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: OKX against HTX+0.072%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.072%, 7d avg +0.037%

Together, before fees−0.060%−$6 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: OKX is 0.035% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.037%.

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	5m 10s	$49.5M	$15.3M	75x
Short	OKX XRP-USDT-SWAP	1.5180	0.0100	get 0.0100% / 8h	5m 10s	$127.6M	$863.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.037%: $3.5
Slippage, 4 orders: −$7.58
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$26.08
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; OKX: 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 HTX live order book, 4 min ago	0.03 bp	10.9 bp −$11	13.6 bp −$136	32.3 bp −$3,229	110.5 bp −$55.3K
Sell OKX live order book, 4 min ago	0.33 bp	6.0 bp −$6	7.5 bp −$75	14.1 bp −$1,406	32.9 bp −$16.5K

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	1.5180	+0.072%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5178	+0.061%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5186	+0.109%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5192	+0.151%	$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	1.5185	+0.105%	$14.6M	$73.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5174	+0.030%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5186	+0.109%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5190	+0.138%	$605K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5185	+0.105%	$20K	$382K	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	1.5188	+0.128%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5187	+0.118%	$38.6M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5177	+0.051%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5183	+0.092%	$529.8M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5180	+0.072%	$350.3M	$948.0M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5180	+0.072%	$127.6M	$863.3M	100x
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	1.5197	+0.184%	$144K	$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	1.5188	+0.125%	$378.3M	$163.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5186	+0.111%	$309.8M	$930.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5185	+0.105%	$106.8M	$183.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5185	+0.105%	$269.3M	$388.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5187	+0.118%	—	$107.8M	—	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	1.5190	+0.136%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5192	+0.151%	$52K	$515K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5185	+0.107%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5190	+0.138%	$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	1.5190	+0.140%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	+0.098%	$29K	$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	1.5186	+0.111%	$54.1M	$32.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5180	+0.070%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5180	+0.070%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5195	+0.171%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5186	+0.114%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0110% / S −0.0072%	1h	1.5185	+0.104%	$784K	—	200x	as long as short
Hyperliquid XRP	+0.0144%	1h	1.5200	+0.204%	$290.2M	$268.2M	20x	as long as short
Kalshi KXXRPPERP	+0.0164%	8h	1.5189	+0.131%	$1.8M	$33.7M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5189	+0.131%	$5.6M	$48.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0182%	1h	1.5198	+0.191%	$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	1.5186	+0.109%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5196	+0.177%	$521K	$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	+0.0570%	1h	1.5181	+0.075%	$2K	$16K	10x	as long as short