Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: Binance against Hotstuff+0.025%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Binance

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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.025% dearer against Hotstuff than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff XRP-PERP	1.5367	−0.0080	get 0.0010% / 1h	14m 46s	$7K	$2K	20x
Short	Binance XRPUSDT	1.5371	0.0100	get 0.0100% / 8h	7h 14m	$543.2M	$2.05B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hotstuff. 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 HotstuffbpFee BinancebpOrdersPrice spread, now +0.025%Rate

Funding earned: $37.8
Price spread: +0.025% → 0.000%: $2.5
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: $25.3
Costs to cover: 0.150%
Break-even: 2.3 days

Slippage unknown: Hotstuff: no order-book sample; Binance: live order book, 14 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	0.33 bp	5.3 bp −$5	6.4 bp −$64	12.2 bp −$1,216	28.4 bp −$14.2K

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-PERPlong	−0.0080%	1h	1.5367	long leg	$7K	$2K	20x
dYdX XRP-USD	0.0000%	1h	1.5363	−0.028%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5358	−0.058%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0017% / S +0.0075%	1h	1.5356	−0.071%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.256%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5362	−0.033%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5354	−0.085%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5372	+0.033%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5375	+0.052%	$516K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5357	−0.065%	$9K	$280K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5365	−0.015%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5355	−0.075%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5360	−0.046%	$38.8M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5366	−0.009%	$635K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5371	+0.025%	$543.2M	$2.05B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5372	+0.033%	$342.8M	$918.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5374	+0.046%	$124.9M	$869.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5317	−0.325%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5368	+0.007%	$117K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.602%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5366	−0.007%	$375.1M	$151.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5369	+0.013%	$307.7M	$911.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5366	−0.006%	$110.7M	$166.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5372	+0.033%	$269.1M	$374.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5370	+0.020%	—	$124.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5332	−0.227%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	−0.355%	$665K	$107.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5336	−0.202%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5325	−0.273%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5355	−0.078%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5367	0.000%	$49K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5360	−0.048%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5366	−0.005%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5370	+0.018%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5361	−0.039%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5361	−0.038%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5361	−0.039%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5358	−0.057%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5361	−0.038%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0141%	1h	1.5366	−0.007%	$9.3M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5359	−0.050%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5367	0.000%	$24.1M	$73.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5367	0.000%	$5.8M	$46.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5362	−0.034%	$14.6M	$70.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0304%	1h	1.5368	+0.007%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5337	−0.193%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5366	−0.007%	$2.0M	$34.8M	2.9x	as long as short
Hyperliquid XRP	+0.0382%	1h	1.5385	+0.117%	$289.9M	$215.0M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5320	−0.306%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0790%	1h	1.5337	−0.195%	$2K	$13K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5363	−0.025%	$543K	$773K	10x	as long as short