Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0192%/8h= −21.0% APRnext payment $0.24 per $10,000 · paid last 24h −0.084%
Price spread now: Hotstuff against Coinbase International+0.117%79s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.117% dearer against Coinbase International than usual: you sell high and buy low (spread +0.117% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.0 days. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International XRP-PERP-INTX1.53850.0112pay 0.0014% / 1h57m 44s$5.5M$44.9M50x
ShortHotstuff XRP-PERP1.5403−0.0080pay 0.0010% / 1h57m 44s$5K$4K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Coinbase International. 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

Funding earned
−$40.32
Price spread: +0.117% → 0.000%
$11.7
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$43.62
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 4 min ago0.32 bp7.7 bp −$811.3 bp −$11330.9 bp −$3,091doesn't fit
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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERPshort−0.0080%1h1.5403+0.117%$5K$4K20x
Kraken Futures PF_XRPUSD−0.0062%1h1.5382−0.019%$14.1M$72.0M50xas long as short
SoDEX XRP-USD−0.0027%1h1.5382−0.019%$30K$1.5M10xas long as short
dYdX XRP-USD0.0000%1h1.5419+0.220%$1.1M$155K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5386+0.006%$7.9M$21.7M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5387+0.013%$246K150xas long as short
Ondo Perps XRP-USD.P+0.0006%1h1.5389+0.026%$565K$37K5xas long as short
01 Exchange XRPUSD+0.0016%1h1.5392+0.045%$9K$98710xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.137%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5377−0.052%$2.8M$14.0M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5382−0.019%$605K$3.1M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5392+0.045%$480K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5386+0.006%$9K$400K20xas long as short
Nado XRP-PERP+0.0100%1h1.5394+0.062%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5390+0.032%$300.0M$267.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5377−0.052%$39.3M$81.8M100xas long as short
Pacifica XRP+0.0100%1h1.5404+0.123%$596K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5376−0.058%$536.2M$2.09B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5379−0.039%$364.7M$893.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5375−0.065%$125.0M$841.7M100xas long as short
Arcus XRP-USD+0.0100%1h1.5399+0.091%$165K$684K20xas long as short
Gate XRP_USDT+0.0100%8h1.5379−0.039%$383.4M$155.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5376−0.058%$310.0M$885.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5378−0.045%$106.9M$181.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5378−0.045%$272.8M$358.4M125xas long as short
BingX XRP-USDC+0.0100%8h1.5374−0.071%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5390+0.032%$5.0M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5392+0.048%$669K$110.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5425+0.259%$1.1M$31.1M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5405+0.130%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5392+0.048%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.53850.000%$53K$476K20xas long as short
Bullet XRP-USD+0.0100%1h1.5384−0.004%$42K$65K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5384−0.006%$84K$613K50xas long as short
SunX XRP-USDT+0.0100%8h1.5384−0.006%$129K$1.5M30xas long as short
HTX XRP-USDT+0.0100%8h1.5378−0.046%$50.1M$14.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5384−0.006%$54.8M$33.3M50xas long as short
Bulk XRP-USD+0.0100%1h1.5369−0.103%$1.6M$25K20xas long as short
Extended XRP-USD+0.0104%1h1.5373−0.075%$2.2M$6.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5377−0.052%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTXlong+0.0112%1h1.5385long leg$5.5M$44.9M50x
Hibachi XRP/USDT-P+0.0120%1h1.5403+0.119%$17K$76K7xas long as short
Backpack XRP_USDC_PERP+0.0120%1h1.5390+0.032%$2.0M$1.2M25xas long as short
Kalshi KXXRPPERP+0.0142%8h1.5400+0.097%$1.9M$34.8M2.9xas long as short
GMX XRP/USD [ETH-USDC]L +0.0168% / S −0.0366%1h1.5401+0.105%$610K200xas long as short
BloFin XRP-USDT+0.0220%8h1.5399+0.091%$23.9M$78.9M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5377−0.053%$1.4M$1K15xas long as short
RISEx XRP/USDC+0.0239%1h1.5391+0.041%$514K$777K10xas long as short
Aftermath Perps XRPUSD+0.0433%1h1.5404+0.122%$3K$14K10xas long as short
Phoenix XRP+0.0516%1h1.5410+0.162%$69K$108K15xas long as short