Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h −0.007%

Price spread now: HTX against 01 Exchange−0.077%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.077% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 36 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5257	−0.0072	get 0.0009% / 1h	26m 59s	$9K	$987	10x
Short	HTX XRP-USDT	1.5245	0.0100	get 0.0100% / 8h	5h 26m	$49.7M	$13.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against 01 Exchange. 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 01 ExchangebpFee HTXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $36.12
Price spread: −0.077% → 0.000%: −$7.67
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: $9.45
Costs to cover: 0.190%
Break-even: 5.2 days

Slippage unknown: 01 Exchange: no order-book sample; HTX: live order book, 5 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell HTX live order book, 5 min ago	0.03 bp	7.1 bp −$7	9.7 bp −$97	27.9 bp −$2,790	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 50 exchanges

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	1.5374	+0.767%	$5K	$4K	20x	as long as short
01 Exchange XRPUSDlong	−0.0072%	1h	1.5257	long leg	$9K	$987	10x
Kraken Futures PF_XRPUSD	−0.0063%	1h	1.5253	−0.027%	$13.8M	$69.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5255	−0.010%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5260	+0.020%	$68K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5253	−0.026%	$7.6M	$20.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5258	+0.008%	$241K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.986%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5265	+0.049%	$17K	$75K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5253	−0.024%	$2.8M	$14.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5257	0.000%	$591K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5252	−0.033%	$476K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5253	−0.026%	$11K	$406K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5254	−0.016%	$1.1M	$5.8M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5265	+0.052%	$295.7M	$267.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5252	−0.033%	$38.8M	$80.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5255	−0.016%	$587K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5254	−0.020%	$529.8M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5253	−0.026%	$357.9M	$867.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5250	−0.046%	$123.7M	$821.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5242	−0.098%	$560K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5262	+0.033%	$162K	$696K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5256	−0.007%	$376.6M	$159.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5249	−0.052%	$307.5M	$901.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5250	−0.046%	$104.4M	$181.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5250	−0.046%	$269.8M	$353.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5253	−0.026%	—	$99.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5257	−0.001%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5257	0.000%	$663K	$107.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5255	−0.013%	$1.1M	$32.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.046%	$1.2M	$1.2M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5252	−0.033%	$52K	$472K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5251	−0.038%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5250	−0.046%	$83K	$601K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5252	−0.036%	$128K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5250	−0.046%	$32K	$1.4M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5245	−0.077%	$49.7M	$13.6M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5252	−0.033%	$54.3M	$33.3M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5287	+0.193%	$1.6M	$32K	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5254	−0.021%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5244	−0.083%	$2.2M	$6.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5245	−0.079%	$59K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0106%	1h	1.5263	+0.039%	$2.0M	$1.2M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5254	−0.020%	$5.5M	$42.6M	50x	as long as short
Kalshi KXXRPPERP	+0.0127%	8h	1.5265	+0.052%	$1.9M	$35.4M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5254	−0.020%	$23.7M	$77.5M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5245	−0.081%	$1.3M	$1K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0228% / S −0.0468%	1h	1.5251	−0.037%	$858K	—	200x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5261	+0.028%	$513K	$726K	10x	as long as short
Aftermath Perps XRPUSD	+0.0344%	1h	1.5263	+0.039%	$3K	$13K	10x	as long as short