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 Paradex+0.034%7-day average — · you sell dearer than you buy

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

Long on Paradex 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 airdropParadex: Active · Hotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.034% dearer against Paradex than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5338	0.0100	pay 0.0100% / 8h	7h 58m	$478K	$54K	50x
Short	Hotstuff XRP-PERP	1.5343	−0.0080	pay 0.0010% / 1h	58m 30s	$7K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Paradex. 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 ParadexbpFee HotstuffbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$37.8
Price spread: +0.034% → 0.000%: $3.35
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$43.45
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Paradex: live order book, 16 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 Paradex live order book, 16 min ago	4.89 bp	6.9 bp −$7	157.1 bp −$1,571	doesn't fit	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 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	+0.034%	$7K	$2K	20x
dYdX XRP-USD	0.0000%	1h	1.5328	−0.062%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	+0.079%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5344	+0.042%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0089%	1h	1.5343	+0.033%	$841K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5363	+0.164%	$9.3M	$25.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.448%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5362	+0.157%	$75K	$910K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5346	+0.053%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5332	−0.040%	$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	1.5340	+0.014%	$513K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5344	+0.040%	$12K	$271K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5338	+0.004%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5342	+0.027%	$38.8M	$83.0M	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	1.5346	+0.053%	$540.1M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5339	+0.007%	$339.8M	$932.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5341	+0.020%	$125.4M	$884.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.116%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5346	+0.053%	$116K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	−0.006%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5342	+0.027%	$372.2M	$147.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5344	+0.040%	$299.9M	$888.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5344	+0.043%	$109.6M	$167.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5339	+0.007%	$269.0M	$378.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5339	+0.007%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	+0.056%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5347	+0.057%	$666K	$106.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	+0.203%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	+0.092%	$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	+0.027%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5342	+0.028%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5364	+0.168%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5365	+0.176%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5359	+0.138%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5356	+0.121%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5350	+0.079%	$54.7M	$29.7M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5338	long leg	$478K	$54K	50x
Extended XRP-USD	+0.0104%	1h	1.5341	+0.018%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5362	+0.154%	$72K	$2K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5338	−0.002%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5351	+0.086%	$24.0M	$75.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5366	+0.183%	$5.8M	$47.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0230%	1h	1.5350	+0.079%	$1.7M	$1.2M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5362	+0.158%	$14.9M	$70.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5367	+0.189%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0316%	8h	1.5367	+0.190%	$2.2M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0532%	1h	1.5356	+0.118%	$290.8M	$216.7M	20x	as long as short
Aftermath Perps XRPUSD	+0.0784%	1h	1.5353	+0.101%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5349	+0.072%	$512K	$753K	10x	as long as short