Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Aster−0.125%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.125% cheaper against Aster than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5256	0.0100	pay 0.0100% / 8h	2h 35m	$38.8M	$71.6M	100x
Short	Aevo XRP-PERP	1.5237	0.0104	get 0.0013% / 1h	35m 39s	$71K	$40K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.125%Rate

Funding earned: $0.84
Price spread: −0.125% → 0.000%: −$12.55
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$35.71
Costs to cover: 0.240%
Break-even: 304.5 days

Slippage unknown: Aster: live order book, 3 min ago; Aevo: no order-book sample. 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 Aster live order book, 3 min ago	0.33 bp	4.3 bp −$4	5.1 bp −$51	11.7 bp −$1,174	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	1.5243	−0.088%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5194	−0.406%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5261	+0.033%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5270	+0.092%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5242	−0.092%	$9.2M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5241	−0.101%	$255K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.223%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5234	−0.144%	$177K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5262	+0.040%	$3.0M	$11.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5265	+0.059%	$443K	$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	1.5254	−0.010%	$1.1M	$5.2M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5256	long leg	$38.8M	$71.6M	100x
Pacifica XRP	+0.0100%	1h	1.5261	+0.030%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5258	+0.016%	$545.7M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5258	+0.013%	$341.7M	$834.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5254	−0.013%	$123.1M	$827.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5253	−0.020%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5266	+0.066%	$114K	$646K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5260	+0.029%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5255	−0.007%	$355.8M	$129.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5256	0.000%	$289.4M	$800.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5263	+0.043%	$112.7M	$146.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5257	+0.007%	$265.5M	$338.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5258	+0.013%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5263	+0.043%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5214	−0.273%	$662K	$95.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5246	−0.063%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.052%	$1.0M	$842K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5260	+0.026%	$50K	$474K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5246	−0.064%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5237	−0.123%	$821K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5242	−0.092%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5239	−0.111%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5232	−0.154%	$50.1M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5254	−0.013%	$54.6M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5263	+0.047%	$476K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5253	−0.023%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5256	0.000%	$12K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5251	−0.034%	$2.1M	$7.3M	50x	as long as short
Aevo XRP-PERPshort	+0.0104%	1h	1.5237	−0.125%	$71K	$40K	3x
Backpack XRP_USDC_PERP	+0.0118%	1h	1.5257	+0.007%	$1.7M	$924K	25x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5253	−0.020%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5238	−0.121%	$15.2M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5250	−0.039%	$5.4M	$43.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5251	−0.031%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5260	+0.026%	$23.8M	$66.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0222%	8h	1.5252	−0.026%	$1.7M	$31.7M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5265	+0.056%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5258	+0.016%	$404K	$496K	10x	as long as short
Hyperliquid XRP	+0.0449%	1h	1.5277	+0.138%	$280.2M	$179.7M	20x	as long as short
Aftermath Perps XRPUSD	+0.0522%	1h	1.5247	−0.057%	$1K	$10K	10x	as long as short