Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: BingX against Hotstuff−0.007%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on BingX

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 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff XRP-PERP	1.5197	−0.0080	get 0.0010% / 1h	21m 29s	$5K	$3K	20x
Short	BingX XRP-USDC	1.5196	0.0100	get 0.0100% / 8h	3h 21m	—	$4.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Hotstuff. 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 HotstuffbpFee BingXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $37.8
Price spread: −0.007% → 0.000%: −$0.66
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: $22.14
Costs to cover: 0.150%
Break-even: 2.9 days

Slippage unknown: Hotstuff: no order-book sample; BingX: live order book, 14 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell BingX live order book, 14 min ago	0.99 bp	8.6 bp −$9	12.4 bp −$124	27.3 bp −$2,730	66.0 bp −$33.0K

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-PERPlong	−0.0080%	1h	1.5197	long leg	$5K	$3K	20x
dYdX XRP-USD	0.0000%	1h	1.5199	+0.012%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5153	−0.292%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5153	−0.290%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5149	−0.319%	$14.4M	$74.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.389%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5150	−0.309%	$790K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5200	+0.022%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5201	+0.026%	$497K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5195	−0.013%	$9K	$350K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5204	+0.043%	$987K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5197	0.000%	$38.8M	$85.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5202	+0.034%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5199	+0.011%	$535.9M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5197	0.000%	$345.9M	$945.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5196	−0.007%	$126.7M	$885.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5187	−0.066%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5201	+0.026%	$138K	$720K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−0.214%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5198	+0.007%	$372.8M	$156.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5199	+0.013%	$295.1M	$905.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5202	+0.032%	$109.4M	$177.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5193	−0.026%	$269.7M	$390.1M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5196	−0.007%	—	$4.2M	—
Variational Omni XRP	+0.0100%	8h	1.5187	−0.068%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5162	−0.230%	$658K	$110.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5166	−0.206%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5170	−0.178%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5184	−0.088%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5194	−0.020%	$46K	$478K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5149	−0.318%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5150	−0.309%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	−0.306%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5151	−0.302%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5150	−0.309%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5150	−0.307%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5150	−0.309%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5198	+0.004%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5195	−0.011%	$2.0M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5148	−0.321%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5204	+0.046%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5157	−0.263%	$5.7M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5192	−0.033%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5163	−0.224%	$24.2M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0256%	1h	1.5163	−0.224%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5150	−0.311%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5156	−0.270%	$1.9M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5201	+0.027%	$518K	$776K	10x	as long as short
Hyperliquid XRP	+0.0411%	1h	1.5210	+0.086%	$299.0M	$249.6M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	−0.046%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0678%	1h	1.5184	−0.085%	$2K	$15K	10x	as long as short