Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0180%/8h= −19.7% APRnext payment $0.23 per $10,000 · paid last 24h −0.054%
Price spread now: Hotstuff against Pacifica−0.035%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · Hotstuff: 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 0.035% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XRP1.51970.0100pay 0.0013% / 1h27m 02s$609K$1.1M20x
ShortHotstuff XRP-PERP1.5192−0.0080pay 0.0010% / 1h27m 02s$5K$3K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Pacifica. 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

Funding earned
−$37.8
Price spread: −0.035% → 0.000%
−$3.53
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$54.33
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 2 min ago1.64 bp6.2 bp −$6doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERPshort−0.0080%1h1.5192−0.035%$5K$3K20x
dYdX XRP-USD0.0000%1h1.5187−0.065%$1.1M$115K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5190−0.052%$254K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.5195−0.016%$7.8M$25.4M50xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5192−0.032%$14.4M$74.5M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.386%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0054% / S +0.0009%1h1.5190−0.052%$793K200xas long as short
Lighter XRP+0.0096%1h1.51970.000%$2.9M$14.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5198+0.004%$497K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5196−0.009%$10K$347K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5193−0.025%$989K$6.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5192−0.035%$38.5M$85.3M100xas long as short
Pacifica XRPlong+0.0100%1h1.5197long leg$609K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5191−0.040%$535.2M$2.15B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5199+0.011%$347.3M$943.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5199+0.011%$126.9M$888.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5182−0.101%$566K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5199+0.011%$134K$705K20xas long as short
Bulk XRP-USD+0.0100%1h1.5212+0.096%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5194−0.022%$369.7M$155.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5190−0.048%$296.0M$903.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5195−0.018%$109.2M$177.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5197−0.002%$269.6M$389.6M125xas long as short
BingX XRP-USDC+0.0100%8h1.5191−0.042%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5245+0.312%$4.9M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5228+0.200%$661K$110.0M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5219+0.142%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5252+0.360%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5197−0.003%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5196−0.009%$45K$477K20xas long as short
Bullet XRP-USD+0.0100%1h1.5189−0.055%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5187−0.068%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5188−0.062%$817K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5195−0.015%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5192−0.035%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5191−0.042%$49.7M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5193−0.029%$54.1M$31.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5194−0.023%$474K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5183−0.094%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5187−0.071%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5197−0.002%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5198+0.004%$5.7M$47.7M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5192−0.036%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5184−0.088%$24.1M$76.1M125xas long as short
Backpack XRP_USDC_PERP+0.0273%1h1.5203+0.037%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0280%1h1.5231+0.224%$17K$82K7xas long as short
RISEx XRP/USDC+0.0358%1h1.5198+0.005%$518K$776K10xas long as short
Kalshi KXXRPPERP+0.0359%8h1.5201+0.024%$1.9M$35.2M2.9xas long as short
Hyperliquid XRP+0.0395%1h1.5211+0.090%$301.2M$245.9M20xas long as short
Phoenix XRP+0.0528%1h1.5230+0.215%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0677%1h1.5213+0.102%$2K$15K10xas long as short