Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.030%
Price spread now: Bullet against Backpack−0.048%78s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+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 −$2 a day on $10k at the current rate, and Bullet is 0.048% 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. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5147 | 0.0154 | pay 0.0019% / 1h | 20m 46s | $2.0M | $1.4M | 25x |
| Short | Bullet XRP-USD | 1.5140 | 0.0100 | get 0.0013% / 1h | 20m 46s | $41K | $69K | 20x |
Backpack XRP_USDC_PERP
Bullet XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- −$11.39
- Price spread: −0.048% → 0.000%
- −$4.75
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$34.15
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 3 min ago; Bullet: 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, 3 min ago | 0.33 bp | 5.3 bp −$5 | 6.9 bp −$69 | doesn't fit | doesn't fit |
| Sell Bullet no order-book sample | — | — | — | — | — |
Bullet: 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 | 1.5133 | −0.092% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5143 | −0.028% | $1.1M | $148K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5135 | −0.078% | $245K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5140 | −0.046% | $7.8M | $24.1M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.727% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5137 | −0.069% | $14.5M | $73.8M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0088% | 1h | 1.5139 | −0.054% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5144 | −0.017% | $2.8M | $15.2M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5147 | 0.000% | $603K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5137 | −0.066% | $20K | $383K | 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
Hibachi XRP/USDT-P
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5143 | −0.030% | $997K | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5144 | −0.020% | $38.5M | $86.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5146 | −0.008% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5144 | −0.017% | $528.4M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5144 | −0.020% | $348.9M | $953.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5145 | −0.013% | $127.0M | $865.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5139 | −0.053% | $563K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5149 | +0.013% | $143K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5164 | +0.112% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5139 | −0.053% | $375.1M | $162.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5146 | −0.007% | $306.7M | $926.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5138 | −0.058% | $106.4M | $183.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5139 | −0.053% | $268.3M | $389.2M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5137 | −0.066% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5131 | −0.107% | $4.8M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5115 | −0.210% | $657K | $113.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5115 | −0.211% | $1.1M | $34.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5118 | −0.191% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5141 | −0.042% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5144 | −0.020% | $52K | $515K | 20x | as long as short |
| Bullet XRP-USDshort | +0.0100% | 1h | 1.5140 | −0.048% | $41K | $69K | 20x | |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5136 | −0.073% | $77K | $689K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5138 | −0.062% | $814K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5142 | −0.036% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5135 | −0.079% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5142 | −0.031% | $49.4M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5138 | −0.059% | $53.9M | $32.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5152 | +0.032% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5133 | −0.089% | $2.1M | $6.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5146 | −0.007% | $8K | $2K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5136 | −0.069% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0105% / S −0.0067% | 1h | 1.5136 | −0.070% | $772K | — | 200x | as long as short |
| Hyperliquid XRP | +0.0137% | 1h | 1.5156 | +0.059% | $289.3M | $267.9M | 20x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0154% | 1h | 1.5147 | long leg | $2.0M | $1.4M | 25x | |
| Kalshi KXXRPPERP | +0.0172% | 8h | 1.5144 | −0.020% | $1.8M | $34.1M | 2.9x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5140 | −0.046% | $5.6M | $47.9M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5135 | −0.079% | $23.7M | $77.6M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5129 | −0.118% | $1.3M | $4K | 15x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5148 | +0.003% | $520K | $807K | 10x | as long as short |
| Phoenix XRP | +0.0526% | 1h | 1.5150 | +0.020% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0620% | 1h | 1.5145 | −0.013% | $2K | $16K | 10x | as long as short |
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
Orderly PERP_XRP_USDC
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
GMX XRP/USD [ETH-USDC]
Hyperliquid XRP
Kalshi KXXRPPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD