Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment $1.20 per $10,000 · paid last 24h −0.036%
Price spread now: HTX against BloFin+0.185%59s7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$360.357% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.108%−$11 on $10k
Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.185%, 7d avg −0.051%
Together, before fees−0.305%−$31 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.237% dearer against BloFin than usual: you sell high and buy low (spread +0.185% now, against its 7-day average of −0.051%): +$24 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.6 days. At the pace of the last 7 days (−0.108% in total) that is about 15 days. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XRP-USDT1.52030.0220pay 0.0220% / 8h3h 47m$24.2M$75.9M125x
ShortHTX XRP-USDT1.52310.0100get 0.0100% / 8h3h 47m$49.8M$15.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against BloFin. 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

Funding earned
−$25.2
Price spread: +0.185% → −0.051%
$23.67
Slippage, 4 orders
−$11.66
Fee BloFin: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$37.19
Costs to cover
0.357%
Break-even
never at this rate
Slippage from BloFin: live order book, 7 min ago; HTX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 7 min ago0.99 bp7.0 bp −$77.5 bp −$7510.8 bp −$1,07622.5 bp −$11.2K
Sell HTX live order book, 2 min ago0.03 bp11.6 bp −$1217.3 bp −$17340.9 bp −$4,088doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5216+0.086%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5221+0.118%$1.1M$111K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5207+0.028%$262K150xas long as short
Kraken Futures PF_XRPUSD+0.0021%1h1.5211+0.050%$14.4M$74.2M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.348%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0050% / S +0.0015%1h1.5207+0.029%$781K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0079%1h1.5216+0.086%$7.8M$25.6M50xas long as short
Lighter XRP+0.0096%1h1.5221+0.121%$2.9M$14.6M20xas long as short
Lighter RH XRP+0.0096%1h1.5224+0.138%$499K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5211+0.053%$12K$343K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_XRP_USDC+0.0098%8h1.5215+0.079%$62K$934K50xas long as short
Nado XRP-PERP+0.0100%1h1.5217+0.093%$1.0M$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5220+0.112%$38.5M$84.5M100xas long as short
Pacifica XRP+0.0100%1h1.5219+0.105%$611K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5214+0.071%$534.9M$2.14B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5213+0.066%$347.5M$941.4M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5212+0.059%$127.4M$887.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5232+0.191%$566K$29K5xas long as short
Arcus XRP-USD+0.0100%1h1.5219+0.105%$118K$706K20xas long as short
Bulk XRP-USD+0.0100%1h1.5181−0.145%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5215+0.079%$371.8M$153.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5210+0.046%$294.0M$898.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5213+0.068%$108.9M$176.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5209+0.039%$269.4M$388.4M125xas long as short
BingX XRP-USDC+0.0100%8h1.5219+0.105%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5243+0.262%$4.8M$38.2Mas long as short
edgeX XRPUSDC+0.0100%4h1.5208+0.033%$660K$109.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5208+0.034%$1.1M$36.7M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5214+0.072%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5214+0.073%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5212+0.059%$44K$456K20xas long as short
Bullet XRP-USD+0.0100%1h1.5210+0.047%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5219+0.102%$819K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5242+0.258%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5214+0.072%$28K$1.7M10xas long as short
HTX XRP-USDTshort+0.0100%8h1.5231+0.185%$49.8M$15.7M75x
Phemex XRPUSDT+0.0100%8h1.5216+0.086%$54.3M$31.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5217+0.094%$474K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5213+0.068%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5213+0.063%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0160%1h1.5222+0.125%$9K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5221+0.118%$5.6M$47.6M50xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5209+0.041%$1.3M$7K15xas long as short
BloFin XRP-USDTlong+0.0220%8h1.5203long leg$24.2M$75.9M125x
Hibachi XRP/USDT-P+0.0248%1h1.5214+0.071%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0262%8h1.5228+0.164%$2.0M$35.1M2.9xas long as short
Hyperliquid XRP+0.0282%1h1.5227+0.158%$292.9M$234.6M20xas long as short
Backpack XRP_USDC_PERP+0.0323%1h1.5228+0.164%$2.0M$1.4M25xas long as short
RISEx XRP/USDC+0.0358%1h1.5220+0.115%$518K$773K10xas long as short
Phoenix XRP+0.0528%1h1.5220+0.112%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0650%1h1.5212+0.056%$2K$15K10xas long as short