Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against OKX−0.264%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Hotstuff

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.264% cheaper against OKX than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XRP-USDT-SWAP	1.5138	0.0100	pay 0.0100% / 8h	2h 56m	$125.2M	$889.0M	100x
Short	Hotstuff XRP-PERP	1.5098	−0.0080	pay 0.0010% / 1h	56m 16s	$5K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against OKX. 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 OKXbpFee HotstuffbpOrdersPrice spread, now −0.264%Rate

Funding earned: −$37.8
Price spread: −0.264% → 0.000%: −$26.42
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$79.22
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	0.33 bp	5.3 bp −$5	5.6 bp −$56	13.3 bp −$1,325	29.9 bp −$14.9K
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	1.5098	−0.264%	$5K	$3K	20x
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5137	−0.006%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5119	−0.124%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5139	+0.007%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5140	+0.015%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.788%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5137	−0.004%	$794K	—	200x	as long as short
01 Exchange XRPUSD	+0.0056%	1h	1.5130	−0.053%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5124	−0.095%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5123	−0.099%	$497K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5122	−0.106%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5130	−0.056%	$942K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5138	+0.003%	$290.2M	$257.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5136	−0.016%	$38.9M	$86.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5127	−0.071%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5140	+0.013%	$532.3M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5138	0.000%	$342.7M	$950.3M	100x	as long as short
OKX XRP-USDT-SWAPlong	+0.0100%	8h	1.5138	long leg	$125.2M	$889.0M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5124	−0.092%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5133	−0.033%	$137K	$717K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5138	0.000%	$373.1M	$154.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5131	−0.046%	$294.0M	$903.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5126	−0.081%	$108.1M	$179.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5136	−0.013%	$268.5M	$392.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5134	−0.026%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5110	−0.186%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5106	−0.210%	$656K	$111.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5111	−0.176%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5112	−0.172%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5127	−0.071%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5129	−0.059%	$49K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5133	−0.034%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5137	−0.007%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5136	−0.015%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5129	−0.063%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5135	−0.020%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5140	+0.014%	$49.5M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5146	+0.053%	$53.9M	$31.7M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5107	−0.202%	$1.6M	$29K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5127	−0.074%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5130	−0.050%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5133	−0.033%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0168%	8h	1.5125	−0.086%	$1.8M	$35.5M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5145	+0.046%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5125	−0.084%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5142	+0.026%	$24.2M	$75.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5150	+0.081%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0265%	1h	1.5161	+0.152%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5132	−0.039%	$516K	$777K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	−0.053%	$67K	$109K	15x	as long as short
Aftermath Perps XRPUSD	+0.0629%	1h	1.5125	−0.088%	$2K	$15K	10x	as long as short