XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0115%/8h= +12.6% APRnext payment +$0.14 per $10,000 · paid last 24h +0.022%

Price spread now: Backpack against 01 Exchange−0.026%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Backpack is 0.026% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5404	0.0064	pay 0.0008% / 1h	8m 06s	$9K	$987	10x
Short	Backpack XRP_USDC_PERP	1.5400	0.0179	get 0.0022% / 1h	8m 06s	$2.0M	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against 01 Exchange. 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 01 ExchangebpFee BackpackbpOrdersPrice spread, now −0.026%Rate

Funding earned: $24.2
Price spread: −0.026% → 0.000%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: $4.61
Costs to cover: 0.170%
Break-even: 5.7 days

Slippage unknown: 01 Exchange: no order-book sample; Backpack: live order book, 4 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Backpack live order book, 4 min ago	0.32 bp	5.3 bp −$5	6.5 bp −$65	doesn't fit	doesn't fit

01 Exchange: 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 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	1.5387	−0.110%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0076%	1h	1.5401	−0.018%	$13.8M	$67.4M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5407	+0.018%	$1.1M	$154K	10x	as long as short
Kalshi KXXRPPERP	0.0000%	8h	1.5414	+0.065%	$1.9M	$36.1M	2.9x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	+0.169%	$72K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5401	−0.019%	$7.8M	$19.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5399	−0.030%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.013%	$2K	$107K	30x	as long as short
01 Exchange XRPUSDlong	+0.0064%	1h	1.5404	long leg	$9K	$987	10x
Lighter XRP	+0.0096%	1h	1.5398	−0.042%	$2.8M	$13.8M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5400	−0.026%	$573K	$3.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5404	0.000%	$5.5M	$40.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5404	+0.003%	$480K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5406	+0.013%	$12K	$451K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5404	0.000%	$839K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5401	−0.019%	$299.4M	$261.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5389	−0.096%	$39.0M	$79.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5410	+0.036%	$593K	$934K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5387	−0.107%	$538.0M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5388	−0.104%	$365.7M	$841.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5387	−0.110%	$125.3M	$821.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5421	+0.110%	$568K	$44K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5407	+0.019%	$159K	$633K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5432	+0.182%	$1.6M	$58K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5392	−0.078%	$374.3M	$161.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5393	−0.071%	$317.5M	$897.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5396	−0.053%	$106.0M	$180.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5389	−0.097%	$271.5M	$343.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5389	−0.097%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5420	+0.106%	$5.1M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5441	+0.242%	$671K	$103.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5429	+0.165%	$1.1M	$32.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5432	+0.182%	$1.2M	$1.2M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5402	−0.013%	$51K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5398	−0.037%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5399	−0.032%	$83K	$570K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5398	−0.038%	$828K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5401	−0.022%	$129K	$1.4M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5397	−0.045%	$30K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5391	−0.084%	$50.1M	$12.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5399	−0.032%	$55.2M	$33.7M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5411	+0.048%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5391	−0.086%	$2.2M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5394	−0.065%	$59K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5435	+0.204%	$17K	$67K	7x	as long as short
Backpack XRP_USDC_PERPshort	+0.0179%	1h	1.5400	−0.026%	$2.0M	$1.2M	25x
BloFin XRP-USDT	+0.0220%	8h	1.5436	+0.208%	$23.9M	$78.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0225%	1h	1.5395	−0.056%	$1.4M	$2K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0285% / S −0.0247%	1h	1.5399	−0.031%	$1.2M	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5406	+0.014%	$509K	$685K	10x	as long as short
Aftermath Perps XRPUSD	+0.0395%	1h	1.5422	+0.119%	$3K	$13K	10x	as long as short