Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: KuCoin against Hotstuff−0.084%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 KuCoin

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. KuCoin is 0.084% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 37 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	1.5187	−0.0080	get 0.0010% / 1h	22m 45s	$5K	$3K	20x
Short	KuCoin XRPUSDTM	1.5174	0.0100	get 0.0100% / 8h	4h 22m	$108.3M	$174.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.084%Rate

Funding earned: $37.8
Price spread: −0.084% → 0.000%: −$8.36
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $12.44
Costs to cover: 0.170%
Break-even: 4.7 days

Slippage unknown: Hotstuff: no order-book sample; KuCoin: 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 KuCoin live order book, 6 min ago	0.73 bp	9.8 bp −$10	12.9 bp −$129	34.2 bp −$3,419	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	1.5187	long leg	$5K	$3K	20x
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5172	−0.096%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5176	−0.075%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	+0.020%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5169	−0.119%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5177	−0.066%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.456%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0043% / S +0.0025%	1h	1.5168	−0.128%	$791K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0085%	8h	1.5171	−0.105%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5185	−0.016%	$2.8M	$14.6M	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	1.5184	−0.020%	$499K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5166	−0.138%	$10K	$326K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5166	−0.135%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5182	−0.033%	$280.8M	$226.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5175	−0.077%	$38.4M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5175	−0.081%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5173	−0.095%	$535.5M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5172	−0.099%	$346.9M	$934.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5174	−0.086%	$126.3M	$875.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.086%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5176	−0.072%	$110K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5174	−0.085%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5175	−0.079%	$370.1M	$154.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5172	−0.099%	$292.4M	$900.9M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5174	−0.084%	$108.3M	$174.5M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5170	−0.112%	$268.4M	$384.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5173	−0.092%	—	$127.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5179	−0.055%	$5.2M	$37.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5183	−0.028%	$661K	$108.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5178	−0.062%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5192	+0.033%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5174	−0.086%	$44K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5172	−0.099%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5176	−0.076%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5170	−0.109%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5175	−0.079%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5179	−0.055%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5174	−0.086%	$54.2M	$30.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5173	−0.094%	$473K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5176	−0.074%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5170	−0.114%	$2.0M	$6.8M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5177	−0.066%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5172	−0.096%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0175%	1h	1.5183	−0.026%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5183	−0.027%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5177	−0.066%	$5.6M	$47.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5170	−0.111%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5179	−0.053%	$24.2M	$76.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5180	−0.046%	$2.1M	$34.5M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5177	−0.067%	$517K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0647%	1h	1.5181	−0.037%	$2K	$15K	10x	as long as short