Funding you earn now, next payment 04:00 UTC−0.0070%/8h= −7.6% APRnext payment −$0.09 per $10,000 · paid last 24h −0.025%
Price spread now: Ondo Perps against Backpack−0.013%7-day average −0.095% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.163%−$16 on $10k
+Price spread, last 4 days (all we have)−0.374%−$37 · spread now −0.013%, 7d avg −0.095%
=Together, before fees−0.536%+ Points / potential airdropOndo Perps: Active · farm board−$54 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.082% dearer against Backpack than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.095%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5146 | 0.0170 | pay 0.0021% / 1h | 51m 38s | $1.9M | $1.3M | 25x |
| Short | Ondo Perps XRP-USD.P | 1.5144 | 0.0100 | get 0.0013% / 1h | 51m 38s | $563K | $28K | 5x |
Backpack XRP_USDC_PERP
Ondo Perps XRP-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$14.63
- Price spread: −0.013% → −0.095%
- $8.2
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$21.43
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 2 min ago; Ondo Perps: 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, 2 min ago | 0.33 bp | 5.3 bp −$5 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | 1.5137 | −0.059% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5132 | −0.090% | $14.3M | $73.5M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5133 | −0.087% | $1.1M | $114K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5170 | +0.158% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5141 | −0.033% | $7.7M | $25.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5139 | −0.045% | $253K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.733% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0037% / S +0.0033% | 1h | 1.5137 | −0.060% | $788K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0048% | 1h | 1.5136 | −0.066% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0078% | 8h | 1.5137 | −0.059% | $62K | $935K | 50x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Orderly PERP_XRP_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XRP | +0.0096% | 1h | 1.5137 | −0.063% | $2.8M | $14.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5136 | −0.066% | $509K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5126 | −0.132% | $9K | $316K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5145 | −0.010% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5143 | −0.020% | $281.4M | $224.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5138 | −0.053% | $38.3M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5136 | −0.069% | $607K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5137 | −0.059% | $533.2M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5132 | −0.092% | $344.5M | $930.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5132 | −0.092% | $125.7M | $871.5M | 100x | as long as short |
| Ondo Perps XRP-USD.Pshort | +0.0100% | 1h | 1.5144 | −0.013% | $563K | $28K | 5x | |
| Arcus XRP-USD | +0.0100% | 1h | 1.5135 | −0.073% | $113K | $717K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5164 | +0.121% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5133 | −0.086% | $369.7M | $152.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5134 | −0.079% | $295.2M | $893.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5133 | −0.085% | $108.2M | $172.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5130 | −0.106% | $267.5M | $382.6M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5131 | −0.099% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5167 | +0.139% | $5.5M | $37.2M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5157 | +0.074% | $659K | $108.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5161 | +0.099% | $1.1M | $35.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5114 | −0.211% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5149 | +0.018% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5145 | −0.007% | $42K | $451K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5138 | −0.056% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5138 | −0.054% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5142 | −0.028% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5137 | −0.059% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5131 | −0.096% | $49.5M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5139 | −0.046% | $53.9M | $30.4M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5131 | −0.096% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5127 | −0.123% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5135 | −0.073% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0168% | 1h | 1.5160 | +0.096% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0170% | 1h | 1.5146 | long leg | $1.9M | $1.3M | 25x | |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5145 | −0.007% | $5.6M | $47.0M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5141 | −0.032% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5167 | +0.139% | $24.3M | $76.0M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0327% | 8h | 1.5147 | +0.007% | $2.1M | $34.4M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5137 | −0.057% | $515K | $780K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0673% | 1h | 1.5159 | +0.085% | $2K | $14K | 10x | as long as short |
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
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
HTX XRP-USDT
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