XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0143%/8h= −15.6% APRnext payment −$0.18 per $10,000 · paid last 24h −0.031%

Price spread now: Vest against Backpack+0.032%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.032% dearer against Backpack than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XRP_USDC_PERP	1.5215	0.0243	pay 0.0030% / 1h	41m 40s	$2.0M	$1.4M	25x
Short	Vest XRP-PERP	1.5220	0.0100	get 0.0013% / 1h	41m 40s	—	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$29.96
Price spread: +0.032% → 0.000%: $3.23
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$38.73
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 2 min ago; Vest: 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, 2 min ago	0.33 bp	5.3 bp −$5	7.4 bp −$74	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5211	−0.030%	$14.7M	$75.5M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5222	+0.046%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5208	−0.045%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5230	+0.099%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5212	−0.016%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5215	0.000%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.267%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5207	−0.053%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5206	−0.061%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5208	−0.046%	$620K	$3.1M	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	1.5195	−0.131%	$20K	$380K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5207	−0.049%	$994K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5206	−0.060%	$38.5M	$84.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5204	−0.072%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5202	−0.085%	$530.3M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5199	−0.105%	$354.8M	$945.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5200	−0.099%	$126.9M	$855.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5204	−0.072%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5206	−0.059%	$143K	$709K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5227	+0.082%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5201	−0.092%	$374.8M	$152.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5202	−0.085%	$312.8M	$913.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5206	−0.061%	$106.6M	$183.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5200	−0.099%	$269.4M	$383.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5202	−0.085%	—	$108.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5218	+0.020%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5218	+0.017%	$661K	$113.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5223	+0.051%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5223	+0.053%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERPshort	+0.0100%	1h	1.5220	+0.032%	—	$15K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5221	+0.039%	$52K	$513K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5215	0.000%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5212	−0.020%	$78K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5210	−0.033%	$818K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5219	+0.028%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5208	−0.046%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5206	−0.060%	$49.7M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5210	−0.033%	$54.4M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5207	−0.055%	$474K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5197	−0.121%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5213	−0.016%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0116% / S −0.0080%	1h	1.5213	−0.015%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5200	−0.099%	$8K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5216	+0.007%	$5.6M	$47.7M	50x	as long as short
Kalshi KXXRPPERP	+0.0174%	8h	1.5214	−0.007%	$1.7M	$33.4M	2.9x	as long as short
Hyperliquid XRP	+0.0180%	1h	1.5218	+0.020%	$290.6M	$267.9M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5200	−0.099%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5215	−0.001%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERPlong	+0.0243%	1h	1.5215	long leg	$2.0M	$1.4M	25x
RISEx XRP/USDC	+0.0337%	1h	1.5202	−0.083%	$522K	$798K	10x	as long as short
Aftermath Perps XRPUSD	+0.0546%	1h	1.5221	+0.041%	$3K	$16K	10x	as long as short