Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against Gate+0.026%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Hotstuff

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 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 0.026% dearer against Gate than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5188	0.0100	pay 0.0100% / 8h	5h 09m	$368.6M	$153.8M	100x
Short	Hotstuff XRP-PERP	1.5192	−0.0080	pay 0.0010% / 1h	9m 38s	$5K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Gate. 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 GatebpFee HotstuffbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$37.8
Price spread: +0.026% → 0.000%: $2.63
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$55.17
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago	0.33 bp	11.4 bp −$11	14.8 bp −$148	29.0 bp −$2,903	40.7 bp −$20.3K
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	1.5192	+0.026%	$5K	$3K	20x
dYdX XRP-USD	0.0000%	1h	1.5184	−0.026%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5204	+0.105%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5211	+0.151%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.449%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0034% / S +0.0038%	1h	1.5203	+0.100%	$798K	—	200x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5186	−0.013%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0077%	8h	1.5208	+0.132%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5190	+0.014%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5189	+0.007%	$512K	$3.3M	20x	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	1.5182	−0.040%	$10K	$311K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5223	+0.227%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5201	+0.086%	$282.5M	$223.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5196	+0.050%	$38.4M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5189	+0.006%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5185	−0.020%	$536.3M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5187	−0.007%	$346.6M	$930.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5190	+0.013%	$126.0M	$872.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5180	−0.053%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5190	+0.013%	$114K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5223	+0.230%	$1.6M	$49K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5188	long leg	$368.6M	$153.8M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5188	0.000%	$297.0M	$903.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5194	+0.040%	$109.0M	$171.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5186	−0.013%	$269.5M	$381.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5186	−0.013%	—	$126.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	+0.076%	$5.9M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5211	+0.150%	$661K	$107.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	+0.084%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5221	+0.217%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5212	+0.155%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5224	+0.237%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5206	+0.119%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5208	+0.131%	$818K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5228	+0.263%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5210	+0.145%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5224	+0.237%	$49.8M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5208	+0.132%	$54.1M	$30.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5188	0.000%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5182	−0.042%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5206	+0.119%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0190%	1h	1.5211	+0.151%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.5211	+0.153%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5203	+0.096%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5212	+0.158%	$5.6M	$46.6M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5225	+0.244%	$24.3M	$75.5M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0272%	1h	1.5205	+0.113%	$14.4M	$73.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0344%	8h	1.5217	+0.191%	$2.1M	$34.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5191	+0.023%	$517K	$778K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	+0.211%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0653%	1h	1.5222	+0.226%	$2K	$14K	10x	as long as short