XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.030%

Price spread now: Hotstuff against Deribit−0.040%7-day average — · you buy dearer than you sell

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

Long on Deribit 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 −$3 a day on $10k at the current rate, and Hotstuff is 0.040% cheaper against Deribit 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5013	0.0017	pay 0.0002% / 1h	29m 17s	$7.6M	$25.7M	50x
Short	Hotstuff XRP-PERP	1.5007	−0.0080	pay 0.0010% / 1h	29m 17s	$5K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Deribit. 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 DeribitbpFee HotstuffbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$20.37
Price spread: −0.040% → 0.000%: −$4
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$36.37
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 5 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 Deribit live order book, 5 min ago	0.33 bp	5.5 bp −$6	7.7 bp −$77	46.1 bp −$4,609	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	1.5007	−0.040%	$5K	$3K	20x
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5006	−0.050%	$14.1M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5003	−0.064%	$1.1M	$130K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5030	+0.113%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5010	−0.023%	$257K	—	150x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0017%	1h	1.5013	long leg	$7.6M	$25.7M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.644%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5011	−0.012%	$786K	—	200x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5023	+0.067%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5005	−0.053%	$2.8M	$14.9M	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	1.5007	−0.040%	$494K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5022	+0.060%	$12K	$363K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5025	+0.080%	$911K	$6.3M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5029	+0.107%	$287.5M	$259.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5003	−0.067%	$38.3M	$87.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5011	−0.013%	$600K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5005	−0.053%	$525.2M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5006	−0.047%	$340.0M	$961.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5007	−0.040%	$124.6M	$889.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5006	−0.047%	$559K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5025	+0.080%	$143K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5027	+0.093%	$1.6M	$4K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5015	+0.013%	$368.0M	$158.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5005	−0.053%	$288.2M	$914.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5003	−0.065%	$106.1M	$180.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5000	−0.087%	$264.4M	$397.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5009	−0.027%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5004	−0.059%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5013	+0.001%	$652K	$112.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5011	−0.012%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5014	+0.007%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5018	+0.031%	—	$13K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5022	+0.060%	$51K	$493K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5014	+0.008%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5007	−0.040%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5006	−0.044%	$807K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5015	+0.016%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5005	−0.053%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5007	−0.038%	$49.0M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5005	−0.053%	$53.5M	$31.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5010	−0.021%	$468K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5005	−0.050%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5008	−0.036%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0133%	8h	1.5018	+0.033%	$1.7M	$35.7M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0165%	1h	1.5014	+0.007%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5009	−0.027%	$5.6M	$48.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5008	−0.033%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5016	+0.023%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5011	−0.013%	$23.3M	$76.0M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5028	+0.101%	$513K	$779K	10x	as long as short
Aftermath Perps XRPUSD	+0.0604%	1h	1.5031	+0.118%	$2K	$16K	10x	as long as short