Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against Bitget−0.099%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.099% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XRPUSDT	1.5209	0.0100	pay 0.0100% / 8h	2h 38m	$264.6M	$338.0M	125x
Short	Hotstuff XRP-PERP	1.5194	−0.0080	pay 0.0010% / 1h	38m 19s	$7K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee HotstuffbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$37.8
Price spread: −0.099% → 0.000%: −$9.86
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$64.66
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 6 min ago; Hotstuff: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 6 min ago	0.33 bp	6.6 bp −$7	9.2 bp −$92	21.5 bp −$2,146	32.0 bp −$16.0K
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX XRP/USD [ETH-USDC]	L −0.0211% / S +0.0297%	1h	1.5233	+0.158%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERPshort	−0.0080%	1h	1.5194	−0.099%	$7K	$2K	20x
dYdX XRP-USD	0.0000%	1h	1.5214	+0.034%	$1.1M	$100K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5270	+0.401%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5196	−0.085%	$9.2M	$23.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5236	+0.175%	$255K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.533%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5237	+0.184%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5189	−0.130%	$2.9M	$11.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5191	−0.118%	$441K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5203	−0.039%	$1.1M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5210	+0.008%	$38.7M	$71.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5213	+0.023%	$662K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5232	+0.151%	$544.5M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5241	+0.210%	$341.6M	$834.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5239	+0.197%	$122.5M	$826.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5181	−0.184%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5216	+0.046%	$114K	$645K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5260	+0.338%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5229	+0.132%	$355.4M	$129.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5226	+0.112%	$292.3M	$798.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5212	+0.021%	$111.5M	$146.4M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5209	long leg	$264.6M	$338.0M	125x
BingX XRP-USDC	+0.0100%	8h	1.5231	+0.145%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5263	+0.352%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5261	+0.345%	$663K	$95.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5246	+0.246%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.362%	$1.0M	$842K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5210	+0.008%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5211	+0.013%	$53K	$463K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5225	+0.107%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5208	−0.009%	$819K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5213	+0.027%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5181	−0.184%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5184	−0.164%	$50.0M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5191	−0.118%	$54.3M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5212	+0.023%	$474K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5219	+0.066%	$12K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5238	+0.190%	$2.1M	$7.3M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5240	+0.206%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0107%	1h	1.5198	−0.072%	$1.7M	$921K	25x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5212	+0.020%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0172%	1h	1.5174	−0.231%	$15.3M	$63.0M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5185	−0.158%	$5.4M	$42.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5212	+0.022%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5195	−0.092%	$23.7M	$65.8M	125x	as long as short
Kalshi KXXRPPERP	+0.0223%	8h	1.5203	−0.039%	$1.7M	$31.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5256	+0.307%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5217	+0.055%	$403K	$498K	10x	as long as short
Hyperliquid XRP	+0.0440%	1h	1.5230	+0.138%	$279.3M	$179.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0514%	1h	1.5232	+0.151%	$1K	$10K	10x	as long as short