Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0698%/8h= −76.5% APRpaid last 24h −0.141%

Price spread now: Bybit against Aftermath Perps+0.015%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 Bybit

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$21 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XRPUSD	1.5331	0.0798	pay 0.0100% / 1h	17m 01s	$2K	$13K	10x
Short	Bybit XRPUSDT	1.5333	0.0100	get 0.0100% / 8h	7h 17m	$341.9M	$919.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$146.62
Price spread: +0.015% → 0.000%: $1.5
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$165.12
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Bybit: 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 Bybit live order book, 2 min ago	0.33 bp	5.8 bp −$6	7.6 bp −$76	13.4 bp −$1,342	24.5 bp −$12.3K

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	1.5321	−0.063%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5305	−0.168%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5312	−0.124%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0016% / S +0.0075%	1h	1.5309	−0.140%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.496%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5318	−0.083%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5313	−0.115%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5322	−0.059%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5327	−0.024%	$515K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5316	−0.096%	$9K	$280K	20x	as long as short

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	1.5311	−0.129%	$477K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5318	−0.080%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5321	−0.060%	$38.7M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5313	−0.115%	$633K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5334	+0.022%	$541.9M	$2.05B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5333	+0.015%	$341.9M	$919.9M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5333	+0.015%	$124.6M	$867.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5317	−0.089%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5320	−0.070%	$117K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.367%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5323	−0.050%	$373.8M	$151.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5326	−0.031%	$307.3M	$910.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5321	−0.063%	$110.4M	$166.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5327	−0.024%	$268.3M	$375.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5326	−0.031%	—	$123.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5315	−0.103%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5316	−0.093%	$667K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5327	−0.024%	$1.1M	$38.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5312	−0.122%	$1.2M	$996K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5327	−0.024%	$49K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5313	−0.116%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5321	−0.063%	$825K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5314	−0.110%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5321	−0.063%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5313	−0.117%	$50.2M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5325	−0.037%	$54.5M	$29.6M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5316	−0.096%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5317	−0.088%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5318	−0.084%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0142%	1h	1.5324	−0.044%	$9.3M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5317	−0.087%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5323	−0.050%	$24.1M	$73.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5325	−0.037%	$5.7M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5322	−0.058%	$14.6M	$70.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0294%	1h	1.5335	+0.028%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0312%	8h	1.5322	−0.057%	$2.0M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5292	−0.255%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0381%	1h	1.5342	+0.074%	$289.0M	$214.8M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5320	−0.070%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSDlong	+0.0798%	1h	1.5331	long leg	$2K	$13K	10x
RISEx XRP/USDC	+0.0828%	1h	1.5324	−0.043%	$542K	$773K	10x	as long as short