Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0567%/8h= +62.1% APRpaid last 24h +0.164%

Price spread now: Aftermath Perps against Aster+0.020%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Aftermath Perps is 0.020% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread 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	1.5201	0.0100	pay 0.0100% / 8h	52m 42s	$38.6M	$87.4M	100x
Short	Aftermath Perps XRPUSD	1.5204	0.0667	get 0.0083% / 1h	52m 42s	$2K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.020%Rate

Funding earned: $119.06
Price spread: +0.020% → 0.000%: $2.03
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $104.08
Costs to cover: 0.170%
Break-even: 0.9 days

Slippage unknown: Aster: live order book, 1 min ago; Aftermath Perps: 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, 1 min ago	0.66 bp	4.7 bp −$5	5.4 bp −$54	12.1 bp −$1,209	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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	1.5222	+0.141%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5203	+0.015%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5191	−0.065%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5195	−0.037%	$7.8M	$24.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.364%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5193	−0.047%	$14.5M	$74.2M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0096% / S −0.0053%	1h	1.5190	−0.073%	$784K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5201	+0.002%	$2.8M	$15.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5196	−0.030%	$545K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5195	−0.037%	$10K	$371K	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	1.5199	−0.007%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5201	long leg	$38.6M	$87.4M	100x
Pacifica XRP	+0.0100%	1h	1.5197	−0.023%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5193	−0.053%	$532.1M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5188	−0.083%	$348.9M	$958.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5193	−0.050%	$127.7M	$883.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5214	+0.088%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5205	+0.029%	$145K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5195	−0.034%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5202	+0.009%	$379.0M	$159.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5191	−0.063%	$312.7M	$917.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5190	−0.072%	$107.1M	$183.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5193	−0.050%	$268.7M	$394.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5204	+0.022%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5174	−0.177%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5183	−0.115%	$660K	$113.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5223	+0.149%	$1.1M	$35.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5181	−0.129%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5207	+0.044%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5204	+0.022%	$50K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5191	−0.061%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5189	−0.076%	$75K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5189	−0.073%	$817K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5206	+0.033%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5192	−0.057%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5200	−0.002%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5199	−0.011%	$54.3M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5196	−0.031%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5199	−0.014%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5187	−0.087%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5229	+0.186%	$17K	$79K	7x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5205	+0.029%	$9K	$2K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0166%	1h	1.5208	+0.049%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5195	−0.037%	$5.6M	$48.1M	50x	as long as short
Hyperliquid XRP	+0.0182%	1h	1.5210	+0.062%	$289.6M	$267.4M	20x	as long as short
Kalshi KXXRPPERP	+0.0214%	8h	1.5207	+0.042%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5191	−0.063%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5197	−0.024%	$23.8M	$77.9M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5203	+0.017%	$529K	$806K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−0.136%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSDshort	+0.0667%	1h	1.5204	+0.020%	$2K	$16K	10x