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: HTX against Katana Perps−0.162%7-day average −0.026% · you buy dearer than you sell

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

Long on Katana Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.029%+$3 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.162%, 7d avg −0.026%

Together, before fees+0.068%+$7 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: HTX is 0.136% cheaper against Katana Perps than usual: you would sell low and buy high, −$14 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	Katana Perps XRP-USD	1.5304	0.0100	pay 0.0100% / 8h	7h 45m	$11K	$275K	20x
Short	HTX XRP-USDT	1.5279	0.0100	get 0.0100% / 8h	7h 45m	$50.1M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Katana Perps. 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 Katana PerpsbpFee HTXbpOrdersPrice spread, now −0.162%Rate

Funding earned: $0.04
Price spread: −0.162% → −0.026%: −$13.64
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.4
Costs to cover: 0.158%
Break-even: 4673.6 days

Slippage unknown: Katana Perps: no order-book sample; HTX: live order book, 3 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 Katana Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 3 min ago	0.03 bp	8.7 bp −$9	12.4 bp −$124	28.4 bp −$2,843	108.8 bp −$54.4K

Katana Perps: 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 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	1.5312	+0.052%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5308	+0.024%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5283	−0.139%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0010% / S +0.0085%	1h	1.5281	−0.151%	$838K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.673%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5285	−0.124%	$75K	$909K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0077%	1h	1.5287	−0.111%	$9.3M	$25.4M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5288	−0.107%	$2.8M	$13.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5291	−0.085%	$511K	$3.2M	20x	as long as short
Katana Perps XRP-USDlong	+0.0100%	8h	1.5304	long leg	$11K	$275K	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5309	+0.033%	$477K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5294	−0.062%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5293	−0.072%	$38.7M	$83.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5312	+0.052%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5291	−0.084%	$537.3M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5291	−0.085%	$340.3M	$927.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5291	−0.085%	$124.6M	$875.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5292	−0.078%	$569K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5306	+0.013%	$117K	$710K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5306	+0.010%	$1.6M	$562K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5292	−0.078%	$372.0M	$148.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5294	−0.065%	$295.5M	$896.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5292	−0.076%	$108.5M	$167.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5289	−0.098%	$267.5M	$376.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5286	−0.118%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5300	−0.025%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5308	+0.023%	$665K	$107.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5305	+0.010%	$1.1M	$39.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5310	+0.039%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5294	−0.063%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5294	−0.065%	$48K	$443K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5282	−0.144%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5286	−0.115%	$823K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5312	+0.050%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5286	−0.118%	$29K	$1.8M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5279	−0.162%	$50.1M	$15.6M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5288	−0.105%	$54.4M	$29.7M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5291	−0.083%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5285	−0.127%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5301	−0.020%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5284	−0.129%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5311	+0.046%	$24.0M	$74.4M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5292	−0.078%	$5.8M	$46.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0242%	1h	1.5295	−0.059%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5284	−0.132%	$14.5M	$70.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5308	+0.027%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5307	+0.020%	$2.0M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0410%	1h	1.5305	+0.007%	$289.9M	$216.2M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5320	+0.105%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0801%	1h	1.5327	+0.148%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5304	0.000%	$506K	$755K	10x	as long as short