XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.054%

Price spread now: Polymarket Perps against Hotstuff−0.105%54s7-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 Polymarket Perps

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. Polymarket Perps is 0.105% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 47 hours of funding at the current rate (+$5 a day). The two prices were read 54 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	Hotstuff XRP-PERP	1.5227	−0.0080	get 0.0010% / 1h	1m 34s	$5K	$3K	20x
Short	Polymarket Perps XRP-USD	1.5211	0.0100	get 0.0013% / 1h	1m 34s	$50K	$510K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.105%Rate

Funding earned: $37.8
Price spread: −0.105% → 0.000%: −$10.51
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $14.29
Costs to cover: 0.130%
Break-even: 4.4 days

Slippage unknown: Hotstuff: no order-book sample; Polymarket Perps: live order book, 41 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 Polymarket Perps live order book, 41 min ago	1.98 bp	7.2 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit

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	1.5227	long leg	$5K	$3K	20x
dYdX XRP-USD	0.0000%	1h	1.5207	−0.128%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5230	+0.020%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5200	−0.176%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5198	−0.189%	$14.5M	$74.3M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.187%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5203	−0.158%	$7.8M	$24.4M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0093% / S −0.0049%	1h	1.5203	−0.159%	$785K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5212	−0.101%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5212	−0.099%	$546K	$3.2M	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	+0.0099%	8h	1.5203	−0.158%	$10K	$370K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5210	−0.108%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5209	−0.118%	$38.6M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5212	−0.097%	$616K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5207	−0.131%	$533.6M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5202	−0.164%	$348.7M	$960.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5201	−0.171%	$129.6M	$883.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5189	−0.250%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5217	−0.066%	$145K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5223	−0.024%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5208	−0.125%	$377.7M	$162.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5211	−0.105%	$312.5M	$934.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5211	−0.105%	$108.1M	$183.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5207	−0.131%	$268.9M	$395.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5210	−0.112%	—	$107.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5235	+0.051%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5224	−0.021%	$661K	$114.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5219	−0.053%	$1.1M	$35.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5227	0.000%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5218	−0.056%	—	$15K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5211	−0.105%	$50K	$510K	20x
Bullet XRP-USD	+0.0100%	1h	1.5207	−0.130%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5198	−0.190%	$75K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5224	−0.019%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5225	−0.016%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5200	−0.177%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5219	−0.051%	$49.7M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5206	−0.138%	$54.4M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5215	−0.081%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5205	−0.143%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5198	−0.192%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5210	−0.112%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5221	−0.041%	$17K	$79K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0171%	1h	1.5212	−0.099%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5205	−0.144%	$5.7M	$48.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0217%	8h	1.5217	−0.066%	$1.8M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5224	−0.020%	$290.2M	$266.7M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5204	−0.150%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5227	0.000%	$23.7M	$78.0M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5224	−0.018%	$529K	$806K	10x	as long as short
Aftermath Perps XRPUSD	+0.0711%	1h	1.5223	−0.026%	$2K	$16K	10x	as long as short