Funding arb · Price arb /

XRP

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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: Hotstuff against KuCoin−0.104%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Hotstuff

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 against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.104% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5230	0.0100	pay 0.0100% / 8h	1h 26m	$107.9M	$182.0M	75x
Short	Hotstuff XRP-PERP	1.5214	−0.0080	pay 0.0010% / 1h	26m 22s	$5K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against KuCoin. 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 KuCoinbpFee HotstuffbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$37.8
Price spread: −0.104% → 0.000%: −$10.44
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$65.24
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Hotstuff: 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 KuCoin live order book, 3 min ago	0.03 bp	8.3 bp −$8	10.6 bp −$106	30.5 bp −$3,055	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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-PERPshort	−0.0080%	1h	1.5214	−0.104%	$5K	$3K	20x
dYdX XRP-USD	0.0000%	1h	1.5221	−0.061%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	−0.393%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	−0.026%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5209	−0.134%	$14.4M	$74.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.167%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5213	−0.111%	$7.7M	$24.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0085% / S −0.0035%	1h	1.5204	−0.168%	$802K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5221	−0.055%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5222	−0.052%	$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	1.5219	−0.072%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5225	−0.029%	$991K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5230	0.000%	$38.7M	$87.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5223	−0.046%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5230	+0.001%	$534.4M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5227	−0.019%	$347.2M	$962.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5233	+0.020%	$127.6M	$887.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5198	−0.209%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5234	+0.027%	$144K	$715K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5221	−0.058%	$377.8M	$160.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5232	+0.014%	$305.2M	$926.4M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5230	long leg	$107.9M	$182.0M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5229	−0.006%	$268.5M	$397.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5224	−0.039%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5158	−0.473%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5165	−0.429%	$659K	$113.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5162	−0.446%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5169	−0.400%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5226	−0.026%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5233	+0.020%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5230	0.000%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5210	−0.131%	$65K	$773K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.535%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5216	−0.090%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5211	−0.124%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5206	−0.155%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5206	−0.157%	$54.5M	$32.4M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5157	−0.479%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5231	+0.007%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5219	−0.073%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5234	+0.027%	$9K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5210	−0.131%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5172	−0.381%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5215	−0.098%	$5.7M	$48.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0182%	1h	1.5221	−0.058%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0197%	1h	1.5243	+0.086%	$289.8M	$265.0M	20x	as long as short
Kalshi KXXRPPERP	+0.0212%	8h	1.5205	−0.163%	$1.8M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5228	−0.012%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5205	−0.163%	$23.7M	$78.1M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5235	+0.032%	$532K	$800K	10x	as long as short
Aftermath Perps XRPUSD	+0.0606%	1h	1.5183	−0.307%	$2K	$16K	10x	as long as short