Funding you earn now, next payment 06:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.028%
Price spread now: Gate against Backpack−0.146%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$320.315% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 7 days−0.096%−$10 · spread now −0.146%, 7d avg +0.053%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.200% cheaper against Backpack than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.053%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5035 | 0.0163 | pay 0.0020% / 1h | 40m 35s | $2.0M | $1.4M | 25x |
| Short | Gate XRP_USDT | 1.5013 | 0.0100 | get 0.0100% / 8h | 2h 40m | $371.1M | $156.7M | 100x |
Backpack XRP_USDC_PERP
Gate XRP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$13.18
- Price spread: −0.146% → +0.053%
- −$19.97
- Slippage, 4 orders
- −$6.53
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$64.68
- Costs to cover
- 0.315%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 3 min ago; Gate: live order book, 3 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 | 0.33 bp | 5.3 bp −$5 | 6.7 bp −$67 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 0.33 bp | 10.0 bp −$10 | 13.9 bp −$139 | 28.7 bp −$2,869 | 39.3 bp −$19.6K |
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 | 1.5017 | −0.120% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5044 | +0.060% | $14.2M | $75.2M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5017 | −0.121% | $1.1M | $115K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5050 | +0.100% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5040 | +0.033% | $257K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0016% | 1h | 1.5049 | +0.093% | $7.6M | $25.7M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.492% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.5039 | +0.027% | $788K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5020 | −0.100% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5018 | −0.112% | $2.8M | $14.8M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
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 | 1.5018 | −0.113% | $494K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5011 | −0.160% | $11K | $358K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5017 | −0.116% | $893K | $6.2M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5031 | −0.024% | $288.8M | $258.7M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5015 | −0.133% | $38.5M | $86.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5018 | −0.110% | $602K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5015 | −0.133% | $527.9M | $2.19B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5017 | −0.120% | $340.8M | $955.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5019 | −0.106% | $124.2M | $887.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5055 | +0.133% | $560K | $27K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5024 | −0.073% | $136K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5057 | +0.146% | $1.6M | $30K | 20x | as long as short |
| Gate XRP_USDTshort | +0.0100% | 8h | 1.5013 | −0.146% | $371.1M | $156.7M | 100x | |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5015 | −0.133% | $289.0M | $908.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5019 | −0.106% | $106.1M | $179.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5012 | −0.153% | $265.7M | $394.7M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5015 | −0.133% | — | $105.5M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5042 | +0.047% | $4.7M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5058 | +0.156% | $654K | $111.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5078 | +0.285% | $1.1M | $37.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5059 | +0.160% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5056 | +0.141% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5056 | +0.140% | $49K | $491K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5040 | +0.033% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5043 | +0.053% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5042 | +0.043% | $809K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5049 | +0.090% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5044 | +0.060% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5048 | +0.084% | $49.2M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5042 | +0.047% | $53.6M | $31.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5019 | −0.105% | $468K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5011 | −0.156% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5042 | +0.049% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0124% | 8h | 1.5037 | +0.013% | $1.7M | $35.7M | 2.9x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0163% | 1h | 1.5035 | long leg | $2.0M | $1.4M | 25x | |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5047 | +0.080% | $5.6M | $48.2M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5050 | +0.103% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5036 | +0.007% | $24.1M | $75.9M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0232% | 1h | 1.5056 | +0.143% | $17K | $82K | 7x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5024 | −0.076% | $512K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0604% | 1h | 1.5083 | +0.323% | $2K | $15K | 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
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
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
Reya XRPRUSDPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
RISEx XRP/USDC
Aftermath Perps XRPUSD