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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: HTX against dYdX+0.043%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$660.663% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.221%+$22 on $10k
Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.043%, 7d avg −0.044%
Together, before fees+0.076%+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.087% dearer against dYdX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XRP-USD1.50030get 0.0000% / 1h29m 47s$1.1M$130K10x
ShortHTX XRP-USDT1.50100.0100get 0.0100% / 8h2h 29m$49.0M$15.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against dYdX. 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
$21
Price spread: +0.043% → −0.044%
$8.7
Slippage, 4 orders
−$44.26
Fee dYdX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$36.55
Costs to cover
0.663%
Break-even
19.2 days
Slippage from dYdX: 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 4 min ago18.62 bp25.7 bp −$2636.2 bp −$36268.6 bp −$6,856225.7 bp −$112.8K
Sell HTX live order book, 4 min ago0.03 bp6.6 bp −$77.9 bp −$7934.4 bp −$3,436doesn'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%1h1.5013+0.064%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5010+0.046%$14.2M$75.2M50xas long as short
dYdX XRP-USDlong0.0000%1h1.5003long leg$1.1M$130K10x
Phoenix XRP0.0000%1h1.5030+0.177%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5004+0.006%$257K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0017%1h1.5010+0.044%$7.6M$25.7M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+3.709%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.5005+0.007%$785K200xas long as short
01 Exchange XRPUSD+0.0080%1h1.5009+0.037%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5009+0.036%$2.8M$14.9M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5010+0.044%$494K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5004+0.004%$12K$363K20xas long as short
Nado XRP-PERP+0.0100%1h1.5012+0.060%$912K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.5020+0.113%$287.4M$259.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5006+0.017%$38.3M$86.9M100xas long as short
Pacifica XRP+0.0100%1h1.5011+0.050%$600K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5008+0.033%$525.3M$2.20B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5010+0.044%$340.0M$961.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5011+0.050%$124.6M$889.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5033+0.197%$559K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.5011+0.050%$143K$723K20xas long as short
Bulk XRP-USD+0.0100%1h1.5027+0.156%$1.6M$4K20xas long as short
Gate XRP_USDT+0.0100%8h1.5008+0.030%$367.8M$158.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5008+0.030%$288.3M$914.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5009+0.036%$106.1M$180.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5007+0.024%$264.9M$397.3M125xas long as short
BingX XRP-USDT+0.0100%8h1.5011+0.050%$105.9Mas long as short
Variational Omni XRP+0.0100%8h1.5004+0.005%$4.7M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5013+0.065%$652K$112.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5026+0.151%$1.1M$37.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5014+0.070%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5013+0.064%$13K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5011+0.050%$51K$493K20xas long as short
Bullet XRP-USD+0.0100%1h1.5009+0.037%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5007+0.024%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5004+0.001%$807K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5013+0.066%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5008+0.030%$28K$1.7M10xas long as short
HTX XRP-USDTshort+0.0100%8h1.5010+0.043%$49.0M$15.8M75x
Phemex XRPUSDT+0.0100%8h1.5012+0.057%$53.5M$31.9M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5010+0.042%$468K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5006+0.020%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5006+0.020%$58K$25K3xas long as short
Kalshi KXXRPPERP+0.0133%8h1.5014+0.070%$1.7M$35.7M2.9xas long as short
Backpack XRP_USDC_PERP+0.0164%1h1.5020+0.110%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5015+0.077%$5.6M$48.2M50xas long as short
Hibachi XRP/USDT-P+0.0216%1h1.5026+0.148%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5005+0.013%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5001−0.016%$23.3M$75.8M125xas long as short
RISEx XRP/USDC+0.0305%1h1.5009+0.035%$512K$778K10xas long as short
Aftermath Perps XRPUSD+0.0601%1h1.5035+0.213%$2K$16K10xas long as short