Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: HTX against gTrade (Gains Network)+0.046%7-day average −0.042% · 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−$283as in the Price arb table

costs, in and out, $10k−$2922.918% of the position

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.097%+$10 on $10k

Price spread, last 3 days (all we have)−0.165%−$17 · spread now +0.046%, 7d avg −0.042%

Together, before fees−0.068%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.088% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XRP/USD	1.5082	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	36m 57s	$252K	—	150x
Short	HTX XRP-USDT	1.5088	0.0100	get 0.0100% / 8h	6h 36m	$49.4M	$15.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $20.3
Price spread: +0.046% → −0.042%: $8.8
Slippage, 4 orders: −$269.8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$262.7
Costs to cover: 2.918%
Break-even: 97.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 32 min ago; HTX: live order book, 2 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 gTrade (Gains Network) virtual book (oracle venue), 32 min ago	130.04 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell HTX live order book, 2 min ago	0.56 bp	12.0 bp −$12	14.4 bp −$144	37.6 bp −$3,758	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	1.5078	−0.023%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5091	+0.062%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5100	+0.123%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5082	long leg	$252K	—	150x
GMX XRP/USD [ETH-USDC]	L +0.0021% / S +0.0063%	1h	1.5088	+0.043%	$827K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.173%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5088	+0.045%	$14.6M	$72.9M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0070%	8h	1.5083	+0.010%	$57K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5088	+0.041%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5092	+0.070%	$515K	$3.3M	20x	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	1.5092	+0.070%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5098	+0.113%	$795K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5085	+0.025%	$38.4M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5104	+0.147%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5096	+0.097%	$536.1M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5095	+0.090%	$339.3M	$945.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5096	+0.096%	$123.4M	$871.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5090	+0.056%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5102	+0.136%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.672%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5094	+0.083%	$366.1M	$151.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5092	+0.070%	$287.1M	$906.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5086	+0.032%	$106.4M	$172.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5098	+0.109%	$265.0M	$385.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5092	+0.070%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5098	+0.110%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5093	+0.076%	$655K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5084	+0.015%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5108	+0.176%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5096	+0.099%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5100	+0.123%	$45K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5097	+0.103%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5085	+0.023%	$812K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5100	+0.123%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5091	+0.063%	$29K	$1.7M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5088	+0.046%	$49.4M	$15.5M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5092	+0.070%	$53.6M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5103	+0.144%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5093	+0.074%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5083	+0.009%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5102	+0.136%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0148%	1h	1.5091	+0.063%	$7.6M	$25.4M	50x	as long as short
Hyperliquid XRP	+0.0196%	1h	1.5111	+0.196%	$279.4M	$220.8M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5095	+0.092%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5093	+0.076%	$5.7M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.739%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5089	+0.048%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0330%	1h	1.5105	+0.156%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0340%	8h	1.5097	+0.103%	$2.1M	$36.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5106	+0.159%	$535K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0805%	1h	1.5109	+0.183%	$2K	$14K	10x	as long as short