Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Pacifica−0.174%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 3 days (all we have)−0.005%−$1 · spread now −0.174%, 7d avg −0.059%

Together, before fees+0.025%+ Points / potential airdropPacifica: Active · farm board+$2 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: HTX is 0.115% cheaper against Pacifica than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5543	0.0100	pay 0.0013% / 1h	27m 53s	$640K	$1.1M	20x
Short	HTX XRP-USDT	1.5516	0.0100	get 0.0100% / 8h	1h 27m	$51.0M	$15.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.059%: −$11.54
Slippage, 4 orders: −$11.22
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$42.76
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; HTX: 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 Pacifica live order book, 1 min ago	0.64 bp	6.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	1.51 bp	11.9 bp −$12	15.9 bp −$159	36.7 bp −$3,667	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	1.5544	+0.005%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5536	−0.047%	$1.1M	$114K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5513	−0.195%	$9.5M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5527	−0.103%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.629%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5506	−0.242%	$15.4M	$68.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0052% / S +0.0124%	1h	1.5527	−0.103%	$1.1M	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5517	−0.169%	$77K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5513	−0.196%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5515	−0.182%	$439K	$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	1.5545	+0.014%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5499	−0.283%	$39.4M	$78.2M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5543	long leg	$640K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5506	−0.240%	$557.9M	$1.97B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5508	−0.227%	$347.0M	$892.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5503	−0.259%	$127.0M	$876.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5515	−0.182%	$577K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5548	+0.030%	$118K	$739K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5502	−0.265%	$373.4M	$139.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5500	−0.278%	$290.5M	$850.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5498	−0.292%	$113.2M	$158.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5505	−0.246%	$270.5M	$362.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5507	−0.233%	—	$117.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5485	−0.378%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5531	−0.077%	$674K	$101.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5464	−0.512%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5529	−0.092%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5526	−0.114%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5549	+0.037%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5525	−0.117%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5520	−0.152%	$835K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5524	−0.121%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5509	−0.220%	$31K	$1.9M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5516	−0.174%	$51.0M	$15.4M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5514	−0.188%	$55.2M	$29.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	−0.429%	$1.7M	$578K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5548	+0.027%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5542	−0.008%	$11K	$255K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5497	−0.301%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5514	−0.186%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5552	+0.056%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0176%	1h	1.5509	−0.221%	$18K	$81K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5530	−0.083%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5517	−0.169%	$5.8M	$47.1M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5510	−0.214%	$24.6M	$73.4M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0266%	1h	1.5510	−0.214%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5556	+0.082%	$1.9M	$32.7M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5480	−0.407%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5556	+0.083%	$509K	$629K	10x	as long as short
Hyperliquid XRP	+0.0596%	1h	1.5519	−0.156%	$290.6M	$202.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0727%	1h	1.5545	+0.008%	$1K	$11K	10x	as long as short