Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0180%/8h= −19.7% APRnext payment $0.23 per $10,000 · paid last 24h −0.054%
Price spread now: Hotstuff against Pacifica−0.315%54s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · Hotstuff: 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 0.315% cheaper against Pacifica than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XRP1.51730.0100pay 0.0013% / 1h44m 41s$607K$1.1M20x
ShortHotstuff XRP-PERP1.5125−0.0080pay 0.0010% / 1h44m 41s$5K$3K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Pacifica. 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

Funding earned
−$37.8
Price spread: −0.315% → 0.000%
−$31.54
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$82.34
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 4 min ago0.99 bp5.6 bp −$68.5 bp −$85doesn't fitdoesn'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 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERPshort−0.0080%1h1.5125−0.315%$5K$3K20x
dYdX XRP-USD0.0000%1h1.5174+0.008%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5130−0.282%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5170−0.019%$245K150xas long as short
Kraken Futures PF_XRPUSD+0.0025%1h1.5173−0.001%$14.5M$75.4M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.552%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0072%1h1.5125−0.315%$8K$8K10xas long as short
GMX XRP/USD [ETH-USDC]L +0.0080% / S −0.0027%1h1.5170−0.021%$799K200xas long as short
Lighter XRP+0.0096%1h1.5168−0.034%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5170−0.019%$546K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0099%8h1.5118−0.362%$12K$367K20xas long as short
Nado XRP-PERP+0.0100%1h1.5153−0.130%$993K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5171−0.012%$38.5M$87.6M100xas long as short
Pacifica XRPlong+0.0100%1h1.5173long leg$607K$1.1M20x
Binance XRPUSDT+0.0100%8h1.51730.000%$530.8M$2.23B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5168−0.032%$346.1M$969.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5169−0.025%$127.3M$893.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5161−0.078%$563K$32K5xas long as short
Arcus XRP-USD+0.0100%1h1.5176+0.021%$143K$723K20xas long as short
Bulk XRP-USD+0.0100%1h1.5129−0.290%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5164−0.058%$373.3M$159.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5172−0.006%$298.7M$920.0M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5177+0.028%$107.5M$181.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5169−0.025%$267.6M$400.4M125xas long as short
BingX XRP-USDC+0.0100%8h1.5160−0.085%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5118−0.362%$4.7M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5138−0.229%$658K$114.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5133−0.263%$1.1M$36.3M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5143−0.197%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5149−0.158%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5162−0.072%$47K$491K20xas long as short
Bullet XRP-USD+0.0100%1h1.5172−0.007%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5170−0.019%$65K$810K50xas long as short
Derive XRP-PERP+0.0100%1h1.5171−0.010%$816K$73K10xas long as short
SunX XRP-USDT+0.0100%8h1.5170−0.022%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5171−0.012%$30K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5172−0.007%$49.6M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5169−0.025%$54.2M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5176+0.024%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5158−0.097%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5170−0.022%$58K$25K3xas long as short
Deribit XRP_USDC-PERPETUAL+0.0146%1h1.5175+0.014%$7.7M$25.0M50xas long as short
Backpack XRP_USDC_PERP+0.0152%1h1.5182+0.060%$2.0M$1.4M25xas long as short
Hyperliquid XRP+0.0163%1h1.5179+0.041%$289.0M$264.8M20xas long as short
Hibachi XRP/USDT-P+0.0168%1h1.5122−0.333%$17K$79K7xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5174+0.008%$5.7M$48.4M50xas long as short
Reya XRPRUSDPERP+0.0219%1h1.5161−0.076%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5172−0.006%$23.5M$78.1M125xas long as short
Kalshi KXXRPPERP+0.0221%8h1.5152−0.137%$1.7M$35.3M2.9xas long as short
RISEx XRP/USDC+0.0316%1h1.5126−0.310%$521K$796K10xas long as short
Aftermath Perps XRPUSD+0.0554%1h1.5143−0.198%$2K$16K10xas long as short