Funding you earn now, next payment 06:00 UTC+0.0070%/8h= +7.6% APRpaid last 24h +0.028%
Price spread now: Backpack against BingX+0.047%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$230.226% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 7 days+0.190%+$19 · spread now +0.047%, 7d avg −0.053%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Backpack is 0.099% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XRP-USDT | 1.5053 | 0.0100 | pay 0.0100% / 8h | 2h 42m | — | $105.2M | — |
| Short | Backpack XRP_USDC_PERP | 1.5060 | 0.0170 | get 0.0021% / 1h | 42m 26s | $2.0M | $1.4M | 25x |
BingX XRP-USDT
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. 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
- $14.6
- Price spread: +0.047% → −0.053%
- $9.93
- Slippage, 4 orders
- −$2.65
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $1.88
- Costs to cover
- 0.226%
- Break-even
- 6.1 days
Slippage from BingX: live order book, 7 min ago; Backpack: live order book, 2 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 BingX live order book, 7 min ago | 0.99 bp | 6.0 bp −$6 | 6.1 bp −$61 | 8.0 bp −$803 | 15.1 bp −$7,552 |
| Sell Backpack live order book, 2 min ago | 0.33 bp | 5.3 bp −$5 | 6.2 bp −$62 | 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 | 1.5055 | +0.013% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5062 | +0.062% | $14.2M | $75.1M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5060 | +0.048% | $1.1M | $115K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5110 | +0.379% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5053 | 0.000% | $258K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0016% | 1h | 1.5061 | +0.053% | $7.6M | $25.7M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.368% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5056 | +0.020% | $8K | $8K | 10x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.5052 | −0.009% | $788K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5063 | +0.069% | $2.8M | $14.8M | 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
01 Exchange XRPUSD
GMX XRP/USD [ETH-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 | 1.5065 | +0.080% | $495K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5049 | −0.027% | $11K | $358K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5053 | +0.003% | $890K | $6.2M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5064 | +0.073% | $289.7M | $258.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5052 | −0.007% | $38.5M | $86.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5059 | +0.041% | $604K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5053 | 0.000% | $529.6M | $2.18B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5055 | +0.013% | $340.6M | $951.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5059 | +0.040% | $124.9M | $887.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5041 | −0.080% | $562K | $27K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5060 | +0.047% | $136K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5057 | +0.026% | $1.6M | $30K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5053 | 0.000% | $372.0M | $156.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5052 | −0.007% | $290.3M | $907.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5053 | −0.001% | $106.1M | $179.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5054 | +0.007% | $266.5M | $394.0M | 125x | as long as short |
| BingX XRP-USDTlong | +0.0100% | 8h | 1.5053 | long leg | — | $105.2M | — | |
| Variational Omni XRP | +0.0100% | 8h | 1.5084 | +0.205% | $4.8M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5099 | +0.309% | $656K | $111.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5078 | +0.165% | $1.1M | $37.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5091 | +0.252% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5056 | +0.022% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5054 | +0.007% | $49K | $491K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5051 | −0.015% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5054 | +0.007% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5055 | +0.014% | $810K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5058 | +0.031% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5058 | +0.033% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5059 | +0.041% | $49.2M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5056 | +0.020% | $53.6M | $31.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5058 | +0.031% | $469K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5051 | −0.013% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5053 | +0.003% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0132% | 8h | 1.5082 | +0.193% | $1.8M | $35.6M | 2.9x | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0170% | 1h | 1.5060 | +0.047% | $2.0M | $1.4M | 25x | |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5057 | +0.027% | $5.6M | $48.2M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5050 | −0.022% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5054 | +0.007% | $24.1M | $75.8M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0232% | 1h | 1.5055 | +0.014% | $17K | $82K | 7x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5060 | +0.048% | $514K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0616% | 1h | 1.5089 | +0.239% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
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
Variational Omni XRP
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
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
RISEx XRP/USDC
Aftermath Perps XRPUSD