Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Aster+0.083%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$550.545% of the position

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 7 days+0.035%+$3 · spread now +0.083%, 7d avg +0.004%

Together, before fees−0.085%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.078% dearer against Aster than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.004%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5117	0.0100	pay 0.0100% / 8h	5h 38m	$38.4M	$83.2M	100x
Short	dYdX XRP-USD	1.5129	0	get 0.0000% / 1h	38m 11s	$1.1M	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$21
Price spread: +0.083% → +0.004%: $7.82
Slippage, 4 orders: −$36.51
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$67.68
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; dYdX: live order book, 1 min ago.

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, 6 min ago	0.99 bp	5.0 bp −$5	5.5 bp −$55	10.7 bp −$1,072	doesn't fit
Sell dYdX live order book, 1 min ago	17.21 bp	22.2 bp −$22	22.2 bp −$222	33.8 bp −$3,384	85.2 bp −$42.6K

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	1.5131	+0.093%	$5K	$3K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5129	+0.083%	$1.1M	$110K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5117	0.000%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0015%	1h	1.5119	+0.013%	$7.6M	$25.4M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0032% / S +0.0046%	1h	1.5118	+0.007%	$816K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.930%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5119	+0.013%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5127	+0.066%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5118	+0.006%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5114	−0.020%	$508K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5117	0.000%	$9K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5125	+0.050%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5129	+0.079%	$279.8M	$220.2M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5117	long leg	$38.4M	$83.2M	100x
Pacifica XRP	+0.0100%	1h	1.5134	+0.115%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5109	−0.053%	$535.5M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5109	−0.053%	$342.7M	$925.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5112	−0.033%	$125.4M	$863.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5112	−0.033%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5131	+0.093%	$114K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5136	+0.123%	$1.6M	$88K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5118	+0.007%	$368.5M	$151.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5110	−0.046%	$292.8M	$896.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5113	−0.029%	$106.4M	$170.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5106	−0.073%	$265.9M	$380.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5110	−0.046%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5121	+0.023%	$5.6M	$36.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5123	+0.038%	$657K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5153	+0.238%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5143	+0.172%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5122	+0.031%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5122	+0.033%	$41K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5121	+0.025%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5121	+0.029%	$814K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5122	+0.030%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5117	0.000%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5117	−0.001%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5112	−0.033%	$53.8M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5131	+0.095%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5115	−0.011%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5117	−0.001%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0207%	1h	1.5117	0.000%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5114	−0.017%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5118	+0.007%	$5.6M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5108	−0.060%	$24.2M	$74.4M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5112	−0.032%	$14.5M	$73.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5109	−0.050%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5127	+0.066%	$2.2M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5130	+0.086%	$515K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5140	+0.152%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0711%	1h	1.5126	+0.060%	$2K	$14K	10x	as long as short