Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.080%

Price spread now: HTX against GMX+0.075%7-day average −0.071% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.189%+$19 on $10k

Price spread, last 3 days (all we have)−0.194%−$19 · spread now +0.075%, 7d avg −0.071%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.146% dearer against GMX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XRP/USD [ETH-USDC]	1.5082	L +0.0025% / S +0.0051%	pay 0.0003% / 1h	55m 11s	$797K	—	200x
Short	HTX XRP-USDT	1.5093	0.0100	get 0.0100% / 8h	5h 55m	$49.4M	$15.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against GMX. 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 GMXbpFee HTXbpOrdersPrice spread, now +0.075%Rate

Funding earned: $15.71
Price spread: +0.075% → −0.071%: $14.59
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: $6.29
Costs to cover: 0.240%
Break-even: 4.2 days

Slippage unknown: GMX: no order-book sample; HTX: live order book, 4 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell HTX live order book, 4 min ago	0.03 bp	7.4 bp −$7	9.5 bp −$95	27.0 bp −$2,700	99.6 bp −$49.8K

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 50 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	1.5107	+0.167%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5089	+0.048%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5130	+0.320%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5083	+0.005%	$252K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]long	L +0.0025% / S +0.0051%	1h	1.5082	long leg	$797K	—	200x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.171%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0074%	8h	1.5086	+0.028%	$61K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5098	+0.110%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5095	+0.088%	$508K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5086	+0.028%	$8K	$8K	10x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5079	−0.019%	$9K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5082	+0.005%	$975K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5091	+0.061%	$278.8M	$221.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5085	+0.020%	$38.2M	$82.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5095	+0.085%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5097	+0.103%	$535.0M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5103	+0.141%	$341.0M	$924.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5109	+0.180%	$124.6M	$861.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5116	+0.227%	$561K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5095	+0.088%	$114K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5087	+0.031%	$1.6M	$161K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5085	+0.021%	$367.2M	$150.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5106	+0.160%	$292.1M	$891.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5081	−0.004%	$106.2M	$170.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5089	+0.048%	$265.9M	$379.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5086	+0.028%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5143	+0.406%	$6.1M	$35.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5088	+0.044%	$655K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5115	+0.220%	$1.1M	$35.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5094	+0.081%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5095	+0.086%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5086	+0.028%	$41K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5087	+0.034%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5089	+0.051%	$812K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5090	+0.054%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5091	+0.061%	$29K	$1.7M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5093	+0.075%	$49.4M	$15.4M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5097	+0.101%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5092	+0.070%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5089	+0.048%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5087	+0.033%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0148%	1h	1.5094	+0.081%	$7.7M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5081	−0.003%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5092	+0.068%	$5.6M	$46.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0250%	1h	1.5129	+0.313%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5090	+0.052%	$14.4M	$72.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5139	+0.382%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0356%	8h	1.5103	+0.141%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5094	+0.078%	$525K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0757%	1h	1.5116	+0.229%	$2K	$14K	10x	as long as short