Funding arb · Price arb /

XRP

all XRP markets

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: OKX against HTX+0.023%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.023%, 7d avg +0.037%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5112	0.0100	pay 0.0100% / 8h	3h 02m	$49.4M	$15.7M	75x
Short	OKX XRP-USDT-SWAP	1.5116	0.0100	get 0.0100% / 8h	3h 02m	$125.0M	$885.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.037%: −$1.38
Slippage, 4 orders: −$7.95
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$31.33
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; OKX: 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 HTX live order book, 1 min ago	0.53 bp	10.4 bp −$10	12.5 bp −$125	35.5 bp −$3,546	doesn't fit
Sell OKX live order book, 1 min ago	0.33 bp	5.3 bp −$5	6.3 bp −$63	13.3 bp −$1,327	29.4 bp −$14.7K

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	1.5151	+0.255%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5114	+0.010%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5110	−0.017%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5111	−0.013%	$265K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5108	−0.030%	$14.3M	$74.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.961%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5110	−0.014%	$793K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5110	−0.016%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5111	−0.010%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5109	−0.023%	$10K	$355K	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	1.5111	−0.013%	$981K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5117	+0.030%	$38.9M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5114	+0.009%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5117	+0.030%	$531.6M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5117	+0.030%	$342.9M	$948.0M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5116	+0.023%	$125.0M	$885.7M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5150	+0.248%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5119	+0.043%	$137K	$722K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	+0.171%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5111	−0.010%	$372.7M	$158.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5113	+0.003%	$294.0M	$910.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5117	+0.029%	$108.7M	$178.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5115	+0.017%	$268.3M	$391.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5111	−0.010%	—	$128.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5147	+0.227%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5145	+0.213%	$658K	$111.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5149	+0.241%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5138	+0.169%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5124	+0.077%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5119	+0.043%	$49K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5111	−0.010%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5108	−0.030%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5107	−0.035%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5115	+0.014%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5108	−0.030%	$28K	$1.7M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5112	long leg	$49.4M	$15.7M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5108	−0.030%	$53.8M	$31.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5111	−0.008%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5109	−0.026%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5104	−0.055%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5115	+0.017%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5114	+0.010%	$5.7M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0184%	8h	1.5130	+0.116%	$1.8M	$35.4M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5111	−0.008%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5106	−0.043%	$24.1M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0231%	1h	1.5118	+0.036%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5146	+0.224%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5114	+0.012%	$515K	$777K	10x	as long as short
Hyperliquid XRP	+0.0360%	1h	1.5123	+0.069%	$290.2M	$255.9M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5150	+0.248%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0628%	1h	1.5140	+0.181%	$2K	$15K	10x	as long as short