Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0385%/8h= +42.2% APRnext payment +$0.48 per $10,000 · paid last 24h +0.173%
Price spread now: RISEx against Hotstuff+0.132%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and RISEx is 0.132% dearer against Hotstuff than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff XRP-PERP1.4943−0.0080get 0.0010% / 1h26m 20s$5K$3K20x
ShortRISEx XRP/USDC1.49630.0305get 0.0038% / 1h26m 20s$510K$781K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
$80.88
Price spread: +0.132% → 0.000%
$13.25
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee RISEx: 3 bp × 2 orders
−$6
Net
$83.13
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Hotstuff: no order-book sample; RISEx: live order book, 22 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell RISEx live order book, 22 min ago1.82 bp4.8 bp −$58.7 bp −$87doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERPlong−0.0080%1h1.4943long leg$5K$3K20x
Kraken Futures PF_XRPUSD−0.0001%1h1.4961+0.120%$14.1M$75.2M50xas long as short
dYdX XRP-USD0.0000%1h1.4944+0.007%$1.1M$130K10xas long as short
Phoenix XRP0.0000%1h1.5010+0.448%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.4954+0.074%$242K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+4.129%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.4954+0.073%$786K200xas long as short
01 Exchange XRPUSD+0.0080%1h1.4961+0.120%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.4960+0.115%$2.8M$15.0M20xas long as short
Lighter RH XRP+0.0096%1h1.4950+0.047%$540K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0099%8h1.4944+0.007%$10K$363K20xas long as short
Nado XRP-PERP+0.0100%1h1.4956+0.090%$944K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.4965+0.147%$284.8M$261.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.4954+0.076%$38.1M$87.5M100xas long as short
Pacifica XRP+0.0100%1h1.4953+0.064%$598K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.4959+0.110%$523.6M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.4954+0.074%$340.1M$970.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.4958+0.100%$123.7M$880.5M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.4932−0.074%$556K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.4964+0.141%$143K$733K20xas long as short
Bulk XRP-USD+0.0100%1h1.5027+0.561%$1.6M$4K20xas long as short
Gate XRP_USDT+0.0100%8h1.4955+0.080%$365.9M$158.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.4950+0.047%$279.4M$917.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.4951+0.055%$104.4M$181.2M75xas long as short
Bitget XRPUSDT+0.0100%8h1.4955+0.080%$262.5M$398.9M125xas long as short
BingX XRP-USDC+0.0100%8h1.4953+0.067%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5004+0.409%$4.7M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5011+0.458%$652K$112.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5001+0.386%$1.1M$37.1M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5018+0.502%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.4958+0.101%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.4961+0.120%$51K$492K20xas long as short
Bullet XRP-USD+0.0100%1h1.4956+0.087%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.4957+0.094%$61K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.4956+0.085%$805K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.4965+0.144%$125K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.4960+0.114%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.4955+0.082%$48.9M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.4962+0.127%$53.4M$32.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.4957+0.095%$466K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.4953+0.069%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.4958+0.102%$57K$25K3xas long as short
Kalshi KXXRPPERP+0.0137%8h1.4956+0.087%$1.6M$35.8M2.9xas long as short
Deribit XRP_USDC-PERPETUAL+0.0151%1h1.4962+0.127%$7.6M$25.8M50xas long as short
Backpack XRP_USDC_PERP+0.0154%1h1.4950+0.047%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.4964+0.141%$5.5M$48.1M50xas long as short
Hibachi XRP/USDT-P+0.0208%1h1.4939−0.029%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.4959+0.104%$1.3M$6K15xas long as short
BloFin XRP-USDT+0.0220%8h1.4939−0.027%$23.2M$76.1M125xas long as short
RISEx XRP/USDCshort+0.0305%1h1.4963+0.132%$510K$781K10x
Aftermath Perps XRPUSD+0.0626%1h1.5000+0.380%$2K$16K10xas long as short