XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.013%

Price spread now: Backpack against Bullet+0.096%7-day average — · you sell dearer than you buy

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

Long on Bullet Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.096% dearer against Bullet than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet XRP-USD	1.5255	0.0100	pay 0.0013% / 1h	35m 16s	$42K	$59K	20x
Short	Backpack XRP_USDC_PERP	1.5270	0.0124	get 0.0015% / 1h	35m 16s	$1.7M	$923K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bullet. 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 BulletbpFee BackpackbpOrdersPrice spread, now +0.096%Rate

Funding earned: $4.94
Price spread: +0.096% → 0.000%: $9.57
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$3.49
Costs to cover: 0.180%
Break-even: 11.9 days

Slippage unknown: Bullet: no order-book sample; Backpack: live order book, 4 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 Bullet no order-book sample	—	—	—	—	—
Sell Backpack live order book, 4 min ago	0.33 bp	5.3 bp −$5	7.3 bp −$73	doesn't fit	doesn't fit

Bullet: 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	1.5255	−0.002%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5255	−0.003%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5261	+0.037%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5250	−0.035%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5257	+0.011%	$9.2M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5255	0.000%	$255K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.227%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5251	−0.029%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5255	−0.003%	$3.0M	$11.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5258	+0.017%	$443K	$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	1.5260	+0.030%	$1.0M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5258	+0.018%	$38.8M	$71.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5261	+0.034%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5254	−0.009%	$545.5M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5255	−0.003%	$341.9M	$834.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5255	−0.003%	$123.1M	$827.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5253	−0.016%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5266	+0.070%	$114K	$646K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5260	+0.033%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5260	+0.030%	$355.9M	$129.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5257	+0.011%	$289.7M	$800.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5252	−0.019%	$112.6M	$147.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5260	+0.030%	$265.6M	$338.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5257	+0.011%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5254	−0.009%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5214	−0.269%	$662K	$95.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5240	−0.100%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.056%	$1.0M	$848K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5256	+0.005%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5262	+0.043%	$50K	$474K	20x	as long as short
Bullet XRP-USDlong	+0.0100%	1h	1.5255	long leg	$42K	$59K	20x
Derive XRP-PERP	+0.0100%	1h	1.5253	−0.013%	$821K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5264	+0.056%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5253	−0.016%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5240	−0.098%	$50.1M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5253	−0.016%	$54.5M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5263	+0.051%	$476K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5264	+0.056%	$12K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5251	−0.030%	$2.1M	$7.3M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5253	−0.018%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERPshort	+0.0124%	1h	1.5270	+0.096%	$1.7M	$923K	25x
01 Exchange XRPUSD	+0.0144%	1h	1.5267	+0.076%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5251	−0.028%	$15.3M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5263	+0.050%	$5.4M	$43.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5258	+0.018%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5251	−0.029%	$23.8M	$66.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0222%	8h	1.5266	+0.070%	$1.7M	$31.7M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5250	−0.035%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5271	+0.105%	$404K	$496K	10x	as long as short
Hyperliquid XRP	+0.0450%	1h	1.5279	+0.155%	$280.5M	$179.9M	20x	as long as short
Aftermath Perps XRPUSD	+0.0521%	1h	1.5250	−0.035%	$1K	$10K	10x	as long as short