Funding you earn now, next payment 08:00 UTC−0.0083%/8h= −9.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.025%
Price spread now: Hotstuff against gTrade (Gains Network)−0.155%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.155% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XRP/USD | 1.5163 | L +0.0003% / S −0.0004% | pay 0.0000% / 1h | 35m 25s | $245K | — | 150x |
| Short | Hotstuff XRP-PERP | 1.5139 | −0.0080 | pay 0.0010% / 1h | 35m 25s | $5K | $3K | 20x |
gTrade (Gains Network) XRP/USD
Hotstuff XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.5
- Price spread: −0.155% → 0.000%
- −$15.5
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$48
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 4 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 gTrade (Gains Network) virtual book (oracle venue), 4 min ago | 130.05 bp | 135.1 bp −$135 | 208.0 bp −$2,080 | 1906.1 bp −$190.6K | 9819.7 bp −$4.91M |
| 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 | 1.5139 | −0.155% | $5K | $3K | 20x | |
| dYdX XRP-USD | 0.0000% | 1h | 1.5139 | −0.155% | $1.1M | $148K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5164 | +0.010% | $7.8M | $24.1M | 50x | as long as short |
| gTrade (Gains Network) XRP/USDlong | L +0.0003% / S −0.0004% | 1h | 1.5163 | long leg | $245K | — | 150x | |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.622% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5157 | −0.040% | $14.5M | $73.8M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5147 | −0.099% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5149 | −0.089% | $603K | $3.2M | 20x | as long as short |
| 01 Exchange XRPUSD | +0.0096% | 1h | 1.5140 | −0.148% | $8K | $2K | 10x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5134 | −0.188% | $20K | $380K | 20x | as long as short |
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Lighter XRP
Lighter RH XRP
01 Exchange XRPUSD
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5145 | −0.119% | $1.0M | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5137 | −0.168% | $38.3M | $86.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5150 | −0.083% | $611K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5136 | −0.175% | $529.6M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5135 | −0.181% | $348.8M | $955.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5135 | −0.181% | $127.6M | $866.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5179 | +0.109% | $564K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5143 | −0.129% | $143K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | +0.181% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5138 | −0.162% | $377.1M | $160.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5137 | −0.168% | $308.5M | $923.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5152 | −0.070% | $106.1M | $183.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5140 | −0.148% | $267.6M | $390.4M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5140 | −0.148% | — | $107.6M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5150 | −0.085% | $4.9M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5179 | +0.109% | $659K | $113.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5210 | +0.313% | $1.1M | $35.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5181 | +0.122% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5148 | −0.095% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5140 | −0.148% | $51K | $511K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5162 | 0.000% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5163 | +0.003% | $77K | $688K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5160 | −0.014% | $816K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5166 | +0.020% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5157 | −0.036% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5163 | +0.003% | $49.5M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5153 | −0.063% | $54.1M | $32.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5152 | −0.071% | $472K | $55K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0101% / S −0.0061% | 1h | 1.5163 | +0.004% | $782K | — | 200x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5131 | −0.206% | $2.1M | $6.9M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0104% | 1h | 1.5169 | +0.042% | $17K | $78K | 7x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5158 | −0.032% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0123% | 1h | 1.5148 | −0.096% | $288.8M | $267.8M | 20x | as long as short |
| Backpack XRP_USDC_PERP | +0.0147% | 1h | 1.5165 | +0.016% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5160 | −0.016% | $5.6M | $48.2M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0192% | 8h | 1.5178 | +0.102% | $1.8M | $34.5M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5136 | −0.177% | $1.3M | $4K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5169 | +0.043% | $23.5M | $77.6M | 125x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5141 | −0.144% | $520K | $806K | 10x | as long as short |
| Phoenix XRP | +0.0526% | 1h | 1.5230 | +0.445% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0645% | 1h | 1.5208 | +0.298% | $2K | $16K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
GMX XRP/USD [ETH-USDC]
Extended XRP-USD
Hibachi XRP/USDT-P
Aevo XRP-PERP
Hyperliquid XRP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD