Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bullet against Aster+0.073%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 Bullet

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 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: Bullet is 0.073% dearer against Aster than usual: you sell high and buy low, +$7 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	1.5593	0.0100	pay 0.0100% / 8h	1h 36m	$39.6M	$76.6M	100x
Short	Bullet XRP-USD	1.5604	0.0100	get 0.0013% / 1h	36m 44s	$42K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → 0.000%: $7.27
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$8.73
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; Bullet: 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, 2 min ago	0.64 bp	4.6 bp −$5	5.3 bp −$53	14.0 bp −$1,403	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	1.5610	+0.109%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5594	+0.004%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5603	+0.064%	$9.7M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5598	+0.035%	$261K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.943%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5599	+0.038%	$15.6M	$68.0M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5601	+0.051%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0133%	1h	1.5606	+0.085%	$919K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5579	−0.088%	$3.0M	$11.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5586	−0.045%	$457K	$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	1.5589	−0.029%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5593	long leg	$39.6M	$76.6M	100x
Pacifica XRP	+0.0100%	1h	1.5594	+0.007%	$673K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5561	−0.205%	$561.8M	$1.94B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5589	−0.026%	$350.5M	$880.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5588	−0.032%	$127.5M	$872.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5693	+0.641%	$584K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5602	+0.058%	$119K	$729K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+0.577%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5594	+0.007%	$374.3M	$138.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5597	+0.026%	$294.9M	$837.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5598	+0.033%	$114.9M	$157.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5584	−0.058%	$271.2M	$357.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5592	−0.006%	—	$116.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5690	+0.620%	$12.0M	$29.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5643	+0.323%	$679K	$99.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5652	+0.379%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	+0.334%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5601	+0.049%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5593	0.000%	$46K	$445K	20x	as long as short
Bullet XRP-USDshort	+0.0100%	1h	1.5604	+0.073%	$42K	$64K	20x
Derive XRP-PERP	+0.0100%	1h	1.5605	+0.075%	$840K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5599	+0.042%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5600	+0.045%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5582	−0.068%	$51.2M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5606	+0.084%	$55.6M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5592	−0.005%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5601	+0.051%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5596	+0.019%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5601	+0.052%	$73K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0128%	1h	1.5657	+0.409%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5604	+0.071%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5587	−0.040%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5607	+0.090%	$5.8M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5608	+0.096%	$24.6M	$73.3M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0298%	1h	1.5609	+0.103%	$1.8M	$976K	25x	as long as short
Kalshi KXXRPPERP	+0.0325%	8h	1.5614	+0.135%	$1.9M	$32.3M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5730	+0.879%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5608	+0.096%	$509K	$615K	10x	as long as short
Hyperliquid XRP	+0.0607%	1h	1.5604	+0.071%	$291.0M	$199.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0669%	1h	1.5648	+0.352%	$1K	$11K	10x	as long as short