Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against HTX−0.003%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Hotstuff

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5163	0.0100	pay 0.0100% / 8h	6h 29m	$49.7M	$15.4M	75x
Short	Hotstuff XRP-PERP	1.5162	−0.0080	pay 0.0010% / 1h	29m 01s	$5K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against HTX. 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 HTXbpFee HotstuffbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$37.8
Price spread: −0.003% → 0.000%: −$0.33
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$55.13
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 5 min ago; Hotstuff: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 5 min ago	1.85 bp	11.2 bp −$11	16.2 bp −$162	35.5 bp −$3,549	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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
Hotstuff XRP-PERPshort	−0.0080%	1h	1.5162	−0.003%	$5K	$3K	20x
dYdX XRP-USD	0.0000%	1h	1.5166	+0.025%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	−0.016%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5151	−0.076%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0060%	1h	1.5151	−0.078%	$803K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.622%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5144	−0.123%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0071%	8h	1.5154	−0.056%	$62K	$953K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5153	−0.061%	$2.8M	$14.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5154	−0.056%	$517K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5159	−0.023%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5170	+0.053%	$870K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5148	−0.095%	$38.6M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5174	+0.076%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5164	+0.012%	$539.4M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5166	+0.023%	$341.9M	$941.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5164	+0.010%	$124.4M	$872.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5136	−0.175%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5174	+0.076%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5101	−0.406%	$1.6M	$307K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5155	−0.049%	$368.4M	$152.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5160	−0.016%	$290.2M	$911.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5147	−0.102%	$107.0M	$171.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5157	−0.036%	$265.8M	$383.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5158	−0.030%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5152	−0.068%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5154	−0.058%	$659K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5144	−0.119%	$1.1M	$38.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5161	−0.010%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5168	+0.039%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5169	+0.043%	$44K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5156	−0.045%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5157	−0.039%	$816K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5173	+0.069%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5145	−0.115%	$30K	$1.7M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5163	long leg	$49.7M	$15.4M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5151	−0.076%	$53.9M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5172	+0.064%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5142	−0.132%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5147	−0.106%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5170	+0.049%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5149	−0.089%	$7.7M	$25.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5157	−0.035%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5153	−0.063%	$5.7M	$46.6M	50x	as long as short
Hyperliquid XRP	+0.0218%	1h	1.5166	+0.023%	$280.7M	$223.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5159	−0.020%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5163	+0.003%	$2.1M	$35.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0362%	1h	1.5163	+0.003%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5174	+0.077%	$537K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0764%	1h	1.5149	−0.086%	$2K	$14K	10x	as long as short