Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: MEXC against Hotstuff−0.039%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 MEXC

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. MEXC is 0.039% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 17 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	1.5529	−0.0080	get 0.0010% / 1h	3m 29s	$5K	$3K	20x
Short	MEXC XRP_USDT	1.5523	0.0100	get 0.0100% / 8h	7h 03m	$317.7M	$941.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.039%Rate

Funding earned: $37.8
Price spread: −0.039% → 0.000%: −$3.86
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: $28.94
Costs to cover: 0.050%
Break-even: 1.6 days

Slippage unknown: Hotstuff: no order-book sample; MEXC: 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 MEXC live order book, 6 min ago	0.32 bp	0.3 bp $0	0.3 bp −$3	3.0 bp −$304	24.3 bp −$12.1K

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 50 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
Kraken Futures PF_XRPUSD	−0.0168%	1h	1.5542	+0.082%	$14.3M	$73.7M	50x	as long as short
Hotstuff XRP-PERPlong	−0.0080%	1h	1.5529	long leg	$5K	$3K	20x
Phoenix XRP	0.0000%	1h	1.5490	−0.251%	$70K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5536	+0.046%	$252K	—	150x	as long as short
dYdX XRP-USD	+0.0005%	1h	1.5531	+0.011%	$1.1M	$155K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0007%	1h	1.5545	+0.103%	$8.1M	$22.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.200%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0056%	1h	1.5535	+0.042%	$18K	$78K	7x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5531	+0.013%	$9K	$2K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5527	−0.015%	$2.8M	$14.8M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5531	+0.013%	$629K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5526	−0.019%	$20K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5538	+0.056%	$485K	$52K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5517	−0.074%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5528	−0.007%	$39.3M	$82.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5532	+0.022%	$629K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5524	−0.034%	$542.7M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5527	−0.013%	$360.8M	$906.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5525	−0.026%	$126.5M	$851.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5449	−0.515%	$567K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5537	+0.052%	$163K	$699K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5432	−0.623%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5531	+0.013%	$390.9M	$160.4M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5523	−0.039%	$317.7M	$941.2M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5524	−0.030%	$109.7M	$180.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5532	+0.019%	$275.4M	$361.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5526	−0.019%	—	$105.3M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5506	−0.148%	$4.9M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5483	−0.297%	$674K	$113.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5525	−0.025%	$1.1M	$32.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5485	−0.283%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5533	+0.023%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5532	+0.019%	$53K	$502K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5536	+0.046%	$42K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5541	+0.077%	$79K	$646K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5544	+0.097%	$130K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5539	+0.064%	$31K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5535	+0.038%	$50.6M	$14.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5537	+0.052%	$55.2M	$33.2M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5520	−0.060%	$2.1M	$5.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5539	+0.068%	$60K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0142% / S −0.0108%	1h	1.5534	+0.032%	$832K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5541	+0.077%	$5.4M	$46.9M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5530	+0.006%	$1.8M	$33.0M	2.9x	as long as short
Hyperliquid XRP	+0.0197%	1h	1.5551	+0.142%	$299.8M	$265.4M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5514	−0.097%	$23.9M	$79.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5530	+0.007%	$1.4M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0241%	1h	1.5545	+0.103%	$2.0M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5535	+0.037%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0483%	1h	1.5459	−0.448%	$3K	$15K	10x	as long as short