Funding you earn now, next payment 09:00 UTC−0.0301%/8h= −32.9% APRnext payment −$0.38 per $10,000 · paid last 24h −0.087%
Price spread now: Hotstuff against Reya−0.087%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 airdropReya: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Hotstuff is 0.087% cheaper against Reya than usual: you would sell low and buy high (−$9 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya XRPRUSDPERP | 1.5219 | 0.0221 | pay 0.0028% / 1h | 52m 37s | $1.3M | $4K | 15x |
| Short | Hotstuff XRP-PERP | 1.5206 | −0.0080 | pay 0.0010% / 1h | 52m 37s | $5K | $3K | 20x |
Reya XRPRUSDPERP
Hotstuff XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Reya. 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
- −$63.14
- Price spread: −0.087% → 0.000%
- −$8.73
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$82.87
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample | — | — | — | — | — |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Reya and 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex XRPUSDT | −0.0267% | 8h | 1.5218 | −0.008% | $54.3M | $32.6M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0171% | 1h | 1.5228 | +0.058% | $14.8M | $76.0M | 50x | as long as short |
| Hotstuff XRP-PERPshort | −0.0080% | 1h | 1.5206 | −0.087% | $5K | $3K | 20x | |
| dYdX XRP-USD | 0.0000% | 1h | 1.5217 | −0.014% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5200 | −0.127% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5204 | −0.103% | $247K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5224 | +0.031% | $7.7M | $23.9M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.239% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0072% | 1h | 1.5171 | −0.315% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5213 | −0.039% | $2.8M | $14.5M | 20x | as long as short |
Phemex XRPUSDT
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5218 | −0.008% | $608K | $3.1M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5217 | −0.015% | $20K | $382K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5219 | +0.001% | $999K | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5216 | −0.022% | $38.6M | $86.0M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5215 | −0.028% | $612K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5216 | −0.022% | $530.8M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5216 | −0.022% | $353.2M | $949.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5219 | −0.002% | $126.9M | $861.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5203 | −0.107% | $565K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5224 | +0.031% | $144K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | −0.196% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5220 | +0.005% | $379.5M | $151.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5220 | +0.005% | $313.1M | $911.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5211 | −0.054% | $106.6M | $183.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5220 | +0.005% | $269.9M | $387.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5213 | −0.041% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5181 | −0.252% | $4.8M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5166 | −0.348% | $660K | $112.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5217 | −0.016% | $1.1M | $33.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5166 | −0.350% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5222 | +0.020% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5222 | +0.018% | $52K | $514K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5223 | +0.021% | $41K | $68K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5223 | +0.024% | $78K | $689K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5206 | −0.084% | $818K | $77K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5226 | +0.046% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5221 | +0.011% | $28K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5224 | +0.029% | $49.7M | $15.3M | 75x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5217 | −0.014% | $474K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5217 | −0.017% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5220 | +0.007% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0113% / S −0.0076% | 1h | 1.5220 | +0.002% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0128% | 1h | 1.5229 | +0.064% | $9K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5226 | +0.044% | $5.6M | $48.1M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0165% | 8h | 1.5227 | +0.051% | $1.7M | $33.6M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0208% | 1h | 1.5224 | +0.031% | $290.7M | $267.7M | 20x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5218 | −0.008% | $23.9M | $77.9M | 125x | as long as short |
| Reya XRPRUSDPERPlong | +0.0221% | 1h | 1.5219 | long leg | $1.3M | $4K | 15x | |
| Backpack XRP_USDC_PERP | +0.0278% | 1h | 1.5233 | +0.090% | $2.0M | $1.4M | 25x | as long as short |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5227 | +0.052% | $522K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0551% | 1h | 1.5194 | −0.168% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Hyperliquid XRP
BloFin XRP-USDT
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD