XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.024%

Price spread now: Backpack against Derive+0.034%7-day average +0.041% · you sell dearer than you buy

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

Long on Derive Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)+0.119%+$12 · spread now +0.034%, 7d avg +0.041%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.5334	0.0100	pay 0.0013% / 1h	42m 07s	$825K	$81K	10x
Short	Backpack XRP_USDC_PERP	1.5339	0.0268	get 0.0034% / 1h	42m 07s	$1.9M	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Derive. 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 DerivebpFee BackpackbpOrdersPrice spread, now +0.034%Rate

Funding earned: $35.3
Price spread: +0.034% → +0.041%: −$0.72
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $18.58
Costs to cover: 0.160%
Break-even: 3.3 days

Slippage unknown: Derive: no order-book sample; Backpack: live order book, 2 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 Derive no order-book sample	—	—	—	—	—
Sell Backpack live order book, 2 min ago	0.33 bp	5.3 bp −$5	6.3 bp −$63	doesn't fit	doesn't fit

Derive: 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
Hotstuff XRP-PERP	−0.0080%	1h	1.5344	+0.066%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5333	−0.002%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5329	−0.030%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0011% / S +0.0084%	1h	1.5329	−0.035%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.475%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5332	−0.012%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5331	−0.018%	$9.3M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5331	−0.019%	$2.8M	$13.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5335	+0.008%	$513K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5343	+0.060%	$11K	$277K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5341	+0.047%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5332	−0.015%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5334	0.000%	$38.8M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5340	+0.040%	$621K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5330	−0.022%	$538.7M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5331	−0.018%	$341.3M	$926.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5331	−0.018%	$124.9M	$874.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5275	−0.384%	$569K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5348	+0.093%	$119K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5306	−0.184%	$1.6M	$562K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5328	−0.038%	$373.3M	$149.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5331	−0.018%	$306.0M	$899.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5328	−0.037%	$108.6M	$166.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5326	−0.051%	$268.1M	$376.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5331	−0.018%	—	$123.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5300	−0.220%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5290	−0.283%	$664K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5293	−0.263%	$1.1M	$39.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5294	−0.260%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5329	−0.034%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5342	+0.053%	$48K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5333	−0.005%	$41K	$69K	20x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5334	long leg	$825K	$81K	10x
SunX XRP-USDT	+0.0100%	8h	1.5338	+0.026%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5330	−0.025%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5333	−0.003%	$50.3M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5331	−0.018%	$54.5M	$29.7M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5328	−0.036%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5329	−0.031%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5353	+0.125%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5329	−0.029%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5331	−0.018%	$24.1M	$74.4M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5337	+0.021%	$5.8M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5327	−0.043%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERPshort	+0.0268%	1h	1.5339	+0.034%	$1.9M	$1.3M	25x
Hibachi XRP/USDT-P	+0.0312%	1h	1.5339	+0.036%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5343	+0.060%	$2.0M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0409%	1h	1.5345	+0.073%	$290.6M	$216.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5310	−0.155%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0772%	1h	1.5324	−0.062%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5354	+0.129%	$507K	$755K	10x	as long as short