Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0300%/8h= +32.9% APRpaid last 24h +0.090%

Price spread now: BloFin against Hotstuff−0.139%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 BloFin

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. BloFin is 0.139% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.139% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 37 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff XRP-PERP	1.5162	−0.0080	get 0.0010% / 1h	38m 53s	$5K	$3K	20x
Short	BloFin XRP-USDT	1.5141	0.0220	get 0.0220% / 8h	4h 38m	$24.1M	$76.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.139%Rate

Funding earned: $63
Price spread: −0.139% → 0.000%: −$13.85
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $32.15
Costs to cover: 0.170%
Break-even: 3.4 days

Slippage unknown: Hotstuff: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	0.99 bp	7.0 bp −$7	8.7 bp −$87	14.3 bp −$1,430	26.3 bp −$13.1K

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	1.5162	long leg	$5K	$3K	20x
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5137	−0.163%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5155	−0.045%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	−0.079%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5141	−0.139%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5149	−0.084%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.625%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0040% / S +0.0030%	1h	1.5150	−0.078%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5153	−0.059%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0080%	8h	1.5141	−0.139%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5142	−0.129%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5143	−0.125%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5142	−0.132%	$10K	$321K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	−0.102%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5153	−0.059%	$281.4M	$225.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5146	−0.106%	$38.3M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5160	−0.016%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5149	−0.089%	$533.7M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5147	−0.099%	$344.6M	$931.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5149	−0.086%	$125.9M	$874.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	+0.086%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5103	−0.389%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	−0.107%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5146	−0.106%	$369.8M	$153.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5146	−0.106%	$289.4M	$897.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5150	−0.078%	$108.0M	$173.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5149	−0.086%	$267.7M	$384.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5148	−0.092%	—	$126.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5148	−0.094%	$5.4M	$37.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5151	−0.071%	$658K	$108.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5180	+0.119%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5149	−0.086%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5157	−0.033%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5154	−0.053%	$43K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5151	−0.072%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5140	−0.145%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5147	−0.096%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5139	−0.152%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5139	−0.150%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5142	−0.132%	$54.0M	$30.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5148	−0.092%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5141	−0.140%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5137	−0.163%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0160%	1h	1.5172	+0.065%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0163%	1h	1.5151	−0.073%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5147	−0.099%	$5.6M	$47.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5151	−0.072%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5141	−0.139%	$24.1M	$76.0M	125x
Kalshi KXXRPPERP	+0.0316%	8h	1.5164	+0.013%	$2.1M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5152	−0.065%	$516K	$779K	10x	as long as short
Aftermath Perps XRPUSD	+0.0665%	1h	1.5155	−0.046%	$2K	$15K	10x	as long as short