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 | -0.043 | 0.02 | 0.01000 | 195,661,601 | 492,112,754 |
| Bybit (Futures) | XRPUSDT | -0.083 | 0.02 | 0.01000 | 153,399,278 | 176,933,435 |
| Bitrue (Futures) | XRP-USDT | 0.249 | 0.02 | 0.01028 | 151,417,832 | 298,147,033 |
| BingX (Futures) | XRP-USDT | 0.066 | 0.02 | 0.01000 | 55,361,989 | 102,617,434 |
| Blofin | XRP-USDT | 0.000 | 0.05 | 0.00650 | 54,283,836 | 90,554,967 |
| Bybit (Futures) | XRPUSD | -0.116 | 0.02 | 0.01620 | 51,060,247 | 35,154,834 |
| Bybit | XRPUSD | 0.089 | 0.03 | -0.07580 | 46,632,043 | 75,195,130 |
| MEXC (Futures) | XRP_USDT | 0.050 | 0.02 | 0.01000 | 39,681,246 | 62,786,619 |
| Bybit | XRPUSDT | 0.059 | 0.03 | -0.04920 | 36,833,865 | 75,852,151 |
| WhiteBIT Futures | XRP_PERP | 0.114 | 0.18 | 0.01000 | 30,394,787 | 18,399,710 |
| Phemex (Futures) | XRP-PERPUSD | 0.066 | 0.02 | 0.01000 | 30,186,039 | 12,552,222 |
| FTX (Derivatives) | XRP-PERP | 1.660 | 0.61 | -2.94000 | 29,204,183 | 206,317,908 |
| Binance (Futures) | XRPUSD_PERP | -0.083 | 0.02 | 0.01076 | 27,432,100 | 53,610,446 |
| ZBG Futures | XRP_USDT | -0.065 | 0.19 | 0.01000 | 23,028,715 | 4,646,661 |
| Prime XBT | XRP/USD | 0.000 | 1.64 | 0.00000 | 22,113,900 | 121,244 |
| Coincatch Derivatives | XRPUSDT_UMCBL | 0.044 | 0.02 | 0.01080 | 21,070,074 | 686,364 |
| MEXC Global (Futures) | XRP_USDT | 0.057 | 0.02 | 0.01090 | 18,759,833 | 91,258,202 |
| Phemex (Futures) | XRP-PERPUSDT | 0.081 | 0.02 | 0.01000 | 14,366,796 | 60,059,749 |
| CoinTR Pro (Derivatives) | XRPUSDT | 0.000 | 0.00 | 0.01000 | 13,972,494 | 206,062,276 |
| 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 |
| Coincatch Derivatives | XRPUSD_DMCBL | 0.035 | 0.16 | 0.05000 | 11,021,148 | 861,768 |
| Hopex | XRPUSDT | 0.049 | 0.00 | 0.00000 | 10,815,018 | 33,104,115 |
| Prime XBT | XRP/BTC | 0.000 | 5.88 | 0.00000 | 10,391,300 | 10,861 |
| OKEx (Futures) | XRP-USDT-SWAP | -0.017 | 0.05 | -0.01923 | 9,264,748 | 56,737,392 |
| XT.COM (Derivatives) | XRP_USDT | -0.149 | 0.02 | 0.12490 | 8,623,718 | 118,730,114 |
| BitZ (Futures) | 104 | 0.016 | 0.17 | 0.00000 | 6,801,657 | 107,361,215 |
| OrangeX Futures | XRP-USDT-PERPETUAL | 0.050 | 0.00 | 0.05320 | 6,582,167 | 18,790,116 |
| OKEx (Futures) | XRP-USD-SWAP | 0.081 | 0.06 | -0.02160 | 6,399,920 | 30,361,988 |
| Gate.io (Futures) | XRP_USDT | 0.033 | 14.29 | 0.01000 | 6,293,900 | 10,846,203 |
| Phemex (Futures) | XRPUSD | 0.078 | 0.02 | 0.01000 | 6,116,496 | 212,220,030 |
| Bitforex (Futures) | SWAP-USD-XRP | -0.126 | 0.17 | 0.01656 | 5,853,136 | 29,021,265 |
| 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 |
| BTSE (Futures) | XRPPFC | 0.039 | 0.09 | 0.00000 | 3,326,134 | 2,147,451 |
| HTX Futures | XRP-USDT | -0.066 | 1.64 | 0.05217 | 2,828,393 | 7,726,327 |
| 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 |
| Bitfinex (Futures) | XRPF0:USTF0 | -0.108 | 0.02 | 0.07023 | 2,242,343 | 824,261 |
| Toobit Futures | XRP-SWAP-USDT | -0.047 | 0.03 | 0.02102 | 1,432,202 | 5,584,201 |
| ApeX Pro | XRPUSDC | -0.083 | 0.02 | 0.00439 | 1,431,891 | 711,996 |
