Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRpaid last 24h −0.030%
Price spread now: Variational Omni against Backpack+0.031%7-day average +0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.042%−$4 on $10k
+Price spread, last 7 days+0.546%+$55 · spread now +0.031%, 7d avg +0.056%
=Together, before fees+0.504%+ Points / potential airdropVariational Omni: Active · farm board+$50 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.025% cheaper against Backpack than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5116 | 0.0145 | pay 0.0018% / 1h | 24m 06s | $2.0M | $1.4M | 25x |
| Short | Variational Omni XRP | 1.5121 | 0.0100 | get 0.0100% / 8h | 24m 06s | $4.8M | $38.7M | — |
Backpack XRP_USDC_PERP
Variational Omni XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$9.42
- Price spread: +0.031% → +0.056%
- −$2.45
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$21.87
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. 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 | 0.33 bp | 5.3 bp −$5 | 6.9 bp −$69 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 2.05 bp | doesn't fit | 4.4 bp −$44 | 19.3 bp −$1,933 | doesn't fit |
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 | 1.5124 | +0.053% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5106 | −0.063% | $1.1M | $148K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5110 | −0.040% | $7.7M | $24.0M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5107 | −0.060% | $244K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.937% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5106 | −0.066% | $14.5M | $73.8M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5106 | −0.066% | $2.8M | $15.2M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5109 | −0.046% | $601K | $3.2M | 20x | as long as short |
| Hibachi XRP/USDT-P | +0.0096% | 1h | 1.5129 | +0.084% | $17K | $78K | 7x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5102 | −0.093% | $20K | $383K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Lighter XRP
Lighter RH XRP
Hibachi XRP/USDT-P
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5106 | −0.067% | $994K | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5105 | −0.073% | $38.3M | $86.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5111 | −0.036% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5105 | −0.073% | $527.1M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5103 | −0.086% | $347.9M | $954.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5108 | −0.053% | $126.5M | $862.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5134 | +0.119% | $563K | $32K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5110 | −0.040% | $143K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5164 | +0.318% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5107 | −0.060% | $374.4M | $161.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5107 | −0.060% | $307.4M | $926.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5105 | −0.073% | $106.2M | $183.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5103 | −0.086% | $267.1M | $388.9M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5103 | −0.086% | — | $4.2M | — | as long as short |
| Variational Omni XRPshort | +0.0100% | 8h | 1.5121 | +0.031% | $4.8M | $38.7M | — | |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5149 | +0.216% | $658K | $113.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5141 | +0.162% | $1.1M | $34.9M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5168 | +0.344% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5114 | −0.013% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5107 | −0.060% | $52K | $515K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5108 | −0.053% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5107 | −0.060% | $77K | $689K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5108 | −0.053% | $813K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5111 | −0.036% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5106 | −0.066% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5107 | −0.063% | $49.3M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5107 | −0.060% | $53.8M | $32.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5109 | −0.046% | $471K | $55K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0104% / S −0.0066% | 1h | 1.5108 | −0.055% | $770K | — | 200x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5101 | −0.100% | $2.1M | $6.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5107 | −0.060% | $8K | $2K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5107 | −0.062% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0129% | 1h | 1.5121 | +0.031% | $288.6M | $267.9M | 20x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0145% | 1h | 1.5116 | long leg | $2.0M | $1.4M | 25x | |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5111 | −0.033% | $5.6M | $47.8M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0177% | 8h | 1.5119 | +0.020% | $1.8M | $34.2M | 2.9x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5121 | +0.033% | $23.7M | $77.5M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5102 | −0.092% | $1.3M | $4K | 15x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5108 | −0.055% | $519K | $807K | 10x | as long as short |
| Phoenix XRP | +0.0526% | 1h | 1.5150 | +0.225% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0628% | 1h | 1.5145 | +0.193% | $2K | $16K | 10x | as long as short |
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-USDC
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
GMX XRP/USD [ETH-USDC]
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
Hyperliquid XRP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD