Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against Bybit−0.007%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5185	0.0100	pay 0.0100% / 8h	6h 27m	$342.5M	$939.8M	100x
Short	Hotstuff XRP-PERP	1.5184	−0.0080	pay 0.0010% / 1h	27m 07s	$5K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bybit. 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 BybitbpFee HotstuffbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$37.8
Price spread: −0.007% → 0.000%: −$0.66
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$54.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.33 bp	6.0 bp −$6	7.3 bp −$73	12.7 bp −$1,274	25.4 bp −$12.7K
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 50 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
Hotstuff XRP-PERPshort	−0.0080%	1h	1.5184	−0.007%	$5K	$3K	20x
dYdX XRP-USD	0.0000%	1h	1.5177	−0.050%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	−0.165%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5184	−0.007%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0060%	1h	1.5184	−0.009%	$804K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.470%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5184	−0.009%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5189	+0.026%	$62K	$953K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5185	0.000%	$2.8M	$14.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5184	−0.007%	$517K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5173	−0.079%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5188	+0.022%	$890K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5189	+0.026%	$38.7M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5189	+0.026%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5186	+0.008%	$538.6M	$2.10B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5185	long leg	$342.5M	$939.8M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5187	+0.013%	$124.6M	$873.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.072%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5186	+0.007%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5101	−0.553%	$1.6M	$307K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5182	−0.020%	$369.5M	$152.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5176	−0.059%	$291.2M	$911.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5187	+0.012%	$107.2M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5183	−0.013%	$266.1M	$383.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5184	−0.007%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5152	−0.216%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5164	−0.138%	$658K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5164	−0.138%	$1.1M	$38.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5179	−0.040%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5187	+0.016%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5191	+0.040%	$44K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5189	+0.026%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5191	+0.038%	$817K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5187	+0.013%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	−0.007%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5186	+0.005%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5178	−0.046%	$54.0M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5188	+0.019%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5186	+0.004%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5185	+0.002%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5190	+0.033%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0211%	1h	1.5190	+0.033%	$7.7M	$25.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5188	+0.020%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5193	+0.053%	$5.7M	$46.8M	50x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5194	+0.059%	$281.1M	$223.4M	20x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5174	−0.070%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0355%	8h	1.5191	+0.040%	$2.1M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0364%	1h	1.5194	+0.059%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5192	+0.045%	$538K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0757%	1h	1.5159	−0.172%	$2K	$14K	10x	as long as short