Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Hotstuff against Aster+0.016%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Hotstuff

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5531	0.0100	pay 0.0100% / 8h	42m 25s	$39.5M	$80.3M	100x
Short	Hotstuff XRP-PERP	1.5533	−0.0080	pay 0.0010% / 1h	42m 25s	$7K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Aster. 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 AsterbpFee HotstuffbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$37.8
Price spread: +0.016% → 0.000%: $1.58
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$49.22
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 2 min ago	0.64 bp	4.6 bp −$5	4.9 bp −$49	10.8 bp −$1,084	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	1.5533	+0.016%	$7K	$2K	20x
dYdX XRP-USD	0.0000%	1h	1.5541	+0.071%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5620	+0.576%	$70K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5553	+0.145%	$9.7M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5523	−0.047%	$260K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0104%	1h	1.5522	−0.052%	$854K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5553	+0.143%	$15.6M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0057%	8h	1.5555	+0.157%	$76K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+0.190%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5535	+0.028%	$3.0M	$12.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5545	+0.093%	$443K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5537	+0.045%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5531	long leg	$39.5M	$80.3M	100x
Pacifica XRP	+0.0100%	1h	1.5536	+0.033%	$639K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5532	+0.009%	$556.3M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5530	−0.003%	$347.0M	$917.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5530	−0.003%	$126.9M	$888.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5546	+0.100%	$579K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5536	+0.035%	$117K	$754K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.661%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5530	−0.003%	$373.8M	$144.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5527	−0.023%	$297.9M	$870.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5526	−0.028%	$113.0M	$163.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5528	−0.016%	$271.5M	$370.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5524	−0.042%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5624	+0.599%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5600	+0.449%	$677K	$103.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5583	+0.336%	$1.1M	$40.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5597	+0.428%	$1.0M	$899K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5537	+0.040%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5532	+0.009%	$48K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5526	−0.029%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5557	+0.167%	$837K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5560	+0.193%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5551	+0.132%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5554	+0.150%	$51.1M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5554	+0.151%	$55.3M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5531	+0.002%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5540	+0.061%	$13K	$267K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5530	−0.002%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5554	+0.149%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5538	+0.048%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5526	−0.031%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5553	+0.145%	$24.5M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5562	+0.203%	$5.9M	$47.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5587	+0.363%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0316%	8h	1.5570	+0.254%	$2.0M	$33.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0361%	1h	1.5564	+0.215%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0617%	1h	1.5548	+0.112%	$295.9M	$209.2M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5544	+0.088%	$507K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0810%	1h	1.5587	+0.364%	$1K	$11K	10x	as long as short