Funding you earn now, next payment 02:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%
Price spread now: Hotstuff against Variational Omni−0.045%7-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
=Together, before fees—+ Points / potential airdropVariational Omni: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.045% cheaper against Variational Omni than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni XRP | 1.5141 | 0.0100 | pay 0.0100% / 8h | 6h 01m | $6.3M | $35.7M | — |
| Short | Hotstuff XRP-PERP | 1.5134 | −0.0080 | pay 0.0010% / 1h | 1m 35s | $5K | $3K | 20x |
Variational Omni XRP
Hotstuff XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Variational Omni. 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
- −$37.8
- Price spread: −0.045% → 0.000%
- −$4.52
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$47.32
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago | 2.01 bp | doesn't fit | 3.5 bp −$35 | 21.1 bp −$2,107 | 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 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 | 1.5134 | −0.045% | $5K | $3K | 20x | |
| dYdX XRP-USD | 0.0000% | 1h | 1.5127 | −0.088% | $1.1M | $110K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5170 | +0.193% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5135 | −0.035% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0024% / S +0.0053% | 1h | 1.5135 | −0.041% | $799K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.768% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5132 | −0.056% | $14.5M | $72.8M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0074% | 8h | 1.5137 | −0.025% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5124 | −0.111% | $2.8M | $14.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5133 | −0.052% | $509K | $3.3M | 20x | as long as short |
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5116 | −0.164% | $10K | $299K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5124 | −0.115% | $974K | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5136 | −0.035% | $38.4M | $83.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5126 | −0.100% | $607K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5124 | −0.112% | $536.0M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5122 | −0.124% | $341.2M | $926.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5124 | −0.111% | $124.5M | $863.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5128 | −0.085% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5126 | −0.098% | $115K | $694K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5144 | +0.021% | $1.6M | $214K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5119 | −0.144% | $367.7M | $153.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5122 | −0.124% | $292.9M | $919.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5120 | −0.136% | $106.5M | $170.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5120 | −0.138% | $266.8M | $379.7M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5127 | −0.091% | — | $4.1M | — | as long as short |
| Variational Omni XRPlong | +0.0100% | 8h | 1.5141 | long leg | $6.3M | $35.7M | — | |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5146 | +0.036% | $658K | $109.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5132 | −0.060% | $1.1M | $36.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5137 | −0.025% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5139 | −0.009% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5140 | −0.006% | $42K | $446K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5139 | −0.015% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5138 | −0.021% | $814K | $75K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5142 | +0.006% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5135 | −0.039% | $30K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5137 | −0.027% | $49.6M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5137 | −0.025% | $53.9M | $29.9M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5127 | −0.094% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5118 | −0.152% | $2.0M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5133 | −0.049% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5123 | −0.118% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0147% | 1h | 1.5137 | −0.025% | $7.7M | $25.1M | 50x | as long as short |
| Hyperliquid XRP | +0.0157% | 1h | 1.5138 | −0.019% | $280.1M | $219.8M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5136 | −0.031% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5142 | +0.008% | $5.7M | $46.5M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0328% | 1h | 1.5161 | +0.135% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0330% | 1h | 1.5144 | +0.021% | $1.9M | $1.3M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0359% | 8h | 1.5135 | −0.039% | $2.1M | $35.2M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5126 | −0.101% | $527K | $787K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0766% | 1h | 1.5149 | +0.055% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
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-USDC
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUAL
Hyperliquid XRP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD