XRP

Alert

Funding spread now, next payment 19:00 UTC−0.0184%/8h

next payment, per $10,000−$0.23paid, last 24h−0.039%paid, last 7 days+0.026%to open and close $10k−$19

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XRP_USDC_PERP	1.5042	0.0184	pay 0.0023% / 1h	27m 20s	$1.7M	$897K	25x
Short	Deribit XRP_USDC-PERPETUAL	1.5036	0	get 0.0000% / 1h	27m 20s	$8.7M	$21.2M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee DeribitbpOrdersRate

Funding earned: −$38.55
Slippage, 4 orders: −$2.48
Fee Backpack: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$58.02
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; Deribit: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.040%
Avg gap 7d: −0.017%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 3 min ago	0.33 bp	5.3 bp −$5	6.1 bp −$61	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	0.67 bp	4.2 bp −$4	5.8 bp −$58	42.3 bp −$4,235	doesn't fit

XRP on 50 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX XRP/USD [ETH-USDC]	L −0.0206% / S +0.0292%	1h	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	$67K	$86K	15x	as long as short
Deribit XRP_USDC-PERPETUALshort	0.0000%	1h	$8.7M	$21.2M	50x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	$2K	$63K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	$179K	$780K	50x	as long as short
Lighter XRP	+0.0096%	1h	$2.9M	$9.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	$548K	$2.4M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_XRPUSD	+0.0100%	1h	$16.1M	$49.8M	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	$12K	$261K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	$1.1M	$5.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	$38.0M	$67.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	$538.6M	$1.71B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	$341.6M	$764.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	$126.2M	$792.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	$561K	$50K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	$122K	$586K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	$1.6M	$316K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	$351.5M	$125.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	$307.0M	$742.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	$110.0M	$135.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	$259.0M	$314.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	—	$103.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	$6.2M	$19.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	$653K	$87.2M	30x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	$998K	$784K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	$49K	$416K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	$41K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	$810K	$65K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	$126K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	$31K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	$49.6M	$13.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	$54.7M	$25.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	$469K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	$72K	$39K	3x	as long as short
Kalshi KXXRPPERP	+0.0172%	8h	$1.7M	$32.2M	2.9x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERPlong	+0.0184%	1h	$1.7M	$897K	25x
Reya XRPRUSDPERP	+0.0208%	1h	$1.3M	$12K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	$5.2M	$39.0M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	$24.0M	$58.5M	125x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	$19K	$36K	7x	as long as short
RISEx XRP/USDC	+0.0465%	1h	$388K	$465K	10x	as long as short
Aftermath Perps XRPUSD	+0.0520%	1h	$1K	$9K	10x	as long as short
Hyperliquid XRP	+0.0526%	1h	$273.3M	$155.2M	20x	as long as short