XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.065%

Price spread now: Backpack against Hotstuff+0.170%7-day average — · you sell dearer than you buy

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

Long on Hotstuff 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—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Backpack is 0.170% dearer against Hotstuff than usual: you sell high and buy low: +$17 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	Hotstuff XRP-PERP	1.5308	−0.0080	get 0.0010% / 1h	55m 33s	$7K	$2K	20x
Short	Backpack XRP_USDC_PERP	1.5334	0.0100	get 0.0013% / 1h	55m 33s	$1.7M	$914K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Hotstuff. 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 HotstuffbpFee BackpackbpOrdersPrice spread, now +0.170%Rate

Funding earned: $37.8
Price spread: +0.170% → 0.000%: $16.98
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: $39.78
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Backpack: live order book, 3 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Backpack live order book, 3 min ago	0.33 bp	5.3 bp −$5	6.4 bp −$64	doesn't fit	doesn't fit

Hotstuff: 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	1.5283	−0.160%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERPlong	−0.0080%	1h	1.5308	long leg	$7K	$2K	20x
dYdX XRP-USD	0.0000%	1h	1.5313	+0.035%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5340	+0.209%	$68K	$83K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5284	−0.155%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5327	+0.124%	$9.3M	$23.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.118%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5295	−0.085%	$180K	$783K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5314	+0.041%	$2.9M	$11.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5315	+0.046%	$445K	$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	1.5315	+0.043%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5315	+0.046%	$39.0M	$71.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5316	+0.052%	$675K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5315	+0.047%	$549.3M	$1.83B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5320	+0.078%	$345.9M	$827.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5318	+0.065%	$123.6M	$826.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5303	−0.033%	$569K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5320	+0.078%	$116K	$635K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5314	+0.041%	$1.6M	$344K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5313	+0.033%	$356.2M	$127.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5314	+0.039%	$301.9M	$782.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5311	+0.020%	$112.9M	$145.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5316	+0.052%	$266.8M	$335.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5310	+0.013%	—	$3.7M	—	as long as short
Backpack XRP_USDC_PERPshort	+0.0100%	1h	1.5334	+0.170%	$1.7M	$914K	25x
Variational Omni XRP	+0.0100%	8h	1.5304	−0.023%	$6.4M	$24.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5291	−0.112%	$664K	$94.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5312	+0.028%	$1.1M	$42.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5293	−0.098%	$1.0M	$823K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5280	−0.182%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5279	−0.189%	$51K	$456K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5283	−0.165%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5304	−0.028%	$824K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5311	+0.021%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5322	+0.091%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5319	+0.069%	$50.4M	$14.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5326	+0.118%	$54.8M	$27.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5314	+0.042%	$477K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5320	+0.078%	$11K	$236K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5313	+0.031%	$2.1M	$7.4M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5315	+0.049%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5323	+0.098%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5321	+0.084%	$15.3M	$62.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5337	+0.189%	$5.3M	$42.6M	50x	as long as short
Kalshi KXXRPPERP	+0.0205%	8h	1.5308	0.000%	$1.7M	$32.0M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5274	−0.219%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5299	−0.059%	$24.1M	$66.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5298	−0.066%	$19K	$54K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5324	+0.106%	$405K	$503K	10x	as long as short
Hyperliquid XRP	+0.0458%	1h	1.5333	+0.163%	$287.0M	$174.0M	20x	as long as short
Aftermath Perps XRPUSD	+0.0545%	1h	1.5314	+0.041%	$1K	$10K	10x	as long as short