Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0478%/8h= −52.3% APRpaid last 24h −0.118%

Price spread now: BloFin against Aftermath Perps+0.151%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 BloFin

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. BloFin is 0.151% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.151% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XRPUSD	1.5138	0.0698	pay 0.0087% / 1h	34m 54s	$2K	$14K	10x
Short	BloFin XRP-USDT	1.5161	0.0220	get 0.0220% / 8h	5h 34m	$24.3M	$74.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.151%Rate

Funding earned: −$100.31
Price spread: +0.151% → 0.000%: $15.06
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$106.26
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; BloFin: live order book, 9 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 BloFin live order book, 9 min ago	1.65 bp	7.7 bp −$8	8.2 bp −$82	15.0 bp −$1,502	30.4 bp −$15.2K

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	1.5155	+0.111%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5150	+0.081%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5163	+0.163%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0033% / S +0.0045%	1h	1.5163	+0.161%	$818K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.786%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5159	+0.137%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5166	+0.184%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5169	+0.203%	$7.7M	$25.4M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5168	+0.195%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5170	+0.210%	$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	1.5150	+0.078%	$10K	$308K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5162	+0.161%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5162	+0.157%	$280.8M	$220.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5172	+0.224%	$38.5M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5152	+0.089%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5162	+0.155%	$537.5M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5152	+0.091%	$343.7M	$925.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5154	+0.104%	$125.7M	$866.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5112	−0.173%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5157	+0.124%	$115K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	+0.119%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5162	+0.157%	$369.8M	$151.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5161	+0.151%	$294.3M	$896.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5164	+0.168%	$106.8M	$171.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5150	+0.078%	$266.7M	$380.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5157	+0.124%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5151	+0.082%	$5.7M	$36.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5123	−0.102%	$657K	$109.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5134	−0.028%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5125	−0.087%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5158	+0.130%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5166	+0.184%	$42K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5165	+0.177%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5170	+0.208%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5171	+0.213%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5167	+0.190%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5165	+0.180%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5167	+0.190%	$53.9M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5155	+0.112%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5165	+0.179%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5165	+0.174%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0204%	1h	1.5175	+0.243%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5165	+0.177%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5170	+0.210%	$5.6M	$46.5M	50x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5161	+0.151%	$24.3M	$74.9M	125x
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5165	+0.175%	$14.5M	$73.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5131	−0.045%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5168	+0.197%	$2.2M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5160	+0.146%	$516K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	−0.054%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSDlong	+0.0698%	1h	1.5138	long leg	$2K	$14K	10x