XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.036%

Price spread now: Phoenix against Backpack+0.072%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.265%−$26 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.072% dearer against Backpack than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XRP_USDC_PERP	1.5289	0.0100	pay 0.0013% / 1h	50m 10s	$1.7M	$914K	25x
Short	Phoenix XRP	1.5300	0	get 0.0000% / 1h	50m 10s	$68K	$89K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$21
Price spread: +0.072% → 0.000%: $7.19
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$30.81
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 4 min ago; Phoenix: 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 Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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
GMX XRP/USD [ETH-USDC]	L −0.0211% / S +0.0297%	1h	1.5251	−0.252%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5287	−0.013%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5272	−0.110%	$1.1M	$101K	10x	as long as short
Phoenix XRPshort	0.0000%	1h	1.5300	+0.072%	$68K	$89K	15x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5231	−0.379%	$9.3M	$23.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5251	−0.248%	$255K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.007%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5235	−0.353%	$179K	$785K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5223	−0.433%	$2.9M	$11.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5224	−0.425%	$442K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5265	−0.160%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5255	−0.225%	$38.7M	$71.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5268	−0.135%	$672K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5222	−0.438%	$545.0M	$1.83B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5230	−0.386%	$342.2M	$831.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5228	−0.399%	$123.1M	$822.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5294	+0.033%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5264	−0.164%	$115K	$643K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5250	−0.255%	$354.8M	$128.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5226	−0.412%	$292.7M	$788.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5224	−0.427%	$111.8M	$145.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5222	−0.438%	$265.0M	$336.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5221	−0.445%	—	$112.6M	—	as long as short
Backpack XRP_USDC_PERPlong	+0.0100%	1h	1.5289	long leg	$1.7M	$914K	25x
Variational Omni XRP	+0.0100%	8h	1.5293	+0.023%	$6.3M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5297	+0.050%	$665K	$94.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5308	+0.124%	$1.1M	$42.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5297	+0.052%	$1.0M	$823K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5271	−0.118%	$51K	$456K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5251	−0.249%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5245	−0.288%	$821K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5272	−0.110%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5224	−0.425%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5215	−0.487%	$50.1M	$14.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5220	−0.451%	$54.4M	$27.9M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5279	−0.065%	$1.6M	$350K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5260	−0.189%	$476K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5265	−0.154%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5268	−0.137%	$12K	$236K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5224	−0.423%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5232	−0.374%	$71K	$40K	3x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5223	−0.432%	$15.2M	$62.7M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5231	−0.379%	$5.3M	$42.4M	50x	as long as short
Kalshi KXXRPPERP	+0.0206%	8h	1.5249	−0.262%	$1.7M	$31.9M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5258	−0.202%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5278	−0.072%	$23.9M	$65.6M	125x	as long as short
01 Exchange XRPUSD	+0.0232%	1h	1.5262	−0.177%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5287	−0.013%	$19K	$55K	7x	as long as short
Hyperliquid XRP	+0.0428%	1h	1.5278	−0.072%	$285.3M	$174.2M	20x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5268	−0.138%	$404K	$503K	10x	as long as short
Aftermath Perps XRPUSD	+0.0552%	1h	1.5296	+0.049%	$1K	$10K	10x	as long as short