Funding you earn now, next payment 04:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h −0.025%
Price spread now: HTX against Backpack−0.147%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$280.284% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now −0.147%, 7d avg −0.088%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.059% cheaper against Backpack than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.088%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5195 | 0.0171 | pay 0.0021% / 1h | 25m 36s | $1.9M | $1.3M | 25x |
| Short | HTX XRP-USDT | 1.5173 | 0.0100 | get 0.0100% / 8h | 4h 25m | $49.6M | $15.7M | 75x |
Backpack XRP_USDC_PERP
HTX XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$14.92
- Price spread: −0.147% → −0.088%
- −$5.92
- Slippage, 4 orders
- −$6.36
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$49.21
- Costs to cover
- 0.284%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 3 min ago; HTX: live order book, 4 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 | 7.6 bp −$76 | doesn't fit | doesn't fit |
| Sell HTX live order book, 4 min ago | 0.03 bp | 10.6 bp −$11 | 12.8 bp −$128 | 31.9 bp −$3,194 | 108.7 bp −$54.4K |
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 | 1.5179 | −0.105% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5184 | −0.069% | $14.3M | $73.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5177 | −0.118% | $1.1M | $111K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5180 | −0.099% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5176 | −0.123% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5185 | −0.066% | $7.7M | $25.5M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.402% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0042% / S +0.0026% | 1h | 1.5174 | −0.140% | $791K | — | 200x | as long as short |
| Orderly PERP_XRP_USDC | +0.0084% | 8h | 1.5178 | −0.112% | $62K | $934K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5186 | −0.057% | $2.8M | $14.6M | 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]
Orderly PERP_XRP_USDC
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 | 1.5183 | −0.079% | $499K | $3.3M | 20x | as long as short |
| 01 Exchange XRPUSD | +0.0096% | 1h | 1.5194 | −0.007% | $8K | $8K | 10x | as long as short |
| Katana Perps XRP-USD | +0.0097% | 8h | 1.5186 | −0.059% | $10K | $325K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5179 | −0.102% | $1.1M | $6.0M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5191 | −0.026% | $281.9M | $226.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5181 | −0.092% | $38.4M | $83.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5189 | −0.041% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5187 | −0.052% | $535.5M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5193 | −0.013% | $347.4M | $933.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5191 | −0.026% | $126.2M | $876.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5174 | −0.138% | $564K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5192 | −0.020% | $110K | $713K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5115 | −0.524% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5188 | −0.046% | $370.3M | $154.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5191 | −0.026% | $291.6M | $900.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5182 | −0.085% | $107.9M | $174.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5191 | −0.026% | $268.7M | $384.7M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5184 | −0.072% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5179 | −0.107% | $5.2M | $37.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5199 | +0.029% | $661K | $108.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5207 | +0.079% | $1.1M | $36.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5200 | +0.033% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5180 | −0.102% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5182 | −0.086% | $44K | $452K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5175 | −0.133% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5180 | −0.098% | $817K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5185 | −0.063% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5186 | −0.059% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDTshort | +0.0100% | 8h | 1.5173 | −0.147% | $49.6M | $15.7M | 75x | |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5190 | −0.033% | $54.2M | $30.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5185 | −0.066% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5186 | −0.056% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5179 | −0.105% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0171% | 1h | 1.5195 | long leg | $1.9M | $1.3M | 25x | |
| Hibachi XRP/USDT-P | +0.0184% | 1h | 1.5158 | −0.244% | $17K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5190 | −0.033% | $5.6M | $47.2M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5180 | −0.098% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5181 | −0.092% | $24.1M | $76.2M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0311% | 8h | 1.5182 | −0.086% | $2.1M | $34.5M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5195 | −0.002% | $517K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0654% | 1h | 1.5182 | −0.088% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
01 Exchange XRPUSD
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
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
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
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD