Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.115%
Price spread now: RISEx against HTX+0.167%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$300.301% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.331%+$33 on $10k
Price spread, last 4 days (all we have)+0.449%+$45 · spread now +0.167%, 7d avg +0.088%
Together, before fees+0.781%+$78 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and RISEx is 0.079% dearer against HTX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.088%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XRP-USDT1.54340.0100pay 0.0100% / 8h6h 58m$50.4M$14.7M75x
ShortRISEx XRP/USDC1.54590.0272get 0.0034% / 1h58m 54s$521K$795K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
$36.03
Price spread: +0.167% → +0.088%
$7.86
Slippage, 4 orders
−$12.12
Fee HTX: 6 bp × 2 orders
−$12
Fee RISEx: 3 bp × 2 orders
−$6
Net
$13.77
Costs to cover
0.301%
Break-even
4.3 days
Slippage from HTX: live order book, 5 min ago; RISEx: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 5 min ago0.03 bp11.9 bp −$1217.3 bp −$17340.6 bp −$4,060123.3 bp −$61.6K
Sell RISEx live order book, 35 min ago2.41 bp5.4 bp −$510.5 bp −$105doesn't fitdoesn't fit

XRP on 50 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5476+0.274%$5K$3K20xas long as short
Phoenix XRP0.0000%1h1.5490+0.365%$70K$108K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5449+0.099%$8.0M$22.2M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5479+0.291%$251K150xas long as short
dYdX XRP-USD+0.0005%1h1.5474+0.260%$1.1M$155K10xas long as short
Kraken Futures PF_XRPUSD+0.0015%1h1.5451+0.112%$14.1M$73.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+0.818%$2K$107K30xas long as short
Hibachi XRP/USDT-P+0.0064%1h1.5479+0.291%$18K$78K7xas long as short
Lighter XRP+0.0096%1h1.5449+0.101%$2.8M$14.3M20xas long as short
Lighter RH XRP+0.0096%1h1.5453+0.125%$613K$3.0M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5464+0.196%$20K$378K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5463+0.192%$482K$52K50xas long as short
Nado XRP-PERP+0.0100%1h1.5463+0.190%$1.0M$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5456+0.144%$39.3M$82.8M100xas long as short
Pacifica XRP+0.0100%1h1.5462+0.185%$611K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5460+0.170%$539.4M$2.12B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5454+0.132%$360.7M$906.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5451+0.112%$125.3M$849.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5451+0.112%$569K$40K5xas long as short
Arcus XRP-USD+0.0100%1h1.5466+0.209%$168K$704K20xas long as short
Bulk XRP-USD+0.0100%1h1.5432−0.010%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.5460+0.170%$385.7M$154.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5451+0.112%$310.2M$893.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5449+0.100%$109.6M$180.3M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5450+0.106%$273.7M$360.3M125xas long as short
BingX XRP-USDT+0.0100%8h1.5459+0.164%$105.9Mas long as short
Backpack XRP_USDC_PERP+0.0100%1h1.5468+0.222%$2.0M$1.3M25xas long as short
Variational Omni XRP+0.0100%8h1.5471+0.239%$4.9M$38.2Mas long as short
edgeX XRPUSDC+0.0100%4h1.5486+0.339%$675K$114.4M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5484+0.323%$1.1M$32.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5492+0.378%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5467+0.216%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5472+0.248%$53K$502K20xas long as short
Bullet XRP-USD+0.0100%1h1.5455+0.136%$41K$66K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5445+0.073%$78K$623K50xas long as short
SunX XRP-USDT+0.0100%8h1.5460+0.173%$130K$1.6M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5449+0.099%$30K$1.6M10xas long as short
HTX XRP-USDTlong+0.0100%8h1.5434long leg$50.4M$14.7M75x
Phemex XRPUSDT+0.0100%8h1.5452+0.119%$54.9M$33.2M50xas long as short
Extended XRP-USD+0.0104%1h1.5444+0.068%$2.1M$5.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5444+0.067%$59K$25K3xas long as short
01 Exchange XRPUSD+0.0120%1h1.5474+0.261%$9K$2K10xas long as short
Coinbase International XRP-PERP-INTX+0.0120%1h1.5450+0.106%$5.3M$46.1M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0143% / S −0.0109%1h1.5484+0.328%$830K200xas long as short
Kalshi KXXRPPERP+0.0170%8h1.5471+0.242%$1.8M$32.9M2.9xas long as short
BloFin XRP-USDT+0.0220%8h1.5450+0.106%$23.8M$79.4M125xas long as short
Reya XRPRUSDPERP+0.0222%1h1.5454+0.130%$1.4M$4K15xas long as short
Hyperliquid XRP+0.0222%1h1.5474+0.261%$298.7M$266.5M20xas long as short
RISEx XRP/USDCshort+0.0272%1h1.5459+0.167%$521K$795K10x
Aftermath Perps XRPUSD+0.0480%1h1.5473+0.253%$3K$15K10xas long as short