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: Bitget against Hotstuff−0.152%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 Bitget

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

Funding pays, the price is against you. Bitget is 0.152% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.152% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 2.8 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff XRP-PERP	1.5118	−0.0080	get 0.0010% / 1h	57m 10s	$5K	$3K	20x
Short	Bitget XRPUSDT	1.5095	0.0100	get 0.0100% / 8h	5h 57m	$266.2M	$379.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.152%Rate

Funding earned: $37.8
Price spread: −0.152% → 0.000%: −$15.21
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: $5.59
Costs to cover: 0.170%
Break-even: 6.0 days

Slippage unknown: Hotstuff: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.33 bp	7.0 bp −$7	9.6 bp −$96	17.6 bp −$1,760	31.9 bp −$16.0K

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 50 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	1.5118	long leg	$5K	$3K	20x
dYdX XRP-USD	0.0000%	1h	1.5082	−0.239%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	+0.146%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5083	−0.234%	$252K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0025% / S +0.0051%	1h	1.5083	−0.234%	$797K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.924%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0074%	8h	1.5086	−0.212%	$61K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5088	−0.198%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5088	−0.195%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5096	−0.146%	$507K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5082	−0.238%	$9K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5090	−0.189%	$964K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5101	−0.115%	$278.9M	$220.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5085	−0.218%	$38.2M	$83.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5090	−0.183%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5090	−0.186%	$534.7M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5098	−0.132%	$340.7M	$925.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5101	−0.112%	$124.3M	$861.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5118	0.000%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5094	−0.159%	$114K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5144	+0.172%	$1.6M	$214K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5095	−0.152%	$367.2M	$149.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5098	−0.132%	$292.7M	$889.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5094	−0.160%	$106.3M	$170.2M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5095	−0.152%	$266.2M	$379.2M	125x
BingX XRP-USDC	+0.0100%	8h	1.5091	−0.179%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5125	+0.045%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5125	+0.048%	$657K	$109.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5120	+0.013%	$1.1M	$36.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5121	+0.020%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5092	−0.171%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5086	−0.212%	$41K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5087	−0.203%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5088	−0.199%	$812K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5091	−0.179%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5085	−0.218%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5089	−0.194%	$49.4M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5092	−0.172%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5087	−0.207%	$470K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5083	−0.231%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5084	−0.225%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0148%	1h	1.5088	−0.198%	$7.7M	$25.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0151%	1h	1.5105	−0.086%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5084	−0.223%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5092	−0.172%	$5.6M	$46.2M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0275%	1h	1.5083	−0.232%	$14.4M	$72.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5107	−0.069%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0356%	8h	1.5099	−0.126%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5095	−0.154%	$526K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0768%	1h	1.5120	+0.013%	$2K	$14K	10x	as long as short