Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against HTX−0.053%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.053%, 7d avg +0.015%

Together, before fees+0.168%+ Points / potential airdropExtended: Active · farm board+$17 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: Extended is 0.069% cheaper against HTX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5090	0.0100	pay 0.0100% / 8h	2h 18m	$49.3M	$15.6M	75x
Short	Extended XRP-USD	1.5082	0.0104	get 0.0013% / 1h	18m 59s	$2.0M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against HTX. 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 HTXbpFee ExtendedbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0.84
Price spread: −0.053% → +0.015%: −$6.9
Slippage, 4 orders: −$8.55
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$31.61
Costs to cover: 0.255%
Break-even: 270.4 days

Slippage from HTX: live order book, 5 min ago; Extended: live order book, 5 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 HTX live order book, 5 min ago	0.03 bp	10.5 bp −$11	12.6 bp −$126	38.2 bp −$3,824	doesn't fit
Sell Extended live order book, 5 min ago	0.33 bp	2.9 bp −$3	5.7 bp −$57	doesn't fit	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	1.5080	−0.066%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5088	−0.016%	$14.2M	$74.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5075	−0.101%	$1.1M	$133K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5080	−0.066%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5087	−0.022%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.115%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0070% / S −0.0014%	1h	1.5086	−0.027%	$794K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5093	+0.021%	$7.7M	$25.5M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5088	−0.013%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5089	−0.006%	$2.8M	$15.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5090	+0.001%	$545K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5076	−0.092%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5085	−0.029%	$987K	$6.3M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5107	+0.113%	$288.3M	$262.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5091	+0.007%	$38.4M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5085	−0.035%	$600K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5090	+0.004%	$524.3M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5084	−0.039%	$343.4M	$963.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5087	−0.019%	$125.9M	$883.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5044	−0.304%	$560K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5093	+0.021%	$144K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	−0.420%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5094	+0.027%	$370.7M	$160.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5083	−0.046%	$286.1M	$922.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5087	−0.021%	$105.4M	$180.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5084	−0.039%	$264.8M	$397.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5094	+0.027%	—	$106.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5046	−0.292%	$4.7M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5054	−0.236%	$654K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5028	−0.410%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5002	−0.583%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5086	−0.023%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5091	+0.007%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5089	−0.006%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5088	−0.013%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5088	−0.011%	$812K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5094	+0.028%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5088	−0.013%	$28K	$1.6M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5090	long leg	$49.3M	$15.6M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5085	−0.032%	$53.8M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5091	+0.005%	$470K	$55K	50x	as long as short
Extended XRP-USDshort	+0.0104%	1h	1.5082	−0.053%	$2.0M	$6.8M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5089	−0.009%	$58K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5093	+0.021%	$5.7M	$48.4M	50x	as long as short
Kalshi KXXRPPERP	+0.0187%	8h	1.5085	−0.032%	$1.7M	$35.7M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0188%	1h	1.5103	+0.087%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5071	−0.127%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5085	−0.031%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5093	+0.021%	$23.2M	$77.0M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5091	+0.005%	$520K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0595%	1h	1.5036	−0.358%	$2K	$16K	10x	as long as short