Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0579%/8h= −63.4% APRpaid last 24h −0.159%

Price spread now: HTX against Aftermath Perps+0.055%50s7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on HTX

What this pair did over the last

the charts below follow

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—needs both histories

The price spread pays, funding is against you. HTX is 0.055% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 50 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	Aftermath Perps XRPUSD	1.5217	0.0679	pay 0.0085% / 1h	28m 27s	$2K	$15K	10x
Short	HTX XRP-USDT	1.5226	0.0100	get 0.0100% / 8h	3h 28m	$49.8M	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aftermath Perps. 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 Aftermath PerpsbpFee HTXbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$121.57
Price spread: +0.055% → 0.000%: $5.54
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$137.03
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; HTX: live order book, 1 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 1 min ago	0.03 bp	9.3 bp −$9	13.4 bp −$134	32.3 bp −$3,233	109.9 bp −$55.0K

Aftermath Perps: 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-PERP	−0.0080%	1h	1.5218	+0.006%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5216	−0.008%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5228	+0.068%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5230	+0.084%	$7.8M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5225	+0.053%	$14.5M	$74.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.253%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0010%	1h	1.5228	+0.068%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5220	+0.020%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5222	+0.032%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5208	−0.060%	$10K	$347K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5205	−0.080%	$990K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5206	−0.074%	$38.6M	$85.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5221	+0.023%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5203	−0.095%	$535.6M	$2.15B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5206	−0.073%	$347.4M	$943.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5203	−0.093%	$127.1M	$887.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5212	−0.034%	$566K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5222	+0.032%	$134K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5212	−0.034%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5212	−0.034%	$370.1M	$155.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5197	−0.132%	$294.8M	$903.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5224	+0.042%	$109.3M	$177.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5200	−0.113%	$269.7M	$389.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5210	−0.047%	—	$127.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5245	+0.182%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5233	+0.104%	$662K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5244	+0.176%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.229%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5208	−0.059%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5205	−0.080%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5196	−0.141%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5222	+0.032%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5224	+0.047%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5226	+0.059%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5226	+0.058%	$29K	$1.7M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5226	+0.055%	$49.8M	$15.8M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5224	+0.045%	$54.2M	$31.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5210	−0.050%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5204	−0.086%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5222	+0.032%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5222	+0.032%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5230	+0.084%	$5.7M	$47.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5196	−0.140%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	+0.058%	$24.2M	$76.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5231	+0.093%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0286%	1h	1.5228	+0.071%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0357%	8h	1.5239	+0.144%	$1.9M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5213	−0.027%	$518K	$776K	10x	as long as short
Hyperliquid XRP	+0.0392%	1h	1.5223	+0.036%	$301.3M	$245.9M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5240	+0.150%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSDlong	+0.0679%	1h	1.5217	long leg	$2K	$15K	10x