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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0184%/8h= −20.1% APRnext payment $0.23 per $10,000 · paid last 24h −0.055%
Price spread now: Hotstuff against Extended+0.035%7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.035% dearer against Extended than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XRP-USD1.52000.0104pay 0.0013% / 1h32m 21s$2.1M$7.3M50x
ShortHotstuff XRP-PERP1.5205−0.0080pay 0.0010% / 1h32m 21s$7K$2K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Extended. 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
−$38.64
Price spread: +0.035% → 0.000%
$3.45
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$45.19
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Extended: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago0.33 bp3.3 bp −$35.4 bp −$54doesn't fitdoesn'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 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX XRP/USD [ETH-USDC]L −0.0210% / S +0.0297%1h1.5207+0.050%$1.6M200xas long as short
Hotstuff XRP-PERPshort−0.0080%1h1.5205+0.035%$7K$2K20x
dYdX XRP-USD0.0000%1h1.5211+0.077%$1.1M$99K10xas long as short
Phoenix XRP0.0000%1h1.5250+0.331%$68K$89K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5214+0.094%$9.1M$24.1M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5208+0.056%$254K150xas long as short
Injective XRP/USDC PERP+0.0040%1h1.5290+0.594%$2K$86K30xas long as short
Orderly PERP_XRP_USDC+0.0046%8h1.5202+0.015%$177K$788K50xas long as short
Lighter XRP+0.0096%1h1.5209+0.060%$2.9M$11.4M20xas long as short
Lighter RH XRP+0.0096%1h1.5209+0.061%$441K$3.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5199−0.002%$1.0M$5.2M20xas long as short
Aster XRPUSDT+0.0100%8h1.5202+0.018%$38.6M$71.5M100xas long as short
Pacifica XRP+0.0100%1h1.5208+0.052%$662K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5208+0.054%$543.9M$1.84B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5207+0.048%$340.7M$834.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5205+0.035%$122.6M$825.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5192−0.051%$568K$40K5xas long as short
Arcus XRP-USD+0.0100%1h1.5207+0.048%$114K$646K20xas long as short
Bulk XRP-USD+0.0100%1h1.5260+0.399%$1.6M$350K20xas long as short
Gate XRP_USDT+0.0100%8h1.5201+0.008%$355.0M$129.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5200+0.002%$290.5M$802.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5199−0.004%$112.1M$147.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5198−0.012%$264.5M$338.4M125xas long as short
BingX XRP-USDC+0.0100%8h1.5204+0.028%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5254+0.357%$6.2M$24.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.5255+0.364%$662K$95.4M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5252+0.344%$1.1M$41.6M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5264+0.423%$1.0M$848K50xas long as short
Vest XRP-PERP+0.0100%1h1.5203+0.022%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5200+0.002%$50K$474K20xas long as short
Bullet XRP-USD+0.0100%1h1.5207+0.048%$42K$59K20xas long as short
Derive XRP-PERP+0.0100%1h1.5209+0.062%$819K$70K10xas long as short
SunX XRP-USDT+0.0100%8h1.5213+0.087%$128K$1.7M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5209+0.061%$28K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5209+0.060%$50.0M$14.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5207+0.048%$54.4M$28.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5207+0.050%$474K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5210+0.067%$12K$245K20xas long as short
Extended XRP-USDlong+0.0104%1h1.5200long leg$2.1M$7.3M50x
Aevo XRP-PERP+0.0104%1h1.5209+0.061%$71K$40K3xas long as short
Backpack XRP_USDC_PERP+0.0125%1h1.5213+0.087%$1.7M$923K25xas long as short
01 Exchange XRPUSD+0.0144%1h1.5203+0.021%$8K$8K10xas long as short
Kraken Futures PF_XRPUSD+0.0171%1h1.5208+0.052%$15.2M$63.3M50xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5217+0.113%$5.4M$43.2M50xas long as short
Reya XRPRUSDPERP+0.0210%1h1.5198−0.011%$1.3M$10K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5206+0.041%$23.7M$66.3M125xas long as short
Kalshi KXXRPPERP+0.0221%8h1.5241+0.271%$1.7M$31.6M2.9xas long as short
Hibachi XRP/USDT-P+0.0248%1h1.5216+0.106%$19K$55K7xas long as short
RISEx XRP/USDC+0.0431%1h1.5208+0.053%$403K$496K10xas long as short
Hyperliquid XRP+0.0444%1h1.5218+0.120%$279.0M$180.3M20xas long as short
Aftermath Perps XRPUSD+0.0550%1h1.5235+0.230%$1K$10K10xas long as short