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: HTX against SunX−0.004%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$710.707% of the position

Long on SunX Short on HTX

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)−0.050%−$5 · spread now −0.004%, 7d avg −0.063%

Together, before fees−0.050%−$5 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 0.059% dearer against SunX 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	SunX XRP-USDT	1.5544	0.0100	pay 0.0100% / 8h	1h 19m	$130K	$1.8M	30x
Short	HTX XRP-USDT	1.5543	0.0100	get 0.0100% / 8h	1h 19m	$51.0M	$15.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. 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 SunXbpFee HTXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → −0.063%: $5.88
Slippage, 4 orders: −$50.75
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$64.87
Costs to cover: 0.707%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; HTX: live order book, 4 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 SunX live order book, 6 min ago	17.58 bp	21.6 bp −$22	24.3 bp −$243	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	2.12 bp	9.1 bp −$9	9.7 bp −$97	55.6 bp −$5,561	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	1.5577	+0.213%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5542	−0.009%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5535	−0.057%	$9.5M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5545	+0.007%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.104%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5538	−0.040%	$15.4M	$68.7M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0119%	1h	1.5544	−0.002%	$1.1M	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5534	−0.064%	$78K	$949K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5544	+0.001%	$3.0M	$12.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5550	+0.039%	$440K	$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	1.5554	+0.062%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5546	+0.016%	$39.4M	$78.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5545	+0.007%	$640K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5545	+0.005%	$559.1M	$1.98B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5548	+0.026%	$346.5M	$900.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5546	+0.014%	$127.5M	$880.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5556	+0.078%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5549	+0.033%	$119K	$742K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5567	+0.147%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5547	+0.020%	$373.8M	$140.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5543	−0.006%	$295.3M	$858.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5548	+0.024%	$113.9M	$159.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5542	−0.012%	$271.5M	$363.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5543	−0.006%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5549	+0.030%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5544	+0.003%	$676K	$101.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5571	+0.174%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5557	+0.084%	$1.0M	$883K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5556	+0.081%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5557	+0.084%	$47K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5544	+0.001%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5535	−0.059%	$836K	$81K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5544	long leg	$130K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5537	−0.044%	$33K	$1.9M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5543	−0.004%	$51.0M	$15.4M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5543	−0.006%	$55.3M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5541	−0.017%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5561	+0.110%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5543	−0.003%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5534	−0.064%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5573	+0.187%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5566	+0.140%	$18K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5549	+0.030%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5544	+0.001%	$5.8M	$47.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5570	+0.168%	$24.5M	$74.0M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0297%	1h	1.5552	+0.052%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0322%	8h	1.5569	+0.161%	$1.9M	$33.0M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5560	+0.104%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5574	+0.194%	$510K	$630K	10x	as long as short
Hyperliquid XRP	+0.0598%	1h	1.5565	+0.136%	$290.3M	$203.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0745%	1h	1.5559	+0.095%	$1K	$11K	10x	as long as short