Funding you earn now, next payment 00:00 UTC+0.0178%/8h= +19.4% APRpaid last 24h +0.017%
Price spread now: Backpack against Binance+0.082%7-day average −0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 7 days−0.949%−$95 · spread now +0.082%, 7d avg −0.070%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Backpack is 0.153% dearer against Binance than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.070%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XRPUSDT | 1.5408 | 0.0100 | pay 0.0100% / 8h | 30m 48s | $549.8M | $2.03B | 100x |
| Short | Backpack XRP_USDC_PERP | 1.5421 | 0.0278 | get 0.0035% / 1h | 30m 48s | $1.7M | $1.0M | 25x |
Binance XRPUSDT
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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
- $37.3
- Price spread: +0.082% → −0.070%
- $15.28
- Slippage, 4 orders
- −$1.29
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $31.29
- Costs to cover
- 0.213%
- Break-even
- 1.1 days
Slippage from Binance: live order book, 13 min ago; Backpack: live order book, 3 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 Binance live order book, 13 min ago | 0.32 bp | 5.3 bp −$5 | 6.4 bp −$64 | 12.4 bp −$1,243 | 30.3 bp −$15.2K |
| Sell Backpack live order book, 3 min ago | 0.32 bp | 5.3 bp −$5 | 7.5 bp −$75 | doesn't fit | 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 | 1.5437 | +0.186% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5409 | +0.003% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5440 | +0.206% | $69K | $90K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5424 | +0.102% | $9.5M | $25.4M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5434 | +0.170% | $267K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0008% / S +0.0100% | 1h | 1.5432 | +0.156% | $849K | — | 200x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0032% | 1h | 1.5419 | +0.071% | $15.1M | $69.5M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0057% | 8h | 1.5426 | +0.115% | $76K | $910K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | +0.985% | $2K | $107K | 30x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5410 | +0.010% | $3.0M | $12.7M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Injective XRP/USDC PERP
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 | 1.5411 | +0.018% | $439K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5437 | +0.189% | $1.1M | $5.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5411 | +0.015% | $39.3M | $80.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5436 | +0.177% | $635K | $1.1M | 20x | as long as short |
| Binance XRPUSDTlong | +0.0100% | 8h | 1.5408 | long leg | $549.8M | $2.03B | 100x | |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5412 | +0.024% | $344.8M | $921.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5411 | +0.018% | $126.2M | $881.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5441 | +0.212% | $574K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5439 | +0.199% | $116K | $756K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5506 | +0.633% | $1.7M | $573K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5414 | +0.037% | $371.7M | $144.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5415 | +0.044% | $297.4M | $879.8M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5414 | +0.036% | $112.2M | $164.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5408 | −0.002% | $268.6M | $372.5M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5415 | +0.044% | — | $121.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5433 | +0.159% | $11.5M | $30.6M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5454 | +0.294% | $671K | $104.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5432 | +0.155% | $1.1M | $40.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5462 | +0.349% | $1.0M | $900K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5434 | +0.166% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5438 | +0.193% | $47K | $455K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5434 | +0.170% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5427 | +0.121% | $830K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5441 | +0.215% | $129K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5422 | +0.089% | $32K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5418 | +0.062% | $50.7M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5423 | +0.095% | $54.8M | $29.4M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5432 | +0.154% | $481K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5440 | +0.206% | $12K | $267K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5410 | +0.011% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5421 | +0.082% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5443 | +0.225% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5434 | +0.166% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5409 | +0.005% | $24.4M | $74.5M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5430 | +0.141% | $5.9M | $47.2M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0264% | 1h | 1.5434 | +0.166% | $18K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0278% | 1h | 1.5421 | +0.082% | $1.7M | $1.0M | 25x | |
| Kalshi KXXRPPERP | +0.0306% | 8h | 1.5441 | +0.212% | $2.0M | $34.2M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0586% | 1h | 1.5427 | +0.121% | $293.1M | $211.8M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5450 | +0.273% | $502K | $633K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0793% | 1h | 1.5470 | +0.403% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
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
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD