Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: BingX against Hotstuff+0.165%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 BingX

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 BingX is 0.165% dearer against Hotstuff than usual: you sell high and buy low: +$16 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	1.5157	−0.0080	get 0.0010% / 1h	28m 20s	$5K	$3K	20x
Short	BingX XRP-USDT	1.5182	0.0100	get 0.0100% / 8h	6h 28m	—	$126.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.165%Rate

Funding earned: $37.8
Price spread: +0.165% → 0.000%: $16.49
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: $39.29
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; BingX: live order book, 6 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 BingX live order book, 6 min ago	1.32 bp	6.3 bp −$6	6.5 bp −$65	9.1 bp −$913	16.8 bp −$8,416

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 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	1.5157	long leg	$5K	$3K	20x
dYdX XRP-USD	0.0000%	1h	1.5169	+0.080%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.020%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5177	+0.132%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0060%	1h	1.5175	+0.119%	$803K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.659%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5182	+0.167%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5182	+0.165%	$62K	$953K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5167	+0.063%	$2.8M	$14.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5169	+0.079%	$517K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5157	0.000%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5177	+0.134%	$877K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5178	+0.138%	$38.7M	$84.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5173	+0.102%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5181	+0.160%	$540.0M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5183	+0.172%	$342.4M	$940.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5188	+0.205%	$124.6M	$873.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5136	−0.139%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5176	+0.125%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5101	−0.370%	$1.6M	$307K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5178	+0.139%	$368.9M	$152.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5175	+0.119%	$290.4M	$911.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5177	+0.135%	$107.1M	$171.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5183	+0.172%	$266.2M	$383.7M	125x	as long as short
BingX XRP-USDTshort	+0.0100%	8h	1.5182	+0.165%	—	$126.9M	—
Variational Omni XRP	+0.0100%	8h	1.5152	−0.032%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5154	−0.022%	$659K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5144	−0.083%	$1.1M	$38.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5161	+0.026%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5173	+0.103%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5176	+0.125%	$44K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5178	+0.141%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5185	+0.187%	$817K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5183	+0.172%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5183	+0.172%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5163	+0.036%	$49.7M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5151	−0.040%	$53.9M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5175	+0.120%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5182	+0.162%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5182	+0.165%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5170	+0.086%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0211%	1h	1.5188	+0.205%	$7.7M	$25.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5174	+0.109%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5153	−0.026%	$5.7M	$46.6M	50x	as long as short
Hyperliquid XRP	+0.0220%	1h	1.5183	+0.172%	$281.0M	$223.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5157	−0.002%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5163	+0.040%	$2.1M	$35.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0362%	1h	1.5163	+0.040%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5177	+0.131%	$537K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0757%	1h	1.5151	−0.041%	$2K	$14K	10x	as long as short