Funding you earn now, next payment 04:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.025%
Price spread now: Backpack against Paradex−0.008%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Funding, last 4 days (all we have)+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.008%, 7d avg +0.029%
=Together, before fees+0.080%+ Points / potential airdropParadex: Active · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.036% cheaper against Paradex than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.029%). If the spread goes back, that is −$4 on $10k: about 2.7 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex XRP-USD-PERP | 1.5113 | 0.0100 | pay 0.0100% / 8h | 4h 49m | $471K | $55K | 50x |
| Short | Backpack XRP_USDC_PERP | 1.5112 | 0.0144 | get 0.0018% / 1h | 49m 12s | $1.9M | $1.3M | 25x |
Paradex XRP-USD-PERP
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Paradex. 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
- $9.18
- Price spread: −0.008% → +0.029%
- −$3.6
- Slippage, 4 orders
- −$9.88
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$18.31
- Costs to cover
- 0.239%
- Break-even
- 21.0 days
Slippage from Paradex: live order book, 10 min ago; Backpack: live order book, 5 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 Paradex live order book, 10 min ago | 4.61 bp | 6.6 bp −$7 | 137.9 bp −$1,379 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.33 bp | 5.3 bp −$5 | 6.7 bp −$67 | 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 | 1.5154 | +0.270% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5106 | −0.048% | $14.2M | $73.7M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5111 | −0.016% | $1.1M | $114K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5170 | +0.376% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5107 | −0.041% | $7.7M | $25.6M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5102 | −0.074% | $252K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.957% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0037% / S +0.0033% | 1h | 1.5102 | −0.074% | $786K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0048% | 1h | 1.5105 | −0.054% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0079% | 8h | 1.5105 | −0.054% | $62K | $935K | 50x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Orderly PERP_XRP_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XRP | +0.0096% | 1h | 1.5107 | −0.043% | $2.8M | $14.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5107 | −0.041% | $508K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5101 | −0.080% | $10K | $318K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5111 | −0.011% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5113 | −0.001% | $280.6M | $224.7M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5104 | −0.060% | $38.2M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5114 | +0.009% | $606K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5106 | −0.050% | $532.1M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5103 | −0.067% | $343.9M | $930.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5107 | −0.041% | $125.5M | $870.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5095 | −0.120% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5108 | −0.034% | $113K | $717K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5164 | +0.338% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5103 | −0.067% | $367.6M | $152.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5103 | −0.067% | $295.8M | $894.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5105 | −0.053% | $107.8M | $173.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5100 | −0.087% | $266.9M | $383.1M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5103 | −0.067% | — | $126.6M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5129 | +0.104% | $5.4M | $37.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5155 | +0.280% | $658K | $108.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5162 | +0.323% | $1.1M | $35.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5136 | +0.151% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5112 | −0.009% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5106 | −0.047% | $42K | $452K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5105 | −0.051% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5105 | −0.054% | $813K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5111 | −0.017% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5107 | −0.041% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5101 | −0.081% | $49.4M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5107 | −0.041% | $53.9M | $30.5M | 50x | as long as short |
| Paradex XRP-USD-PERPlong | +0.0100% | 8h | 1.5113 | long leg | $471K | $55K | 50x | |
| Extended XRP-USD | +0.0104% | 1h | 1.5098 | −0.097% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5103 | −0.067% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0144% | 1h | 1.5112 | −0.008% | $1.9M | $1.3M | 25x | |
| Hibachi XRP/USDT-P | +0.0152% | 1h | 1.5124 | +0.073% | $17K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5108 | −0.034% | $5.6M | $46.9M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5100 | −0.086% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5114 | +0.006% | $24.2M | $75.7M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0324% | 8h | 1.5113 | −0.001% | $2.0M | $34.5M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5110 | −0.022% | $514K | $779K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0693% | 1h | 1.5144 | +0.207% | $2K | $14K | 10x | as long as short |
Lighter XRP
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
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD