How to leverage XRP
XRP is XRP token.
The XRP is a volatile asset, therefore can be benefited in trading by usage of leverage.
Derivatives serving as perpetuals and future contracts are accessible on many crypto venues. Trading position can be leveraged even 125 times.
XRP Perpetual Future Contracts
For the purpose of leveraging your position, you can benefit from perpetual swaps.
| Exchange | Symbol | Premium (-) Discount (+) |
Spread | Funding Rate | Open Intrest | 24h Volume |
|---|---|---|---|---|---|---|
| C-Trade | XRPUSDT | -0.141 | 0.04 | 0.01000 | 249,525,838 | 6,660,037 |
| Binance (Futures) | XRPUSDT | 0.125 | 0.02 | -0.01193 | 125,407,658 | 228,770,905 |
| Bybit (Futures) | XRPUSDT | 0.039 | 0.02 | 0.00310 | 117,831,322 | 66,631,290 |
| Coincatch Derivatives | XRPUSDT_UMCBL | 0.051 | 0.03 | -0.01140 | 65,187,619 | 165,496,369 |
| Bitrue (Futures) | XRP-USDT | 0.236 | 0.04 | -0.01242 | 52,540,733 | 144,608,275 |
| Bybit (Futures) | XRPUSD | 0.000 | 0.02 | 0.01000 | 51,374,715 | 14,305,965 |
| Bybit | XRPUSD | 0.089 | 0.03 | -0.07580 | 46,632,043 | 75,195,130 |
| Bitunix Futures | XRP_USDT | 0.078 | 0.02 | 0.00434 | 42,197,509 | 43,192,808 |
| Bybit | XRPUSDT | 0.059 | 0.03 | -0.04920 | 36,833,865 | 75,852,151 |
| Blofin | XRP-USDT | 0.000 | 0.02 | 0.01455 | 35,191,085 | 53,461,878 |
| XT.COM (Derivatives) | XRP_USDT | 0.078 | 0.02 | -0.00620 | 31,612,744 | 163,378,451 |
| Phemex (Futures) | XRP-PERPUSD | -0.173 | 0.02 | 0.03307 | 30,278,445 | 11,315,896 |
| OrangeX Futures | XRP-USDT-PERPETUAL | 0.098 | 0.00 | -0.01230 | 29,254,783 | 86,545,918 |
| FTX (Derivatives) | XRP-PERP | 1.660 | 0.61 | -2.94000 | 29,204,183 | 206,317,908 |
| Binance (Futures) | XRPUSD_PERP | 0.212 | 0.02 | -0.00425 | 24,887,000 | 31,414,011 |
| ZBG Futures | XRP_USDT | -0.065 | 0.19 | 0.01000 | 23,028,715 | 4,646,661 |
| MEXC Global (Futures) | XRP_USDT | 0.057 | 0.02 | 0.01090 | 18,759,833 | 91,258,202 |
| Phemex (Futures) | XRP-PERPUSDT | 0.059 | 0.02 | 0.01000 | 15,713,183 | 13,933,443 |
| BingX (Futures) | XRP-USDT | 0.118 | 0.02 | 0.00370 | 14,890,583 | 17,507,088 |
| MEXC (Futures) | XRP_USDT | 0.098 | 0.02 | -0.01220 | 14,508,489 | 13,741,084 |
| BitVenus Futures | XRP-SWAP-USDT | -0.015 | 0.18 | -0.00100 | 14,247,226 | 47,765,645 |
| AAX Futures | XRPUSDTFP | 0.684 | 9.52 | -0.01056 | 12,450,157 | 47,426,125 |
| Bitget Futures | CMT_XRPUSDT | -0.026 | 0.07 | -0.00459 | 11,812,686 | 50,683,965 |
| Hopex | XRPUSDT | 0.049 | 0.00 | 0.00000 | 10,815,018 | 33,104,115 |
| Prime XBT | XRP/USD | 0.000 | 1.92 | 0.00000 | 9,549,200 | 70,866 |
| OKEx (Futures) | XRP-USDT-SWAP | -0.017 | 0.05 | -0.01923 | 9,264,748 | 56,737,392 |
| ApeX Pro | XRPUSDC | -0.318 | 0.08 | 0.01987 | 8,922,777 | 1,729,983 |
| Coincatch Derivatives | XRPUSD_DMCBL | -0.114 | 0.17 | -0.01800 | 8,265,582 | 521,452 |
| WhiteBIT Futures | XRP_PERP | 0.131 | 0.18 | 0.01000 | 7,907,532 | 4,088,028 |
| Toobit Futures | XRP-SWAP-USDT | 0.080 | 0.02 | 0.00381 | 7,776,844 | 35,691,218 |
| CoinTR Pro (Derivatives) | XRPUSDT | 0.000 | 0.00 | 0.01000 | 7,736,720 | 72,679,558 |
| HTX Futures | XRP-USDT | -0.244 | 1.59 | 0.05378 | 7,681,884 | 7,866,570 |
| Gate.io (Futures) | XRP_USDT | -0.081 | 14.29 | 0.01000 | 7,648,333 | 28,740,462 |
| Prime XBT | XRP/BTC | 0.000 | 10.00 | 0.00000 | 7,412,300 | 2,125 |
| Bitforex (Futures) | SWAP-USD-XRP | 0.039 | 0.18 | 0.02294 | 7,364,905 | 37,290,109 |
| BitZ (Futures) | 104 | 0.016 | 0.17 | 0.00000 | 6,801,657 | 107,361,215 |
| OKEx (Futures) | XRP-USD-SWAP | 0.081 | 0.06 | -0.02160 | 6,399,920 | 30,361,988 |
| Phemex (Futures) | XRPUSD | 0.078 | 0.02 | 0.01000 | 6,116,496 | 212,220,030 |
| BitMake Futures | XRPUSDT | 0.016 | 0.02 | 0.00000 | 5,970,754 | 65,200,536 |
| MUFEX | XRPUSDT | -0.102 | 0.02 | 0.04070 | 4,816,675 | 425,817,228 |
| Bybit (Futures) | XRPPERP | -0.019 | 0.02 | 0.01000 | 4,520,098 | 76,513 |
| BitMEX | XRPUSD | -0.119 | 0.02 | 0.01000 | 4,437,237 | 3,161,817 |
| Aevo | XRP-PERP | 0.000 | 0.05 | -0.00120 | 4,361,160 | 1,097,496 |
| BTSE (Futures) | XRPPFC | 0.039 | 0.09 | 0.00000 | 3,326,134 | 2,147,451 |
| Bitfinex (Futures) | XRPF0:USTF0 | -0.147 | 0.04 | 0.03336 | 3,119,090 | 878,426 |
| CoinEx (Futures) | XRP-USDT | 0.000 | 0.02 | 0.13072 | 3,083,131 | 8,812,002 |
| RabbitX | XRP-USD | -0.119 | 0.07 | 0.01653 | 2,932,458 | 28,439,322 |
| Phemex | XRPUSD | -0.066 | 0.16 | 0.01000 | 2,697,170 | 18,080,031 |
| MXC (Futures) | XRP_USDT | -0.026 | 0.12 | 0.00000 | 2,514,230 | 2,224,183 |
| Coincall | XRP-USD | -0.086 | 0.14 | 0.03133 | 2,039,754 | 2,859,421 |
| Huobi Futures | XRP-USDT | 0.018 | 2.04 | 0.01000 | 1,431,426 | 12,163,910 |
| BTSE (Futures) | XRP-PERP | -0.009 | 0.09 | 0.00982 | 1,116,493 | 3,975,909 |
| Bitget Futures | XRPUSD | 0.000 | 0.06 | -0.09975 | 1,093,603 | 2,391,539 |
| Kraken (Futures) | PI_XRPUSD | -0.011 | 0.07 | 0.00431 | 1,047,703 | 896,706 |
