Funding you earn now, next payment 20:00 UTC+0.0077%/8hpaid last 24h +0.011%
Price spread now: Backpack against Variational Omni−0.149%7-day average −0.117% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.017%+$2 on $10k
+Price spread, last 7 days−0.820%−$82 · spread now −0.149%, 7d avg −0.117%
=Together, before fees−0.802%+ Points / potential airdropVariational Omni: Active · farm board−$80 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.032% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.149% now, against its 7-day average of −0.117%). If the spread goes back, that is −$3 on $10k: about 33 hours of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.017% in total) that is about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XRP | 1.5062 | 0.0100 | pay 0.0100% / 8h | 4h 06m | $6.7M | $21.7M | — |
| Short | Backpack XRP_USDC_PERP | 1.5040 | 0.0177 | get 0.0022% / 1h | 6m 40s | $1.7M | $916K | 25x |
Variational Omni XRP
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Variational Omni. 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
- $16.14
- Price spread: −0.149% → −0.117%
- −$3.17
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $2.97
- Costs to cover
- 0.100%
- Break-even
- 5.7 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; 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 Variational Omni RFQ quote, 2 min ago | 2.03 bp | doesn't fit | 2.2 bp −$22 | 17.2 bp −$1,718 | doesn't fit |
| Sell Backpack live order book, 2 min ago | 0.33 bp | 5.3 bp −$5 | 6.5 bp −$65 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX XRP/USD [ETH-USDC] | L −0.0208% / S +0.0294% | 1h | 1.5034 | −0.190% | $1.6M | — | 200x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5031 | −0.209% | $6K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5014 | −0.320% | $1.1M | $101K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5035 | −0.182% | $8.7M | $22.4M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5034 | −0.188% | $242K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.4990 | −0.481% | $2K | $62K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0050% | 8h | 1.5023 | −0.262% | $178K | $779K | 50x | as long as short |
| Vest XRP-PERP | +0.0092% | 1h | 1.5033 | −0.193% | — | $9K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5017 | −0.300% | $2.9M | $10.7M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5024 | −0.255% | $571K | $2.4M | 20x | as long as short |
GMX XRP/USD [ETH-USDC]
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
Vest XRP-PERP
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5025 | −0.248% | $12K | $249K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5029 | −0.219% | $1.0M | $5.1M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5030 | −0.215% | $38.3M | $68.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5015 | −0.315% | $663K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5007 | −0.366% | $528.3M | $1.75B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5011 | −0.341% | $338.8M | $784.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5007 | −0.368% | $124.9M | $787.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5063 | +0.004% | $559K | $45K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5018 | −0.295% | $111K | $613K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5015 | −0.315% | $1.6M | $139K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5005 | −0.381% | $349.1M | $127.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5007 | −0.368% | $309.6M | $769.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5011 | −0.343% | $110.8M | $137.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5010 | −0.348% | $259.0M | $320.6M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5014 | −0.321% | — | $3.6M | — | as long as short |
| Variational Omni XRPlong | +0.0100% | 8h | 1.5062 | long leg | $6.7M | $21.7M | — | |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5058 | −0.029% | $654K | $89.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5071 | +0.054% | $1.1M | $40.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5064 | +0.010% | $997K | $793K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5037 | −0.169% | $60K | $432K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5030 | −0.215% | $41K | $61K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5029 | −0.224% | $810K | $67K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5027 | −0.233% | $126K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5029 | −0.222% | $34K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5020 | −0.280% | $49.5M | $13.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5032 | −0.202% | $54.0M | $26.9M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5012 | −0.334% | $468K | $54K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5006 | −0.373% | $2.1M | $7.2M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5040 | −0.149% | $8K | $8K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5028 | −0.226% | $72K | $39K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0160% | 8h | 1.5029 | −0.222% | $1.8M | $31.8M | 2.9x | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0177% | 1h | 1.5040 | −0.149% | $1.7M | $916K | 25x | |
| Coinbase International XRP-PERP-INTX | +0.0208% | 1h | 1.5037 | −0.169% | $5.1M | $39.9M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0209% | 1h | 1.5032 | −0.199% | $1.3M | $11K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5032 | −0.202% | $23.4M | $59.9M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0256% | 1h | 1.5050 | −0.085% | $19K | $37K | 7x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0264% | 1h | 1.5031 | −0.211% | $15.2M | $55.9M | 50x | as long as short |
| Hyperliquid XRP | +0.0354% | 1h | 1.5034 | −0.189% | $273.6M | $159.5M | 20x | as long as short |
| RISEx XRP/USDC | +0.0441% | 1h | 1.5026 | −0.242% | $407K | $489K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0458% | 1h | 1.5041 | −0.143% | $1K | $10K | 10x | as long as short |
| Phoenix XRP | +0.0530% | 1h | 1.5050 | −0.082% | $67K | $89K | 15x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
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
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
Kalshi KXXRPPERP
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
Kraken Futures PF_XRPUSD
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD
Phoenix XRP