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: HTX against Katana Perps−0.015%7-day average −0.026% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Katana Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.029%+$3 on $10k

Price spread, last 3 days (all we have)−0.130%−$13 · spread now −0.015%, 7d avg −0.026%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps XRP-USD	1.5330	0.0100	pay 0.0100% / 8h	7h 51m	$12K	$272K	20x
Short	HTX XRP-USDT	1.5328	0.0100	get 0.0100% / 8h	7h 51m	$50.3M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Katana Perps. 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 Katana PerpsbpFee HTXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0.04
Price spread: −0.015% → −0.026%: $1.09
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$14.67
Costs to cover: 0.158%
Break-even: 2335.0 days

Slippage unknown: Katana Perps: no order-book sample; HTX: live order book, 3 min ago. Net counts fees only.

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 Katana Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	1.62 bp	10.0 bp −$10	13.1 bp −$131	33.1 bp −$3,306	doesn't fit

Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5357	+0.176%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5333	+0.018%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5334	+0.026%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0009% / S +0.0087%	1h	1.5334	+0.023%	$841K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5334	+0.026%	$9.3M	$25.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.500%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5333	+0.020%	$75K	$910K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5336	+0.038%	$2.9M	$13.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5332	+0.013%	$512K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5332	+0.013%	$8K	$8K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USDlong	+0.0100%	8h	1.5330	long leg	$12K	$272K	20x
Paradex XRP-USD-PERP	+0.0100%	8h	1.5334	+0.028%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5340	+0.068%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5329	−0.007%	$38.8M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5341	+0.072%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5317	−0.085%	$538.6M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5322	−0.052%	$339.4M	$930.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5323	−0.046%	$125.2M	$880.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.065%	$572K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5334	+0.026%	$116K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	+0.046%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5326	−0.026%	$374.2M	$148.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5328	−0.013%	$298.8M	$893.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5332	+0.010%	$108.8M	$167.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5313	−0.111%	$268.4M	$376.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5320	−0.065%	—	$123.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5329	−0.006%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5392	+0.403%	$668K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5387	+0.372%	$1.1M	$39.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5397	+0.437%	$1.0M	$906K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5338	+0.053%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5334	+0.026%	$48K	$459K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5336	+0.039%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5335	+0.032%	$826K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5341	+0.070%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5333	+0.020%	$29K	$1.8M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5328	−0.015%	$50.3M	$15.6M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5332	+0.013%	$54.5M	$29.8M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5329	−0.005%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5332	+0.012%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5332	+0.015%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5330	0.000%	$23.9M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5343	+0.085%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5331	+0.005%	$14.6M	$70.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0256%	1h	1.5330	0.000%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5393	+0.409%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5346	+0.104%	$2.0M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0453%	1h	1.5339	+0.059%	$290.9M	$215.6M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5400	+0.457%	$69K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0783%	1h	1.5364	+0.225%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5335	+0.031%	$507K	$755K	10x	as long as short