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 Variational Omni+0.625%7-day average −0.026% · you sell dearer than you buy

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

Long on Variational Omni Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.408%−$41 · spread now +0.625%, 7d avg −0.026%

Together, before fees−0.408%+ Points / potential airdropVariational Omni: Active · farm board−$41 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 0.651% dearer against Variational Omni than usual: you sell high and buy low, +$65 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5139	0.0100	pay 0.0100% / 8h	3h 51m	$4.8M	$38.1M	—
Short	HTX XRP-USDT	1.5233	0.0100	get 0.0100% / 8h	3h 51m	$49.8M	$15.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Variational Omni. 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 Variational OmnibpFee HTXbpOrdersPrice spread, now +0.625%Rate

Funding earned: $0
Price spread: +0.625% → −0.026%: $65.14
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: $53.14
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; 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 Variational Omni RFQ quote, 3 min ago	2.01 bp	doesn't fit	3.0 bp −$30	20.9 bp −$2,095	doesn't fit
Sell HTX live order book, 3 min ago	0.69 bp	7.1 bp −$7	15.6 bp −$156	54.7 bp −$5,471	144.1 bp −$72.0K

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	1.5244	+0.695%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5244	+0.698%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5240	+0.667%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5226	+0.576%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5219	+0.531%	$14.4M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.782%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0050% / S +0.0016%	1h	1.5238	+0.657%	$782K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5250	+0.734%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5249	+0.728%	$501K	$3.3M	20x	as long as short
Orderly PERP_XRP_USDC	+0.0097%	8h	1.5239	+0.662%	$62K	$934K	50x	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	+0.0098%	8h	1.5239	+0.662%	$15K	$341K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5246	+0.708%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5245	+0.699%	$38.6M	$84.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5245	+0.702%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5242	+0.679%	$535.7M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5239	+0.662%	$348.9M	$941.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5238	+0.655%	$127.8M	$887.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	+0.232%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5246	+0.708%	$119K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	+0.278%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5246	+0.708%	$373.1M	$153.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5247	+0.714%	$291.4M	$897.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5246	+0.708%	$108.9M	$176.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5249	+0.728%	$269.9M	$388.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5244	+0.695%	—	$127.5M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5139	long leg	$4.8M	$38.1M	—
edgeX XRPUSDC	+0.0100%	4h	1.5193	+0.356%	$660K	$109.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	+0.541%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5206	+0.444%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5239	+0.664%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5245	+0.701%	$44K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5245	+0.701%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5239	+0.661%	$820K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5231	+0.608%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5225	+0.569%	$29K	$1.7M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5233	+0.625%	$49.8M	$15.7M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5226	+0.576%	$54.3M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5245	+0.699%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5234	+0.630%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5237	+0.645%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5250	+0.734%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5225	+0.569%	$5.6M	$47.5M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5247	+0.716%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5200	+0.404%	$24.2M	$76.2M	125x	as long as short
Hyperliquid XRP	+0.0221%	1h	1.5259	+0.794%	$293.0M	$234.1M	20x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5224	+0.565%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5231	+0.609%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0315%	1h	1.5247	+0.714%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5248	+0.718%	$519K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	+0.140%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0627%	1h	1.5183	+0.290%	$2K	$15K	10x	as long as short