Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.012%

Price spread now: edgeX against Hotstuff−0.172%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.172% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 3.2 days 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	1.5350	−0.0080	get 0.0010% / 1h	1m 09s	$7K	$2K	20x
Short	edgeX XRPUSDC	1.5324	0.0100	get 0.0050% / 4h	1m 09s	$665K	$106.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.172%Rate

Funding earned: $37.8
Price spread: −0.172% → 0.000%: −$17.22
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $6.58
Costs to cover: 0.140%
Break-even: 5.8 days

Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 3 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 edgeX live order book, 3 min ago	0.98 bp	5.5 bp −$5	5.5 bp −$55	9.1 bp −$911	doesn't fit

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	1.5350	long leg	$7K	$2K	20x
dYdX XRP-USD	0.0000%	1h	1.5343	−0.043%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	0.000%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5355	+0.035%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0090%	1h	1.5354	+0.026%	$842K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5373	+0.149%	$14.9M	$70.2M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5365	+0.098%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0075%	1h	1.5376	+0.169%	$9.3M	$25.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.368%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5374	+0.157%	$2.9M	$13.8M	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	1.5376	+0.169%	$514K	$3.3M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5347	−0.023%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5367	+0.108%	$38.9M	$82.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5350	+0.001%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5372	+0.146%	$542.5M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5371	+0.137%	$340.8M	$932.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5370	+0.130%	$125.9M	$886.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.195%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5348	−0.013%	$117K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5333	−0.110%	$1.7M	$570K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5369	+0.124%	$372.4M	$151.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5369	+0.124%	$303.6M	$901.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5373	+0.151%	$108.9M	$166.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5370	+0.130%	$268.8M	$377.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5371	+0.137%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	−0.023%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5324	−0.172%	$665K	$106.3M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5319	−0.200%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5328	−0.143%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5348	−0.013%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5356	+0.039%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5356	+0.038%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5369	+0.121%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5371	+0.136%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5373	+0.150%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5366	+0.102%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5372	+0.143%	$54.8M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5348	−0.014%	$478K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5344	−0.039%	$12K	$271K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5365	+0.095%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5363	+0.085%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5347	−0.020%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5353	+0.016%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5374	+0.156%	$24.1M	$75.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5384	+0.221%	$5.8M	$47.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0267%	1h	1.5381	+0.202%	$1.7M	$1.1M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5341	−0.060%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5384	+0.221%	$2.3M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0553%	1h	1.5386	+0.235%	$291.4M	$216.4M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5352	+0.014%	$525K	$746K	10x	as long as short
Aftermath Perps XRPUSD	+0.0781%	1h	1.5335	−0.100%	$1K	$11K	10x	as long as short