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% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Paradex+0.015%7-day average −0.056% · 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−$24as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on Paradex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.015%, 7d avg −0.056%

Together, before fees−0.235%+ Points / potential airdropParadex: Active · farm board−$23 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: HTX is 0.071% dearer against Paradex than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5177	0.0100	pay 0.0100% / 8h	3h 40m	$473K	$55K	50x
Short	HTX XRP-USDT	1.5179	0.0100	get 0.0100% / 8h	3h 40m	$49.6M	$15.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Paradex. 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 ParadexbpFee HTXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.056%: $7.07
Slippage, 4 orders: −$15.46
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.39
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Paradex: live order book, 14 min ago; HTX: 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 Paradex live order book, 14 min ago	4.61 bp	6.6 bp −$7	135.4 bp −$1,354	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	0.03 bp	9.1 bp −$9	12.5 bp −$125	30.5 bp −$3,046	106.4 bp −$53.2K

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	1.5178	+0.006%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5177	+0.002%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5176	−0.008%	$262K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5179	+0.013%	$7.8M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5174	−0.018%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.523%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0052% / S +0.0013%	1h	1.5176	−0.008%	$779K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5180	+0.018%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5179	+0.013%	$497K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5173	−0.027%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5176	−0.007%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5177	−0.002%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5180	+0.016%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5179	+0.013%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5175	−0.014%	$533.1M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5177	−0.001%	$345.8M	$942.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5176	−0.007%	$127.1M	$886.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5151	−0.172%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5181	+0.026%	$118K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.171%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5174	−0.020%	$370.3M	$154.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5175	−0.014%	$292.9M	$900.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5176	−0.004%	$108.9M	$176.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5175	−0.014%	$268.8M	$389.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5178	+0.006%	—	$127.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5173	−0.028%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5203	+0.171%	$661K	$109.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	+0.157%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5209	+0.210%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5179	+0.016%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5184	+0.046%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5178	+0.007%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5180	+0.020%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5182	+0.035%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5175	−0.014%	$29K	$1.7M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5179	+0.015%	$49.6M	$15.7M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5176	−0.007%	$54.1M	$31.1M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5177	long leg	$473K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5172	−0.033%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5175	−0.011%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5183	+0.039%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5182	+0.032%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5181	+0.023%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5176	−0.007%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5170	−0.046%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0277%	8h	1.5186	+0.059%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0289%	1h	1.5185	+0.052%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0320%	1h	1.5191	+0.092%	$292.0M	$235.4M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5183	+0.041%	$517K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5170	−0.047%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0669%	1h	1.5190	+0.084%	$2K	$15K	10x	as long as short