| Stormgain Futures | XRP-PERPUSDT | 0.000 | 0.09 | 0.00400 | 1,010,130 | 815,715 |
| WOO X (Futures) | PERP_XRP_USDT | -0.028 | 0.03 | 0.01707 | 569,371 | 1,033,169 |
| Binance (Futures) | XRPBUSD | 0.024 | 0.02 | 0.01000 | 435,088 | 1,754,597 |
| MEXC (Futures) | XRP_USD | -0.082 | 0.02 | 0.01000 | 347,725 | 4,027,569 |
| BitZ (Futures) | XRP_USDT | 0.000 | 0.23 | 0.00000 | 338,754 | 1,975,274 |
| HTX Futures | XRP-USD | -0.150 | 1.61 | 0.02046 | 332,830 | 3,116,715 |
| Deribit | XRP_USDC-PERPETUAL | -0.065 | 0.02 | -0.00864 | 276,191 | 287,506 |
| WOO Network (Futures) | PERP_XRP_USDT | 0.070 | 0.08 | -0.00101 | 209,693 | 348,570 |
| Huobi Futures | XRP-USD | 0.007 | 2.04 | 0.01000 | 177,690 | 563,829 |
| AscendEX (BitMax) (Futures) | XRP-PERP | 0.025 | 0.00 | 0.00200 | 155,924 | 6,162,916 |
| XT.COM (Derivatives) | XRP_USD | -0.098 | 0.02 | 0.01870 | 102,250 | 2,857,730 |
| MEXC Global (Futures) | XRP_USD | 0.000 | 0.02 | 0.01510 | 100,119 | 28,068,775 |
| BaseFEX | XRPXBT | 1.353 | 3.07 | 0.01000 | 97,774 | 975,600 |
| Crypto.com Exchange (Futures) | XRPUSD-PERP | 0.016 | 0.06 | 0.00301 | 82,582 | 10,886 |
| HitBTC (Derivatives) | XRPUSDT_PERP | -0.016 | 0.05 | 0.01000 | 65,754 | 1,677,754 |
| Hyperliquid | XRP-USD | -0.002 | 0.01 | 0.00350 | 58,743 | 293,621 |
| Kwenta Derivatives | XRP_SUSD | 0.000 | 0.00 | 0.05269 | 50,120 | 71,674 |
| ZB (Derivatives) | XRP_USDT | -0.052 | 0.16 | 0.01000 | 36,026 | 37,576,537 |
| Kine Protocol (Derivatives) | XRP-PERP | 0.000 | 0.00 | 0.02000 | 31,467 | 23,910,805 |
| Helix (Futures) | XRP/USDT PERP | 0.380 | 0.05 | 0.00040 | 25,791 | 1,313 |
| Drift Protocol | XRP-PERP | 0.000 | 0.00 | 0.00226 | 24,670 | 7,487 |
| Opnx Derivatives | XRP-OUSD-SWAP-LIN | 0.016 | 0.00 | -0.00003 | 10,480 | 12 |
| Gate.io (Futures) | XRP_USD | -5.704 | 60.00 | 0.01000 | 7,064 | 85 |
| Bit.com (Futures) | XRP-USDT-PERPETUAL | -0.026 | 0.38 | 0.00000 | 364 | 276 |
| MXC (Futures) | XRP_USD | -0.067 | 0.47 | -0.04430 | 0 | 1,268,353,797 |
| Deepcoin (Derivatives) | XRPUSD | 0.122 | 0.04 | 0.02327 | 0 | 436,156,518 |
| BTCEX (Futures) | XRP-USDT-PERPETUAL | 0.063 | 0.04 | 0.10000 | 0 | 193,398,410 |
| CoinTiger (Futures) | XRPUSDT | 0.122 | 0.02 | -0.00159 | 0 | 170,084,417 |
| Bitmart Futures | XRPUSDT | -0.096 | 0.28 | 0.01967 | 0 | 96,444,692 |
| BTCC Futures | XRPUSDT | 0.006 | 0.07 | 0.00000 | 0 | 90,752,795 |
| Deepcoin (Derivatives) | XRPUSDT | -0.039 | 0.01 | 0.02430 | 0 | 62,404,740 |
| Biki (Futures) | 8 | -0.062 | 0.32 | 0.10041 | 0 | 52,805,491 |
