XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.059%

Price spread now: dYdX against Backpack−0.022%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 7 days+1.208%+$121 · spread now −0.022%, 7d avg +0.048%

Together, before fees+0.950%+$95 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.070% cheaper against Backpack than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.048%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XRP_USDC_PERP	1.5365	0.0100	pay 0.0013% / 1h	53m 20s	$2.0M	$1.2M	25x
Short	dYdX XRP-USD	1.5362	0	get 0.0000% / 1h	53m 20s	$1.1M	$155K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee dYdXbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$21
Price spread: −0.022% → +0.048%: −$7
Slippage, 4 orders: −$44.86
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$92.87
Costs to cover: 0.649%
Break-even: never at this rate

Slippage from Backpack: live order book, 4 min ago; dYdX: live order book, 4 min ago.

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, 4 min ago	0.32 bp	5.3 bp −$5	6.3 bp −$63	doesn't fit	doesn't fit
Sell dYdX live order book, 4 min ago	22.11 bp	27.1 bp −$27	27.1 bp −$271	41.9 bp −$4,192	90.0 bp −$45.0K

XRP on 50 exchanges

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	1.5403	+0.247%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5362	−0.019%	$14.1M	$71.5M	50x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5362	−0.022%	$1.1M	$155K	10x
Phoenix XRP	0.0000%	1h	1.5360	−0.033%	$69K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5363	−0.013%	$7.8M	$21.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5353	−0.080%	$245K	—	150x	as long as short
01 Exchange XRPUSD	+0.0008%	1h	1.5352	−0.085%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.269%	$2K	$107K	30x	as long as short
SoDEX XRP-USD	+0.0060%	1h	1.5359	−0.039%	$30K	$1.5M	10x	as long as short
Ondo Perps XRP-USD.P	+0.0074%	1h	1.5365	0.000%	$565K	$37K	5x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5356	−0.059%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5361	−0.026%	$600K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5358	−0.043%	$479K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5350	−0.098%	$10K	$400K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5351	−0.088%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5365	+0.002%	$299.5M	$266.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5358	−0.046%	$39.4M	$81.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5358	−0.046%	$594K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5359	−0.039%	$535.8M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5361	−0.026%	$364.0M	$890.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5359	−0.039%	$124.8M	$838.8M	100x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5360	−0.033%	$165K	$684K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5379	+0.091%	$1.6M	$25K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5360	−0.033%	$383.3M	$155.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5353	−0.078%	$313.6M	$887.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5354	−0.072%	$106.8M	$181.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5359	−0.039%	$272.5M	$357.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5360	−0.033%	—	$100.9M	—	as long as short
Backpack XRP_USDC_PERPlong	+0.0100%	1h	1.5365	long leg	$2.0M	$1.2M	25x
Variational Omni XRP	+0.0100%	8h	1.5375	+0.062%	$5.0M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5375	+0.067%	$668K	$109.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5368	+0.020%	$1.1M	$30.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5372	+0.046%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5359	−0.039%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5354	−0.072%	$52K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5356	−0.059%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5359	−0.039%	$84K	$613K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5357	−0.050%	$129K	$1.5M	30x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5347	−0.115%	$50.0M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5357	−0.052%	$54.7M	$33.2M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5354	−0.069%	$2.2M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5354	−0.071%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5359	−0.039%	$5.5M	$44.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5358	−0.047%	$17K	$76K	7x	as long as short
Kalshi KXXRPPERP	+0.0140%	8h	1.5369	+0.026%	$1.9M	$34.9M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0202% / S −0.0545%	1h	1.5356	−0.057%	$806K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5361	−0.026%	$23.9M	$78.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5351	−0.091%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5360	−0.030%	$516K	$736K	10x	as long as short
Aftermath Perps XRPUSD	+0.0431%	1h	1.5381	+0.107%	$3K	$13K	10x	as long as short