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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.46 per $10,000 · paid last 24h +0.006%
Price spread now: HTX against Orderly+0.016%7-day average −0.037% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.113%+$11 on $10k
Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.016%, 7d avg −0.037%
Together, before fees+0.049%+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.053% dearer against Orderly than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_XRP_USDC1.55530.0054pay 0.0054% / 8h1h 14m$78K$947K50x
ShortHTX XRP-USDT1.55550.0100get 0.0100% / 8h1h 14m$51.1M$15.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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
$9.61
Price spread: +0.016% → −0.037%
$5.27
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee HTX: 6 bp × 2 orders
−$12
Net
−$3.12
Costs to cover
0.180%
Break-even
9.3 days
Slippage unknown: Orderly: no order-book sample; HTX: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell HTX live order book, 5 min ago0.03 bp8.7 bp −$912.7 bp −$12732.3 bp −$3,233doesn't fit
Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5559+0.039%$7K$2K20xas long as short
GMX XRP/USD [ETH-USDC]L −0.0002% / S +0.0116%1h1.5548−0.033%$851K200xas long as short
dYdX XRP-USD0.0000%1h1.5543−0.065%$1.1M$113K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5550−0.019%$9.5M$25.2M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5549−0.027%$260K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+0.045%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0041%1h1.5553−0.001%$15.6M$68.6M50xas long as short
Orderly PERP_XRP_USDClong+0.0054%8h1.5553long leg$78K$947K50x
Lighter XRP+0.0096%1h1.5546−0.043%$3.0M$12.4M20xas long as short
Lighter RH XRP+0.0096%1h1.55530.000%$440K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5556+0.019%$1.1M$5.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5552−0.009%$39.4M$78.7M100xas long as short
Pacifica XRP+0.0100%1h1.5547−0.036%$640K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5545−0.051%$559.3M$1.98B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5540−0.084%$346.0M$901.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5538−0.096%$127.5M$881.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5556+0.019%$579K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5560+0.045%$119K$745K20xas long as short
Bulk XRP-USD+0.0100%1h1.5567+0.088%$1.7M$578K20xas long as short
Gate XRP_USDT+0.0100%8h1.5552−0.006%$373.9M$140.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5546−0.045%$300.4M$861.6M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5542−0.073%$114.1M$160.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5547−0.039%$271.7M$364.6M125xas long as short
BingX XRP-USDT+0.0100%8h1.55530.000%$119.0Mas long as short
Variational Omni XRP+0.0100%8h1.5575+0.139%$11.8M$30.1Mas long as short
edgeX XRPUSDC+0.0100%4h1.5570+0.112%$676K$102.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5572+0.120%$1.1M$41.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5581+0.180%$1.0M$884K50xas long as short
Vest XRP-PERP+0.0100%1h1.5556+0.018%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5554+0.006%$47K$446K20xas long as short
Bullet XRP-USD+0.0100%1h1.5552−0.007%$42K$66K20xas long as short
Derive XRP-PERP+0.0100%1h1.5551−0.014%$837K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5556+0.019%$130K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5554+0.006%$33K$1.9M10xas long as short
HTX XRP-USDTshort+0.0100%8h1.5555+0.016%$51.1M$15.4M75x
Phemex XRPUSDT+0.0100%8h1.55530.000%$55.4M$29.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5539−0.088%$484K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5557+0.026%$11K$261K20xas long as short
Extended XRP-USD+0.0104%1h1.5548−0.030%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5546−0.044%$72K$40K3xas long as short
01 Exchange XRPUSD+0.0176%1h1.5559+0.039%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5552−0.009%$1.4M$9K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5563+0.064%$5.9M$47.3M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5550−0.019%$24.4M$73.6M125xas long as short
Hibachi XRP/USDT-P+0.0224%1h1.5577+0.157%$18K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0292%1h1.5568+0.096%$1.8M$1.0M25xas long as short
Kalshi KXXRPPERP+0.0325%8h1.5562+0.058%$1.9M$33.1M2.9xas long as short
Phoenix XRP+0.0516%1h1.5550−0.019%$69K$90K15xas long as short
RISEx XRP/USDC+0.0527%1h1.5564+0.072%$510K$630K10xas long as short
Hyperliquid XRP+0.0592%1h1.5566+0.084%$291.0M$204.4M20xas long as short
Aftermath Perps XRPUSD+0.0758%1h1.5560+0.044%$1K$11K10xas long as short