XRP Futures Term Structure
Every XRP dated futures contract on Binance and Bybit: days to expiry, mark and index price, basis (mark / index − 1) and annualized basis (basis × 365 / days), plotted as XRP's term structure curve with the perpetual funding rate as the 0-day point. Live from the exchanges' public APIs, refreshed every minute.
Next XRP quarterly expiry: Fri 25 Dec 2026 08:00 UTC (42 days), Binance XRPUSD_261225, Bybit XRPUSDT-25DEC26.
Next XRP non-quarterly dated (weekly) expiry: Fri 13 Nov 2026 08:00 UTC (0.1 days), Bybit XRPUSDT-13NOV26; near expiry (under 2 days).
XRP's futures curve is in contango: annualized basis runs from +1.53% on Bybit XRPUSDT-27NOV26 (27 Nov 2026, 14 days) to +5.27% on Bybit XRPUSDT-25DEC26 (25 Dec 2026, 42 days). The best cash-and-carry right now is Bybit XRPUSDT-25DEC26 (25 Dec 2026, 42 days): buy spot, sell that future and hold to expiry for about +5.27% a year (+0.607% over 42 days), before fees and the cost of funding the spot leg. Perpetual funding, the 0-day point, runs at +3.89% APR on Binance and -12.10% APR on Bybit. 1 contract is under 2 days from expiry and flagged: annualizing a few hours of basis gives huge, meaningless numbers.
Compare adjacent BTC and ETH expiry marks on the futures calendar spreads and roll cost monitor.
Read the guide to futures curves, calendar spreads and annualised basis.
XRP futures curve
annualized basis by days to expiry · contracts under 2 days left out- Binance Coin-margined
- Bybit USDⓈ-margined
- Perp funding APR (0 days)
XRP quarterly annualized basis history
Hourly · front and next quarterly contract · rolls markedLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Every XRP dated contract
nearest expiry first| Contract | Exchange | Margin | Expiry (UTC) | Days | Mark | Index | Basis | Annualized | Open interest | 24h volume |
|---|---|---|---|---|---|---|---|---|---|---|
| XRPUSDT perp | Binance | USDⓈ | no expiry | 0 | — | — | — | +3.89% funding APR | — | — |
| XRPUSDT perp | Bybit | USDⓈ | no expiry | 0 | — | — | — | -12.10% funding APR | — | — |
| XRPUSDT-13NOV26 weekly | Bybit | USDⓈ | 13 Nov 2026 Calendar | 0.1 | 1.021 | 1.022 | -0.078% | -510.40% near expiry | $98K | $243 |
| XRPUSDT-20NOV26 weekly | Bybit | USDⓈ | 20 Nov 2026 Calendar | 7.1 | 1.022 | 1.022 | +0.039% | +2.03% | $14K | $293 |
| XRPUSDT-27NOV26 monthly | Bybit | USDⓈ | 27 Nov 2026 Calendar | 14 | 1.022 | 1.022 | +0.059% | +1.53% | $90K | $20K |
| XRPUSD_261225 quarterly | Binance | Coin | 25 Dec 2026 Calendar | 42 | 1.026 | 1.021 | +0.516% | +4.48% | $772K | $203K |
| XRPUSDT-25DEC26 quarterly | Bybit | USDⓈ | 25 Dec 2026 Calendar | 42 | 1.028 | 1.022 | +0.607% | +5.27% | $515K | $490K |
| XRPUSD_270326 quarterly | Binance | Coin | 26 Mar 2027 Calendar | 133 | 1.035 | 1.021 | +1.361% | +3.73% | $241K | $163K |
The history compares quarterly basis with open-interest-weighted perpetual funding on Binance and Bybit USDT perps. Funding is the quoted rate annualized (rate × 8760 / funding interval in hours), not settled payments. Missing funding breaks the line.
How to read it. Basis is the contract's mark price over its exchange's index price, minus one; annualized scales it to a yearly rate, basis × 365 / days to expiry (simple, not compounded). Above zero the future trades at a premium (contango) and selling it against spot earns roughly that yield to expiry, before fees and the cost of funding the spot leg (a cash-and-carry). Below zero it trades at a discount (backwardation). The perp rows give the perpetual funding rate as an APR, the curve's 0-day point. Contracts under 2 days from expiry are flagged: annualizing a few hours of premium gives huge, meaningless numbers.
Compare every coin on the futures term structure table, the live XRP perp-vs-spot basis or XRP price, funding and open interest. Live from Binance's and Bybit's public APIs, refreshed every minute while the page is viewed, and recorded once an hour for the history chart. Not financial advice.
XRP term structure FAQ
When do XRP quarterly futures expire on Binance and Bybit?
Binance and Bybit quarterly futures usually expire on the last Friday of March, June, September and December, with delivery at 08:00 UTC on the expiry date. This is the usual schedule; the listed contract's delivery timestamp determines its actual expiry. Next XRP quarterly expiry: Fri 25 Dec 2026 08:00 UTC (42 days), Binance XRPUSD_261225. Next XRP quarterly expiry: Fri 25 Dec 2026 08:00 UTC (42 days), Bybit XRPUSDT-25DEC26. Next XRP non-quarterly dated (weekly) expiry: Fri 13 Nov 2026 08:00 UTC (0.1 days), Bybit XRPUSDT-13NOV26; near expiry (under 2 days).
Is XRP's futures curve in contango or backwardation?
The summary at the top says which, from the live prices: contango when every XRP dated contract trades above its index, backwardation when every one trades below, mixed otherwise. Contracts under 2 days from expiry are left out of that call.
What is the XRP cash-and-carry yield?
Buying XRP spot and selling a dated future locks in the future's premium over the index at expiry. The annualized basis column is that premium as a simple yearly rate; fees and the cost of funding the spot leg come out of it. Nothing here is financial advice.
Why do Binance and Bybit show different basis for the same expiry?
Each contract is compared with its own exchange's index price, and coin-margined (inverse) contracts are quoted and settled differently from USDⓈ-margined ones, so the same expiry can trade a few basis points apart. The gap is usually small; a large one can be an arbitrage or a thin order book.