Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: HTX against gTrade (Gains Network)+0.044%7-day average −0.042% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2882.881% of the position

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.631%−$63 · spread now +0.044%, 7d avg −0.042%

Together, before fees−0.534%−$53 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 0.086% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread 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	gTrade (Gains Network) XRP/USD	1.5195	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	29m 59s	$254K	—	150x
Short	HTX XRP-USDT	1.5202	0.0100	get 0.0100% / 8h	5h 29m	$49.8M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now +0.044%Rate

Funding earned: $20.3
Price spread: +0.044% → −0.042%: $8.63
Slippage, 4 orders: −$266.07
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$259.14
Costs to cover: 2.881%
Break-even: 96.3 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 34 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 gTrade (Gains Network) virtual book (oracle venue), 34 min ago	130.04 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell HTX live order book, 4 min ago	0.03 bp	8.6 bp −$9	11.7 bp −$117	29.5 bp −$2,954	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	1.5193	−0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5209	+0.095%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5195	long leg	$254K	—	150x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.403%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0034% / S +0.0043%	1h	1.5196	+0.010%	$821K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5201	+0.040%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5196	+0.007%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5204	+0.060%	$7.7M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5200	+0.034%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5203	+0.053%	$513K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5194	−0.006%	$10K	$308K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5203	+0.057%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5210	+0.099%	$281.9M	$221.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5202	+0.047%	$38.5M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5212	+0.112%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5189	−0.038%	$538.5M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5189	−0.039%	$344.9M	$927.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5190	−0.032%	$126.1M	$869.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5156	−0.256%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5205	+0.066%	$115K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.255%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5198	+0.020%	$370.5M	$152.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5189	−0.039%	$292.8M	$898.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5190	−0.030%	$107.8M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5188	−0.045%	$268.0M	$380.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5203	+0.053%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	+0.023%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5177	−0.120%	$659K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5189	−0.040%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5161	−0.223%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5201	+0.042%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5202	+0.047%	$43K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5199	+0.027%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5197	+0.014%	$818K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5207	+0.076%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5201	+0.040%	$28K	$1.7M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5202	+0.044%	$49.8M	$15.6M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5202	+0.047%	$54.1M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5205	+0.069%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5184	−0.070%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5198	+0.021%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0207%	1h	1.5208	+0.086%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5194	−0.006%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5202	+0.047%	$5.6M	$46.6M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5209	+0.093%	$24.2M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5197	+0.015%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0272%	1h	1.5199	+0.026%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0354%	8h	1.5217	+0.145%	$2.2M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5207	+0.079%	$518K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	−0.032%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0681%	1h	1.5178	−0.109%	$2K	$14K	10x	as long as short