Live data
Ripple (XRP) perpetual futures
Live funding rates, open interest, and measured trade costs for Ripple. 30 venues in the PerpFinder venue map list XRP perps.
At a glance
This XRP funding snapshot covers 4 venues: Bybit, Hyperliquid, dYdX, and Binance. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists XRP.
- Highest annualized funding
- +10.95%Hyperliquid
- Executable spread
- 10.95% annualizedHyperliquid vs dYdX
More
The highest executable annualized funding rate is +10.95% on Hyperliquid, and the lowest is 0.00% on dYdX.
The executable spread between Hyperliquid and dYdX is 10.95% annualized, from 3 venues that report open interest.
Bybit, Hyperliquid, and dYdX report $547.0m of open interest across the venues in this snapshot that publish it.
The XRP price in this snapshot comes from Binance at $1.42.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
HyperliquidDEX
BybitCEX
BinanceCEX
dYdXDEXOpen interest
Per-exchange open interest
BybitHyperliquiddYdXLong/short ratio
Account-level positioning
BinanceBybit
OKX
Bitget
Gate.io
HTXCost comparison
Fee plus slippage for a $100K trade
This panel measures the fee, the half-spread and the price impact from live order books when you open the page. The last recorded sweep values are on the cost comparison tool.
Where to Trade Ripple (XRP) Perpetual Futures
27 of the 30 venues that list XRP perps have a PerpFinder review page. The table compares fees, leverage, and features for those 27.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | XRP → | |
| 0.010% | 0.050% | 50x | 9.0 | XRP → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens pool imbalance | 100x | 8.5 | XRP → | ||
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | XRP → | ||
| 0.010% | 0.035% | 50x | 8.0 | XRP → | |
| 0.020% | 0.050% | 100x | 8.0 | XRP → | |
| 0.010% | 0.020% | 100x | 7.8 | XRP → | |
| Free | 0.030% | 50x | 7.8 | XRP → | |
| -0.010% | 0.017% | 1000x | 7.8 | XRP → | |
| 0.050% | 0.080% | 20x | 7.5 | XRP → | |
| Free | 0.040% | 100x | 7.5 | XRP → | |
| 0.012% | 0.038% | 100x | 7.5 | XRP → | |
| Free | 0.000% | 50x | 7.5 | XRP → | |
| Free | 0.000% | 50x | 7.5 | XRP → | |
| 0.03% when opening and again when closing; Regular Tier 0 fee for each executed position increase or decrease. Volume tiers can lower it. Price impact and funding are separate. | 100x | 7.5 | XRP → | ||
| 0.01% or 0.045% when opening and again when closing; crypto standard perps; 0.01% improves the open-interest balance, 0.045% worsens it; forex, commodity and equity markets are 0% and Upside Perps use profit sharing | 100x | 7.0 | XRP → | ||
| 0.045% or 0.055% when opening and again when closing; VIP Tier 0; 0.045% when an executed open, increase, close, or decrease improves long-short open-interest balance, and 0.055% when it worsens that balance | 100x | 7.0 | XRP → | ||
| Free | 0.025% | 100x | 7.0 | XRP → | |
| -0.000% | 0.045% | 50x | 7.0 | XRP → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens the long and short balance | 100x | 6.5 | XRP → | ||
| 0.020% | 0.050% | 100x | 6.5 | XRP → | |
| 0.020% | 0.050% | 50x | 6.5 | XRP → | |
| 0.015% | 0.040% | 50x | 6.5 | XRP → | |
| 0.010% | 0.040% | 40x | 6.5 | XRP → | |
| Free | 0.045% | 50x | 6.5 | XRP → | |
| 0.010% | 0.035% | 100x | 6.0 | XRP → | |
| 0.020% | 0.050% | 100x | 6.0 | XRP → | |
Market Overview
XRP perpetual futures behave differently from most major altcoin perps because the asset's price is uniquely driven by legal and regulatory developments. The Ripple vs. SEC litigation defined XRP's price narrative from 2020 through the eventual settlement, and the market has learned to position in anticipation of court dates, rulings, and subsequent policy shifts.
Market structure and venue distribution
XRP perps are primarily a CEX market. Almost all XRP perp open interest sits on Binance, Bybit, and OKX, because those books carry the deepest XRP liquidity. Coinalyze confirms that XRP's on-chain perp volume is thin relative to its CEX presence, partly because XRP's use case as a payments asset attracts a user base less oriented toward DeFi infrastructure.
Binance typically quotes the tightest XRP spread given its volume, but Bybit competes closely on funding rates. OKX's XRP book is meaningful for larger positions. Among DEX venues, Hyperliquid lists XRP perps, though depth is a fraction of CEX levels.
Funding and regulatory event sensitivity
XRP funding spikes are among the most predictable in the altcoin space: court dates, SEC filings, and settlement announcements each produce measurable funding reactions. PerpFinder tracks funding rate changes across venues in real time — check the funding rates tool ahead of any scheduled legal developments to see how positioning is shifting.
Traders build long positions before a court date, and that positioning raises XRP funding until the event resolves. Negative rulings produce an inverse pattern: rapid short buildup followed by a squeeze as positioning normalizes.
Liquidity and spread risk on news events
XRP spreads widen significantly in the first minutes after major news. Order book depth thins as market makers pull quotes during high-uncertainty windows, and the bid-ask spread on Binance can expand from sub-0.1% to 0.5%+ briefly. Traders entering on news should use limit orders and accept partial fills rather than chasing market orders during these windows.
The secondary risk for XRP perp holders is the asset's concentrated top-holder structure. Large XRP wallet movements by Ripple or early holders visible on XRP Ledger explorers have preceded price moves. Watch for unusual Ripple escrow unlock activity as a pre-trade signal.
Use PerpFinder's exchanges page to compare XRP perp fee tiers across CEX venues, or check the cost comparison tool for break-even analysis before opening a position.
Trading Tips for Ripple Perps
XRP is highly sensitive to regulatory news. Watch court filings and SEC announcements — open interest and funding rates spike sharply around legal developments. Use limit orders during news events, as XRP spreads can widen significantly in the first minutes after major rulings.
Frequently Asked Questions — Ripple (XRP)
What is the current XRP perpetual futures funding rate?
The live Ripple (XRP) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists XRP perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest XRP perp trading fees?
Among 21 tracked XRP venues with comparable order-book schedules, Paradex lists the lowest taker fee at 0.000%. Lighter lists 0.000%. 6 position-fee venues are excluded from this maker/taker result. Use the cost comparison for total cost.
How does Ripple open interest compare across exchanges?
The Ripple (XRP) open-interest chart shows the total value of outstanding XRP derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the XRP long/short ratio indicate?
The Ripple long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade XRP perpetual futures?
Ripple (XRP) perps are listed on 27 exchanges, including Hyperliquid, dYdX, GMX, Gains Network, and Bluefin, plus 22 more. The "Where to Trade Ripple (XRP) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: Payments · Data updates every 2 minutes · All rates shown are annualized