Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Aster+0.039%53s7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.259% of the position

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 3 days (all we have)−0.415%−$41 · spread now +0.039%, 7d avg −0.058%

Together, before fees−0.314%+ Points / potential airdropAster: Stage 5 · farm board−$31 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 0.097% dearer against Aster than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.058%. The two prices were read 53 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	Aster XRPUSDT	1.5454	0.0100	pay 0.0100% / 8h	2h 20m	$39.2M	$72.7M	100x
Short	HTX XRP-USDT	1.5460	0.0100	get 0.0100% / 8h	2h 20m	$50.9M	$14.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aster. 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 AsterbpFee HTXbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.058%: $9.7
Slippage, 4 orders: −$5.91
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$16.21
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; HTX: live order book, 4 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 Aster live order book, 4 min ago	0.33 bp	4.3 bp −$4	5.2 bp −$52	13.7 bp −$1,370	doesn't fit
Sell HTX live order book, 4 min ago	0.03 bp	7.2 bp −$7	10.0 bp −$100	24.5 bp −$2,448	doesn't fit

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	1.5456	+0.015%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5440	−0.092%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5320	−0.865%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5439	−0.093%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−1.060%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5462	+0.053%	$59K	$916K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0073% / S +0.0182%	1h	1.5440	−0.088%	$909K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0073%	1h	1.5464	+0.066%	$9.4M	$24.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5443	−0.072%	$3.0M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5448	−0.037%	$448K	$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	1.5445	−0.057%	$1.1M	$5.2M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5454	long leg	$39.2M	$72.7M	100x
Pacifica XRP	+0.0100%	1h	1.5447	−0.044%	$672K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5446	−0.050%	$554.1M	$1.85B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5449	−0.031%	$346.8M	$843.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5434	−0.128%	$125.0M	$842.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5398	−0.361%	$573K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5453	−0.005%	$116K	$654K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5441	−0.082%	$369.2M	$132.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5450	−0.024%	$290.9M	$811.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5452	−0.013%	$112.7M	$148.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5448	−0.037%	$267.0M	$343.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5444	−0.063%	—	$114.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5321	−0.859%	$6.3M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5357	−0.626%	$667K	$95.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5402	−0.335%	$1.1M	$42.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5381	−0.471%	$1.0M	$864K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5453	−0.005%	$50K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5443	−0.072%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5464	+0.065%	$833K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5466	+0.082%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5456	+0.015%	$33K	$1.9M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5460	+0.039%	$50.9M	$14.7M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5452	−0.011%	$55.2M	$28.3M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5438	−0.104%	$1.7M	$399K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5443	−0.067%	$481K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5439	−0.096%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5454	+0.002%	$12K	$235K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5441	−0.085%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5468	+0.091%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5463	+0.060%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5454	+0.001%	$15.7M	$64.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0176%	1h	1.5471	+0.112%	$1.7M	$938K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5463	+0.060%	$5.5M	$44.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5447	−0.045%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5465	+0.073%	$23.8M	$68.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0232%	8h	1.5455	+0.008%	$1.7M	$31.7M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5460	+0.038%	$19K	$60K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5462	+0.051%	$407K	$498K	10x	as long as short
Hyperliquid XRP	+0.0498%	1h	1.5461	+0.047%	$285.2M	$187.1M	20x	as long as short
Aftermath Perps XRPUSD	+0.0537%	1h	1.5362	−0.596%	$1K	$11K	10x	as long as short