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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0438%/8h= −48.0% APRnext payment $0.55 per $10,000 · paid last 24h −0.174%
Price spread now: Hotstuff against RISEx−0.023%7-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 airdropHotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Hotstuff is 0.023% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XRP/USDC1.52480.0358pay 0.0045% / 1h50m 52s$519K$773K10x
ShortHotstuff XRP-PERP1.5244−0.0080pay 0.0010% / 1h50m 52s$5K$3K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against RISEx. 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
−$92.03
Price spread: −0.023% → 0.000%
−$2.32
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$105.36
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: RISEx: 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
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 3 min ago1.61 bp4.6 bp −$510.2 bp −$102doesn'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%1h1.5244−0.023%$5K$3K20x
dYdX XRP-USD0.0000%1h1.5244−0.020%$1.1M$111K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5240−0.051%$255K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.5239−0.056%$7.8M$25.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0021%1h1.5230−0.112%$14.5M$74.0M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.049%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0050% / S +0.0016%1h1.5238−0.060%$782K200xas long as short
Lighter XRP+0.0096%1h1.5232−0.101%$2.9M$14.6M20xas long as short
Lighter RH XRP+0.0096%1h1.5236−0.076%$499K$3.3M20xas long as short
Orderly PERP_XRP_USDC+0.0097%8h1.5239−0.056%$62K$934K50xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0098%8h1.5239−0.056%$15K$341K20xas long as short
Nado XRP-PERP+0.0100%1h1.5246−0.010%$1.1M$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5233−0.093%$38.5M$84.4M100xas long as short
Pacifica XRP+0.0100%1h1.5245−0.016%$612K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5226−0.141%$535.2M$2.14B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5230−0.115%$348.8M$940.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5230−0.115%$127.6M$887.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5174−0.482%$566K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5246−0.010%$119K$706K20xas long as short
Bulk XRP-USD+0.0100%1h1.5181−0.436%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5225−0.148%$372.6M$153.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5226−0.141%$291.1M$897.7M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5235−0.085%$108.9M$176.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5228−0.128%$269.5M$388.1M125xas long as short
BingX XRP-USDC+0.0100%8h1.5230−0.115%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5243−0.031%$4.8M$38.2Mas long as short
edgeX XRPUSDC+0.0100%4h1.5193−0.360%$660K$109.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5221−0.176%$1.1M$36.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5206−0.272%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5239−0.053%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5245−0.017%$44K$455K20xas long as short
Bullet XRP-USD+0.0100%1h1.5245−0.017%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5239−0.057%$820K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5241−0.044%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5235−0.082%$30K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5244−0.023%$49.9M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5225−0.148%$54.3M$31.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5245−0.018%$475K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5226−0.139%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5237−0.072%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0136%1h1.5250+0.016%$9K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5244−0.023%$5.7M$47.6M50xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5247−0.002%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5224−0.154%$24.2M$76.0M125xas long as short
Hyperliquid XRP+0.0224%1h1.5248+0.003%$292.8M$234.1M20xas long as short
Hibachi XRP/USDT-P+0.0240%1h1.5224−0.152%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0326%1h1.5243−0.030%$2.0M$1.4M25xas long as short
Kalshi KXXRPPERP+0.0357%8h1.5245−0.017%$2.1M$35.1M2.9xas long as short
RISEx XRP/USDClong+0.0358%1h1.5248long leg$519K$773K10x
Phoenix XRP+0.0528%1h1.5160−0.574%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0627%1h1.5183−0.425%$2K$15K10xas long as short