Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Aster−0.054%52s7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2792.794% of the position

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.081%−$8 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.054%, 7d avg −0.011%

Together, before fees−0.014%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.044% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.011%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5350	0.0100	pay 0.0100% / 8h	1m 25s	$38.8M	$82.7M	100x
Short	gTrade (Gains Network) XRP/USD	1.5341	L +0.0003% / S −0.0004%	get 0.0001% / 1h	1m 25s	$266K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.054%Rate

Funding earned: −$20.08
Price spread: −0.054% → −0.011%: −$4.35
Slippage, 4 orders: −$261.39
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$303.82
Costs to cover: 2.794%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 13 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	4.7 bp −$5	5.5 bp −$55	15.5 bp −$1,548	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 13 min ago	130.04 bp	135.0 bp −$135	193.2 bp −$1,932	1958.2 bp −$195.8K	doesn't fit

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	1.5350	+0.003%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5343	−0.040%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	+0.003%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5341	−0.054%	$266K	—	150x
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0090%	1h	1.5340	−0.061%	$841K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5347	−0.017%	$9.3M	$25.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5345	−0.031%	$14.9M	$70.2M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5344	−0.036%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.371%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5350	+0.002%	$2.9M	$13.8M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5350	+0.003%	$512K	$3.3M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5347	−0.020%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5350	long leg	$38.8M	$82.7M	100x
Pacifica XRP	+0.0100%	1h	1.5350	+0.004%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5347	−0.017%	$541.6M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5350	+0.003%	$340.3M	$931.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5352	+0.016%	$125.8M	$885.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.193%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5348	−0.010%	$117K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5333	−0.108%	$1.7M	$570K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5346	−0.023%	$362.7M	$149.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5356	+0.042%	$303.7M	$901.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5346	−0.021%	$108.7M	$166.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5354	+0.029%	$268.5M	$377.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5345	−0.030%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5290	−0.385%	$8.2M	$33.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5324	−0.169%	$665K	$106.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5319	−0.197%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5328	−0.140%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5348	−0.010%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5356	+0.042%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5356	+0.040%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5345	−0.027%	$826K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5347	−0.017%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5343	−0.043%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5343	−0.041%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5344	−0.036%	$54.7M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5348	−0.011%	$478K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5344	−0.036%	$12K	$271K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5344	−0.038%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5341	−0.056%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5347	−0.017%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5353	+0.019%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5323	−0.173%	$24.0M	$74.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5353	+0.022%	$5.8M	$47.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0265%	1h	1.5358	+0.055%	$1.7M	$1.1M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5341	−0.057%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5343	−0.043%	$2.3M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0553%	1h	1.5369	+0.127%	$290.6M	$216.0M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5352	+0.016%	$525K	$746K	10x	as long as short
Aftermath Perps XRPUSD	+0.0781%	1h	1.5335	−0.097%	$1K	$11K	10x	as long as short