XRP Perpetual Futures

The open-interest-weighted XRP funding rate is +0.0104% per 8 hours, or +11.36% annualised. Positive funding means longs pay shorts. Across exchanges it ranges from 0.0000% on dYdX to +0.0380% on Kraken. Compare all funding rates.

XRP perpetual open interest is $2.83B (2.11B XRP), down 2.08% in 24 hours. CME holds the most at $512.18M. That is 3.37% of XRP's market cap.

XRP is the native token of the XRP Ledger, a blockchain built for fast payments that confirms transactions in seconds without mining. All 100 billion XRP were created when the ledger launched, so no new coins are issued. Ripple uses XRP in some of its cross-border payment products.

XRP perps traded $2.73B in the last 24 hours, -22.79% on the day before. Binance leads with 29%, followed by MEXC ($452.37M) and OKX ($289.02M).

Over the last 24 hours 50.2% of accounts are long and 49.8% short, a long/short ratio of 1.01. See the long/short ratio by exchange.

Ripple placed a large part of its XRP in escrow that releases up to one billion tokens each month, with unused tokens returned to new escrow contracts. Traders watch these releases because any XRP Ripple sells adds supply, although much of each release is usually locked up again.

The US Securities and Exchange Commission sued Ripple in 2020, arguing XRP sales were unregistered securities offerings, and several US platforms paused XRP trading as a result. Court rulings and settlement news in the case caused some of the largest single-day moves in XRP's history.

$3.44M of XRP positions were liquidated in 24 hours, $2.43M longs and $1.02M shorts. Binance saw the most at $1.64M. See where liquidations cluster.

No. Ripple is a private company that builds payment software and holds a large amount of XRP. XRP is the token of the XRP Ledger, an open-source network run by independent validators. The ledger operates without Ripple, though the company's news and legal history still move the price.

XRP perpetual futures are derivatives contracts that track the price of XRP and never expire. Instead of settling on a date, they use a funding rate to stay close to the spot price. You can go long or short with leverage without holding any XRP.

Funding is a payment between longs and shorts. When XRP perps trade above the index price, funding is positive and longs pay shorts. When they trade below it, shorts pay longs. Most exchanges settle every 8 hours and some, including Hyperliquid, settle every hour.

XRP perps trade on 14 tracked exchanges. By volume the largest are Binance, MEXC and OKX. Compare fees and features on the best perpetual exchanges.

Coinperps does not give trading advice. Funding, open interest, the long/short ratio and liquidations show how other traders are positioned, but crowded positioning can last longer than expected. Size positions so a liquidation would not hurt you.