Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against HTX+0.148%7-day average +0.043% · 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−$26as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 3 days (all we have)+0.049%+$5 · spread now +0.148%, 7d avg +0.043%

Together, before fees−0.022%−$2 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: Gate is 0.105% dearer against HTX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5232	0.0100	pay 0.0100% / 8h	2h 35m	$50.1M	$14.6M	75x
Short	Gate XRP_USDT	1.5255	0.0100	get 0.0100% / 8h	2h 35m	$355.8M	$129.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.148%Rate

Funding earned: $0
Price spread: +0.148% → +0.043%: $10.52
Slippage, 4 orders: −$9.87
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$26.35
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	0.03 bp	8.3 bp −$8	11.7 bp −$117	45.3 bp −$4,526	doesn't fit
Sell Gate live order book, 3 min ago	0.33 bp	8.9 bp −$9	12.6 bp −$126	31.5 bp −$3,145	43.1 bp −$21.6K

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
GMX XRP/USD [ETH-USDC]	L −0.0211% / S +0.0297%	1h	1.5243	+0.067%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5194	−0.253%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5251	+0.123%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5270	+0.246%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5242	+0.062%	$9.2M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5241	+0.053%	$255K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.377%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5234	+0.010%	$177K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5252	+0.126%	$2.9M	$11.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5244	+0.075%	$442K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5254	+0.144%	$1.1M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5252	+0.126%	$38.8M	$71.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5255	+0.146%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5256	+0.155%	$545.6M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5260	+0.181%	$341.8M	$834.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5258	+0.167%	$123.0M	$828.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5181	−0.338%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5251	+0.121%	$115K	$646K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5260	+0.183%	$1.6M	$350K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5255	+0.148%	$355.8M	$129.6M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5252	+0.128%	$289.1M	$800.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5252	+0.131%	$112.5M	$146.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5260	+0.181%	$265.5M	$338.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5257	+0.161%	—	$113.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5263	+0.197%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5214	−0.119%	$662K	$95.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5246	+0.091%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.207%	$1.0M	$842K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5260	+0.181%	$50K	$474K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5246	+0.090%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5237	+0.031%	$821K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5242	+0.062%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5239	+0.043%	$29K	$1.9M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5232	long leg	$50.1M	$14.6M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5254	+0.141%	$54.6M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5248	+0.103%	$475K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5253	+0.131%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5256	+0.154%	$12K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5251	+0.120%	$2.1M	$7.3M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5237	+0.029%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0118%	1h	1.5257	+0.161%	$1.7M	$924K	25x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5253	+0.135%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5238	+0.033%	$15.2M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5250	+0.115%	$5.4M	$43.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5251	+0.123%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5260	+0.181%	$23.8M	$66.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0222%	8h	1.5252	+0.128%	$1.7M	$31.7M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5265	+0.210%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5258	+0.171%	$404K	$496K	10x	as long as short
Hyperliquid XRP	+0.0447%	1h	1.5268	+0.233%	$280.0M	$179.7M	20x	as long as short
Aftermath Perps XRPUSD	+0.0522%	1h	1.5247	+0.097%	$1K	$10K	10x	as long as short