Funding you earn now, next payment 03:00 UTC+0.0001%/8h= +0.2% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%
Price spread now: Reya against Backpack−0.145%7-day average +0.057% · 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)+0.082%+$8 on $10k
+Price spread, last 7 days+0.718%+$72 · spread now −0.145%, 7d avg +0.057%
=Together, before fees+0.800%+ Points / potential airdropReya: Active · farm board+$80 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Reya is 0.202% cheaper against Backpack than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5108 | 0.0213 | pay 0.0027% / 1h | 54m 24s | $1.9M | $1.3M | 25x |
| Short | Reya XRPRUSDPERP | 1.5086 | 0.0215 | get 0.0027% / 1h | 54m 24s | $1.3M | $7K | 15x |
Backpack XRP_USDC_PERP
Reya XRPRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $0.3
- Price spread: −0.145% → +0.057%
- −$20.16
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$35.86
- Costs to cover
- 0.160%
- Break-even
- 839.3 days
Slippage unknown: Backpack: live order book, 5 min ago; Reya: 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, 5 min ago | 0.33 bp | 5.3 bp −$5 | 6.3 bp −$63 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 50 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 | 1.5089 | −0.126% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5090 | −0.117% | $1.1M | $110K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5130 | +0.146% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5087 | −0.137% | $252K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0025% / S +0.0051% | 1h | 1.5087 | −0.142% | $797K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.992% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0075% | 8h | 1.5097 | −0.073% | $62K | $935K | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0088% | 1h | 1.5088 | −0.132% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5090 | −0.122% | $2.8M | $14.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5089 | −0.126% | $507K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
01 Exchange XRPUSD
Lighter XRP
Lighter RH XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5075 | −0.218% | $9K | $305K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5088 | −0.136% | $983K | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5092 | −0.106% | $278.8M | $219.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5090 | −0.122% | $38.2M | $83.0M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5089 | −0.126% | $606K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5091 | −0.113% | $534.8M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5093 | −0.099% | $341.0M | $924.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5102 | −0.040% | $124.5M | $860.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5072 | −0.238% | $561K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5092 | −0.106% | $114K | $694K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5087 | −0.142% | $1.6M | $161K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5088 | −0.132% | $368.0M | $150.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5091 | −0.113% | $291.9M | $891.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5086 | −0.144% | $106.2M | $170.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5096 | −0.079% | $266.1M | $379.2M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5091 | −0.113% | — | $126.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5143 | +0.232% | $6.1M | $35.9M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5088 | −0.129% | $655K | $108.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5115 | +0.046% | $1.1M | $35.9M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5094 | −0.093% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5093 | −0.100% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5084 | −0.159% | $41K | $447K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5091 | −0.114% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5098 | −0.064% | $812K | $75K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5092 | −0.106% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5101 | −0.046% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5093 | −0.099% | $49.4M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5097 | −0.073% | $53.8M | $29.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5089 | −0.123% | $470K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5097 | −0.074% | $2.0M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5098 | −0.068% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0213% | 1h | 1.5108 | long leg | $1.9M | $1.3M | 25x | |
| Deribit XRP_USDC-PERPETUAL | +0.0214% | 1h | 1.5104 | −0.026% | $7.7M | $25.1M | 50x | as long as short |
| Reya XRPRUSDPERPshort | +0.0215% | 1h | 1.5086 | −0.145% | $1.3M | $7K | 15x | |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5099 | −0.060% | $5.6M | $46.2M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0274% | 1h | 1.5097 | −0.073% | $14.4M | $72.8M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5139 | +0.208% | $17K | $81K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0356% | 8h | 1.5103 | −0.033% | $2.1M | $35.0M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5092 | −0.107% | $525K | $787K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0751% | 1h | 1.5112 | +0.023% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
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-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
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
Aevo XRP-PERP
Deribit XRP_USDC-PERPETUAL
Coinbase International XRP-PERP-INTX
Kraken Futures PF_XRPUSD
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD