XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0181%/8h= +19.8% APRnext payment +$0.23 per $10,000 · paid last 24h +0.059%

Price spread now: Backpack against gTrade (Gains Network)+0.026%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$283as in the Price arb table

costs, in and out, $10k−$2812.807% of the position

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.134%+$13 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.026%, 7d avg +0.048%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.022% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread +0.026% now, against its 7-day average of +0.048%). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XRP/USD	1.5248	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	41m 56s	$247K	—	150x
Short	Backpack XRP_USDC_PERP	1.5252	0.0184	get 0.0023% / 1h	41m 56s	$2.0M	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.026%Rate

Funding earned: $37.96
Price spread: +0.026% → +0.048%: −$2.24
Slippage, 4 orders: −$260.7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$244.97
Costs to cover: 2.807%
Break-even: 52.2 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 62 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 gTrade (Gains Network) virtual book (oracle venue), 62 min ago	130.02 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell Backpack live order book, 2 min ago	0.33 bp	5.3 bp −$5	6.6 bp −$66	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	1.5241	−0.047%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5242	−0.038%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5248	long leg	$247K	—	150x
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5252	+0.026%	$7.9M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.046%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5244	−0.029%	$14.6M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5247	−0.005%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5246	−0.014%	$602K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5239	−0.060%	$10K	$372K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0100% / S −0.0058%	1h	1.5250	+0.009%	$787K	—	200x	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	1.5242	−0.037%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5242	−0.039%	$38.7M	$87.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5249	+0.006%	$615K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5237	−0.073%	$533.7M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5235	−0.086%	$350.8M	$957.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5237	−0.073%	$128.5M	$877.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5226	−0.145%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5253	+0.032%	$145K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5191	−0.377%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5243	−0.033%	$380.0M	$160.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5232	−0.106%	$315.0M	$920.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5239	−0.060%	$107.4M	$184.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5234	−0.092%	$269.5M	$392.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5242	−0.040%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5239	−0.063%	$4.9M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5231	−0.115%	$662K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5252	+0.023%	$1.1M	$35.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5249	+0.006%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5251	+0.016%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5255	+0.045%	$50K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5249	+0.007%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5247	−0.007%	$78K	$688K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5238	−0.066%	$820K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5258	+0.068%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5243	−0.033%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5256	+0.049%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5248	−0.001%	$54.5M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5250	+0.013%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5227	−0.135%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5247	−0.007%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5248	−0.001%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5234	−0.094%	$17K	$78K	7x	as long as short
Hyperliquid XRP	+0.0160%	1h	1.5250	+0.012%	$290.9M	$268.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5251	+0.019%	$5.7M	$48.5M	50x	as long as short
Backpack XRP_USDC_PERPshort	+0.0184%	1h	1.5252	+0.026%	$2.0M	$1.4M	25x
Kalshi KXXRPPERP	+0.0204%	8h	1.5237	−0.073%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5249	+0.006%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5227	−0.138%	$23.7M	$78.0M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5256	+0.055%	$529K	$804K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5260	+0.078%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0645%	1h	1.5235	−0.085%	$2K	$16K	10x	as long as short