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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0192%/8h= −21.0% APRnext payment $0.24 per $10,000 · paid last 24h −0.063%
Price spread now: Hotstuff against 01 Exchange−0.059%59s7-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 −$6 a day on $10k at the current rate, and Hotstuff is 0.059% cheaper against 01 Exchange than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange XRPUSD1.51510.0112pay 0.0014% / 1h59m 40s$8K$8K10x
ShortHotstuff XRP-PERP1.5142−0.0080pay 0.0010% / 1h59m 40s$5K$3K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against 01 Exchange. 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
−$40.32
Price spread: −0.059% → 0.000%
−$5.94
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$58.26
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell Hotstuff no order-book sample
01 Exchange 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERPshort−0.0080%1h1.5142−0.059%$5K$3K20x
Kraken Futures PF_XRPUSD−0.0071%1h1.5153+0.016%$14.3M$73.8M50xas long as short
dYdX XRP-USD0.0000%1h1.5160+0.060%$1.1M$111K10xas long as short
Phoenix XRP0.0000%1h1.5150−0.007%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5157+0.041%$253K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5163+0.079%$7.7M$25.5M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.699%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0047% / S +0.0019%1h1.5156+0.034%$790K200xas long as short
Orderly PERP_XRP_USDC+0.0095%8h1.5159+0.053%$62K$934K50xas long as short
Lighter XRP+0.0096%1h1.5161+0.065%$2.8M$14.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5160+0.059%$498K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5145−0.040%$10K$331K20xas long as short
Nado XRP-PERP+0.0100%1h1.5164+0.083%$1.1M$6.0M20xas long as short
Hyperliquid XRP+0.0100%1h1.5169+0.117%$280.8M$228.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5157+0.040%$38.3M$83.8M100xas long as short
Pacifica XRP+0.0100%1h1.5161+0.066%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5158+0.049%$533.2M$2.12B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5162+0.073%$346.7M$937.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5161+0.066%$127.1M$877.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5138−0.086%$563K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5155+0.026%$117K$705K20xas long as short
Bulk XRP-USD+0.0100%1h1.5114−0.244%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5157+0.040%$370.1M$152.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5161+0.066%$293.1M$895.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5161+0.063%$108.0M$175.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5156+0.033%$268.3M$386.0M125xas long as short
BingX XRP-USDT+0.0100%8h1.5154+0.020%$127.4Mas long as short
Variational Omni XRP+0.0100%8h1.5154+0.019%$4.8M$38.1Mas long as short
edgeX XRPUSDC+0.0100%4h1.5133−0.120%$657K$108.8M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5140−0.072%$1.1M$36.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5143−0.053%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5159+0.051%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5162+0.073%$44K$454K20xas long as short
Bullet XRP-USD+0.0100%1h1.5158+0.048%$41K$67K20xas long as short
Derive XRP-PERP+0.0100%1h1.5161+0.065%$816K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5163+0.081%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5156+0.033%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5151+0.002%$49.6M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5153+0.013%$53.9M$31.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5162+0.070%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5151−0.001%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5158+0.049%$58K$25K3xas long as short
01 Exchange XRPUSDlong+0.0112%1h1.5151long leg$8K$8K10x
Coinbase International XRP-PERP-INTX+0.0192%1h1.5164+0.086%$5.6M$47.2M50xas long as short
Backpack XRP_USDC_PERP+0.0195%1h1.5162+0.073%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0216%1h1.5157+0.043%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5159+0.054%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5152+0.007%$24.2M$76.1M125xas long as short
Kalshi KXXRPPERP+0.0314%8h1.5163+0.079%$2.0M$34.9M2.9xas long as short
RISEx XRP/USDC+0.0358%1h1.5156+0.033%$516K$773K10xas long as short
Aftermath Perps XRPUSD+0.0678%1h1.5144−0.044%$2K$15K10xas long as short