Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against SoDEX+0.264%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$4as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.303%−$30 · spread now +0.264%, 7d avg −0.038%

Together, before fees−0.298%−$30 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 0.302% dearer against SoDEX than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5348	0.0100	pay 0.0013% / 1h	51m 29s	$29K	$1.8M	10x
Short	HTX XRP-USDT	1.5389	0.0100	get 0.0100% / 8h	7h 51m	$50.5M	$15.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now +0.264%Rate

Funding earned: $0
Price spread: +0.264% → −0.038%: $30.15
Slippage, 4 orders: −$6.44
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $3.71
Costs to cover: 0.264%
Break-even: from the start

Slippage from SoDEX: live order book, 2 min ago; HTX: live order book, 3 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 SoDEX live order book, 2 min ago	0.32 bp	4.3 bp −$4	8.2 bp −$82	doesn't fit	doesn't fit
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

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	+0.059%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5333	−0.099%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5392	+0.288%	$258K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0009% / S +0.0087%	1h	1.5391	+0.283%	$844K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5354	+0.039%	$9.3M	$25.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.381%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5363	+0.098%	$75K	$910K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5340	−0.053%	$2.9M	$13.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5344	−0.026%	$513K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5332	−0.104%	$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-USD	+0.0100%	8h	1.5330	−0.117%	$12K	$272K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5334	−0.090%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5340	−0.049%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5334	−0.090%	$38.8M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5341	−0.046%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5331	−0.111%	$539.1M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5332	−0.104%	$339.7M	$930.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5332	−0.104%	$125.2M	$881.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.182%	$572K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5334	−0.091%	$116K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	−0.072%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5334	−0.091%	$374.1M	$148.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5338	−0.065%	$298.8M	$893.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5340	−0.055%	$108.8M	$167.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5328	−0.130%	$268.7M	$376.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5330	−0.117%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5388	+0.263%	$6.5M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5392	+0.285%	$668K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5387	+0.254%	$1.1M	$39.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5397	+0.319%	$1.0M	$906K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5338	−0.065%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5395	+0.306%	$48K	$459K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5394	+0.300%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5368	+0.132%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5386	+0.247%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5348	long leg	$29K	$1.8M	10x
HTX XRP-USDTshort	+0.0100%	8h	1.5389	+0.264%	$50.5M	$15.7M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5346	−0.013%	$54.6M	$29.8M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5324	−0.155%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5349	+0.007%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5390	+0.276%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5387	+0.254%	$23.9M	$74.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5360	+0.078%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5343	−0.032%	$14.6M	$70.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0293%	1h	1.5352	+0.026%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5392	+0.284%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5398	+0.326%	$2.1M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0474%	1h	1.5354	+0.039%	$291.2M	$215.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5400	+0.339%	$69K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0754%	1h	1.5378	+0.195%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5335	−0.086%	$507K	$755K	10x	as long as short