XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.054%

Price spread now: Hotstuff against Bulk+0.334%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bulk Short on Hotstuff

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.334% dearer against Bulk than usual: you sell high and buy low (spread +0.334% now, against zero (this spread has no 7-day history yet)): +$33 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5296	0.0100	pay 0.0013% / 1h	30m 40s	$1.6M	$517K	20x
Short	Hotstuff XRP-PERP	1.5347	−0.0080	pay 0.0010% / 1h	30m 40s	$7K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bulk. 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

Position, each leg$Hold fordaysFee BulkbpFee HotstuffbpOrdersPrice spread, now +0.334%Rate

Funding earned: −$37.8
Price spread: +0.334% → 0.000%: $33.44
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$16.36
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bulk: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bulk live order book, 3 min ago	0.33 bp	3.8 bp −$4	5.1 bp −$51	12.9 bp −$1,287	29.8 bp −$14.9K
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	1.5347	+0.334%	$7K	$2K	20x
dYdX XRP-USD	0.0000%	1h	1.5326	+0.194%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5333	+0.243%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0014% / S +0.0080%	1h	1.5330	+0.225%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.727%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5334	+0.249%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5337	+0.269%	$9.3M	$25.1M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5329	+0.214%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5339	+0.282%	$514K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5348	+0.341%	$8K	$8K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5344	+0.315%	$10K	$277K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5330	+0.221%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5345	+0.318%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5334	+0.250%	$38.8M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5331	+0.230%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5327	+0.204%	$539.7M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5328	+0.210%	$341.8M	$920.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5328	+0.210%	$124.9M	$868.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	+0.321%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5332	+0.236%	$118K	$712K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5296	long leg	$1.6M	$517K	20x
Gate XRP_USDT	+0.0100%	8h	1.5332	+0.236%	$373.9M	$149.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5327	+0.204%	$309.3M	$903.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5328	+0.212%	$108.8M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5328	+0.210%	$268.3M	$374.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5331	+0.230%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	+0.211%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	+0.115%	$665K	$107.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5322	+0.173%	$1.1M	$38.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5321	+0.164%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5331	+0.228%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5346	+0.328%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5333	+0.243%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5337	+0.271%	$826K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5352	+0.368%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5336	+0.263%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5332	+0.234%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5336	+0.263%	$54.6M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5328	+0.212%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5334	+0.250%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5332	+0.238%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5336	+0.263%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5345	+0.321%	$5.8M	$46.3M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5343	+0.310%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0290%	1h	1.5347	+0.334%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5341	+0.295%	$2.1M	$34.9M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5313	+0.113%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0403%	1h	1.5346	+0.328%	$289.8M	$214.6M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.223%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0803%	1h	1.5331	+0.229%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5351	+0.357%	$507K	$754K	10x	as long as short