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: SunX against HTX+0.127%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$670.673% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.127%, 7d avg +0.063%

Together, before fees−0.074%−$7 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: SunX is 0.065% dearer against HTX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5453	0.0100	pay 0.0100% / 8h	1h 30m	$50.8M	$15.3M	75x
Short	SunX XRP-USDT	1.5472	0.0100	get 0.0100% / 8h	1h 30m	$130K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.127%Rate

Funding earned: $0
Price spread: +0.127% → +0.063%: $6.49
Slippage, 4 orders: −$47.35
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$60.86
Costs to cover: 0.673%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; SunX: 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, 4 min ago	0.03 bp	9.4 bp −$9	14.3 bp −$143	56.0 bp −$5,595	doesn't fit
Sell SunX live order book, 5 min ago	17.60 bp	26.7 bp −$27	41.7 bp −$417	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	1.5461	+0.055%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5453	0.000%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5466	+0.087%	$9.5M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5468	+0.101%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.052%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0042%	1h	1.5467	+0.092%	$15.4M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5465	+0.081%	$77K	$942K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0125%	1h	1.5468	+0.101%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5462	+0.064%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5469	+0.107%	$438K	$3.2M	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	1.5457	+0.032%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5463	+0.070%	$39.1M	$77.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5462	+0.059%	$667K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5461	+0.053%	$556.8M	$1.96B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5462	+0.061%	$344.8M	$889.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5465	+0.081%	$126.5M	$872.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5515	+0.404%	$577K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5462	+0.061%	$118K	$737K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5469	+0.107%	$372.4M	$139.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5466	+0.087%	$290.0M	$844.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5463	+0.069%	$113.0M	$158.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5466	+0.087%	$269.4M	$361.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5467	+0.094%	—	$117.3M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5485	+0.208%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5531	+0.510%	$674K	$101.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5554	+0.660%	$1.1M	$41.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5529	+0.495%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5466	+0.087%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5460	+0.049%	$45K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5473	+0.133%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5470	+0.116%	$833K	$79K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5472	+0.127%	$130K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5466	+0.087%	$29K	$1.9M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5453	long leg	$50.8M	$15.3M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5468	+0.100%	$55.1M	$29.1M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	+0.156%	$1.7M	$578K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5456	+0.023%	$482K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5457	+0.029%	$12K	$251K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5464	+0.072%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5467	+0.091%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5466	+0.087%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5488	+0.232%	$18K	$81K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5462	+0.060%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5472	+0.126%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5470	+0.113%	$24.6M	$73.1M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0245%	1h	1.5474	+0.139%	$1.8M	$995K	25x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5473	+0.133%	$1.9M	$32.7M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5570	+0.760%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5466	+0.085%	$506K	$627K	10x	as long as short
Hyperliquid XRP	+0.0592%	1h	1.5479	+0.171%	$289.1M	$201.9M	20x	as long as short
Aftermath Perps XRPUSD	+0.0726%	1h	1.5546	+0.605%	$1K	$11K	10x	as long as short