XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h −0.012%

Price spread now: Extended against Backpack−0.184%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$170.166% of the position

Long on Backpack Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 7 days+0.767%+$77 · spread now −0.184%, 7d avg +0.038%

Together, before fees+0.752%+ Points / potential airdropExtended: Active · farm board+$75 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 Extended is 0.222% cheaper against Backpack than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XRP_USDC_PERP	1.5486	0.0199	pay 0.0025% / 1h	11m 02s	$1.8M	$953K	25x
Short	Extended XRP-USD	1.5458	0.0104	get 0.0013% / 1h	11m 02s	$2.1M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.184%Rate

Funding earned: −$20.04
Price spread: −0.184% → +0.038%: −$22.2
Slippage, 4 orders: −$1.63
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$58.87
Costs to cover: 0.166%
Break-even: never at this rate

Slippage from Backpack: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago	0.32 bp	5.3 bp −$5	6.6 bp −$66	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.32 bp	3.0 bp −$3	4.9 bp −$49	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5439	−0.303%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5452	−0.219%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5470	−0.103%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5468	−0.114%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0009%	1h	1.5466	−0.129%	$9.4M	$24.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−1.266%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5473	−0.084%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0171%	1h	1.5471	−0.100%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5469	−0.108%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5471	−0.097%	$447K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5486	+0.003%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5469	−0.111%	$39.4M	$73.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5459	−0.176%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5481	−0.034%	$556.9M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5477	−0.058%	$348.9M	$850.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5472	−0.090%	$126.4M	$849.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5427	−0.381%	$574K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5475	−0.071%	$119K	$685K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	−0.093%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5469	−0.110%	$369.2M	$133.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5471	−0.097%	$292.7M	$818.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5471	−0.095%	$112.1M	$149.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5472	−0.090%	$268.0M	$346.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5472	−0.090%	—	$114.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5430	−0.363%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5464	−0.145%	$671K	$97.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5436	−0.321%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5464	−0.142%	$1.0M	$871K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5491	+0.032%	$50K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5473	−0.087%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5437	−0.318%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5459	−0.176%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5460	−0.168%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5469	−0.108%	$50.9M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5473	−0.084%	$55.3M	$28.4M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5469	−0.107%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5470	−0.102%	$482K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5481	−0.032%	$12K	$239K	20x	as long as short
Extended XRP-USDshort	+0.0104%	1h	1.5458	−0.184%	$2.1M	$7.2M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5463	−0.147%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5487	+0.006%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5466	−0.132%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5495	+0.058%	$5.7M	$45.1M	50x	as long as short
Backpack XRP_USDC_PERPlong	+0.0199%	1h	1.5486	long leg	$1.8M	$953K	25x
Reya XRPRUSDPERP	+0.0211%	1h	1.5479	−0.046%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5480	−0.039%	$24.2M	$68.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0284%	8h	1.5491	+0.032%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5441	−0.293%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5487	+0.007%	$407K	$499K	10x	as long as short
Hyperliquid XRP	+0.0505%	1h	1.5488	+0.013%	$285.4M	$190.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0527%	1h	1.5444	−0.273%	$1K	$11K	10x	as long as short