Funding you earn now, next payment 03:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.054%
Price spread now: Derive against Hotstuff+0.062%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Derive is 0.062% dearer against Hotstuff than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff XRP-PERP | 1.5089 | −0.0080 | get 0.0010% / 1h | 53m 34s | $5K | $3K | 20x |
| Short | Derive XRP-PERP | 1.5098 | 0.0100 | get 0.0013% / 1h | 53m 34s | $812K | $75K | 10x |
Hotstuff XRP-PERP
Derive XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $37.8
- Price spread: +0.062% → 0.000%
- $6.17
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $32.97
- Costs to cover
- 0.110%
- Break-even
- 0.9 days
Slippage unknown: Hotstuff: no order-book sample; Derive: 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Hotstuff and Derive: 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 | 1.5089 | long leg | $5K | $3K | 20x | |
| dYdX XRP-USD | 0.0000% | 1h | 1.5096 | +0.046% | $1.1M | $110K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5130 | +0.272% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5087 | −0.011% | $252K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0025% / S +0.0051% | 1h | 1.5087 | −0.016% | $797K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.121% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0075% | 8h | 1.5097 | +0.053% | $62K | $935K | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0088% | 1h | 1.5106 | +0.113% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5098 | +0.058% | $2.8M | $14.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5098 | +0.060% | $508K | $3.2M | 20x | as long as short |
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
01 Exchange XRPUSD
Lighter XRP
Lighter RH XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5096 | +0.046% | $9K | $305K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5098 | +0.063% | $985K | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5108 | +0.125% | $279.1M | $219.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5098 | +0.063% | $38.3M | $83.0M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5100 | +0.073% | $606K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5106 | +0.113% | $535.7M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5105 | +0.106% | $341.3M | $924.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5107 | +0.119% | $124.6M | $860.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5072 | −0.113% | $561K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5108 | +0.126% | $114K | $694K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5087 | −0.016% | $1.6M | $161K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5100 | +0.073% | $368.3M | $150.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5099 | +0.066% | $292.4M | $891.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5095 | +0.037% | $106.3M | $170.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5101 | +0.080% | $266.2M | $379.1M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5104 | +0.099% | — | $126.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5143 | +0.358% | $6.1M | $35.9M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5094 | +0.036% | $655K | $108.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5115 | +0.172% | $1.1M | $35.9M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5094 | +0.033% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5093 | +0.026% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5084 | −0.033% | $41K | $447K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5091 | +0.012% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERPshort | +0.0100% | 1h | 1.5098 | +0.062% | $812K | $75K | 10x | |
| SunX XRP-USDT | +0.0100% | 8h | 1.5092 | +0.020% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5101 | +0.080% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5088 | −0.009% | $49.4M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5094 | +0.033% | $53.7M | $29.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5105 | +0.103% | $471K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5100 | +0.072% | $2.0M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5098 | +0.058% | $58K | $25K | 3x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0214% | 1h | 1.5104 | +0.099% | $7.7M | $25.1M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5086 | −0.019% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5099 | +0.066% | $5.6M | $46.2M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0219% | 1h | 1.5097 | +0.053% | $1.9M | $1.3M | 25x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0274% | 1h | 1.5097 | +0.053% | $14.4M | $72.8M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5139 | +0.334% | $17K | $81K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0356% | 8h | 1.5093 | +0.027% | $2.1M | $34.9M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5109 | +0.136% | $526K | $787K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0751% | 1h | 1.5112 | +0.149% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Deribit XRP_USDC-PERPETUAL
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Kraken Futures PF_XRPUSD
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD