Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against HTX−0.027%7-day average +0.036% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$295as in the Price arb table

costs, in and out, $10k−$2882.884% of the position

Long on HTX Short on gTrade (Gains Network)

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 4 days (all we have)+0.147%+$15 · spread now −0.027%, 7d avg +0.036%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.063% cheaper against HTX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5169	0.0100	pay 0.0100% / 8h	3m 44s	$49.5M	$15.3M	75x
Short	gTrade (Gains Network) XRP/USD	1.5165	L +0.0003% / S −0.0004%	get 0.0000% / 1h	3m 44s	$246K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.027%Rate

Funding earned: −$20.18
Price spread: −0.027% → +0.036%: −$6.29
Slippage, 4 orders: −$266.37
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$314.83
Costs to cover: 2.884%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 35 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	10.9 bp −$11	13.6 bp −$136	32.3 bp −$3,229	110.5 bp −$55.3K
Sell gTrade (Gains Network) virtual book (oracle venue), 35 min ago	130.05 bp	135.1 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	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	1.5161	−0.053%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5168	−0.008%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5165	−0.027%	$246K	—	150x
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5174	+0.032%	$7.7M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.577%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5167	−0.013%	$14.6M	$73.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5186	+0.112%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5162	−0.050%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5164	−0.034%	$604K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5155	−0.093%	$20K	$383K	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	1.5164	−0.030%	$998K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5163	−0.039%	$38.5M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5163	−0.041%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5160	−0.060%	$529.0M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5158	−0.073%	$349.8M	$947.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5160	−0.060%	$127.3M	$862.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	+0.019%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5165	−0.027%	$143K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5189	+0.131%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5160	−0.060%	$377.5M	$163.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5160	−0.060%	$309.6M	$931.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5160	−0.061%	$106.6M	$183.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5156	−0.086%	$268.7M	$388.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5160	−0.060%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5165	−0.024%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5174	+0.032%	$659K	$113.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5174	+0.032%	$1.1M	$33.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5182	+0.085%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5176	+0.044%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5169	−0.001%	$52K	$515K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5167	−0.014%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5168	−0.007%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5185	+0.102%	$817K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5169	+0.002%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5165	−0.027%	$28K	$1.5M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5169	long leg	$49.5M	$15.3M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5167	−0.014%	$54.1M	$32.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5166	−0.017%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5153	−0.107%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5166	−0.020%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5166	−0.022%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0110% / S −0.0072%	1h	1.5165	−0.027%	$783K	—	200x	as long as short
Hyperliquid XRP	+0.0143%	1h	1.5179	+0.065%	$289.8M	$268.2M	20x	as long as short
Kalshi KXXRPPERP	+0.0163%	8h	1.5174	+0.032%	$1.8M	$33.6M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5173	+0.026%	$5.6M	$47.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0181%	1h	1.5176	+0.045%	$2.0M	$1.4M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5184	+0.098%	$23.6M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5163	−0.043%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5163	−0.041%	$520K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5190	+0.138%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0575%	1h	1.5175	+0.041%	$2K	$16K	10x	as long as short