Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0294%/8h= −32.2% APRpaid last 24h −0.116%

Price spread now: HTX against RISEx−0.033%7-day average −0.090% · 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−$24as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.337%−$34 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.033%, 7d avg −0.090%

Together, before fees−0.468%−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.057% dearer against RISEx than usual: you sell high and buy low (spread −0.033% now, against its 7-day average of −0.090%): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5174	0.0394	pay 0.0049% / 1h	3m 53s	$521K	$798K	10x
Short	HTX XRP-USDT	1.5169	0.0100	get 0.0100% / 8h	3m 53s	$49.5M	$15.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against RISEx. 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 RISExbpFee HTXbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$61.81
Price spread: −0.033% → −0.090%: $5.66
Slippage, 4 orders: −$12.05
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$86.2
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from RISEx: live order book, 35 min ago; HTX: 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 RISEx live order book, 35 min ago	2.90 bp	5.9 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	0.03 bp	7.3 bp −$7	9.8 bp −$98	26.9 bp −$2,689	100.1 bp −$50.0K

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	1.5189	+0.098%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5168	−0.041%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5165	−0.060%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5174	−0.001%	$7.7M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.543%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5167	−0.046%	$14.6M	$73.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5186	+0.079%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5166	−0.050%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5170	−0.027%	$604K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5167	−0.047%	$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	1.5164	−0.063%	$998K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5164	−0.067%	$38.5M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5172	−0.012%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5165	−0.059%	$529.2M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5162	−0.080%	$349.9M	$947.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5164	−0.067%	$127.5M	$862.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	−0.014%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5176	+0.013%	$143K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5189	+0.098%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5163	−0.073%	$377.6M	$163.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5165	−0.060%	$309.7M	$930.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5164	−0.069%	$106.6M	$183.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5163	−0.073%	$268.8M	$388.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5166	−0.053%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5165	−0.057%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5174	−0.001%	$659K	$113.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5174	−0.001%	$1.1M	$33.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5182	+0.052%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5176	+0.011%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5169	−0.034%	$52K	$515K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5167	−0.047%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5168	−0.040%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5185	+0.069%	$817K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5169	−0.031%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5165	−0.060%	$28K	$1.5M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5169	−0.033%	$49.5M	$15.3M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5167	−0.047%	$54.1M	$32.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5172	−0.016%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5160	−0.094%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5175	+0.006%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5166	−0.055%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0110% / S −0.0072%	1h	1.5165	−0.060%	$783K	—	200x	as long as short
Hyperliquid XRP	+0.0143%	1h	1.5179	+0.032%	$289.8M	$268.2M	20x	as long as short
Kalshi KXXRPPERP	+0.0163%	8h	1.5174	−0.001%	$1.8M	$33.6M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5173	−0.007%	$5.6M	$47.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0181%	1h	1.5176	+0.013%	$2.0M	$1.4M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5184	+0.065%	$23.6M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5163	−0.076%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDClong	+0.0394%	1h	1.5174	long leg	$521K	$798K	10x
Phoenix XRP	+0.0526%	1h	1.5190	+0.105%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0575%	1h	1.5175	+0.008%	$2K	$16K	10x	as long as short