Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: Binance against Hotstuff−0.053%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Binance

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

Funding pays, the price is against you. Binance is 0.053% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 23 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff XRP-PERP	1.5172	−0.0080	get 0.0010% / 1h	20m 07s	$5K	$3K	20x
Short	Binance XRPUSDT	1.5164	0.0100	get 0.0100% / 8h	4h 20m	$535.1M	$2.11B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hotstuff. 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 HotstuffbpFee BinancebpOrdersPrice spread, now −0.053%Rate

Funding earned: $37.8
Price spread: −0.053% → 0.000%: −$5.27
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: $17.53
Costs to cover: 0.150%
Break-even: 3.8 days

Slippage unknown: Hotstuff: no order-book sample; Binance: live order book, 9 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.33 bp	5.3 bp −$5	6.1 bp −$61	12.1 bp −$1,207	26.2 bp −$13.1K

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-PERPlong	−0.0080%	1h	1.5172	long leg	$5K	$3K	20x
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5165	−0.045%	$14.3M	$73.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5177	+0.034%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	+0.119%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5170	−0.013%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5165	−0.046%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.557%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0044% / S +0.0024%	1h	1.5164	−0.052%	$791K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0087%	8h	1.5167	−0.033%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5171	−0.007%	$2.8M	$14.6M	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	1.5171	−0.007%	$499K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5163	−0.059%	$11K	$326K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5164	−0.056%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5175	+0.020%	$280.7M	$227.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5167	−0.036%	$38.4M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5181	+0.058%	$609K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5164	−0.053%	$535.1M	$2.11B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5164	−0.053%	$347.4M	$934.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5165	−0.046%	$126.2M	$874.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5176	+0.026%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5180	+0.053%	$110K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5174	+0.014%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5165	−0.046%	$369.9M	$154.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5163	−0.059%	$291.2M	$901.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5171	−0.008%	$108.3M	$174.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5165	−0.046%	$268.4M	$384.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5168	−0.026%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	−0.035%	$5.1M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5172	0.000%	$659K	$108.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5174	+0.013%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5192	+0.132%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5168	−0.026%	$44K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5167	−0.033%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5168	−0.028%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5181	+0.061%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5170	−0.013%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5176	+0.028%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5166	−0.040%	$54.1M	$30.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5181	+0.056%	$473K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5168	−0.028%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5165	−0.043%	$2.0M	$6.8M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5172	0.000%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5166	−0.042%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0181%	1h	1.5173	+0.007%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5173	+0.007%	$5.6M	$47.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.5185	+0.087%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5165	−0.046%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5169	−0.020%	$24.1M	$76.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5180	+0.053%	$2.1M	$34.5M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5180	+0.055%	$517K	$776K	10x	as long as short
Aftermath Perps XRPUSD	+0.0650%	1h	1.5173	+0.010%	$2K	$15K	10x	as long as short