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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0180%/8h= −19.7% APRnext payment $0.23 per $10,000 · paid last 24h −0.054%
Price spread now: Hotstuff against Pacifica+0.107%54s7-day average · you sell dearer than you buy
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 3 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
The price spread pays, funding is against you. Hotstuff is 0.107% dearer against Pacifica than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 48 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XRP1.53740.0100pay 0.0013% / 1h55m 47s$635K$1.1M20x
ShortHotstuff XRP-PERP1.5390−0.0080pay 0.0010% / 1h55m 47s$7K$2K20x

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: +0.107% → 0.000%
$10.72
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$40.08
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Pacifica: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 3 min ago0.33 bp5.7 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%1h1.5390+0.107%$7K$2K20x
dYdX XRP-USD0.0000%1h1.5367−0.040%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5350−0.153%$68K$89K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5369−0.027%$257K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0008% / S +0.0088%1h1.5366−0.047%$843K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.213%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0061%8h1.5372−0.010%$75K$910K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0075%1h1.5383+0.062%$9.3M$25.6M50xas long as short
Lighter XRP+0.0096%1h1.5378+0.027%$2.9M$13.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5387+0.088%$514K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XRPUSD+0.0096%1h1.5382+0.055%$8K$8K10xas long as short
Katana Perps XRP-USD+0.0100%8h1.5379+0.036%$12K$271K20xas long as short
Nado XRP-PERP+0.0100%1h1.5372−0.011%$1.0M$5.6M20xas long as short
Aster XRPUSDT+0.0100%8h1.5387+0.087%$39.0M$83.2M100xas long as short
Pacifica XRPlong+0.0100%1h1.5374long leg$635K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5370−0.023%$541.0M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5368−0.036%$340.7M$932.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5366−0.049%$125.6M$884.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5339−0.225%$572K$47K5xas long as short
Arcus XRP-USD+0.0100%1h1.5364−0.062%$116K$707K20xas long as short
Bulk XRP-USD+0.0100%1h1.5337−0.238%$1.7M$565K20xas long as short
Gate XRP_USDT+0.0100%8h1.5382+0.055%$375.1M$147.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5371−0.016%$300.3M$890.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5368−0.035%$109.7M$167.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5367−0.042%$269.5M$377.6M125xas long as short
BingX XRP-USDC+0.0100%8h1.5379+0.036%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5388+0.097%$6.5M$35.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5357−0.107%$667K$106.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5369−0.030%$1.1M$40.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5352−0.140%$1.0M$902K50xas long as short
Vest XRP-PERP+0.0100%1h1.5368−0.038%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5376+0.016%$48K$458K20xas long as short
Bullet XRP-USD+0.0100%1h1.5368−0.036%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5376+0.017%$828K$82K10xas long as short
SunX XRP-USDT+0.0100%8h1.5375+0.008%$129K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5379+0.036%$30K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5372−0.013%$50.4M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5385+0.075%$54.7M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5367−0.042%$479K$54K50xas long as short
Extended XRP-USD+0.0104%1h1.5378+0.026%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5371−0.016%$55K$18K3xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5364−0.059%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5390+0.107%$24.0M$75.1M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5388+0.094%$5.8M$47.0M50xas long as short
Kraken Futures PF_XRPUSD+0.0243%1h1.5383+0.059%$14.9M$70.2M50xas long as short
Hibachi XRP/USDT-P+0.0312%1h1.5344−0.192%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0318%8h1.5390+0.107%$2.1M$35.4M2.9xas long as short
Backpack XRP_USDC_PERP+0.0326%1h1.5390+0.107%$1.8M$1.2M25xas long as short
Hyperliquid XRP+0.0556%1h1.5397+0.153%$292.0M$217.1M20xas long as short
Aftermath Perps XRPUSD+0.0776%1h1.5361−0.081%$1K$11K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5383+0.064%$513K$753K10xas long as short