| Huobi Futures | XRP-USDT | 0.018 | 2.04 | 0.01000 | 1,431,426 | 12,163,910 |
| Bitget Futures | XRPUSD | 0.000 | 0.06 | -0.09975 | 1,093,603 | 2,391,539 |
| CoinEx (Futures) | XRP-USDT | -0.033 | 0.02 | 0.00000 | 1,026,411 | 3,595,545 |
| Kraken (Futures) | PI_XRPUSD | -0.144 | 0.03 | 0.00747 | 1,023,470 | 1,112,129 |
| BTSE (Futures) | XRP-PERP | 0.171 | 0.14 | 0.00981 | 972,972 | 6,646,322 |
| Stormgain Futures | XRP-PERPUSDT | 0.000 | 0.09 | 0.00400 | 876,093 | 914,633 |
| RabbitX | XRP-USD | 0.017 | 0.02 | 0.00306 | 872,727 | 7,867,111 |
| Aevo | XRP-PERP | 0.000 | 0.08 | 0.00040 | 831,369 | 770,312 |
| Binance (Futures) | XRPBUSD | -0.032 | 0.02 | 0.01000 | 442,971 | 4,303,950 |
| BitZ (Futures) | XRP_USDT | 0.000 | 0.23 | 0.00000 | 338,754 | 1,975,274 |
| Deribit | XRP_USDC-PERPETUAL | -0.033 | 0.07 | 0.05886 | 330,074 | 382,744 |
| MEXC (Futures) | XRP_USD | -0.066 | 0.02 | 0.01080 | 318,134 | 7,003,013 |
| WOO X (Futures) | PERP_XRP_USDT | 0.003 | 0.05 | 0.00764 | 265,089 | 1,682,083 |
| HTX Futures | XRP-USD | -0.122 | 1.64 | 0.01000 | 251,970 | 4,441,377 |
| 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 | -0.066 | 0.00 | 0.00900 | 153,083 | 6,294,041 |
| Helix (Futures) | XRP/USDT PERP | 0.282 | 0.10 | 0.00040 | 141,834 | 106,982 |
| XT.COM (Derivatives) | XRP_USD | -0.050 | 0.02 | 0.02620 | 102,660 | 5,389,410 |
| 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 | 0.027 | 0.06 | -0.00655 | 94,052 | 29,575 |
| Hyperliquid | XRP-USD | 0.015 | 0.01 | 0.00125 | 79,981 | 227,129 |
| HitBTC (Derivatives) | XRPUSDT_PERP | -0.166 | 0.05 | 0.02500 | 62,144 | 3,115,810 |
| Kwenta Derivatives | XRP_SUSD | 0.000 | 0.00 | 0.30898 | 51,113 | 84,470 |
| MUFEX | XRPUSDT | -0.099 | 0.07 | 0.01000 | 48,118 | 17,656,779 |
| ZB (Derivatives) | XRP_USDT | -0.052 | 0.16 | 0.01000 | 36,026 | 37,576,537 |
| Drift Protocol | XRP-PERP | 0.000 | 0.00 | 0.00284 | 22,413 | 4,232 |
| Opnx Derivatives | XRP-OUSD-SWAP-LIN | 0.099 | 0.00 | -0.00003 | 12,620 | 6 |
| 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 |
| Bitunix Futures | XRP_USDT | 0.000 | 0.02 | 0.01300 | 0 | 240,703,759 |
| 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 |
| BitVenus Futures | XRP-SWAP-USDT | -0.016 | 0.18 | -0.00410 | 0 | 126,987,010 |
| 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 |
| BitMake Futures | XRPUSDT | 0.000 | 0.02 | 0.00000 | 0 | 10,579,926 |
| 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.
| Exchange | Symbol | Premium (-) Discount (+) |
Spread | Open Intrest | 24h Volume | Expiry Date |
|---|---|---|---|---|---|---|
| Binance (Futures) | XRPUSD_231229 | -1.595 | 0.02 | 866,580 | 500,495 | 29/12/2023 |
| OKX (Futures) | XRP-USDT-231229 | -1.728 | 0.12 | 6,928 | 28,008 | 29/12/2023 |
| OKX (Futures) | XRP-USD-231229 | -1.732 | 0.18 | 1,580,620 | 16,209 | 29/12/2023 |
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 | 0.54 | 0.52 |
Check other correlations with XRP or use a custom form to check XRP changes in correlation coefficient with other token.