XRP

Alert

Funding spread now, next payment 16:00 UTC−0.0266%/8h

next payment, per $10,000−$0.33paid, last 24h−0.010%paid, last 7 days+0.051%to open and close $10k−$28

Long on Kraken Futures Short on Backpack

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 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	Kraken Futures PF_XRPUSD	1.4969	0.0366	pay 0.0046% / 1h	40m 15s	$17.6M	$42.3M	50x
Short	Backpack XRP_USDC_PERP	1.4962	0.0100	get 0.0013% / 1h	40m 15s	$1.7M	$929K	25x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BackpackbpOrdersRate

Funding earned: −$55.93
Slippage, 4 orders: −$8.46
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$84.39
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Backpack: live order book, just now.

Price risk

price view

Price gap now: −0.047%
Avg gap 7d: +0.038%

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 Kraken Futures live order book, 5 min ago	0.33 bp	10.1 bp −$10	12.7 bp −$127	19.4 bp −$1,939	39.7 bp −$19.8K
Sell Backpack live order book, just now	0.33 bp	5.3 bp −$5	6.1 bp −$61	doesn't fit	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 −0.0205% / S +0.0292%	1h	$1.6M	—	200x	as long as short
edgeX XRPUSDC	−0.0119%	4h	$680K	$83.5M	30x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	$1.1M	$107K	10x	as long as short
Phoenix XRP	0.0000%	1h	$26K	$28K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	$8.2M	$19.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0003%	1h	$209K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	$2K	$63K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0051%	8h	$188K	$767K	50x	as long as short
Lighter XRP	+0.0096%	1h	$2.9M	$7.5M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	$478K	$1.9M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	$13K	$221K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	$468K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	$1.1M	$4.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	$37.9M	$65.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	$635K	$982K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	$531.7M	$1.63B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	$335.1M	$740.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	$124.1M	$754.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	$559K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	$117K	$594K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	$1.7M	$213K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	$356.7M	$120.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	$290.5M	$711.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	$114.9M	$143.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	$256.9M	$303.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	—	$3.6M	—	as long as short
Backpack XRP_USDC_PERPshort	+0.0100%	1h	$1.7M	$929K	25x
Variational Omni XRP	+0.0100%	8h	$5.8M	$16.4M	—	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	$1.2M	$723K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	$62K	$377K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	$41K	$55K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	$806K	$68K	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	$29K	$2.1M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	$49.4M	$13.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	$53.8M	$24.9M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	$1.9M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	$72K	$39K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0190%	8h	$1.9M	$34.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0205%	1h	$1.3M	$15K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	$23.5M	$55.4M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	$5.5M	$36.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	$20K	$30K	7x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0366%	1h	$17.6M	$42.3M	50x
RISEx XRP/USDC	+0.0579%	1h	$397K	$412K	10x	as long as short
Hyperliquid XRP	+0.0862%	1h	$267.7M	$149.9M	20x	as long as short
Aftermath Perps XRPUSD	+0.0871%	1h	$1K	$8K	10x	as long as short