Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against HTX+0.053%7-day average +0.045% · 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−$288as in the Price arb table

costs, in and out, $10k−$2892.889% of the position

Long on HTX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.088%−$9 on $10k

Price spread, last 3 days (all we have)+0.534%+$53 · spread now +0.053%, 7d avg +0.045%

Together, before fees+0.446%+$45 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5178	0.0100	pay 0.0100% / 8h	3h 31m	$50.0M	$13.9M	75x
Short	gTrade (Gains Network) XRP/USD	1.5186	L +0.0003% / S −0.0004%	get 0.0001% / 1h	31m 42s	$257K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.053%Rate

Funding earned: −$20.12
Price spread: +0.053% → +0.045%: $0.82
Slippage, 4 orders: −$266.92
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$308.22
Costs to cover: 2.889%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 18 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, 3 min ago	0.03 bp	10.7 bp −$11	15.0 bp −$150	34.3 bp −$3,434	118.0 bp −$59.0K
Sell gTrade (Gains Network) virtual book (oracle venue), 18 min ago	130.02 bp	135.0 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	doesn't fit

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
GMX XRP/USD [ETH-USDC]	L −0.0207% / S +0.0293%	1h	1.5184	+0.042%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5197	+0.125%	$7K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0013%	1h	1.5195	+0.111%	$15.9M	$59.2M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5188	+0.064%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	−0.053%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5199	+0.138%	$9.0M	$22.8M	50x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5186	+0.053%	$257K	—	150x
Orderly PERP_XRP_USDC	+0.0045%	8h	1.5186	+0.053%	$180K	$781K	50x	as long as short
Injective XRP/USDC PERP	+0.0050%	1h	1.5090	−0.580%	$2K	$51K	30x	as long as short
Vest XRP-PERP	+0.0071%	1h	1.5187	+0.061%	—	$9K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5186	+0.053%	$2.9M	$10.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5191	+0.086%	$567K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5198	+0.132%	$12K	$241K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5184	+0.043%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5185	+0.045%	$38.6M	$69.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5188	+0.066%	$671K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5182	+0.026%	$539.2M	$1.79B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5188	+0.066%	$343.4M	$798.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5188	+0.066%	$124.2M	$807.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5182	+0.026%	$564K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5195	+0.112%	$114K	$622K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5189	+0.072%	$354.6M	$127.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5182	+0.026%	$310.3M	$771.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5187	+0.060%	$110.4M	$140.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5187	+0.059%	$263.5M	$327.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5191	+0.086%	—	$103.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5188	+0.064%	$7.4M	$22.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5167	−0.074%	$659K	$91.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5169	−0.060%	$1.1M	$41.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5196	+0.119%	$1.0M	$757K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5192	+0.092%	$49K	$460K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5187	+0.060%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5192	+0.092%	$818K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5190	+0.082%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5192	+0.092%	$30K	$1.8M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5178	long leg	$50.0M	$13.9M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5189	+0.072%	$54.5M	$27.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5194	+0.105%	$1.6M	$202K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5188	+0.066%	$474K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5184	+0.037%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5194	+0.106%	$73K	$37K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5195	+0.112%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5205	+0.178%	$5.3M	$41.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0193%	1h	1.5198	+0.132%	$1.7M	$895K	25x	as long as short
Kalshi KXXRPPERP	+0.0206%	8h	1.5203	+0.165%	$1.7M	$31.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5186	+0.054%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5210	+0.211%	$23.4M	$61.7M	125x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5189	+0.071%	$19K	$43K	7x	as long as short
RISEx XRP/USDC	+0.0330%	1h	1.5197	+0.122%	$402K	$502K	10x	as long as short
Hyperliquid XRP	+0.0440%	1h	1.5210	+0.211%	$283.4M	$165.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0458%	1h	1.5183	+0.035%	$1K	$10K	10x	as long as short