Funding you earn now, next payment 23:00 UTC−0.0521%/8h= −57.0% APRnext payment −$0.65 per $10,000 · paid last 24h −0.067%
Price spread now: Hotstuff against Backpack−0.089%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Hotstuff is 0.089% cheaper against Backpack than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5644 | 0.0441 | pay 0.0055% / 1h | 54m 19s | $1.8M | $980K | 25x |
| Short | Hotstuff XRP-PERP | 1.5630 | −0.0080 | pay 0.0010% / 1h | 54m 19s | $7K | $2K | 20x |
Backpack XRP_USDC_PERP
Hotstuff XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$109.36
- Price spread: −0.089% → 0.000%
- −$8.95
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$133.31
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 5 min ago; Hotstuff: 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, 5 min ago | 0.32 bp | 5.3 bp −$5 | 6.4 bp −$64 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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-PERPshort | −0.0080% | 1h | 1.5630 | −0.089% | $7K | $2K | 20x | |
| dYdX XRP-USD | 0.0000% | 1h | 1.5630 | −0.090% | $1.1M | $101K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5530 | −0.729% | $69K | $90K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5606 | −0.243% | $261K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0006% | 1h | 1.5610 | −0.217% | $9.6M | $25.0M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0024% | 1h | 1.5630 | −0.088% | $19K | $72K | 7x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −2.263% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5610 | −0.220% | $15.5M | $67.1M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0051% | 8h | 1.5612 | −0.205% | $82K | $935K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0079% / S +0.0152% | 1h | 1.5605 | −0.249% | $919K | — | 200x | as long as short |
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Hibachi XRP/USDT-P
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
GMX XRP/USD [ETH-USDC]Show all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XRP | +0.0096% | 1h | 1.5604 | −0.253% | $3.1M | $11.6M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5607 | −0.237% | $464K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5608 | −0.233% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5610 | −0.219% | $39.9M | $74.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5639 | −0.032% | $682K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5601 | −0.275% | $565.3M | $1.91B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5599 | −0.288% | $353.6M | $865.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5599 | −0.288% | $127.8M | $867.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5587 | −0.364% | $578K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5632 | −0.077% | $121K | $720K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5455 | −1.211% | $1.7M | $470K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5610 | −0.217% | $372.1M | $133.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5598 | −0.294% | $286.7M | $816.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5615 | −0.188% | $113.1M | $151.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5607 | −0.237% | $270.4M | $351.2M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5607 | −0.237% | — | $115.4M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5558 | −0.549% | $11.8M | $29.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5524 | −0.769% | $674K | $96.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5563 | −0.518% | $1.1M | $41.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5507 | −0.876% | $1.0M | $880K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5611 | −0.211% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5619 | −0.160% | $53K | $436K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5611 | −0.210% | $42K | $61K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5608 | −0.229% | $840K | $71K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5611 | −0.208% | $131K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5607 | −0.237% | $30K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5600 | −0.282% | $51.3M | $15.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5600 | −0.281% | $55.5M | $28.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5635 | −0.058% | $487K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5621 | −0.147% | $12K | $247K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5605 | −0.250% | $2.2M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5606 | −0.243% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0192% | 1h | 1.5628 | −0.102% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5614 | −0.195% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5612 | −0.205% | $5.7M | $46.0M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5645 | +0.006% | $24.5M | $71.6M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0340% | 8h | 1.5636 | −0.051% | $1.9M | $32.0M | 2.9x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0441% | 1h | 1.5644 | long leg | $1.8M | $980K | 25x | |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5631 | −0.084% | $408K | $528K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0541% | 1h | 1.5538 | −0.675% | $1K | $11K | 10x | as long as short |
| Hyperliquid XRP | +0.0708% | 1h | 1.5633 | −0.070% | $289.8M | $193.7M | 20x | as long as short |
Lighter XRP
Lighter RH XRP
Nado XRP-PERP
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-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD
Hyperliquid XRP