Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Arcus−0.065%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.216%−$22 · spread now −0.065%, 7d avg −0.042%

Together, before fees−0.215%−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.024% cheaper against Arcus than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5423	0.0100	pay 0.0013% / 1h	8m 07s	$119K	$688K	20x
Short	HTX XRP-USDT	1.5413	0.0100	get 0.0100% / 8h	2h 08m	$50.7M	$14.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. 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 ArcusbpFee HTXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.042%: −$2.38
Slippage, 4 orders: −$11.02
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.9
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from Arcus: live order book, 16 min ago; HTX: live order book, 1 min ago.

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 Arcus live order book, 16 min ago	1.30 bp	5.3 bp −$5	8.4 bp −$84	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	0.03 bp	9.2 bp −$9	15.1 bp −$151	31.6 bp −$3,163	115.3 bp −$57.6K

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	1.5416	−0.045%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5422	−0.007%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5450	+0.175%	$69K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5415	−0.052%	$9.4M	$24.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5410	−0.082%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.862%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5415	−0.052%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0168%	1h	1.5410	−0.086%	$907K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5414	−0.056%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5415	−0.052%	$446K	$3.1M	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	1.5422	−0.003%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5412	−0.072%	$39.3M	$73.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5419	−0.025%	$674K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5425	+0.011%	$555.0M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5426	+0.019%	$346.9M	$852.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5423	0.000%	$126.2M	$847.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5409	−0.091%	$574K	$40K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5423	long leg	$119K	$688K	20x
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.315%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5412	−0.071%	$368.1M	$133.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5411	−0.078%	$292.2M	$821.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5412	−0.073%	$112.1M	$149.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5424	+0.006%	$267.3M	$346.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5418	−0.032%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5487	+0.416%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5464	+0.264%	$671K	$95.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5471	+0.313%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5489	+0.428%	$1.0M	$878K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5416	−0.044%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5416	−0.045%	$50K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5412	−0.071%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5410	−0.083%	$830K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5417	−0.036%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5411	−0.078%	$32K	$1.9M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5413	−0.065%	$50.7M	$14.9M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5410	−0.084%	$55.0M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5414	−0.055%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5417	−0.039%	$12K	$239K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5424	+0.009%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5412	−0.074%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5421	−0.013%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5411	−0.081%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5431	+0.052%	$5.6M	$44.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0198%	1h	1.5429	+0.039%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5412	−0.071%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5429	+0.039%	$24.2M	$68.5M	125x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5481	+0.377%	$19K	$66K	7x	as long as short
Kalshi KXXRPPERP	+0.0300%	8h	1.5423	0.000%	$1.8M	$32.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5426	+0.017%	$405K	$499K	10x	as long as short
Hyperliquid XRP	+0.0508%	1h	1.5440	+0.110%	$284.5M	$190.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0544%	1h	1.5436	+0.087%	$1K	$11K	10x	as long as short