| Fairdesk Derivatives | XRP-USDT-PERP | 0.016 | -1.90 | 0.00930 | 0 | 31,330,885 |
| MyCoinStory | XRPUSDT_QUANTO_PERP | -0.281 | 0.00 | 0.18486 | 0 | 7,725,393 |
| Bit.com (Futures) | USD-M:XRP-USD-PERPETUAL | 0.593 | 0.14 | -0.00815 | 0 | 5,972,673 |
| GMO Japan (Futures) | XRP_JPY | 0.000 | 0.07 | 0.00000 | 0 | 5,104,480 |
| Toobit Derivatives | XRP-SWAP-USDT | 0.048 | 0.06 | 0.01000 | 0 | 4,913,051 |
| BIT (Futures) | USD-M:XRP-USD-PERPETUAL | -0.023 | 0.04 | 0.01000 | 0 | 4,364,734 |
| HBTC (Futures) | XRP-SWAP-USDT | -0.012 | 0.11 | -0.01304 | 0 | 2,388,540 |
| AQX (Derivatives) | XRP-USDT.PERP | -0.253 | 0.04 | 0.01000 | 0 | 1,486,882 |
| Delta Exchange | XRPUSDT | -0.373 | 0.02 | 0.19170 | 0 | 1,474,953 |
| Delta Exchange | XRPBTC | 0.518 | 0.62 | 0.01000 | 0 | 1,469,094 |
| HBTC (Futures) | XRP-SWAP | -0.063 | 0.01 | 0.02477 | 0 | 150,176 |
| Bitfinex (Futures) | XRPF0:BTCF0 | 0.050 | 0.20 | -0.00953 | 0 | 101,127 |
| BHEX (Futures) | XRP-SWAP-USDT | 0.021 | 0.15 | 0.01808 | 0 | 53,656 |
| Crypto.com (Futures) | XRPUSD-PERP | 0.000 | 0.18 | 0.00000 | 0 | 50,173 |
| BHEX (Futures) | XRP-SWAP | 0.012 | 0.02 | 0.02784 | 0 | 45,604 |
| MEXC Global (Futures) | XRP_MUSDT | -0.163 | 94.73 | 0.00000 | 0 | 42,862 |
| Flipster | XRP-USDT.PERP | 0.249 | 0.06 | 0.01000 | 0 | 33,181 |
| CoinFLEX (Futures) | XRP-USD-SWAP-LIN | 0.000 | 2.01 | 0.00000 | 0 | 6,784 |
| Bibox (Futures) | 4XRP_USDT | 0.000 | 0.03 | 0.00000 | 0 | 6,699 |
| Globe (Derivatives) | XRP-PERP | 0.407 | 0.21 | 0.00000 | 0 | 850 |
| MCS | XRPUSDT_QUANTO_PERP | -0.804 | 0.10 | 0.01000 | 0 | 98 |
| Opnx Derivatives | XRP-USDT-SWAP-LIN | -0.095 | 0.00 | -0.00002 | 0 | 37 |
Leveraging by Futures
Furthermore, future contracts can be used to leverage position.
At the moment however, there is not any future contract for XRP available.
Besides there are other derivatives which can be considered for the purpose of leveraging.
Indexes as partly correlated with XRP can be also considered for accelerating trades.
Positive correlation with XRP
Identifying long term correlated crypto assets can also serve as an alternative for leveraging. The alternative can come with more derivative choice and higher volumes.
| ADA | XLM | ONT | MIOTA | NEO | |
|---|---|---|---|---|---|
| XRP | 0.64 | 0.61 | 0.57 | 0.53 | 0.52 |
Check other correlations with XRP or use a custom form to check XRP changes in correlation coefficient with other token.