Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against MEXC−0.007%7-day average — · you buy dearer than you sell

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

Long on MEXC 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	MEXC XRP_USDT	1.5344	0.0100	pay 0.0100% / 8h	7h 58m	$299.9M	$888.3M	300x
Short	Hotstuff XRP-PERP	1.5343	−0.0080	pay 0.0010% / 1h	58m 21s	$7K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against MEXC. 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 MEXCbpFee HotstuffbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$37.8
Price spread: −0.007% → 0.000%: −$0.65
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$43.45
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 6 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 MEXC live order book, 6 min ago	0.33 bp	0.3 bp $0	1.5 bp −$15	5.0 bp −$497	22.8 bp −$11.4K
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 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-PERPshort	−0.0080%	1h	1.5343	−0.007%	$7K	$2K	20x
dYdX XRP-USD	0.0000%	1h	1.5328	−0.102%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	+0.039%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5344	+0.002%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0089%	1h	1.5343	−0.007%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.408%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5342	−0.013%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5347	+0.020%	$9.3M	$25.7M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5346	+0.013%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5351	+0.043%	$2.9M	$13.6M	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	1.5353	+0.059%	$513K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5344	0.000%	$12K	$271K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5338	−0.036%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5346	+0.016%	$38.9M	$83.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5341	−0.020%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5351	+0.043%	$540.3M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5342	−0.013%	$339.9M	$932.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5344	0.000%	$125.5M	$885.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.156%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5346	+0.013%	$116K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	−0.046%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5340	−0.026%	$372.2M	$147.1M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5344	long leg	$299.9M	$888.3M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5344	+0.003%	$109.6M	$167.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5344	0.000%	$269.1M	$378.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5346	+0.013%	—	$123.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	+0.016%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5347	+0.017%	$666K	$106.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	+0.163%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	+0.052%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5341	−0.020%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5342	−0.013%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5342	−0.012%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5344	+0.001%	$826K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5347	+0.018%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5344	0.000%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5341	−0.016%	$50.3M	$15.7M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5338	−0.040%	$478K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5341	−0.022%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5343	−0.003%	$55K	$18K	3x	as long as short
Phemex XRPUSDT	+0.0188%	8h	1.5351	+0.046%	$54.7M	$29.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5338	−0.042%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5351	+0.046%	$24.0M	$75.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5350	+0.039%	$5.8M	$46.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0230%	1h	1.5350	+0.039%	$1.7M	$1.2M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5343	−0.004%	$14.9M	$70.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5367	+0.149%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5350	+0.039%	$2.2M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0532%	1h	1.5356	+0.078%	$290.8M	$216.7M	20x	as long as short
Aftermath Perps XRPUSD	+0.0784%	1h	1.5353	+0.061%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5349	+0.032%	$512K	$753K	10x	as long as short