Funding you earn now, next payment 02:00 UTC+0.0222%/8h= +24.3% APRnext payment +$0.28 per $10,000 · paid last 24h +0.010%
Price spread now: Backpack against 01 Exchange+0.066%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 +$7 a day on $10k at the current rate, and Backpack is 0.066% dearer against 01 Exchange than usual: you sell high and buy low: +$7 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 | 01 Exchange XRPUSD | 1.5154 | 0.0136 | pay 0.0017% / 1h | 30m 52s | $8K | $8K | 10x |
| Short | Backpack XRP_USDC_PERP | 1.5164 | 0.0358 | get 0.0045% / 1h | 30m 52s | $1.9M | $1.3M | 25x |
01 Exchange XRPUSD
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against 01 Exchange. 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
- $46.58
- Price spread: +0.066% → 0.000%
- $6.6
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $36.18
- Costs to cover
- 0.170%
- Break-even
- 1.6 days
Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 3 min ago | 0.33 bp | 5.3 bp −$5 | 6.7 bp −$67 | doesn't fit | doesn't fit |
01 Exchange: 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 50 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 | 1.5159 | +0.033% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5149 | −0.035% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5160 | +0.040% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5151 | −0.022% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0019% / S +0.0061% | 1h | 1.5151 | −0.021% | $802K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.679% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5150 | −0.025% | $14.6M | $72.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0071% | 8h | 1.5156 | +0.013% | $62K | $953K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5153 | −0.007% | $2.8M | $14.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5156 | +0.013% | $517K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5142 | −0.079% | $11K | $307K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5154 | +0.003% | $846K | $5.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5157 | +0.020% | $38.6M | $84.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5154 | 0.000% | $611K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5159 | +0.030% | $539.2M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5160 | +0.040% | $341.3M | $940.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5162 | +0.053% | $124.4M | $872.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5136 | −0.119% | $564K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5152 | −0.013% | $115K | $720K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5101 | −0.350% | $1.6M | $307K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5156 | +0.013% | $368.2M | $151.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5157 | +0.020% | $290.0M | $910.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5159 | +0.034% | $107.1M | $171.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5158 | +0.026% | $266.2M | $383.9M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5153 | −0.007% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5152 | −0.012% | $6.2M | $35.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5130 | −0.156% | $657K | $109.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5144 | −0.063% | $1.1M | $38.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5147 | −0.046% | $1.2M | $1.0M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5157 | +0.020% | $44K | $447K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5157 | +0.018% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5158 | +0.026% | $816K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5159 | +0.033% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5152 | −0.013% | $30K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5156 | +0.013% | $49.7M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5153 | −0.007% | $53.9M | $29.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5150 | −0.028% | $472K | $55K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5157 | +0.020% | — | $12K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5154 | −0.002% | $2.1M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5153 | −0.007% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSDlong | +0.0136% | 1h | 1.5154 | long leg | $8K | $8K | 10x | |
| Deribit XRP_USDC-PERPETUAL | +0.0212% | 1h | 1.5158 | +0.026% | $7.7M | $25.3M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5155 | +0.009% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5156 | +0.013% | $5.7M | $46.7M | 50x | as long as short |
| Hyperliquid XRP | +0.0216% | 1h | 1.5164 | +0.066% | $281.1M | $222.4M | 20x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5162 | +0.055% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0350% | 8h | 1.5161 | +0.046% | $2.1M | $36.0M | 2.9x | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0358% | 1h | 1.5164 | +0.066% | $1.9M | $1.3M | 25x | |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5157 | +0.023% | $537K | $783K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0774% | 1h | 1.5139 | −0.099% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
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-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
Deribit XRP_USDC-PERPETUAL
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Hyperliquid XRP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD