Funding you earn now, next payment 09:00 UTC−0.0167%/8h= −18.2% APRnext payment −$0.21 per $10,000 · paid last 24h −0.030%
Price spread now: Aevo against Backpack−0.054%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aevo is 0.054% cheaper against Backpack than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5244 | 0.0271 | pay 0.0034% / 1h | 47m 35s | $2.0M | $1.4M | 25x |
| Short | Aevo XRP-PERP | 1.5236 | 0.0104 | get 0.0013% / 1h | 47m 35s | $59K | $25K | 3x |
Backpack XRP_USDC_PERP
Aevo XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Backpack. 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
- −$34.99
- Price spread: −0.054% → 0.000%
- −$5.43
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$66.42
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 1 min ago; Aevo: 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, 1 min ago | 0.33 bp | 5.3 bp −$5 | 6.3 bp −$63 | doesn't fit | doesn't fit |
| Sell Aevo no order-book sample | — | — | — | — | — |
Aevo: 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 | 1.5238 | −0.038% | $14.8M | $76.0M | 50x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5241 | −0.020% | $5K | $3K | 20x | as long as short |
| Phemex XRPUSDT | −0.0061% | 8h | 1.5236 | −0.052% | $54.4M | $32.6M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5235 | −0.056% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5240 | −0.026% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5236 | −0.051% | $247K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5239 | −0.033% | $7.7M | $23.9M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.073% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0072% | 1h | 1.5224 | −0.130% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5234 | −0.066% | $2.8M | $14.5M | 20x | as long as short |
Kraken Futures PF_XRPUSD
Hotstuff XRP-PERP
Phemex XRPUSDT
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5236 | −0.052% | $608K | $3.1M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5229 | −0.098% | $20K | $382K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5227 | −0.108% | $997K | $6.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5233 | −0.070% | $38.6M | $85.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5234 | −0.065% | $613K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5232 | −0.078% | $531.0M | $2.20B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5230 | −0.092% | $352.5M | $946.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5230 | −0.092% | $127.1M | $859.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5228 | −0.105% | $566K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5239 | −0.033% | $144K | $713K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5227 | −0.108% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5231 | −0.085% | $379.6M | $151.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5233 | −0.072% | $314.5M | $912.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5234 | −0.067% | $106.8M | $183.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5230 | −0.092% | $270.1M | $384.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5233 | −0.072% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5226 | −0.118% | $4.8M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5214 | −0.195% | $661K | $112.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5218 | −0.171% | $1.1M | $33.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5223 | −0.138% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5237 | −0.044% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5238 | −0.039% | $52K | $513K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5238 | −0.039% | $41K | $68K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5239 | −0.033% | $78K | $667K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5225 | −0.124% | $819K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5233 | −0.070% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5234 | −0.066% | $29K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5227 | −0.110% | $49.7M | $15.2M | 75x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5238 | −0.042% | $475K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5227 | −0.114% | $2.1M | $6.8M | 50x | as long as short |
| Aevo XRP-PERPshort | +0.0104% | 1h | 1.5236 | −0.054% | $59K | $25K | 3x | |
| GMX XRP/USD [ETH-USDC] | L +0.0114% / S −0.0078% | 1h | 1.5236 | −0.055% | $790K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5236 | −0.052% | $9K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5242 | −0.013% | $5.6M | $48.1M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0171% | 8h | 1.5236 | −0.052% | $1.7M | $33.5M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0201% | 1h | 1.5245 | +0.007% | $291.2M | $267.7M | 20x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5222 | −0.144% | $23.7M | $78.0M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0221% | 1h | 1.5231 | −0.083% | $1.3M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0271% | 1h | 1.5244 | long leg | $2.0M | $1.4M | 25x | |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5239 | −0.033% | $523K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0527% | 1h | 1.5217 | −0.178% | $3K | $16K | 10x | as long as short |
Lighter RH XRP
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
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
Paradex XRP-USD-PERP
Extended XRP-USD
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Hyperliquid XRP
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD