Spread before costs (cost unknown: a leg has no order-book sample)+0.044%
7d average+0.041%if it closes, per $10,000$4funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive XRP-PERP | 1.4942 | 0.0100 | pay 0.0013% / 1h | 33m 17s | $805K | $65K | 10x |
| Short | Backpack XRP_USDC_PERP | 1.4949 | 0.0100 | get 0.0013% / 1h | 33m 17s | $1.6M | $888K | 25x |
Derive XRP-PERP
Backpack XRP_USDC_PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $4.41
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$11.59
- Spread needed to break even
- 0.160%
Slippage unknown: Derive: no order-book sample; Backpack: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- Average in range /8h
- —
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 Derive no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 2 min ago | 0.33 bp | 5.3 bp −$5 | 6.6 bp −$66 | doesn't fit | doesn't fit |
Derive: 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective1.4090cheapest
HTX1.4929+5.958%Variational Omni1.4930+5.959%Gate1.4939+6.026%Ondo Perps1.4940+6.033%Phemex1.4940+6.033%GMX1.4942+6.045%Bybit1.4942+6.047%Bitget1.4942+6.047%Orderly1.4942+6.047%Extended1.4942+6.050%
Injective
HTX
Variational Omni
Gate
Ondo Perps
Phemex
GMX
Bybit
Bitget
Orderly
ExtendedDerive1.4942+6.050%
OKX1.4943+6.054%Bullet1.4943+6.054%KuCoin1.4943+6.055%Binance1.4944+6.061%Hotstuff1.4944+6.061%MEXC1.4944+6.061%BingX1.4944+6.061%SoDEX1.4944+6.061%Aster1.4944+6.062%Aevo1.4944+6.062%Reya1.4944+6.064%Nado1.4945+6.065%gTrade (Gains Network)1.4945+6.068%Vest1.4947+6.082%Polymarket Perps1.4947+6.082%Deribit1.4947+6.082%edgeX1.4947+6.082%Kraken Futures1.4948+6.088%Arcus1.4948+6.089%Katana Perps1.4948+6.089%SunX1.4949+6.095%
OKX
Bullet
KuCoin
Binance
Hotstuff
MEXC
BingX
SoDEX
Aster
Aevo
Reya
Nado
gTrade (Gains Network)
Vest
Polymarket Perps
Deribit
Kraken Futures
Arcus
Katana Perps
SunXBackpack1.4949+6.097%
dYdX1.4949+6.100%Pacifica1.4950+6.101%01 Exchange1.4950+6.104%Aftermath Perps1.4950+6.105%Lighter1.4950+6.106%Lighter RH1.4951+6.111%Bulk1.4951+6.112%Coinbase International1.4952+6.118%Paradex1.4952+6.120%RISEx1.4953+6.125%Hyperliquid1.4956+6.146%Kalshi1.4957+6.153%BloFin1.4968+6.231%Phoenix1.4970+6.246%Hibachi1.4974+6.276%ApeX Omni1.4976+6.288%
dYdX
Pacifica
Lighter
Lighter RH
Bulk
Coinbase International
Paradex
RISEx
Hyperliquid
BloFin
Phoenix
Hibachi
ApeX OmniXRP on 50 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective XRP/USDC PERP | −5.705% | +0.0033% | 1h | $2K | $63K | 30x | as long as short |
| HTX XRP-USDT | −0.086% | +0.0100% | 8h | $49.3M | $13.2M | 75x | as long as short |
| Variational Omni XRP | −0.086% | +0.0100% | 8h | $5.0M | $18.4M | — | as long as short |
| Gate XRP_USDT | −0.023% | +0.0100% | 8h | $345.4M | $124.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | −0.016% | +0.0100% | 1h | $558K | $47K | 5x | as long as short |
| Phemex XRPUSDT | −0.016% | +0.0100% | 8h | $54.1M | $26.2M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | −0.004% | L −0.0208% / S +0.0292% | 1h | $1.6M | — | 200x | as long as short |
| Bybit XRPUSDT | −0.003% | +0.0100% | 8h | $331.3M | $734.7M | 100x | as long as short |
| Bitget XRPUSDT | −0.003% | +0.0100% | 8h | $256.8M | $308.9M | 125x | as long as short |
| Orderly PERP_XRP_USDC | −0.003% | +0.0048% | 8h | $184K | $774K | 50x | as long as short |
Show all 50 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended XRP-USD | 0.000% | +0.0104% | 1h | $2.0M | $6.9M | 50x | as long as short |
