XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.09 per $10,000 · paid last 24h −0.025%

Price spread now: Derive against Backpack+0.052%7-day average −0.042% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.298%−$30 · spread now +0.052%, 7d avg −0.042%

Together, before fees−0.327%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Derive is 0.093% dearer against Backpack than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.042%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.2 days. At the pace of the last 7 days (−0.028% in total) that is about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XRP_USDC_PERP	1.5181	0.0174	pay 0.0022% / 1h	24m 26s	$2.0M	$1.3M	25x
Short	Derive XRP-PERP	1.5189	0.0100	get 0.0013% / 1h	24m 26s	$817K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee DerivebpOrdersPrice spread, now +0.052%Rate

Funding earned: −$15.58
Price spread: +0.052% → −0.042%: $9.34
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$22.24
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 5 min ago; Derive: no order-book sample. 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 Backpack live order book, 5 min ago	0.33 bp	5.3 bp −$5	7.6 bp −$76	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 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	1.5187	+0.040%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5185	+0.029%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5176	−0.036%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5180	−0.007%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5176	−0.032%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5190	+0.059%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.497%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0043% / S +0.0026%	1h	1.5174	−0.044%	$792K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0085%	8h	1.5177	−0.026%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5178	−0.021%	$2.8M	$14.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5181	0.000%	$498K	$3.3M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5186	+0.033%	$8K	$8K	10x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5172	−0.059%	$10K	$326K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5171	−0.063%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5192	+0.072%	$281.8M	$226.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5171	−0.066%	$38.4M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5176	−0.033%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5178	−0.020%	$535.1M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5179	−0.013%	$347.1M	$934.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5179	−0.013%	$126.2M	$875.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.046%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5183	+0.013%	$110K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5174	−0.046%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5179	−0.013%	$370.1M	$154.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5178	−0.020%	$291.3M	$900.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5184	+0.016%	$108.3M	$174.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5182	+0.007%	$268.7M	$384.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5180	−0.007%	—	$127.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5179	−0.015%	$5.2M	$37.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5159	−0.142%	$658K	$108.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5178	−0.023%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5164	−0.112%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5181	−0.002%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5183	+0.013%	$44K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5177	−0.028%	$41K	$68K	20x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5189	+0.052%	$817K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5194	+0.088%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5189	+0.053%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5191	+0.067%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5180	−0.007%	$54.2M	$30.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5178	−0.017%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5172	−0.062%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5174	−0.047%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERPlong	+0.0174%	1h	1.5181	long leg	$2.0M	$1.3M	25x
Hibachi XRP/USDT-P	+0.0184%	1h	1.5183	+0.013%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5194	+0.086%	$5.6M	$47.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5179	−0.012%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5177	−0.026%	$24.1M	$76.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5194	+0.086%	$2.1M	$34.5M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5185	+0.026%	$517K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0650%	1h	1.5183	+0.015%	$2K	$15K	10x	as long as short