Funding you earn now, next payment 23:00 UTC−0.0071%/8h= −7.7% APRpaid last 24h +0.022%
Price spread now: BloFin against Backpack−0.026%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 3 days (all we have)−0.145%−$14 · spread now −0.026%, 7d avg −0.032%
=The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5518 | 0.0291 | pay 0.0036% / 1h | 8m 14s | $1.7M | $1.0M | 25x |
| Short | BloFin XRP-USDT | 1.5514 | 0.0220 | get 0.0220% / 8h | 1h 08m | $24.6M | $73.6M | 125x |
Backpack XRP_USDC_PERP
BloFin XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Backpack. 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
- −$14.86
- Price spread: −0.026% → −0.032%
- $0.6
- Slippage, 4 orders
- −$1.29
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$37.55
- Costs to cover
- 0.233%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 1 min ago; BloFin: live order book, 6 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 Backpack live order book, 1 min ago | 0.32 bp | 5.3 bp −$5 | 6.9 bp −$69 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.32 bp | 6.3 bp −$6 | 6.5 bp −$65 | 9.7 bp −$969 | 17.0 bp −$8,518 |
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 | 1.5507 | −0.071% | $7K | $2K | 20x | as long as short |
| GMX XRP/USD [ETH-USDC] | L −0.0001% / S +0.0114% | 1h | 1.5466 | −0.335% | $848K | — | 200x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5497 | −0.136% | $1.1M | $113K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5467 | −0.329% | $9.5M | $25.1M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5466 | −0.335% | $259K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +0.271% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0042% | 1h | 1.5463 | −0.357% | $15.4M | $68.4M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0054% | 8h | 1.5465 | −0.342% | $78K | $910K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5454 | −0.413% | $3.0M | $12.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5510 | −0.052% | $440K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
GMX XRP/USD [ETH-USDC]
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5481 | −0.235% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5475 | −0.274% | $39.2M | $79.0M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5502 | −0.101% | $638K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5466 | −0.335% | $556.7M | $1.99B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5466 | −0.335% | $343.8M | $901.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5463 | −0.354% | $127.2M | $878.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5467 | −0.329% | $578K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5494 | −0.155% | $119K | $745K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5501 | −0.107% | $1.7M | $578K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5469 | −0.316% | $371.4M | $141.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5475 | −0.277% | $297.9M | $867.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5474 | −0.285% | $113.1M | $160.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5464 | −0.348% | $269.8M | $365.6M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5466 | −0.335% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5501 | −0.107% | $11.8M | $30.2M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5508 | −0.064% | $673K | $101.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5528 | +0.064% | $1.1M | $41.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5520 | +0.013% | $1.0M | $884K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5483 | −0.227% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5479 | −0.251% | $46K | $447K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5469 | −0.316% | $42K | $66K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5466 | −0.332% | $832K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5480 | −0.242% | $130K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5463 | −0.354% | $32K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5466 | −0.336% | $50.8M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5453 | −0.419% | $55.0M | $29.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5495 | −0.147% | $483K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5482 | −0.232% | $11K | $261K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5458 | −0.385% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5465 | −0.341% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0176% | 1h | 1.5485 | −0.213% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5472 | −0.299% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5470 | −0.309% | $5.9M | $47.2M | 50x | as long as short |
| BloFin XRP-USDTshort | +0.0220% | 8h | 1.5514 | −0.026% | $24.6M | $73.6M | 125x | |
| Hibachi XRP/USDT-P | +0.0248% | 1h | 1.5505 | −0.087% | $18K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0291% | 1h | 1.5518 | long leg | $1.7M | $1.0M | 25x | |
| Kalshi KXXRPPERP | +0.0321% | 8h | 1.5506 | −0.077% | $1.9M | $33.2M | 2.9x | as long as short |
| Phoenix XRP | +0.0516% | 1h | 1.5500 | −0.116% | $69K | $90K | 15x | as long as short |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5490 | −0.178% | $507K | $631K | 10x | as long as short |
| Hyperliquid XRP | +0.0582% | 1h | 1.5491 | −0.174% | $289.5M | $204.4M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0774% | 1h | 1.5520 | +0.011% | $1K | $11K | 10x | as long as short |
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
Vest XRP-PERP
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
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Phoenix XRP
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD