XRP

Alert

Funding spread now, next payment 18:00 UTC−0.0212%/8h

next payment, per $10,000−$0.27paid, last 24h−0.052%paid, last 3 days−0.052%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.052% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 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	Hotstuff XRP-PERP	1.4898	−0.0080	get 0.0010% / 1h	53m 17s	$6K	$2K	20x
Short	GMX XRP/USD [ETH-USDC]	1.4903	L −0.0208% / S +0.0292%	pay 0.0037% / 1h	53m 17s	$1.6M	—	200x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee GMXbpOrdersRate

Funding earned: −$44.61
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee GMX: 6 bp × 2 orders: −$12
Net: −$61.61
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.034%
Avg gap 7d: —

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 Hotstuff no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Hotstuff and GMX: 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 50 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX XRP/USD [ETH-USDC]short	L −0.0208% / S +0.0292%	1h	$1.6M	—	200x
Hotstuff XRP-PERPlong	−0.0080%	1h	$6K	$2K	20x
dYdX XRP-USD	0.0000%	1h	$1.1M	$95K	10x	as long as short
Phoenix XRP	0.0000%	1h	$69K	$86K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	$8.3M	$19.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0003%	1h	$218K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	$2K	$63K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	$184K	$774K	50x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	$19K	$30K	7x	as long as short
Lighter XRP	+0.0096%	1h	$2.9M	$9.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	$448K	$2.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	$12K	$239K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	$466K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	$1.1M	$4.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	$37.9M	$65.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	$658K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	$524.1M	$1.65B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	$329.8M	$737.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	$123.6M	$753.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	$556K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	$116K	$575K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	$1.6M	$257K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	$348.0M	$122.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	$298.8M	$718.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	$113.6M	$133.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	$256.3M	$308.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	—	$97.4M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	$1.6M	$894K	25x	as long as short
Variational Omni XRP	+0.0100%	8h	$5.3M	$18.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	$646K	$86.2M	30x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	$996K	$713K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	$63K	$383K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	$41K	$57K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	$803K	$65K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	$125K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	$49.2M	$13.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	$54.0M	$26.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	$1.9M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	$72K	$39K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0164%	1h	$16.5M	$43.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0182%	8h	$1.8M	$32.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0207%	1h	$1.3M	$15K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	$23.2M	$57.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0240%	1h	$5.1M	$37.2M	50x	as long as short
Hyperliquid XRP	+0.0302%	1h	$263.1M	$149.9M	20x	as long as short
RISEx XRP/USDC	+0.0490%	1h	$376K	$440K	10x	as long as short
Aftermath Perps XRPUSD	+0.0551%	1h	$1K	$9K	10x	as long as short