Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0451%/8h= −49.4% APRpaid last 24h −0.126%

Price spread now: Aster against Aftermath Perps−0.130%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Aster is 0.130% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XRPUSD	1.5304	0.0551	pay 0.0069% / 1h	51m 59s	$1K	$10K	10x
Short	Aster XRPUSDT	1.5285	0.0100	get 0.0100% / 8h	2h 51m	$38.9M	$71.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aftermath 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 Aftermath PerpsbpFee AsterbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$94.8
Price spread: −0.130% → 0.000%: −$13.02
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$124.83
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Aster: live order book, 2 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	0.65 bp	4.7 bp −$5	5.5 bp −$55	13.8 bp −$1,382	doesn't fit

Aftermath 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
GMX XRP/USD [ETH-USDC]	L −0.0211% / S +0.0297%	1h	1.5278	−0.176%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5288	−0.108%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5280	−0.163%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5300	−0.029%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5285	−0.127%	$9.3M	$23.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5277	−0.179%	$256K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.095%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5277	−0.179%	$180K	$785K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5279	−0.167%	$3.0M	$11.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5280	−0.160%	$444K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5271	−0.215%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5285	−0.130%	$38.9M	$71.2M	100x
Pacifica XRP	+0.0100%	1h	1.5277	−0.179%	$673K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5287	−0.116%	$547.3M	$1.83B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5292	−0.081%	$344.5M	$829.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5286	−0.121%	$123.6M	$826.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5277	−0.179%	$569K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5274	−0.199%	$115K	$643K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5314	+0.064%	$1.6M	$344K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5281	−0.153%	$355.4M	$128.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5285	−0.127%	$297.7M	$785.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5283	−0.141%	$112.1M	$145.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5288	−0.108%	$266.2M	$336.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5282	−0.147%	—	$112.5M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5295	−0.062%	$1.7M	$914K	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5304	0.000%	$6.4M	$24.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5314	+0.063%	$666K	$94.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5308	+0.023%	$1.1M	$42.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5293	−0.075%	$1.0M	$823K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5274	−0.202%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5274	−0.199%	$51K	$456K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5274	−0.199%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5281	−0.151%	$823K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5288	−0.106%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5281	−0.153%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5282	−0.145%	$50.3M	$14.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5281	−0.153%	$54.6M	$27.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5272	−0.209%	$476K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5274	−0.199%	$10K	$236K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5290	−0.094%	$2.1M	$7.4M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5284	−0.137%	$71K	$40K	3x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5279	−0.166%	$15.3M	$62.6M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5289	−0.101%	$5.3M	$42.5M	50x	as long as short
Kalshi KXXRPPERP	+0.0202%	8h	1.5287	−0.114%	$1.7M	$31.9M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5268	−0.238%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5286	−0.121%	$24.0M	$65.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5299	−0.038%	$19K	$55K	7x	as long as short
01 Exchange XRPUSD	+0.0264%	1h	1.5274	−0.199%	$8K	$8K	10x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5278	−0.172%	$404K	$503K	10x	as long as short
Hyperliquid XRP	+0.0439%	1h	1.5298	−0.042%	$285.8M	$173.8M	20x	as long as short
Aftermath Perps XRPUSDlong	+0.0551%	1h	1.5304	long leg	$1K	$10K	10x