Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0441%/8h= −48.3% APRpaid last 24h −0.126%

Price spread now: Bitget against Aftermath Perps+0.300%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Bitget

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—needs both histories

The price spread pays, funding is against you. Bitget is 0.300% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.300% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XRPUSD	1.5538	0.0541	pay 0.0068% / 1h	53m 57s	$1K	$11K	10x
Short	Bitget XRPUSDT	1.5585	0.0100	get 0.0100% / 8h	1h 53m	$270.0M	$351.6M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.300%Rate

Funding earned: −$92.57
Price spread: +0.300% → 0.000%: $29.98
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$83.59
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Bitget: live order book, 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	0.32 bp	6.3 bp −$6	8.6 bp −$86	20.0 bp −$1,997	44.4 bp −$22.2K

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
Hotstuff XRP-PERP	−0.0080%	1h	1.5630	+0.589%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5630	+0.589%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5530	−0.054%	$69K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5606	+0.435%	$261K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0006%	1h	1.5610	+0.461%	$9.6M	$25.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0024%	1h	1.5630	+0.591%	$19K	$72K	7x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.599%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5610	+0.458%	$15.5M	$67.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0051%	8h	1.5612	+0.474%	$82K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0079% / S +0.0152%	1h	1.5605	+0.429%	$919K	—	200x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5604	+0.425%	$3.1M	$11.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5607	+0.441%	$464K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5608	+0.445%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5598	+0.383%	$39.8M	$74.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5639	+0.647%	$682K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5587	+0.311%	$564.8M	$1.91B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5583	+0.287%	$353.6M	$865.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5582	+0.280%	$127.8M	$866.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5587	+0.313%	$578K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5632	+0.602%	$121K	$720K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	−0.540%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5592	+0.345%	$371.3M	$133.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5598	+0.383%	$286.7M	$816.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5608	+0.445%	$113.1M	$152.2M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5585	+0.300%	$270.0M	$351.6M	125x
BingX XRP-USDT	+0.0100%	8h	1.5586	+0.306%	—	$115.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5558	+0.127%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5524	−0.095%	$674K	$96.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5563	+0.158%	$1.1M	$41.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5507	−0.202%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5611	+0.467%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5619	+0.519%	$53K	$436K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5611	+0.468%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5608	+0.449%	$840K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5611	+0.470%	$131K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5607	+0.441%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5600	+0.396%	$51.3M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5600	+0.396%	$55.5M	$28.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5635	+0.621%	$487K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5621	+0.531%	$12K	$247K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5605	+0.428%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5606	+0.435%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0192%	1h	1.5628	+0.577%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5614	+0.483%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5612	+0.474%	$5.7M	$46.0M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5645	+0.686%	$24.5M	$71.6M	125x	as long as short
Kalshi KXXRPPERP	+0.0340%	8h	1.5636	+0.628%	$1.9M	$32.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0449%	1h	1.5608	+0.448%	$1.8M	$981K	25x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5631	+0.595%	$408K	$528K	10x	as long as short
Aftermath Perps XRPUSDlong	+0.0541%	1h	1.5538	long leg	$1K	$11K	10x
Hyperliquid XRP	+0.0700%	1h	1.5605	+0.428%	$288.5M	$194.1M	20x	as long as short