Funding arb · Price arb /

XRP

all XRP markets

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: Gate against HTX−0.003%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.003%, 7d avg +0.041%

Together, before fees+0.058%+$6 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: Gate is 0.043% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5014	0.0100	pay 0.0100% / 8h	2h 33m	$49.1M	$15.8M	75x
Short	Gate XRP_USDT	1.5014	0.0100	get 0.0100% / 8h	2h 33m	$368.3M	$157.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.041%: −$4.34
Slippage, 4 orders: −$9.43
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$40.77
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Gate: live order book, 6 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, 1 min ago	0.03 bp	10.4 bp −$10	13.4 bp −$134	45.2 bp −$4,519	doesn't fit
Sell Gate live order book, 6 min ago	0.33 bp	9.4 bp −$9	14.2 bp −$142	30.9 bp −$3,095	42.5 bp −$21.2K

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	1.5022	+0.051%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5016	+0.013%	$14.2M	$75.2M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5007	−0.050%	$1.1M	$115K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5070	+0.370%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5019	+0.031%	$7.6M	$25.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5012	−0.015%	$257K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.634%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5012	−0.015%	$786K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5016	+0.011%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5017	+0.019%	$2.8M	$14.9M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5019	+0.031%	$494K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5013	−0.009%	$11K	$363K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5014	+0.001%	$910K	$6.3M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5026	+0.077%	$287.8M	$259.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5013	−0.009%	$38.3M	$86.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5014	−0.004%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5026	+0.079%	$526.8M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5015	+0.004%	$340.7M	$959.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5015	+0.004%	$124.4M	$889.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.4998	−0.109%	$560K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5024	+0.064%	$136K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5057	+0.283%	$1.6M	$30K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5014	−0.003%	$368.3M	$157.8M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5015	+0.004%	$286.4M	$912.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5008	−0.043%	$106.2M	$180.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5014	−0.003%	$264.9M	$396.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5015	+0.004%	—	$105.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5067	+0.351%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5074	+0.397%	$655K	$112.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5067	+0.350%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5081	+0.444%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5017	+0.017%	$51K	$493K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5014	−0.003%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5016	+0.011%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5012	−0.015%	$808K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5019	+0.033%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5016	+0.011%	$28K	$1.7M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5014	long leg	$49.1M	$15.8M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5025	+0.071%	$53.5M	$31.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5014	−0.004%	$468K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5022	+0.050%	—	$13K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5012	−0.013%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5014	+0.001%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0131%	8h	1.5024	+0.064%	$1.7M	$35.7M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0170%	1h	1.5033	+0.124%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5019	+0.031%	$5.6M	$48.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5031	+0.111%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5012	−0.013%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5017	+0.017%	$23.4M	$75.8M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5024	+0.067%	$512K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0608%	1h	1.5053	+0.256%	$2K	$15K	10x	as long as short