XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.054%

Price spread now: Derive against Hotstuff−0.026%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Derive

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

Funding pays, the price is against you. Derive is 0.026% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff XRP-PERP	1.5052	−0.0080	get 0.0010% / 1h	37m 35s	$5K	$3K	20x
Short	Derive XRP-PERP	1.5048	0.0100	get 0.0013% / 1h	37m 35s	$810K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.026%Rate

Funding earned: $37.8
Price spread: −0.026% → 0.000%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Derive: 3 bp × 2 orders: −$6
Net: $24.2
Costs to cover: 0.110%
Break-even: 2.5 days

Slippage unknown: Hotstuff: no order-book sample; Derive: 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Derive no order-book sample	—	—	—	—	—

Hotstuff and Derive: 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	1.5052	long leg	$5K	$3K	20x
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5054	+0.014%	$14.2M	$75.2M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5053	+0.007%	$1.1M	$115K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5050	−0.013%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5048	−0.030%	$257K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0016%	1h	1.5059	+0.047%	$7.6M	$25.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.375%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5046	−0.040%	$787K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5061	+0.060%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5061	+0.057%	$2.8M	$14.8M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5062	+0.066%	$495K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5052	0.000%	$11K	$359K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5060	+0.055%	$904K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5072	+0.131%	$289.2M	$258.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5061	+0.060%	$38.4M	$86.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5062	+0.069%	$604K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5061	+0.061%	$529.5M	$2.19B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5062	+0.066%	$341.9M	$956.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5063	+0.073%	$124.4M	$891.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5036	−0.106%	$560K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5069	+0.113%	$136K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5057	+0.032%	$1.6M	$30K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5063	+0.073%	$371.4M	$157.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5061	+0.060%	$290.3M	$910.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5061	+0.058%	$106.4M	$180.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5064	+0.080%	$266.7M	$396.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5059	+0.047%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5042	−0.066%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5018	−0.228%	$653K	$111.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5041	−0.070%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5016	−0.239%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5058	+0.040%	$51K	$493K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5045	−0.047%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5048	−0.027%	$62K	$934K	50x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5048	−0.026%	$810K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5058	+0.043%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5054	+0.013%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5051	−0.007%	$49.2M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5056	+0.027%	$53.6M	$31.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5069	+0.113%	$470K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5058	+0.040%	—	$13K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5061	+0.057%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5050	−0.013%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0117%	8h	1.5053	+0.007%	$1.7M	$35.7M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0159%	1h	1.5064	+0.080%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5058	+0.040%	$5.6M	$48.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5025	−0.178%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5054	+0.016%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5025	−0.179%	$23.5M	$75.9M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5068	+0.109%	$514K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0614%	1h	1.5061	+0.060%	$2K	$15K	10x	as long as short