Funding you earn now, next payment 09:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.025%
Price spread now: Hotstuff against gTrade (Gains Network)−0.030%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.030% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XRP/USD | 1.5233 | L +0.0003% / S −0.0004% | pay 0.0000% / 1h | 50m 16s | $247K | — | 150x |
| Short | Hotstuff XRP-PERP | 1.5228 | −0.0080 | pay 0.0010% / 1h | 50m 16s | $5K | $3K | 20x |
gTrade (Gains Network) XRP/USD
Hotstuff XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.5
- Price spread: −0.030% → 0.000%
- −$3.02
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$35.52
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 49 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 gTrade (Gains Network) virtual book (oracle venue), 49 min ago | 130.05 bp | 135.1 bp −$135 | 208.0 bp −$2,080 | 1906.1 bp −$190.6K | 9819.7 bp −$4.91M |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XRPUSD | −0.0171% | 1h | 1.5206 | −0.173% | $14.8M | $76.0M | 50x | as long as short |
| Hotstuff XRP-PERPshort | −0.0080% | 1h | 1.5228 | −0.030% | $5K | $3K | 20x | |
| dYdX XRP-USD | 0.0000% | 1h | 1.5226 | −0.042% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5200 | −0.214% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5208 | −0.161% | $7.7M | $23.9M | 50x | as long as short |
| gTrade (Gains Network) XRP/USDlong | L +0.0003% / S −0.0004% | 1h | 1.5233 | long leg | $247K | — | 150x | |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.149% | $2K | $107K | 30x | as long as short |
| Phemex XRPUSDT | +0.0035% | 8h | 1.5205 | −0.181% | $54.3M | $32.6M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0072% | 1h | 1.5233 | 0.000% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5204 | −0.185% | $2.8M | $14.5M | 20x | as long as short |
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Phemex XRPUSDT
Hibachi XRP/USDT-P
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5209 | −0.155% | $607K | $3.1M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5217 | −0.102% | $20K | $382K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5225 | −0.052% | $999K | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5205 | −0.182% | $38.5M | $85.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5231 | −0.011% | $613K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5204 | −0.188% | $530.0M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5201 | −0.207% | $352.8M | $946.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5201 | −0.207% | $126.9M | $860.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5207 | −0.168% | $566K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5231 | −0.011% | $143K | $713K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | −0.283% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5212 | −0.135% | $379.3M | $151.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5205 | −0.181% | $313.9M | $912.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5208 | −0.161% | $106.5M | $183.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5200 | −0.214% | $269.6M | $385.1M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5212 | −0.135% | — | $108.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5226 | −0.043% | $4.8M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5214 | −0.121% | $661K | $112.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5218 | −0.096% | $1.1M | $33.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5223 | −0.063% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5226 | −0.046% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5221 | −0.076% | $52K | $514K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5213 | −0.131% | $41K | $68K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5210 | −0.148% | $78K | $689K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5206 | −0.172% | $818K | $77K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5209 | −0.153% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5204 | −0.188% | $28K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5231 | −0.011% | $49.7M | $15.2M | 75x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5230 | −0.014% | $475K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5199 | −0.220% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5204 | −0.185% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0114% / S −0.0077% | 1h | 1.5209 | −0.156% | $788K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0144% | 1h | 1.5228 | −0.030% | $9K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5210 | −0.148% | $5.6M | $48.0M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0169% | 8h | 1.5229 | −0.024% | $1.7M | $33.5M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0210% | 1h | 1.5230 | −0.018% | $290.9M | $267.7M | 20x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5233 | +0.003% | $23.7M | $78.0M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0221% | 1h | 1.5211 | −0.140% | $1.3M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERP | +0.0275% | 1h | 1.5241 | +0.055% | $2.0M | $1.4M | 25x | as long as short |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5230 | −0.016% | $523K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0537% | 1h | 1.5212 | −0.133% | $3K | $16K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Hyperliquid XRP
BloFin XRP-USDT
Reya XRPRUSDPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD