Funding you earn now, next payment 08:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.003%
Price spread now: Backpack against Reya+0.151%7-day average −0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.082%−$8 on $10k
+Price spread, last 7 days−0.709%−$71 · spread now +0.151%, 7d avg −0.033%
=Together, before fees−0.791%+ Points / potential airdropReya: Active · farm board−$79 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Backpack is 0.184% dearer against Reya than usual: you sell high and buy low (spread +0.151% now, against its 7-day average of −0.033%): +$18 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya XRPRUSDPERP | 1.5175 | 0.0220 | pay 0.0027% / 1h | 37m 16s | $1.3M | $4K | 15x |
| Short | Backpack XRP_USDC_PERP | 1.5198 | 0.0157 | get 0.0020% / 1h | 37m 16s | $2.0M | $1.4M | 25x |
Reya XRPRUSDPERP
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$13.26
- Price spread: +0.151% → −0.033%
- $18.36
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$10.9
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Backpack: live order book, 2 min ago. 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 Reya no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 2 min ago | 0.33 bp | 6.6 bp −$7 | 8.8 bp −$88 | doesn't fit | doesn't fit |
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 | 1.5190 | +0.098% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5182 | +0.042% | $1.1M | $148K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5192 | +0.112% | $246K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5172 | −0.020% | $7.8M | $24.1M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.537% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5168 | −0.048% | $14.5M | $73.8M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5167 | −0.053% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5172 | −0.020% | $603K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5172 | −0.020% | $17K | $380K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5176 | +0.008% | $1.0M | $6.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XRPUSDT | +0.0100% | 8h | 1.5175 | 0.000% | $38.4M | $86.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5190 | +0.097% | $612K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5166 | −0.058% | $531.3M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5170 | −0.033% | $349.4M | $954.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5174 | −0.007% | $127.9M | $868.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5224 | +0.322% | $567K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5187 | +0.079% | $144K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | +0.098% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5176 | +0.006% | $378.1M | $160.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5177 | +0.013% | $314.8M | $921.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5177 | +0.014% | $106.3M | $183.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5169 | −0.040% | $268.0M | $391.0M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5172 | −0.020% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5226 | +0.333% | $5.0M | $38.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5205 | +0.198% | $660K | $113.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5210 | +0.230% | $1.1M | $35.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5239 | +0.421% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5187 | +0.076% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5178 | +0.019% | $51K | $510K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5177 | +0.010% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5174 | −0.007% | $77K | $688K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5195 | +0.134% | $817K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5183 | +0.054% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5168 | −0.047% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5166 | −0.062% | $49.5M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5169 | −0.040% | $54.2M | $32.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5194 | +0.128% | $474K | $55K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0101% / S −0.0061% | 1h | 1.5174 | −0.008% | $783K | — | 200x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5164 | −0.070% | $2.1M | $6.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5175 | 0.000% | $8K | $2K | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0104% | 1h | 1.5194 | +0.122% | $17K | $78K | 7x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5169 | −0.039% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0138% | 1h | 1.5191 | +0.105% | $289.8M | $267.6M | 20x | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0157% | 1h | 1.5198 | +0.151% | $2.0M | $1.4M | 25x | |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5176 | +0.006% | $5.6M | $48.2M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0195% | 8h | 1.5187 | +0.079% | $1.8M | $34.5M | 2.9x | as long as short |
| Reya XRPRUSDPERPlong | +0.0220% | 1h | 1.5175 | long leg | $1.3M | $4K | 15x | |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5169 | −0.040% | $23.5M | $77.6M | 125x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5183 | +0.055% | $521K | $807K | 10x | as long as short |
| Phoenix XRP | +0.0526% | 1h | 1.5230 | +0.362% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0645% | 1h | 1.5216 | +0.271% | $2K | $16K | 10x | as long as short |
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
GMX XRP/USD [ETH-USDC]
Extended XRP-USD
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Aevo XRP-PERP
Hyperliquid XRP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
BloFin XRP-USDT
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD