Funding you earn now, next payment 02:00 UTC−0.0242%/8h= −26.5% APRnext payment −$0.30 per $10,000 · paid last 24h −0.022%
Price spread now: Vest against Backpack−0.038%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Vest is 0.038% cheaper against Backpack than usual: you would sell low and buy high (−$4 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 | 1.5123 | 0.0342 | pay 0.0043% / 1h | 41m 41s | $1.9M | $1.3M | 25x |
| Short | Vest XRP-PERP | 1.5117 | 0.0100 | get 0.0013% / 1h | 41m 41s | — | $12K | 10x |
Backpack XRP_USDC_PERP
Vest XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- −$50.75
- Price spread: −0.038% → 0.000%
- −$3.81
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$66.56
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 2 min ago; Vest: 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, 2 min ago | 0.33 bp | 5.3 bp −$5 | 7.0 bp −$70 | doesn't fit | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: 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 | 1.5114 | −0.060% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5088 | −0.234% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5160 | +0.245% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5101 | −0.143% | $252K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0023% / S +0.0064% | 1h | 1.5100 | −0.154% | $828K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.890% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5101 | −0.149% | $14.5M | $72.4M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0069% | 8h | 1.5109 | −0.093% | $57K | $945K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0081% | 1h | 1.5110 | −0.086% | $9.0M | $25.0M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5091 | −0.209% | $2.8M | $14.1M | 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
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
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 | 1.5094 | −0.192% | $516K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5098 | −0.165% | $10K | $306K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5117 | −0.036% | $880K | $5.8M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5109 | −0.095% | $38.4M | $84.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5095 | −0.182% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5098 | −0.167% | $534.5M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5099 | −0.159% | $336.6M | $940.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5101 | −0.145% | $123.7M | $869.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5121 | −0.013% | $562K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5110 | −0.086% | $115K | $723K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5183 | +0.396% | $1.6M | $305K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5099 | −0.159% | $367.2M | $150.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5094 | −0.192% | $290.4M | $901.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5089 | −0.225% | $107.2M | $171.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5099 | −0.159% | $264.1M | $384.8M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5097 | −0.172% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5155 | +0.213% | $6.2M | $35.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5178 | +0.365% | $660K | $108.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5150 | +0.177% | $1.1M | $38.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5185 | +0.410% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERPshort | +0.0100% | 1h | 1.5117 | −0.038% | — | $12K | 10x | |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5111 | −0.079% | $45K | $453K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5105 | −0.121% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5109 | −0.090% | $813K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5115 | −0.054% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5105 | −0.119% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5102 | −0.137% | $49.5M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5102 | −0.139% | $53.6M | $29.5M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5099 | −0.162% | $471K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5102 | −0.140% | $2.0M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5105 | −0.117% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5108 | −0.099% | $8K | $8K | 10x | as long as short |
| Hyperliquid XRP | +0.0173% | 1h | 1.5121 | −0.013% | $279.9M | $223.9M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5108 | −0.097% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5110 | −0.086% | $5.6M | $46.4M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5193 | +0.463% | $24.0M | $75.2M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0328% | 1h | 1.5150 | +0.176% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0339% | 8h | 1.5117 | −0.040% | $2.1M | $36.1M | 2.9x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0342% | 1h | 1.5123 | long leg | $1.9M | $1.3M | 25x | |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5110 | −0.087% | $535K | $782K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0803% | 1h | 1.5154 | +0.205% | $2K | $14K | 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
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
01 Exchange XRPUSD
Hyperliquid XRP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD