Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Binance+0.115%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 3 days (all we have)−0.235%−$24 · spread now +0.115%, 7d avg −0.045%

Together, before fees−0.123%−$12 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 0.160% dearer against Binance than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5325	0.0100	pay 0.0100% / 8h	7h 35m	$539.7M	$2.06B	100x
Short	HTX XRP-USDT	1.5343	0.0100	get 0.0100% / 8h	7h 35m	$50.3M	$15.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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 BinancebpFee HTXbpOrdersPrice spread, now +0.115%Rate

Funding earned: $0
Price spread: +0.115% → −0.045%: $16.02
Slippage, 4 orders: −$7.76
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$13.75
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; HTX: live order book, 3 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 Binance live order book, 8 min ago	0.33 bp	5.3 bp −$5	6.9 bp −$69	12.7 bp −$1,269	28.8 bp −$14.4K
Sell HTX live order book, 3 min ago	0.03 bp	10.6 bp −$11	12.3 bp −$123	27.6 bp −$2,764	105.6 bp −$52.8K

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	1.5333	+0.052%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5340	+0.096%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5328	+0.021%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5333	+0.052%	$9.3M	$25.2M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0012% / S +0.0082%	1h	1.5328	+0.019%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.533%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5330	+0.033%	$58K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5339	+0.092%	$2.8M	$13.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5340	+0.098%	$513K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5336	+0.072%	$10K	$279K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5337	+0.075%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5338	+0.088%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5337	+0.079%	$38.8M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5339	+0.091%	$620K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5325	long leg	$539.7M	$2.06B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5329	+0.026%	$341.5M	$922.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5330	+0.033%	$124.8M	$870.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5328	+0.020%	$571K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5340	+0.098%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.190%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5323	−0.013%	$373.9M	$149.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5322	−0.020%	$308.0M	$901.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5330	+0.035%	$108.7M	$165.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5330	+0.033%	$268.1M	$375.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5325	0.000%	—	$123.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	+0.020%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5307	−0.115%	$665K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5296	−0.189%	$1.1M	$39.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5306	−0.124%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5329	+0.027%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5338	+0.085%	$49K	$442K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5330	+0.034%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5333	+0.051%	$825K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5341	+0.104%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5332	+0.046%	$29K	$1.8M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5343	+0.115%	$50.3M	$15.5M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5339	+0.091%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5326	+0.008%	$2.1M	$7.1M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5336	+0.072%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5330	+0.035%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5328	+0.022%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5329	+0.026%	$24.0M	$74.3M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5345	+0.131%	$5.8M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5336	+0.074%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0285%	1h	1.5346	+0.137%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5346	+0.137%	$2.1M	$35.1M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5300	−0.160%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0407%	1h	1.5351	+0.170%	$289.9M	$214.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	+0.163%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0792%	1h	1.5329	+0.027%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5343	+0.115%	$507K	$755K	10x	as long as short