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 0.022 0.06 0.00000 527,469,295 11,150,022
Bitrue (Futures) XRP-USDT 0.130 0.02 -0.01510 281,713,037 473,409,588
Binance (Futures) XRPUSDT 0.113 0.02 -0.01472 170,590,854 1,377,714,618
FTX (Derivatives) XRP-PERP 0.019 0.02 -0.04800 72,702,664 160,491,922
Bybit (Futures) XRPUSDT 0.043 0.02 0.01000 72,028,655 353,115,627
Bybit (Futures) XRPUSD 0.065 0.02 0.01000 47,282,689 101,647,907
Bybit XRPUSD 0.089 0.03 -0.07580 46,632,043 75,195,130
BingX (Futures) XRP-USDT 0.000 0.22 -0.01520 41,732,497 131,842,344
Bybit XRPUSDT 0.059 0.03 -0.04920 36,833,865 75,852,151
ZBG Futures XRP_USDT -0.065 0.19 0.01000 23,028,715 4,646,661
Gate.io (Futures) XRP_USDT -0.022 20.00 -0.00960 19,793,023 17,535,733
Binance (Futures) XRPUSD_PERP 0.120 0.02 0.00120 17,715,990 77,162,506
AAX Futures XRPUSDTFP -0.110 0.27 0.03424 15,079,092 21,215,681
BTCC Futures XRPUSDT 0.115 0.08 0.00000 14,382,323 32,347,367
Bitget Futures CMT_XRPUSDT -0.026 0.07 -0.00459 11,812,686 50,683,965
MEXC Global (Futures) XRP_USDT 0.043 0.02 -0.00970 11,551,646 52,706,481
Prime XBT XRP/USD 0.000 0.22 0.00000 10,950,100 253,271
OKEx (Futures) XRP-USDT-SWAP -0.017 0.05 -0.01923 9,264,748 56,737,392
Prime XBT XRP/BTC 0.000 4.17 0.00000 7,269,700 1,152
Phemex (Futures) XRPUSD 0.000 0.02 0.01000 6,824,241 240,139,252
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
Crypto.com Exchange (Futures) XRPUSD-PERP 0.080 0.08 -0.00180 5,414,104 5,414,104
Huobi Futures XRP-USDT 0.090 2.13 -0.01471 5,040,069 16,051,611
BitMEX XRPUSD -0.119 0.02 0.01000 4,437,237 3,161,817
Hopex XRPUSDT -0.043 0.00 0.00000 3,467,943 51,181,278
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
Huobi Futures XRP-USD 0.101 2.13 0.01000 2,314,300 3,083,370
Binance (Futures) XRPBUSD 0.149 0.02 -0.02199 1,541,246 186,499,780
Bitforex (Futures) SWAP-USD-XRP 0.299 0.22 -0.01745 1,366,269 62,868,888
Bitfinex (Futures) XRPF0:USTF0 -0.023 0.05 0.00000 1,291,020 3,976,294
Kraken (Futures) PI_XRPUSD -0.151 0.09 -28.76879 1,126,647 3,985,252
Bitget Futures XRPUSD 0.000 0.06 -0.09975 1,093,603 2,391,539
CoinEx (Futures) XRP-USDT 0.022 0.09 0.03278 1,039,883 8,871,558
Deribit XRP_USDC-PERPETUAL -0.022 0.04 -0.00854 568,396 1,071,853
BitZ (Futures) XRP_USDT 0.000 0.23 0.00000 338,754 1,975,274
AscendEX (BitMax) (Futures) XRP-PERP 0.056 0.00 -0.00016 312,947 262,433
WOO Network (Futures) PERP_XRP_USDT 0.011 0.06 -0.00068 159,967 1,568,443
MEXC Global (Futures) XRP_USD 0.043 0.04 0.01130 115,173 44,804,049
BaseFEX XRPXBT 1.353 3.07 0.01000 97,774 975,600
CoinFLEX (Futures) XRP-USD-SWAP-LIN -0.022 0.93 0.00000 75,363 1,249
ZB (Derivatives) XRP_USDT -0.052 0.16 0.01000 36,026 37,576,537
Gate.io (Futures) XRP_USD 7.296 33.33 0.01000 9,565 17
Bit.com (Futures) XRP-USDT-PERPETUAL -0.026 0.38 0.00000 364 11,472,860
MXC (Futures) XRP_USD -0.067 0.47 -0.04430 0 1,268,353,797
BTCEX (Futures) XRP-USDT-PERPETUAL 0.043 0.02 -0.01480 0 1,244,300,332
CoinTiger (Futures) XRPUSDT 0.069 0.02 -0.01506 0 415,647,274
Deepcoin (Derivatives) XRPUSDT 0.076 0.05 0.01934 0 172,275,058
Biki (Futures) 8 -0.062 0.32 0.10041 0 52,805,491
GMO Japan (Futures) XRP_JPY 0.000 0.01 0.00000 0 17,873,840
Stormgain Futures XRP-PERPUSDT 0.000 0.09 0.00400 0 9,894,854
Deepcoin (Derivatives) XRPUSD 0.040 0.17 0.01981 0 9,357,443
MyCoinStory XRPUSDT_QUANTO_PERP -0.281 0.00 0.18486 0 7,725,393
HBTC (Futures) XRP-SWAP-USDT -0.012 0.11 -0.01304 0 2,388,540
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
BTSE (Futures) XRPPFC 0.024 0.26 0.00000 0 1,183,824
Bitfinex (Futures) XRPF0:BTCF0 0.000 0.13 -0.00201 0 876,977
HitBTC (Derivatives) XRPUSDT_PERP 0.000 0.04 0.01000 0 222,156
HBTC (Futures) XRP-SWAP -0.063 0.01 0.02477 0 150,176
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
Bibox (Futures) 4XRP_USDT 0.000 0.02 0.00000 0 16,965
MCS XRPUSDT_QUANTO_PERP -0.804 0.10 0.01000 0 98
Drift Protocol XRP-PERP 0.000 0.00 0.06224 0 0

