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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0180%/8h= −19.7% APRnext payment $0.23 per $10,000 · paid last 24h −0.054%
Price spread now: Hotstuff against SoDEX−0.013%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 3 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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XRP-USD1.51850.0100pay 0.0013% / 1h32m 58s$29K$1.7M10x
ShortHotstuff XRP-PERP1.5183−0.0080pay 0.0010% / 1h32m 58s$5K$3K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against SoDEX. 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: −0.013% → 0.000%
−$1.32
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$52.12
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago0.33 bp4.3 bp −$47.4 bp −$74doesn'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%1h1.5183−0.013%$5K$3K20x
dYdX XRP-USD0.0000%1h1.5171−0.089%$1.1M$110K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5180−0.034%$254K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.470%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0033% / S +0.0044%1h1.5180−0.034%$820K200xas long as short
01 Exchange XRPUSD+0.0072%1h1.5182−0.020%$8K$8K10xas long as short
Orderly PERP_XRP_USDC+0.0075%8h1.5182−0.020%$62K$935K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0079%1h1.5186+0.007%$7.7M$25.4M50xas long as short
Lighter XRP+0.0096%1h1.5187+0.013%$2.8M$14.4M20xas long as short
Lighter RH XRP+0.0096%1h1.5188+0.020%$513K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5171−0.092%$10K$308K20xas long as short
Nado XRP-PERP+0.0100%1h1.5183−0.016%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5195+0.066%$281.6M$220.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5186+0.006%$38.5M$83.3M100xas long as short
Pacifica XRP+0.0100%1h1.5183−0.014%$610K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.51850.000%$538.3M$2.09B100xas long as short
Bybit XRPUSDT+0.0100%8h1.51850.000%$344.5M$925.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5187+0.013%$125.7M$868.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5156−0.191%$563K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5184−0.007%$115K$707K20xas long as short
Bulk XRP-USD+0.0100%1h1.5156−0.190%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5183−0.013%$370.2M$151.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.51850.000%$293.9M$897.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5183−0.014%$106.9M$171.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.51850.000%$267.7M$380.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5183−0.013%$126.0Mas long as short
Variational Omni XRP+0.0100%8h1.5151−0.227%$5.7M$36.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5154−0.205%$658K$109.2M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5167−0.117%$1.1M$35.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5161−0.158%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5181−0.028%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5186+0.007%$42K$449K20xas long as short
Bullet XRP-USD+0.0100%1h1.5181−0.024%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5183−0.011%$817K$73K10xas long as short
SunX XRP-USDT+0.0100%8h1.5189+0.029%$127K$1.8M30xas long as short
SoDEX XRP-USDlong+0.0100%1h1.5185long leg$29K$1.7M10x
HTX XRP-USDT+0.0100%8h1.5182−0.018%$49.7M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.51850.000%$54.0M$30.0M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5183−0.010%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5181−0.025%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5181−0.028%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0207%1h1.5193+0.053%$1.9M$1.3M25xas long as short
Reya XRPRUSDPERP+0.0215%1h1.5181−0.026%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5187+0.013%$5.6M$46.5M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5175−0.066%$24.3M$75.0M125xas long as short
Hibachi XRP/USDT-P+0.0272%1h1.5163−0.143%$17K$82K7xas long as short
Kraken Futures PF_XRPUSD+0.0273%1h1.5182−0.020%$14.5M$73.1M50xas long as short
Kalshi KXXRPPERP+0.0353%8h1.5184−0.007%$2.2M$34.9M2.9xas long as short
RISEx XRP/USDC+0.0484%1h1.5187+0.014%$517K$776K10xas long as short
Phoenix XRP+0.0528%1h1.5130−0.362%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0684%1h1.5150−0.232%$2K$14K10xas long as short