / 1h	16m 44s	$1.9M	$1.3M	25x
Short	Derive XRP-PERP	1.5247	0.0100	get 0.0013% / 1h	16m 44s	$820K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee DerivebpOrdersPrice spread, now −0.080%Rate

Funding earned: −$19.96
Price spread: −0.080% → −0.041%: −$3.87
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$39.83
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 2 min ago; Derive: 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, 2 min ago	0.33 bp	5.3 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	1.5241	−0.118%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5252	−0.043%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5245	−0.091%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5248	−0.072%	$7.7M	$25.4M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0032% / S +0.0039%	1h	1.5245	−0.090%	$799K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.973%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5241	−0.118%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5247	−0.079%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5259	−0.001%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5254	−0.033%	$516K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5230	−0.190%	$10K	$310K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5236	−0.147%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5260	+0.007%	$283.6M	$222.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5253	−0.041%	$38.6M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5256	−0.020%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5257	−0.013%	$540.2M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5256	−0.020%	$347.8M	$929.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5256	−0.020%	$126.7M	$874.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5226	−0.216%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5242	−0.111%	$115K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	−0.501%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5249	−0.066%	$370.9M	$153.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5250	−0.059%	$297.4M	$901.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5249	−0.068%	$109.4M	$171.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5250	−0.059%	$270.1M	$380.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5246	−0.085%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5221	−0.251%	$5.9M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5220	−0.252%	$661K	$108.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5229	−0.198%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5231	−0.183%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5239	−0.128%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5246	−0.085%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5245	−0.091%	$41K	$68K	20x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5247	−0.080%	$820K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5253	−0.040%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5245	−0.092%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5246	−0.084%	$49.9M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5245	−0.092%	$54.3M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5238	−0.140%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5246	−0.087%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5243	−0.105%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERPlong	+0.0195%	1h	1.5259	long leg	$1.9M	$1.3M	25x
Reya XRPRUSDPERP	+0.0215%	1h	1.5242	−0.112%	$1.3M	$7K	15x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5220	−0.254%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5252	−0.046%	$5.6M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5250	−0.059%	$24.3M	$75.5M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0272%	1h	1.5244	−0.098%	$14.5M	$73.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0349%	8h	1.5244	−0.098%	$2.1M	$34.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5243	−0.105%	$519K	$778K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5230	−0.190%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0655%	1h	1.5218	−0.271%	$2K	$14K	10x	as long as short