XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0114%/8h= −12.4% APRnext payment −$0.14 per $10,000 · paid last 24h −0.042%

Price spread now: gTrade (Gains Network) against Backpack+0.038%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$273as in the Price arb table

costs, in and out, $10k−$2812.807% of the position

Long on Backpack Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.105%−$10 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.038%, 7d avg −0.043%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. gTrade (Gains Network) is 0.082% dearer against Backpack than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of −0.043%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XRP_USDC_PERP	1.5219	0.0118	pay 0.0015% / 1h	30m 21s	$1.7M	$915K	25x
Short	gTrade (Gains Network) XRP/USD	1.5225	L +0.0003% / S −0.0004%	get 0.0001% / 1h	30m 21s	$255K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.038%Rate

Funding earned: −$23.88
Price spread: +0.038% → −0.043%: $8.16
Slippage, 4 orders: −$260.73
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$296.44
Costs to cover: 2.807%
Break-even: never at this rate

Slippage from Backpack: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 58 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, 4 min ago	0.33 bp	5.3 bp −$5	6.0 bp −$60	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 58 min ago	130.04 bp	135.0 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	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
GMX XRP/USD [ETH-USDC]	L −0.0210% / S +0.0297%	1h	1.5224	+0.032%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5203	−0.105%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5229	+0.068%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	+0.007%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5227	+0.053%	$9.2M	$24.0M	50x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5225	+0.038%	$255K	—	150x
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.467%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5217	−0.013%	$177K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5225	+0.042%	$2.9M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5227	+0.053%	$442K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5226	+0.049%	$1.0M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5224	+0.032%	$38.7M	$71.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5232	+0.087%	$663K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5222	+0.019%	$544.5M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5228	+0.059%	$340.9M	$834.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5221	+0.013%	$122.8M	$826.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5194	−0.164%	$566K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5247	+0.184%	$114K	$646K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.117%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5225	+0.039%	$355.5M	$129.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5226	+0.046%	$289.6M	$803.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5233	+0.095%	$112.9M	$147.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5223	+0.026%	$265.0M	$338.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5225	+0.039%	—	$113.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5205	−0.093%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5218	−0.009%	$661K	$95.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5252	+0.217%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5206	−0.085%	$1.0M	$848K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5223	+0.024%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5231	+0.079%	$50K	$474K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5224	+0.036%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5220	+0.004%	$820K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5230	+0.074%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5223	+0.026%	$27K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5234	+0.100%	$50.1M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5226	+0.046%	$54.4M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5244	+0.164%	$475K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5235	+0.105%	$11K	$235K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5222	+0.017%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5221	+0.016%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERPlong	+0.0118%	1h	1.5219	long leg	$1.7M	$915K	25x
01 Exchange XRPUSD	+0.0136%	1h	1.5241	+0.145%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5223	+0.029%	$15.3M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5226	+0.046%	$5.4M	$43.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0207%	8h	1.5235	+0.105%	$1.7M	$31.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5224	+0.035%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5207	−0.079%	$23.8M	$66.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5206	−0.084%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5245	+0.170%	$404K	$496K	10x	as long as short
Hyperliquid XRP	+0.0447%	1h	1.5246	+0.177%	$279.1M	$180.7M	20x	as long as short
Aftermath Perps XRPUSD	+0.0549%	1h	1.5235	+0.103%	$1K	$11K	10x	as long as short