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 Gate−0.005%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.366%−$37 · spread now −0.005%, 7d avg −0.040%

Together, before fees−0.298%−$30 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 0.036% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5183	0.0100	pay 0.0100% / 8h	5h 33m	$370.2M	$151.8M	100x
Short	HTX XRP-USDT	1.5182	0.0100	get 0.0100% / 8h	5h 33m	$49.7M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → −0.040%: $3.56
Slippage, 4 orders: −$11.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$35.3
Costs to cover: 0.389%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; HTX: live order book, 1 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 Gate live order book, 1 min ago	0.33 bp	9.5 bp −$10	12.3 bp −$123	25.1 bp −$2,508	37.6 bp −$18.8K
Sell HTX live order book, 1 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	1.5183	0.000%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5171	−0.076%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5180	−0.020%	$254K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.483%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0033% / S +0.0044%	1h	1.5180	−0.021%	$820K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5182	−0.007%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5182	−0.007%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5186	+0.020%	$7.7M	$25.4M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5187	+0.026%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5188	+0.033%	$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	1.5171	−0.079%	$10K	$308K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5183	−0.003%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5195	+0.079%	$281.6M	$220.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5186	+0.019%	$38.5M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5183	−0.001%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5185	+0.013%	$538.3M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5185	+0.013%	$344.5M	$925.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5187	+0.026%	$125.7M	$868.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5156	−0.178%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5184	+0.007%	$115K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.177%	$1.6M	$49K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5183	long leg	$370.2M	$151.8M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5185	+0.013%	$293.9M	$897.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5183	−0.001%	$106.9M	$171.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5185	+0.013%	$267.7M	$380.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5183	0.000%	—	$126.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5151	−0.214%	$5.7M	$36.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5154	−0.192%	$658K	$109.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5167	−0.104%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5161	−0.145%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5181	−0.015%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5186	+0.020%	$42K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5181	−0.011%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5183	+0.002%	$817K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5189	+0.042%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5185	+0.013%	$29K	$1.7M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5182	−0.005%	$49.7M	$15.6M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5185	+0.013%	$54.0M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5183	+0.003%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5181	−0.012%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5181	−0.015%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0207%	1h	1.5193	+0.066%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5181	−0.013%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5187	+0.026%	$5.6M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5175	−0.053%	$24.3M	$75.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5163	−0.130%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5182	−0.007%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0353%	8h	1.5184	+0.007%	$2.2M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5187	+0.027%	$517K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	−0.349%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0684%	1h	1.5150	−0.218%	$2K	$14K	10x	as long as short