Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0657%/8h= −72.0% APRpaid last 24h −0.168%

Price spread now: GRVT against Aftermath Perps+0.034%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 GRVT

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 airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.034% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XRPUSD	1.5159	0.0757	pay 0.0095% / 1h	26m 39s	$2K	$14K	10x
Short	GRVT XRP_USDT_Perp	1.5164	0.0100	get 0.0100% / 8h	6h 26m	$1.1M	$38.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$138
Price spread: +0.034% → 0.000%: $3.41
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$152.59
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; GRVT: 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 GRVT live order book, 2 min ago	0.33 bp	4.8 bp −$5	12.4 bp −$124	54.4 bp −$5,441	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 50 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	1.5184	+0.166%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5182	+0.155%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.008%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5184	+0.166%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0060%	1h	1.5184	+0.164%	$804K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.646%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5184	+0.164%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5189	+0.199%	$62K	$953K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5191	+0.213%	$2.8M	$14.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5190	+0.206%	$517K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5173	+0.093%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5188	+0.194%	$890K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5182	+0.150%	$38.6M	$84.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5193	+0.224%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5194	+0.230%	$538.9M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5195	+0.239%	$342.7M	$939.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5201	+0.278%	$124.7M	$874.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	+0.100%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5186	+0.179%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5101	−0.382%	$1.6M	$307K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5180	+0.140%	$369.4M	$152.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5194	+0.232%	$291.7M	$911.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5185	+0.173%	$107.2M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5183	+0.159%	$266.2M	$383.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5183	+0.159%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5152	−0.044%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5164	+0.035%	$658K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perpshort	+0.0100%	8h	1.5164	+0.034%	$1.1M	$38.0M	20x
ApeX Omni XRPUSDT	+0.0100%	1h	1.5179	+0.133%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5187	+0.189%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5191	+0.212%	$44K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5189	+0.199%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5191	+0.211%	$817K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5187	+0.186%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	+0.166%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5186	+0.177%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5178	+0.126%	$54.0M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5195	+0.239%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5172	+0.090%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5185	+0.174%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5190	+0.206%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0211%	1h	1.5190	+0.206%	$7.7M	$25.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5188	+0.193%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5193	+0.225%	$5.7M	$46.8M	50x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5195	+0.239%	$281.2M	$223.4M	20x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5174	+0.102%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0355%	8h	1.5191	+0.212%	$2.1M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0364%	1h	1.5194	+0.232%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5192	+0.218%	$538K	$783K	10x	as long as short
Aftermath Perps XRPUSDlong	+0.0757%	1h	1.5159	long leg	$2K	$14K	10x