Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Aster−0.018%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$160.158% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 7 days+0.015%+$2 · spread now −0.018%, 7d avg −0.040%

Together, before fees+0.127%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$13 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: Extended is 0.022% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5398	0.0100	pay 0.0100% / 8h	5h 59m	$39.4M	$82.0M	100x
Short	Extended XRP-USD	1.5395	0.0104	get 0.0013% / 1h	59m 03s	$2.2M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0.84
Price spread: −0.018% → −0.040%: $2.23
Slippage, 4 orders: −$2.83
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.76
Costs to cover: 0.158%
Break-even: 113.3 days

Slippage from Aster: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago	0.65 bp	4.6 bp −$5	5.7 bp −$57	16.3 bp −$1,629	doesn't fit
Sell Extended live order book, 3 min ago	0.32 bp	3.4 bp −$3	6.3 bp −$63	doesn't fit	doesn't fit

XRP on 50 exchanges

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	1.5403	+0.032%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5403	+0.029%	$14.1M	$72.0M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5419	+0.135%	$1.1M	$155K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5402	+0.026%	$7.9M	$21.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5390	−0.051%	$246K	—	150x	as long as short
01 Exchange XRPUSD	+0.0016%	1h	1.5405	+0.045%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.052%	$2K	$107K	30x	as long as short
Ondo Perps XRP-USD.P	+0.0046%	1h	1.5424	+0.169%	$565K	$37K	5x	as long as short
Lighter XRP	+0.0096%	1h	1.5401	+0.020%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5405	+0.045%	$606K	$3.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0099%	8h	1.5414	+0.104%	$481K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5398	0.000%	$10K	$400K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5411	+0.088%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5409	+0.071%	$300.5M	$267.8M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5398	long leg	$39.4M	$82.0M	100x
Pacifica XRP	+0.0100%	1h	1.5415	+0.110%	$596K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5399	+0.006%	$537.0M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5409	+0.071%	$365.3M	$893.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5396	−0.013%	$125.2M	$843.1M	100x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5414	+0.104%	$166K	$684K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5400	+0.013%	$384.0M	$155.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5395	−0.019%	$310.1M	$884.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5400	+0.014%	$107.0M	$181.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5398	0.000%	$273.1M	$358.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5398	0.000%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5390	−0.053%	$5.0M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5392	−0.036%	$669K	$110.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5425	+0.174%	$1.1M	$31.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5405	+0.045%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5409	+0.073%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5404	+0.039%	$53K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5404	+0.036%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5403	+0.032%	$84K	$606K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5410	+0.077%	$129K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5400	+0.013%	$32K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5391	−0.045%	$50.2M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5404	+0.039%	$54.9M	$33.3M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5369	−0.187%	$1.6M	$25K	20x	as long as short
Extended XRP-USDshort	+0.0104%	1h	1.5395	−0.018%	$2.2M	$6.2M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5394	−0.023%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5405	+0.045%	$5.5M	$45.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5425	+0.173%	$17K	$76K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0130%	1h	1.5407	+0.058%	$2.0M	$1.2M	25x	as long as short
Kalshi KXXRPPERP	+0.0143%	8h	1.5416	+0.117%	$1.9M	$34.8M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0168% / S −0.0366%	1h	1.5401	+0.020%	$610K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5399	+0.006%	$23.9M	$78.9M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5399	+0.007%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5413	+0.096%	$514K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0428%	1h	1.5410	+0.080%	$3K	$14K	10x	as long as short
Phoenix XRP	+0.0516%	1h	1.5410	+0.078%	$69K	$108K	15x	as long as short