Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: Gate against Hotstuff−0.077%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 Gate

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

Funding pays, the price is against you. Gate is 0.077% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 34 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	1.5538	−0.0080	get 0.0010% / 1h	12m 48s	$7K	$2K	20x
Short	Gate XRP_USDT	1.5526	0.0100	get 0.0100% / 8h	1h 12m	$373.2M	$141.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.077%Rate

Funding earned: $37.8
Price spread: −0.077% → 0.000%: −$7.72
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $10.08
Costs to cover: 0.200%
Break-even: 5.1 days

Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	0.32 bp	12.0 bp −$12	14.6 bp −$146	29.8 bp −$2,977	41.5 bp −$20.8K

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	1.5538	long leg	$7K	$2K	20x
GMX XRP/USD [ETH-USDC]	L −0.0002% / S +0.0116%	1h	1.5516	−0.143%	$849K	—	200x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5519	−0.122%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5517	−0.136%	$260K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0008%	1h	1.5524	−0.090%	$9.5M	$25.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.142%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5521	−0.110%	$15.5M	$68.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5520	−0.116%	$78K	$910K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5529	−0.060%	$3.0M	$12.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5533	−0.032%	$440K	$3.2M	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	1.5530	−0.048%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5526	−0.080%	$39.3M	$78.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5533	−0.031%	$639K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5524	−0.091%	$558.5M	$1.98B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5523	−0.097%	$345.4M	$901.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5522	−0.103%	$127.3M	$881.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5556	+0.116%	$579K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5526	−0.077%	$119K	$745K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5567	+0.185%	$1.7M	$578K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5526	−0.077%	$373.2M	$141.0M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5528	−0.064%	$298.6M	$863.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5527	−0.073%	$113.9M	$160.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5529	−0.058%	$271.3M	$364.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5523	−0.097%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5575	+0.235%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5570	+0.208%	$676K	$102.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5572	+0.217%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5581	+0.277%	$1.0M	$884K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5524	−0.089%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5521	−0.109%	$47K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5519	−0.122%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5519	−0.121%	$835K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5528	−0.064%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5522	−0.103%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5520	−0.113%	$51.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5522	−0.103%	$55.2M	$29.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5541	+0.020%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5526	−0.077%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5523	−0.094%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5519	−0.119%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5530	−0.051%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5515	−0.151%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5529	−0.058%	$5.9M	$47.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5524	−0.090%	$24.4M	$73.5M	125x	as long as short
Hibachi XRP/USDT-P	+0.0224%	1h	1.5552	+0.093%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0290%	1h	1.5527	−0.071%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0323%	8h	1.5541	+0.019%	$1.9M	$33.1M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5560	+0.142%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5535	−0.019%	$509K	$630K	10x	as long as short
Hyperliquid XRP	+0.0589%	1h	1.5546	+0.051%	$290.5M	$204.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0754%	1h	1.5552	+0.089%	$1K	$11K	10x	as long as short