XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0374%/8h= −41.0% APRnext payment −$0.47 per $10,000 · paid last 24h −0.124%

Price spread now: GMX against Backpack−0.143%7-day average −0.013% · you buy dearer than you sell

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

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.263%−$26 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.143%, 7d avg −0.013%

Together, before fees−0.130%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and GMX is 0.130% cheaper against Backpack than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XRP_USDC_PERP	1.5362	0.0299	pay 0.0037% / 1h	15m 27s	$1.9M	$1.3M	25x
Short	GMX XRP/USD [ETH-USDC]	1.5340	L +0.0017% / S +0.0075%	pay 0.0009% / 1h	15m 27s	$841K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.143%Rate

Funding earned: −$78.6
Price spread: −0.143% → −0.013%: −$12.95
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$113.55
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 4 min ago; GMX: 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, 4 min ago	0.33 bp	5.3 bp −$5	7.0 bp −$70	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	1.5367	+0.033%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5363	+0.005%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5340	−0.144%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]short	L +0.0017% / S +0.0075%	1h	1.5340	−0.143%	$841K	—	200x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.289%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5347	−0.098%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5354	−0.052%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5360	−0.013%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5363	+0.007%	$516K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5357	−0.033%	$9K	$280K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5365	+0.018%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5355	−0.042%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5360	−0.011%	$38.8M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5366	+0.024%	$635K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5365	+0.020%	$543.0M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5364	+0.013%	$342.6M	$919.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5362	0.000%	$125.0M	$868.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5317	−0.293%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5368	+0.039%	$117K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.570%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5361	−0.007%	$375.1M	$151.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5362	0.000%	$307.9M	$911.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5357	−0.029%	$110.6M	$166.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5362	0.000%	$268.9M	$374.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5361	−0.007%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5332	−0.194%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	−0.322%	$665K	$107.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5336	−0.169%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5325	−0.241%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5355	−0.046%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5367	+0.033%	$49K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5360	−0.016%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5350	−0.077%	$826K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5344	−0.118%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5355	−0.046%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5344	−0.120%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5352	−0.065%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5359	−0.018%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5349	−0.086%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0206%	1h	1.5355	−0.046%	$9.3M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5359	−0.018%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5323	−0.254%	$24.1M	$73.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5360	−0.013%	$5.8M	$46.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5358	−0.028%	$14.6M	$70.2M	50x	as long as short
Backpack XRP_USDC_PERPlong	+0.0299%	1h	1.5362	long leg	$1.9M	$1.3M	25x
Hibachi XRP/USDT-P	+0.0312%	1h	1.5337	−0.161%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5348	−0.091%	$2.0M	$34.8M	2.9x	as long as short
Hyperliquid XRP	+0.0382%	1h	1.5377	+0.095%	$289.8M	$214.9M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5320	−0.273%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0793%	1h	1.5332	−0.195%	$2K	$13K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5363	+0.007%	$543K	$773K	10x	as long as short