Funding you earn now, next payment 12:00 UTC−0.0237%/8h= −25.9% APRnext payment −$0.30 per $10,000 · paid last 24h −0.131%
Price spread now: Backpack against Aftermath Perps−0.228%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 against this trade now: funding costs −$7 a day on $10k at the current rate, and Backpack is 0.228% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aftermath Perps XRPUSD | 1.5296 | 0.0385 | pay 0.0048% / 1h | 49m 40s | $3K | $13K | 10x |
| Short | Backpack XRP_USDC_PERP | 1.5261 | 0.0149 | get 0.0019% / 1h | 49m 40s | $2.0M | $1.2M | 25x |
Aftermath Perps XRPUSD
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aftermath Perps. 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
- −$49.71
- Price spread: −0.228% → 0.000%
- −$22.82
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$91.52
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Aftermath Perps: 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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 2 min ago | 0.33 bp | 5.3 bp −$5 | 6.4 bp −$64 | doesn't fit | doesn't fit |
Aftermath Perps: 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 exchanges
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 | 1.5360 | +0.419% | $5K | $2K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0077% | 1h | 1.5258 | −0.248% | $13.7M | $68.5M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5231 | −0.425% | $1.1M | $154K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5310 | +0.092% | $68K | $102K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5269 | −0.176% | $7.6M | $19.8M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5293 | −0.020% | $242K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.727% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5260 | −0.235% | $9K | $987 | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0080% | 1h | 1.5261 | −0.226% | $17K | $68K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5234 | −0.406% | $2.7M | $13.5M | 20x | 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
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Lighter XRPShow all 51 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5242 | −0.352% | $590K | $3.1M | 20x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0096% | 1h | 1.5258 | −0.248% | $5.4M | $41.5M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5246 | −0.329% | $475K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5249 | −0.307% | $10K | $411K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5292 | −0.029% | $849K | $6.0M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5240 | −0.365% | $296.0M | $260.8M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5238 | −0.381% | $38.7M | $79.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5241 | −0.357% | $588K | $978K | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5240 | −0.365% | $530.4M | $2.02B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5248 | −0.313% | $358.0M | $853.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5249 | −0.307% | $123.6M | $815.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5273 | −0.150% | $561K | $37K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5262 | −0.222% | $160K | $693K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5312 | +0.102% | $1.6M | $66K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5256 | −0.261% | $375.2M | $156.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5245 | −0.333% | $313.3M | $876.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5230 | −0.433% | $103.7M | $179.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5251 | −0.294% | $269.2M | $346.6M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5252 | −0.287% | — | $98.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5256 | −0.258% | $4.9M | $37.1M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5305 | +0.059% | $665K | $105.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5301 | +0.034% | $1.1M | $32.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5316 | +0.131% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5285 | −0.072% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5294 | −0.012% | $52K | $469K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5292 | −0.027% | $41K | $64K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5274 | −0.143% | $83K | $601K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5276 | −0.128% | $822K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5275 | −0.139% | $128K | $1.4M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5273 | −0.150% | $29K | $1.4M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5249 | −0.308% | $49.7M | $13.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5245 | −0.333% | $54.5M | $33.3M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5246 | −0.323% | $2.2M | $5.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5270 | −0.172% | $59K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0110% | 8h | 1.5278 | −0.117% | $1.9M | $35.6M | 2.9x | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0149% | 1h | 1.5261 | −0.228% | $2.0M | $1.2M | 25x | |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5256 | −0.261% | $23.7M | $77.1M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0224% | 1h | 1.5285 | −0.074% | $1.4M | $1K | 15x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0258% / S −0.0512% | 1h | 1.5292 | −0.022% | $880K | — | 200x | as long as short |
| RISEx XRP/USDC | +0.0300% | 1h | 1.5263 | −0.215% | $505K | $723K | 10x | as long as short |
| Aftermath Perps XRPUSDlong | +0.0385% | 1h | 1.5296 | long leg | $3K | $13K | 10x |
Lighter RH XRP
Coinbase International XRP-PERP-INTX
Paradex XRP-USD-PERP
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
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
BloFin XRP-USDT
Reya XRPRUSDPERP
GMX XRP/USD [ETH-USDC]
RISEx XRP/USDC