Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: edgeX against HTX−0.289%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.289%, 7d avg +0.026%

Together, before fees+0.090%+ Points / potential airdropedgeX: Active · farm board+$9 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: edgeX is 0.315% cheaper against HTX than usual: you would sell low and buy high, −$32 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	HTX XRP-USDT	1.5238	0.0100	pay 0.0100% / 8h	1h 18m	$49.8M	$15.6M	75x
Short	edgeX XRPUSDC	1.5194	0.0100	get 0.0050% / 4h	1h 18m	$660K	$113.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against HTX. 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 HTXbpFee edgeXbpOrdersPrice spread, now −0.289%Rate

Funding earned: $0
Price spread: −0.289% → +0.026%: −$31.5
Slippage, 4 orders: −$9.21
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$61.71
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; edgeX: live order book, 5 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 HTX live order book, 5 min ago	0.03 bp	8.9 bp −$9	11.1 bp −$111	33.9 bp −$3,392	doesn't fit
Sell edgeX live order book, 5 min ago	0.99 bp	5.5 bp −$5	5.6 bp −$56	9.7 bp −$974	doesn't fit

XRP on 50 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	1.5243	+0.030%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5232	−0.043%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5200	−0.253%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5212	−0.176%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5232	−0.046%	$14.5M	$75.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.110%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0078%	1h	1.5236	−0.016%	$7.8M	$24.7M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0088% / S −0.0040%	1h	1.5231	−0.052%	$786K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5243	+0.030%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5244	+0.036%	$548K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5233	−0.036%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5240	+0.013%	$993K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5240	+0.012%	$38.7M	$87.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5239	+0.005%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5242	+0.023%	$534.8M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5237	−0.010%	$349.7M	$965.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5241	+0.016%	$128.1M	$885.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5196	−0.279%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5248	+0.062%	$145K	$716K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5238	−0.003%	$378.9M	$161.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5240	+0.010%	$312.4M	$930.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5241	+0.018%	$107.9M	$182.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5239	+0.003%	$269.4M	$397.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5236	−0.016%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	−0.267%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5194	−0.289%	$660K	$113.8M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5199	−0.262%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5204	−0.226%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5236	−0.015%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5240	+0.010%	$66K	$507K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5233	−0.038%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5232	−0.043%	$65K	$747K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5243	+0.031%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5231	−0.049%	$32K	$1.6M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5238	long leg	$49.8M	$15.6M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5234	−0.030%	$54.5M	$32.5M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5206	−0.213%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5248	+0.063%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5236	−0.018%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5231	−0.046%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5246	+0.049%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5233	−0.038%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5238	−0.003%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0188%	1h	1.5241	+0.016%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0211%	1h	1.5254	+0.102%	$290.3M	$265.0M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5229	−0.061%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5230	−0.056%	$23.7M	$78.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0224%	8h	1.5238	−0.003%	$1.8M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5236	−0.014%	$533K	$802K	10x	as long as short
Aftermath Perps XRPUSD	+0.0644%	1h	1.5214	−0.163%	$2K	$16K	10x	as long as short