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: Variational Omni against HTX+0.071%7-day average +0.026% · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.400%−$40 · spread now +0.071%, 7d avg +0.026%

Together, before fees−0.400%+ Points / potential airdropVariational Omni: Active · farm board−$40 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: Variational Omni is 0.046% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5189	0.0100	pay 0.0100% / 8h	5h 09m	$49.7M	$15.6M	75x
Short	Variational Omni XRP	1.5200	0.0100	get 0.0100% / 8h	5h 09m	$5.9M	$36.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.026%: $4.58
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.42
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 5 min ago; Variational Omni: RFQ quote, 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 HTX live order book, 5 min ago	0.03 bp	9.3 bp −$9	11.3 bp −$113	28.9 bp −$2,891	116.4 bp −$58.2K
Sell Variational Omni RFQ quote, 5 min ago	2.04 bp	doesn't fit	2.4 bp −$24	19.9 bp −$1,985	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5192	+0.022%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5184	−0.031%	$1.1M	$110K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5192	+0.022%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5189	+0.002%	$254K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.445%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0034% / S +0.0037%	1h	1.5190	+0.005%	$796K	—	200x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5186	−0.018%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0077%	8h	1.5188	−0.005%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5190	+0.011%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5190	+0.009%	$512K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5182	−0.044%	$10K	$311K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5185	−0.021%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5197	+0.055%	$282.4M	$223.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5189	+0.002%	$38.4M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5189	+0.001%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5189	+0.004%	$536.5M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5190	+0.009%	$346.7M	$930.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5188	−0.005%	$126.0M	$872.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5180	−0.057%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5190	+0.009%	$114K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5223	+0.226%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5190	+0.009%	$368.9M	$153.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5188	−0.005%	$297.0M	$903.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5189	+0.001%	$109.0M	$171.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5189	+0.002%	$269.5M	$381.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5187	−0.011%	—	$4.2M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5200	+0.071%	$5.9M	$36.8M	—
edgeX XRPUSDC	+0.0100%	4h	1.5202	+0.086%	$660K	$107.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5227	+0.252%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5221	+0.213%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5192	+0.024%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5187	−0.011%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5192	+0.022%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5189	+0.004%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5193	+0.028%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5189	+0.002%	$28K	$1.7M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5189	long leg	$49.7M	$15.6M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5188	−0.005%	$54.0M	$30.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5188	−0.004%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5185	−0.027%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5189	0.000%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0190%	1h	1.5211	+0.147%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.5207	+0.118%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5186	−0.020%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5195	+0.041%	$5.6M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5191	+0.015%	$24.3M	$75.5M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5187	−0.009%	$14.4M	$73.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0344%	8h	1.5194	+0.035%	$2.1M	$34.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5191	+0.018%	$517K	$778K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	+0.206%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0657%	1h	1.5210	+0.143%	$2K	$14K	10x	as long as short