Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against HTX+0.081%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$330.325% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.090%−$9 on $10k
Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.081%, 7d avg +0.053%
Together, before fees−0.076%−$8 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: Polymarket Perps is 0.028% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX XRP-USDT1.51660.0100pay 0.0100% / 8h37m 09s$49.5M$15.4M75x
ShortPolymarket Perps XRP-USD1.51780.0100get 0.0013% / 1h37m 09s$51K$510K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
$0
Price spread: +0.081% → +0.053%
$2.84
Slippage, 4 orders
−$12.52
Fee HTX: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$29.68
Costs to cover
0.325%
Break-even
never at this rate
Slippage from HTX: live order book, 2 min ago; Polymarket Perps: live order book, 65 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 2 min ago0.03 bp8.8 bp −$99.9 bp −$9929.7 bp −$2,966doesn't fit
Sell Polymarket Perps live order book, 65 min ago1.98 bp7.2 bp −$710.0 bp −$100doesn't fitdoesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5190+0.160%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5182+0.104%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5174+0.055%$245K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5172+0.042%$7.8M$24.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.600%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5168+0.014%$14.5M$73.8M50xas long as short
Lighter XRP+0.0096%1h1.5167+0.009%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5172+0.042%$603K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5172+0.042%$17K$380K20xas long as short
Nado XRP-PERP+0.0100%1h1.5176+0.070%$1.0M$6.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XRPUSDT+0.0100%8h1.5181+0.101%$38.4M$86.9M100xas long as short
Pacifica XRP+0.0100%1h1.5190+0.159%$612K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5177+0.077%$531.7M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5175+0.061%$349.6M$955.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5189+0.154%$127.9M$869.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5224+0.384%$567K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5187+0.140%$144K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5190+0.160%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5178+0.081%$378.3M$160.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5167+0.009%$314.1M$921.6M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5169+0.021%$106.3M$183.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5180+0.094%$268.2M$391.0M125xas long as short
BingX XRP-USDC+0.0100%8h1.5178+0.081%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5226+0.395%$5.0M$38.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5205+0.260%$660K$113.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5210+0.292%$1.1M$35.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5239+0.483%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5187+0.137%$15K10xas long as short
Polymarket Perps XRP-USDshort+0.0100%1h1.5178+0.081%$51K$510K20x
Bullet XRP-USD+0.0100%1h1.5177+0.072%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5174+0.055%$77K$688K50xas long as short
Derive XRP-PERP+0.0100%1h1.5195+0.196%$817K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5183+0.116%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5168+0.015%$28K$1.6M10xas long as short
HTX XRP-USDTlong+0.0100%8h1.5166long leg$49.5M$15.4M75x
Phemex XRPUSDT+0.0100%8h1.5169+0.022%$54.2M$32.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5194+0.190%$474K$55K50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0101% / S −0.0061%1h1.5174+0.054%$783K200xas long as short
Extended XRP-USD+0.0104%1h1.5164−0.008%$2.1M$6.9M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5175+0.061%$8K$2K10xas long as short
Hibachi XRP/USDT-P+0.0104%1h1.5194+0.184%$17K$78K7xas long as short
Aevo XRP-PERP+0.0104%1h1.5169+0.023%$58K$25K3xas long as short
Hyperliquid XRP+0.0133%1h1.5181+0.101%$289.6M$267.7M20xas long as short
Backpack XRP_USDC_PERP+0.0151%1h1.5186+0.134%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5176+0.068%$5.6M$48.2M50xas long as short
Kalshi KXXRPPERP+0.0195%8h1.5187+0.140%$1.8M$34.5M2.9xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5175+0.062%$1.3M$4K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5169+0.022%$23.5M$77.6M125xas long as short
RISEx XRP/USDC+0.0394%1h1.5183+0.116%$521K$807K10xas long as short
Phoenix XRP+0.0526%1h1.5230+0.424%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0645%1h1.5216+0.333%$2K$16K10xas long as short