Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against Gate−0.112%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Hotstuff

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 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 0.112% cheaper against Gate than usual: you would sell low and buy high (−$11 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	Gate XRP_USDT	1.5228	0.0100	pay 0.0100% / 8h	3h 32m	$372.8M	$154.8M	100x
Short	Hotstuff XRP-PERP	1.5211	−0.0080	pay 0.0010% / 1h	32m 27s	$5K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Gate. 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 GatebpFee HotstuffbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$37.8
Price spread: −0.112% → 0.000%: −$11.16
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$68.96
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Gate: 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 Gate live order book, 2 min ago	0.33 bp	11.2 bp −$11	14.6 bp −$146	27.9 bp −$2,794	38.8 bp −$19.4K
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
Hotstuff XRP-PERPshort	−0.0080%	1h	1.5211	−0.112%	$5K	$3K	20x
dYdX XRP-USD	0.0000%	1h	1.5232	+0.029%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5228	−0.001%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5216	−0.079%	$7.8M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5212	−0.105%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.180%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0053% / S +0.0011%	1h	1.5227	−0.007%	$807K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5237	+0.060%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5240	+0.079%	$499K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5231	+0.020%	$13K	$341K	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	1.5234	+0.043%	$1.0M	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5229	+0.004%	$38.5M	$85.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5233	+0.033%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5228	−0.002%	$536.5M	$2.15B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5230	+0.013%	$347.9M	$942.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5228	0.000%	$127.4M	$888.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5212	−0.105%	$566K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5232	+0.026%	$134K	$704K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5212	−0.105%	$1.6M	$49K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5228	long leg	$372.8M	$154.8M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5228	0.000%	$295.2M	$901.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5231	+0.020%	$109.3M	$177.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5227	−0.007%	$270.1M	$388.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5230	+0.013%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5205	−0.152%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5208	−0.132%	$660K	$109.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5232	+0.025%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5205	−0.151%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5224	−0.023%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5231	+0.020%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5228	+0.001%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5228	0.000%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5217	−0.072%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5211	−0.110%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5213	−0.099%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5206	−0.144%	$49.7M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5219	−0.059%	$54.2M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5230	+0.011%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5225	−0.018%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5227	−0.010%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5235	+0.046%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5219	−0.059%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5225	−0.020%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5211	−0.112%	$24.2M	$76.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5211	−0.109%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0292%	1h	1.5228	0.000%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5222	−0.039%	$2.0M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5233	+0.031%	$519K	$775K	10x	as long as short
Hyperliquid XRP	+0.0381%	1h	1.5246	+0.118%	$301.5M	$243.1M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5210	−0.118%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0687%	1h	1.5217	−0.072%	$2K	$15K	10x	as long as short