Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%

Price spread now: Hotstuff against SunX+0.720%7-day average — · you sell dearer than you buy

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

Long on SunX 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

The price spread pays, funding is against you. Hotstuff is 0.720% dearer against SunX than usual: you sell high and buy low (spread +0.720% now, against zero (this spread has no 7-day history yet)): +$72 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XRP-USDT	1.5285	0.0100	pay 0.0100% / 8h	5h 08m	$128K	$1.5M	30x
Short	Hotstuff XRP-PERP	1.5395	−0.0080	pay 0.0010% / 1h	8m 29s	$5K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against SunX. 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 SunXbpFee HotstuffbpOrdersPrice spread, now +0.720%Rate

Funding earned: −$37.8
Price spread: +0.720% → 0.000%: $72.03
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $21.23
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: SunX: live order book, 10 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 SunX live order book, 10 min ago	15.96 bp	20.0 bp −$20	24.4 bp −$244	doesn't fit	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 50 exchanges

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	1.5395	+0.720%	$5K	$4K	20x
Kraken Futures PF_XRPUSD	−0.0063%	1h	1.5291	+0.037%	$13.8M	$69.3M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5299	+0.091%	$1.1M	$154K	10x	as long as short
01 Exchange XRPUSD	0.0000%	1h	1.5294	+0.060%	$9K	$987	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5290	+0.033%	$68K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5290	+0.033%	$7.6M	$20.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5284	−0.007%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.800%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5280	−0.033%	$17K	$70K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5301	+0.108%	$2.7M	$14.2M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5304	+0.125%	$598K	$3.2M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5303	+0.117%	$477K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5285	+0.001%	$10K	$410K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5278	−0.042%	$838K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5311	+0.171%	$296.7M	$263.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5293	+0.052%	$38.9M	$79.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5301	+0.108%	$588K	$987K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5293	+0.055%	$531.8M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5292	+0.046%	$360.5M	$861.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5292	+0.046%	$124.3M	$822.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5267	−0.117%	$561K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5298	+0.086%	$163K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5282	−0.018%	$1.6M	$66K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5298	+0.086%	$376.9M	$161.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5297	+0.079%	$310.3M	$907.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5299	+0.091%	$104.8M	$180.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5296	+0.073%	$270.9M	$350.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5296	+0.073%	—	$98.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5273	−0.080%	$4.9M	$38.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5282	−0.021%	$664K	$106.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5278	−0.046%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5282	−0.019%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5288	+0.017%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5286	+0.007%	$52K	$470K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5284	−0.005%	$41K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5289	+0.027%	$83K	$601K	50x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5285	long leg	$128K	$1.5M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5287	+0.014%	$33K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5278	−0.044%	$49.8M	$13.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5290	+0.033%	$54.5M	$33.1M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5292	+0.043%	$2.2M	$6.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5284	−0.008%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5288	+0.020%	$5.4M	$42.5M	50x	as long as short
Kalshi KXXRPPERP	+0.0118%	8h	1.5292	+0.046%	$1.9M	$35.4M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0147%	1h	1.5303	+0.118%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5289	+0.027%	$23.7M	$77.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0224%	1h	1.5282	−0.016%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5290	+0.031%	$505K	$723K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0241% / S −0.0459%	1h	1.5279	−0.038%	$883K	—	200x	as long as short
Aftermath Perps XRPUSD	+0.0364%	1h	1.5290	+0.032%	$3K	$13K	10x	as long as short