Leveraging by Futures

Furthermore, future contracts can be used to leverage position.

Exchange Symbol Premium (-)
Discount (+)
Spread Open Intrest 24h Volume Expiry Date
BTCC Futures XRP-QUARTERLY 0.113 0.08 29,483,124 66,313,538 31/3/2023
BTCC Futures XRP-WEEKLY 0.115 0.08 19,272,313 43,345,472 7/10/2022
OKX (Futures) XRP-USDT-221230 0.267 0.05 23,061 13,177,248 30/12/2022
OKX (Futures) XRP-USD-221230 0.352 0.05 2,473,660 11,072,205 30/12/2022
OKX (Futures) XRP-USDT-221007 0.122 0.04 4,065 7,638,210 7/10/2022
OKX (Futures) XRP-USDT-230331 -0.032 0.06 6,717 6,408,004 31/3/2023
OKX (Futures) XRP-USD-221007 0.030 0.05 432,840 6,217,867 7/10/2022
OKX (Futures) XRP-USD-230331 0.011 0.10 664,370 5,618,359 31/3/2023
OKX (Futures) XRP-USDT-221014 0.206 0.07 12,077 4,810,766 14/10/2022
OKX (Futures) XRP-USD-221014 0.143 0.06 417,970 3,794,379 14/10/2022
Binance (Futures) XRPUSD_221230 0.470 0.02 1,084,580 3,384,001 30/12/2022
Huobi Futures XRP_CW 0.109 2.13 199,880 2,180,395 7/10/2022
Binance (Futures) XRPUSD_230331 0.187 0.07 294,780 1,565,308 31/3/2023
Huobi Futures XRP_NW 0.243 2.04 220,970 1,419,933 7/10/2022
FTX (Derivatives) XRP-1230 0.409 0.09 1,339,081 912,706 30/12/2022
Huobi Futures XRP_NW 0.348 2.13 204,320 871,224 14/10/2022

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 ONT XLM MIOTA NEO
XRP 0.63 0.59 0.59 0.54 0.53

Check other correlations with XRP or use a custom form to check XRP changes in correlation coefficient with other token.