| Derive XRP-PERPlong | 0.000% | +0.0100% | 1h | $805K | $65K | 10x | |
| OKX XRP-USDT-SWAP | +0.004% | +0.0100% | 8h | $125.3M | $758.2M | 100x | as long as short |
| Bullet XRP-USD | +0.004% | +0.0100% | 1h | $41K | $57K | 20x | as long as short |
| KuCoin XRPUSDTM | +0.005% | +0.0100% | 8h | $112.6M | $131.5M | 75x | as long as short |
| Binance XRPUSDT | +0.011% | +0.0100% | 8h | $531.2M | $1.66B | 100x | as long as short |
| Hotstuff XRP-PERP | +0.011% | −0.0080% | 1h | $6K | $2K | 20x | as long as short |
| MEXC XRP_USDT | +0.011% | +0.0100% | 8h | $291.6M | $730.9M | 300x | as long as short |
| BingX XRP-USDT | +0.011% | +0.0100% | 8h | — | $98.6M | — | as long as short |
| SoDEX XRP-USD | +0.011% | +0.0100% | 1h | $29K | $1.9M | 10x | as long as short |
| Aster XRPUSDT | +0.011% | +0.0100% | 8h | $38.0M | $66.3M | 100x | as long as short |
| Aevo XRP-PERP | +0.012% | +0.0104% | 1h | $72K | $39K | 3x | as long as short |
| Reya XRPRUSDPERP | +0.013% | +0.0207% | 1h | $1.3M | $15K | 15x | as long as short |
| Nado XRP-PERP | +0.014% | +0.0100% | 1h | $1.1M | $4.8M | 20x | as long as short |
| gTrade (Gains Network) XRP/USD | +0.017% | L +0.0003% / S −0.0003% | 1h | $218K | — | 150x | as long as short |
| Vest XRP-PERP | +0.030% | +0.0100% | 1h | — | $9K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.031% | +0.0100% | 1h | $64K | $383K | 20x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.031% | 0.0000% | 1h | $8.7M | $20.3M | 50x | as long as short |
| edgeX XRPUSDC | +0.031% | +0.0100% | 4h | $649K | $86.0M | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.036% | +0.0163% | 1h | $16.5M | $43.5M | 50x | as long as short |
| Arcus XRP-USD | +0.037% | +0.0100% | 1h | $116K | $568K | 20x | as long as short |
| Katana Perps XRP-USD | +0.037% | +0.0100% | 8h | $12K | $237K | 20x | as long as short |
| SunX XRP-USDT | +0.043% | +0.0100% | 8h | $126K | $1.7M | 30x | as long as short |
| Backpack XRP_USDC_PERPshort | +0.044% | +0.0100% | 1h | $1.6M | $888K | 25x | |
| dYdX XRP-USD | +0.047% | 0.0000% | 1h | $1.1M | $94K | 10x | as long as short |
| Pacifica XRP | +0.048% | +0.0100% | 1h | $660K | $1.0M | 20x | as long as short |
| 01 Exchange XRPUSD | +0.051% | +0.0160% | 1h | $8K | $8K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.052% | +0.0509% | 1h | $1K | $9K | 10x | as long as short |
| Lighter XRP | +0.053% | +0.0096% | 1h | $2.9M | $9.4M | 20x | as long as short |
| Lighter RH XRP | +0.057% | +0.0096% | 1h | $453K | $2.2M | 20x | as long as short |
| Bulk XRP-USD | +0.058% | +0.0100% | 1h | $1.6M | $257K | 20x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.064% | +0.0240% | 1h | $5.2M | $37.4M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.066% | +0.0100% | 8h | $468K | $54K | 50x | as long as short |
| RISEx XRP/USDC | +0.071% | +0.0490% | 1h | $388K | $447K | 10x | as long as short |
| Hyperliquid XRP | +0.091% | +0.0294% | 1h | $263.8M | $150.2M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.098% | +0.0171% | 8h | $1.7M | $32.7M | 2.9x | as long as short |
| BloFin XRP-USDT | +0.171% | +0.0220% | 8h | $23.3M | $57.1M | 125x | as long as short |
| Phoenix XRP | +0.185% | 0.0000% | 1h | $69K | $86K | 15x | as long as short |
| Hibachi XRP/USDT-P | +0.213% | +0.0064% | 1h | $19K | $30K | 7x | as long as short |
| ApeX Omni XRPUSDT | +0.225% | +0.0100% | 1h | $996K | $717K | 50x | as long as short |