Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%

Price spread now: edgeX against Aster−0.164%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days+0.146%+$15 · spread now −0.164%, 7d avg −0.037%

Together, before fees+0.066%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.127% cheaper against Aster than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5189	0.0100	pay 0.0100% / 8h	6h 27m	$38.7M	$84.2M	100x
Short	edgeX XRPUSDC	1.5164	0.0100	get 0.0050% / 4h	2h 27m	$658K	$108.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.164%Rate

Funding earned: $0
Price spread: −0.164% → −0.037%: −$12.73
Slippage, 4 orders: −$3.3
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$33.03
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; edgeX: live order book, 2 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, 2 min ago	0.33 bp	4.3 bp −$4	5.5 bp −$55	13.4 bp −$1,338	doesn't fit
Sell edgeX live order book, 2 min ago	1.32 bp	5.8 bp −$6	5.9 bp −$59	9.5 bp −$953	doesn't fit

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	−0.033%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5177	−0.076%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	−0.191%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5184	−0.033%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0060%	1h	1.5184	−0.035%	$804K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.443%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5184	−0.035%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5189	0.000%	$62K	$953K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5185	−0.026%	$2.8M	$14.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5184	−0.033%	$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	−0.105%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5188	−0.005%	$890K	$5.9M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5189	long leg	$38.7M	$84.2M	100x
Pacifica XRP	+0.0100%	1h	1.5189	−0.001%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5186	−0.018%	$538.6M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5185	−0.026%	$342.5M	$939.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5187	−0.013%	$124.6M	$873.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.099%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5186	−0.020%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5101	−0.579%	$1.6M	$307K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5182	−0.046%	$369.5M	$152.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5176	−0.086%	$291.2M	$911.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5187	−0.014%	$107.2M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5183	−0.039%	$266.1M	$383.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5184	−0.033%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5152	−0.243%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5164	−0.164%	$658K	$108.7M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5164	−0.165%	$1.1M	$38.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5179	−0.066%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5187	−0.010%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5191	+0.013%	$44K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5189	0.000%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5191	+0.012%	$817K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5187	−0.013%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	−0.033%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5186	−0.022%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5178	−0.072%	$54.0M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5188	−0.008%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5186	−0.023%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5185	−0.024%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5190	+0.007%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0211%	1h	1.5190	+0.007%	$7.7M	$25.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5188	−0.006%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5193	+0.026%	$5.7M	$46.8M	50x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5194	+0.033%	$281.1M	$223.4M	20x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5174	−0.096%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0355%	8h	1.5191	+0.013%	$2.1M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0364%	1h	1.5194	+0.033%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5192	+0.019%	$538K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0757%	1h	1.5159	−0.199%	$2K	$14K	10x	as long as short