Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against Binance−0.007%7-day average — · you buy dearer than you sell

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

Long on Binance 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

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	Binance XRPUSDT	1.5156	0.0100	pay 0.0100% / 8h	7h 33m	$528.3M	$2.17B	100x
Short	Hotstuff XRP-PERP	1.5155	−0.0080	pay 0.0010% / 1h	33m 29s	$5K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Binance. 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 BinancebpFee HotstuffbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$37.8
Price spread: −0.007% → 0.000%: −$0.66
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$53.46
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 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 Binance live order book, 11 min ago	0.33 bp	5.3 bp −$5	6.4 bp −$64	12.1 bp −$1,213	32.4 bp −$16.2K
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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5197	+0.272%	$14.7M	$74.9M	50x	as long as short
Hotstuff XRP-PERPshort	−0.0080%	1h	1.5155	−0.007%	$5K	$3K	20x
dYdX XRP-USD	0.0000%	1h	1.5164	+0.054%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.092%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5198	+0.277%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5210	+0.356%	$7.7M	$23.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.666%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5197	+0.271%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5158	+0.011%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5162	+0.040%	$618K	$3.1M	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	+0.0100%	8h	1.5152	−0.026%	$20K	$381K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5156	+0.003%	$991K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5156	0.000%	$38.4M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5158	+0.013%	$610K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5156	long leg	$528.3M	$2.17B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5154	−0.013%	$353.3M	$939.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5159	+0.020%	$126.3M	$848.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	+0.125%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5160	+0.026%	$143K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	+0.297%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5154	−0.013%	$373.6M	$153.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5160	+0.026%	$311.5M	$916.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5159	+0.020%	$105.9M	$183.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5157	+0.007%	$268.2M	$381.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5154	−0.013%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	+0.290%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5198	+0.277%	$660K	$112.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5198	+0.277%	$1.1M	$33.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5222	+0.435%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5172	+0.108%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5162	+0.040%	$52K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5163	+0.048%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5211	+0.363%	$77K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5208	+0.341%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5195	+0.259%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5197	+0.271%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5198	+0.278%	$49.6M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5196	+0.264%	$54.3M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5160	+0.027%	$473K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5149	−0.048%	$2.1M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5210	+0.354%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5155	−0.007%	$8K	$2K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0118% / S −0.0084%	1h	1.5197	+0.267%	$787K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5205	+0.323%	$5.4M	$47.8M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5216	+0.396%	$1.7M	$33.2M	2.9x	as long as short
Hyperliquid XRP	+0.0184%	1h	1.5171	+0.099%	$289.7M	$267.6M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5196	+0.264%	$23.7M	$77.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5186	+0.200%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0225%	1h	1.5202	+0.304%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5159	+0.018%	$519K	$788K	10x	as long as short
Aftermath Perps XRPUSD	+0.0555%	1h	1.5198	+0.279%	$2K	$16K	10x	as long as short