XRP

Alert

Funding spread now, next payment 19:00 UTC+0.0358%/8h

next payment, per $10,000+$0.45paid, last 24h+0.040%paid, last 7 days+0.044%to open and close $10k−$20

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 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	1.5086	0.0171	pay 0.0021% / 1h	38m 14s	$1.7M	$891K	25x
Short	Hyperliquid XRP	1.5076	0.0529	get 0.0066% / 1h	38m 14s	$273.5M	$154.2M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee HyperliquidbpOrdersRate

Funding earned: $75.14
Slippage, 4 orders: −$1.32
Fee Backpack: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $54.82
Break-even: 1.9 days

Slippage from Backpack: live order book, 2 min ago; Hyperliquid: live order book, 7 min ago.

Price risk

price view

Price gap now: −0.069%
Avg gap 7d: +0.153%

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, 2 min ago	0.33 bp	5.3 bp −$5	6.7 bp −$67	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.33 bp	4.8 bp −$5	4.8 bp −$48	7.9 bp −$793	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	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	$1.1M	$96K	10x	as long as short
Phoenix XRP	0.0000%	1h	$67K	$86K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	$8.7M	$20.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0003%	1h	$220K	—	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	$184K	$776K	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	$521K	$2.3M	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	$17.1M	$47.1M	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	$11K	$255K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	$471K	$53K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	$1.2M	$4.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	$38.2M	$67.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	$665K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	$540.1M	$1.70B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	$336.0M	$753.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	$128.4M	$787.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	$562K	$50K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	$116K	$571K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	$1.6M	$278K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	$352.6M	$125.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	$297.2M	$730.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	$110.3M	$134.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	$259.1M	$312.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	—	$3.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	$6.0M	$19.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	$656K	$86.3M	30x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	$1.0M	$780K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	$50K	$414K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	$41K	$59K	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	$30K	$1.9M	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	$25.8M	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
Backpack XRP_USDC_PERPlong	+0.0171%	1h	$1.7M	$891K	25x
Kalshi KXXRPPERP	+0.0171%	8h	$1.7M	$32.3M	2.9x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0208%	1h	$1.3M	$12K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	$5.2M	$38.6M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	$23.7M	$58.5M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	$19K	$32K	7x	as long as short
RISEx XRP/USDC	+0.0465%	1h	$389K	$465K	10x	as long as short
Aftermath Perps XRPUSD	+0.0528%	1h	$1K	$9K	10x	as long as short
Hyperliquid XRPshort	+0.0529%	1h	$273.5M	$154.2M	20x