Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: HTX against Hotstuff+0.100%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on HTX

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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and HTX is 0.100% dearer against Hotstuff than usual: you sell high and buy low: +$10 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	1.5214	−0.0080	get 0.0010% / 1h	25m 31s	$5K	$3K	20x
Short	HTX XRP-USDT	1.5229	0.0100	get 0.0100% / 8h	1h 25m	$49.7M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.100%Rate

Funding earned: $37.8
Price spread: +0.100% → 0.000%: $9.99
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: $30.79
Costs to cover: 0.170%
Break-even: 1.3 days

Slippage unknown: Hotstuff: no order-book sample; HTX: live order book, 4 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 HTX live order book, 4 min ago	0.03 bp	9.2 bp −$9	10.8 bp −$108	29.1 bp −$2,906	doesn't fit

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	1.5214	long leg	$5K	$3K	20x
dYdX XRP-USD	0.0000%	1h	1.5221	+0.044%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	−0.289%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	+0.079%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5232	+0.117%	$14.4M	$74.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.274%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0078%	1h	1.5233	+0.125%	$7.7M	$24.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0085% / S −0.0035%	1h	1.5204	−0.063%	$802K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5218	+0.027%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5227	+0.085%	$547K	$3.2M	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	+0.0099%	8h	1.5227	+0.085%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5232	+0.115%	$991K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5235	+0.141%	$38.7M	$87.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5217	+0.022%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5238	+0.158%	$534.7M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5234	+0.131%	$347.3M	$963.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5234	+0.131%	$127.6M	$887.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5198	−0.105%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5239	+0.164%	$144K	$715K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5228	+0.092%	$377.9M	$160.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5229	+0.099%	$304.3M	$926.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5210	−0.028%	$107.8M	$182.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5228	+0.092%	$268.6M	$397.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5220	+0.039%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5222	+0.052%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5198	−0.104%	$660K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5212	−0.014%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5207	−0.046%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5235	+0.135%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5233	+0.125%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5230	+0.104%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5226	+0.079%	$65K	$773K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.431%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5234	+0.132%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5231	+0.112%	$29K	$1.6M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5229	+0.100%	$49.7M	$15.6M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5226	+0.079%	$54.5M	$32.5M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5157	−0.375%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5222	+0.056%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5228	+0.091%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5227	+0.086%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5242	+0.184%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5172	−0.277%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5234	+0.131%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0187%	1h	1.5241	+0.177%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0198%	1h	1.5223	+0.059%	$289.5M	$265.1M	20x	as long as short
Kalshi KXXRPPERP	+0.0217%	8h	1.5228	+0.092%	$1.8M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5228	+0.093%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5205	−0.059%	$23.7M	$78.1M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5235	+0.137%	$532K	$800K	10x	as long as short
Aftermath Perps XRPUSD	+0.0606%	1h	1.5183	−0.203%	$2K	$16K	10x	as long as short