Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h −0.048%
Price spread now: GMX against Hotstuff+0.084%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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 +$1 a day on $10k at the current rate, and GMX is 0.084% dearer against Hotstuff than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff XRP-PERP1.5184−0.0080get 0.0010% / 1h26m 07s$5K$3K20x
ShortGMX XRP/USD [ETH-USDC]1.5197L +0.0020% / S +0.0059%pay 0.0007% / 1h26m 07s$803K200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$4.32
Price spread: +0.084% → 0.000%
$8.43
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee GMX: 6 bp × 2 orders
−$12
Net
−$4.25
Costs to cover
0.170%
Break-even
13.9 days
Slippage unknown: Hotstuff: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell GMX no order-book sample
Hotstuff and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERPlong−0.0080%1h1.5184long leg$5K$3K20x
dYdX XRP-USD0.0000%1h1.5182−0.011%$1.1M$120K10xas long as short
Phoenix XRP0.0000%1h1.5160−0.158%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5197+0.086%$254K150xas long as short
GMX XRP/USD [ETH-USDC]shortL +0.0020% / S +0.0059%1h1.5197+0.084%$803K200x
Injective XRP/USDC PERP+0.0033%1h1.5560+2.476%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5203+0.123%$14.6M$72.7M50xas long as short
Orderly PERP_XRP_USDC+0.0072%8h1.5203+0.125%$62K$953K50xas long as short
Lighter XRP+0.0096%1h1.5204+0.134%$2.8M$14.2M20xas long as short
Lighter RH XRP+0.0096%1h1.5206+0.145%$518K$3.3M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5188+0.026%$11K$307K20xas long as short
Nado XRP-PERP+0.0100%1h1.5192+0.056%$890K$5.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5204+0.129%$38.7M$84.1M100xas long as short
Pacifica XRP+0.0100%1h1.5193+0.058%$610K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5205+0.138%$539.3M$2.10B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5206+0.145%$342.8M$940.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5209+0.165%$124.8M$874.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5174−0.066%$565K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5199+0.099%$115K$700K20xas long as short
Bulk XRP-USD+0.0100%1h1.5190+0.036%$1.6M$330K20xas long as short
Gate XRP_USDT+0.0100%8h1.5201+0.112%$369.9M$152.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5202+0.119%$292.2M$912.0M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5206+0.142%$107.4M$171.3M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5205+0.138%$266.6M$383.9M125xas long as short
BingX XRP-USDT+0.0100%8h1.5205+0.138%$126.9Mas long as short
Variational Omni XRP+0.0100%8h1.5199+0.099%$6.2M$35.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5164−0.131%$658K$108.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5164−0.132%$1.1M$38.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5179−0.033%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5195+0.072%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5200+0.105%$44K$445K20xas long as short
Bullet XRP-USD+0.0100%1h1.5202+0.116%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5206+0.146%$818K$76K10xas long as short
SunX XRP-USDT+0.0100%8h1.5210+0.172%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5203+0.125%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5207+0.149%$49.8M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5202+0.119%$54.1M$29.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5195+0.073%$474K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5199+0.101%$2.1M$7.0M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5201+0.115%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0128%1h1.5201+0.112%$8K$8K10xas long as short
Deribit XRP_USDC-PERPETUAL+0.0211%1h1.5206+0.145%$7.7M$25.2M50xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5199+0.097%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5210+0.171%$5.7M$46.8M50xas long as short
Hyperliquid XRP+0.0220%1h1.5211+0.178%$281.5M$223.4M20xas long as short
Hibachi XRP/USDT-P+0.0320%1h1.5174−0.064%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0356%8h1.5199+0.099%$2.1M$35.8M2.9xas long as short
Backpack XRP_USDC_PERP+0.0364%1h1.5215+0.204%$1.9M$1.3M25xas long as short
RISEx XRP/USDC+0.0456%1h1.5201+0.111%$536K$784K10xas long as short
Aftermath Perps XRPUSD+0.0752%1h1.5164−0.130%$2K$14K10xas long as short