Funding you earn now, next payment 00:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.054%
Price spread now: Hotstuff against Polymarket Perps−0.127%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.127% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$13 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 | Polymarket Perps XRP-USD | 1.5691 | 0.0100 | pay 0.0013% / 1h | 53m 20s | $46K | $449K | 20x |
| Short | Hotstuff XRP-PERP | 1.5671 | −0.0080 | pay 0.0010% / 1h | 53m 20s | $7K | $2K | 20x |
Polymarket Perps XRP-USD
Hotstuff XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: −0.127% → 0.000%
- −$12.75
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$63.55
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 24 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 Polymarket Perps live order book, 24 min ago | 2.25 bp | 7.5 bp −$7 | 9.5 bp −$95 | 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 | 1.5671 | −0.127% | $7K | $2K | 20x | |
| dYdX XRP-USD | 0.0000% | 1h | 1.5680 | −0.067% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5600 | −0.580% | $69K | $90K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5684 | −0.044% | $262K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0004% / S +0.0108% | 1h | 1.5684 | −0.046% | $863K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0005% | 1h | 1.5693 | +0.013% | $9.8M | $25.5M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0031% | 1h | 1.5693 | +0.011% | $15.8M | $68.8M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0056% | 8h | 1.5687 | −0.025% | $77K | $909K | 50x | as long as short |
| ApeX Omni XRPUSDT | +0.0081% | 1h | 1.5590 | −0.644% | $1.0M | $886K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | −0.835% | $2K | $107K | 30x | as long as short |
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
ApeX Omni XRPUSDT
Injective XRP/USDC PERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XRP | +0.0096% | 1h | 1.5692 | +0.006% | $3.0M | $12.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5693 | +0.013% | $447K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5684 | −0.046% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5688 | −0.019% | $39.8M | $79.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5680 | −0.072% | $646K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5688 | −0.019% | $562.8M | $2.00B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5688 | −0.019% | $349.8M | $910.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5685 | −0.038% | $128.4M | $894.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5593 | −0.625% | $580K | $42K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5691 | 0.000% | $119K | $748K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5686 | −0.032% | $375.7M | $142.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5684 | −0.045% | $305.6M | $860.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5688 | −0.020% | $114.5M | $162.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5686 | −0.032% | $274.0M | $368.9M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5684 | −0.045% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5607 | −0.533% | $11.7M | $30.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5645 | −0.292% | $679K | $102.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5674 | −0.107% | $1.1M | $41.0M | 20x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5679 | −0.079% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USDlong | +0.0100% | 1h | 1.5691 | long leg | $46K | $449K | 20x | |
| Bullet XRP-USD | +0.0100% | 1h | 1.5686 | −0.032% | $42K | $66K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5689 | −0.011% | $844K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5693 | +0.013% | $132K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5692 | +0.006% | $30K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5687 | −0.028% | $51.5M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5689 | −0.013% | $55.8M | $29.3M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5562 | −0.825% | $1.7M | $573K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5672 | −0.119% | $489K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5687 | −0.025% | $11K | $261K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5684 | −0.046% | $2.2M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5688 | −0.016% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5684 | −0.045% | $9K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5686 | −0.035% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5690 | −0.006% | $24.6M | $75.0M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5700 | +0.057% | $6.0M | $48.3M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0272% | 1h | 1.5659 | −0.202% | $18K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0319% | 8h | 1.5682 | −0.057% | $2.0M | $33.5M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0427% | 1h | 1.5664 | −0.172% | $1.7M | $1.0M | 25x | as long as short |
| Hyperliquid XRP | +0.0612% | 1h | 1.5707 | +0.102% | $297.3M | $206.4M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5701 | +0.067% | $512K | $632K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0765% | 1h | 1.5614 | −0.493% | $1K | $11K | 10x | as long as short |
Lighter XRP
Lighter RH XRP
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
Vest XRP-PERP
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Bulk XRP-USD
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD