Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.010%

Price spread now: HTX against 01 Exchange−0.042%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 0.042% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 7.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.4996	0.0080	pay 0.0010% / 1h	25m 06s	$8K	$8K	10x
Short	HTX XRP-USDT	1.4990	0.0100	get 0.0100% / 8h	2h 25m	$49.0M	$15.7M	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 −0.042%Rate

Funding earned: $4.2
Price spread: −0.042% → 0.000%: −$4.2
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: −$19
Costs to cover: 0.190%
Break-even: 38.7 days

Slippage unknown: 01 Exchange: no order-book sample; HTX: live order book, 4 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, 4 min ago	8.68 bp	20.5 bp −$20	44.3 bp −$443	546.2 bp −$54.6K	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 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	1.4943	−0.353%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.4994	−0.010%	$14.1M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.4984	−0.083%	$1.1M	$130K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.4980	−0.107%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.4994	−0.014%	$243K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.761%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.4993	−0.019%	$788K	—	200x	as long as short
01 Exchange XRPUSDlong	+0.0080%	1h	1.4996	long leg	$8K	$8K	10x
Deribit XRP_USDC-PERPETUAL	+0.0084%	1h	1.4997	+0.007%	$7.6M	$25.7M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.4996	+0.001%	$2.8M	$15.0M	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	1.4998	+0.013%	$543K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.4986	−0.067%	$10K	$363K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.4989	−0.050%	$952K	$6.3M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.4992	−0.027%	$285.3M	$261.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.4983	−0.087%	$38.2M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.4988	−0.051%	$599K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.4987	−0.059%	$524.5M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.4984	−0.080%	$340.7M	$971.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.4987	−0.060%	$124.2M	$876.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.4932	−0.427%	$556K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5003	+0.047%	$143K	$729K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5027	+0.206%	$1.6M	$4K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.4983	−0.087%	$367.8M	$159.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.4981	−0.100%	$277.6M	$919.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.4987	−0.059%	$104.6M	$181.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.4979	−0.113%	$262.9M	$397.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.4982	−0.093%	—	$106.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.4960	−0.240%	$4.7M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.4951	−0.298%	$649K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5001	+0.031%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.4945	−0.340%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5000	+0.027%	$51K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.4996	0.000%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.4995	−0.007%	$61K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.4993	−0.017%	$807K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5002	+0.037%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.4996	0.000%	$28K	$1.6M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.4990	−0.042%	$49.0M	$15.7M	75x
Phemex XRPUSDT	+0.0100%	8h	1.4989	−0.047%	$53.5M	$32.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.4997	+0.008%	$468K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.4991	−0.035%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.4989	−0.043%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.4995	−0.009%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0148%	8h	1.4991	−0.033%	$1.6M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0162%	1h	1.4991	−0.033%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5000	+0.027%	$5.5M	$48.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.4939	−0.382%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.4993	−0.018%	$1.3M	$6K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.4995	−0.007%	$23.3M	$76.3M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5001	+0.033%	$512K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0619%	1h	1.5001	+0.034%	$2K	$16K	10x	as long as short