XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h +0.013%

Price spread now: Reya against Backpack−0.060%7-day average +0.060% · you buy dearer than you sell

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

Long on Backpack Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.083%+$8 on $10k

Price spread, last 7 days+0.829%+$83 · spread now −0.060%, 7d avg +0.060%

Together, before fees+0.912%+ Points / potential airdropReya: Active · farm board+$91 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 0.121% cheaper against Backpack than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.060%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.083%, 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	1.5322	0.0307	pay 0.0038% / 1h	4m 39s	$1.9M	$1.3M	25x
Short	Reya XRPRUSDPERP	1.5313	0.0213	get 0.0027% / 1h	4m 39s	$1.4M	$7K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.060%Rate

Funding earned: −$19.6
Price spread: −0.060% → +0.060%: −$12.05
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$47.65
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 4 min ago; Reya: 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, 4 min ago	0.33 bp	5.3 bp −$5	7.2 bp −$72	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	1.5323	+0.007%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5322	+0.002%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5312	−0.068%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0019% / S +0.0072%	1h	1.5311	−0.073%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.553%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5316	−0.039%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5315	−0.046%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5319	−0.020%	$9.3M	$24.9M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5324	+0.011%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5331	+0.059%	$514K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5318	−0.026%	$9K	$281K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5327	+0.035%	$478K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5316	−0.036%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5319	−0.020%	$38.7M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5322	0.000%	$630K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5319	−0.017%	$541.2M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5322	0.000%	$341.9M	$919.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5320	−0.013%	$124.4M	$866.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5351	+0.189%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5322	0.000%	$116K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.180%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5318	−0.026%	$374.2M	$152.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5322	0.000%	$304.5M	$916.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5324	+0.013%	$111.0M	$167.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5319	−0.020%	$268.8M	$375.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5320	−0.013%	—	$124.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5315	−0.048%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5348	+0.171%	$666K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5355	+0.215%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5390	+0.444%	$1.2M	$997K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5316	−0.039%	$47K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5315	−0.046%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5320	−0.010%	$825K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5318	−0.023%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5318	−0.026%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5315	−0.046%	$50.2M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5314	−0.052%	$54.4M	$29.6M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5316	−0.036%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5315	−0.044%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5315	−0.043%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERPshort	+0.0213%	1h	1.5313	−0.060%	$1.4M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5315	−0.046%	$24.1M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5322	0.000%	$5.7M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5316	−0.042%	$14.5M	$70.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5318	−0.024%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERPlong	+0.0307%	1h	1.5322	long leg	$1.9M	$1.3M	25x
Kalshi KXXRPPERP	+0.0323%	8h	1.5319	−0.020%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0371%	1h	1.5334	+0.078%	$289.4M	$215.0M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.052%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5325	+0.018%	$542K	$775K	10x	as long as short
Aftermath Perps XRPUSD	+0.0845%	1h	1.5342	+0.134%	$2K	$13K	10x	as long as short