Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Aster−0.099%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days+0.086%+$9 · spread now −0.099%, 7d avg −0.005%

Together, before fees+0.116%+ Points / potential airdropAster: Stage 5 · farm board+$12 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: Gate is 0.094% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5217	0.0100	pay 0.0100% / 8h	2h 39m	$38.7M	$71.6M	100x
Short	Gate XRP_USDT	1.5202	0.0100	get 0.0100% / 8h	2h 39m	$354.6M	$128.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → −0.005%: −$9.36
Slippage, 4 orders: −$7.41
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$39.77
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago	0.33 bp	4.9 bp −$5	5.4 bp −$54	14.3 bp −$1,432	doesn't fit
Sell Gate live order book, 5 min ago	0.33 bp	11.0 bp −$11	15.5 bp −$155	30.3 bp −$3,034	41.6 bp −$20.8K

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
GMX XRP/USD [ETH-USDC]	L −0.0211% / S +0.0297%	1h	1.5252	+0.227%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5253	+0.236%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5210	−0.047%	$1.1M	$100K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5270	+0.348%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5246	+0.190%	$9.3M	$23.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5211	−0.037%	$255K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.479%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5239	+0.144%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5216	−0.008%	$2.9M	$11.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5220	+0.019%	$442K	$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	1.5201	−0.109%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5217	long leg	$38.7M	$71.6M	100x
Pacifica XRP	+0.0100%	1h	1.5212	−0.032%	$662K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5204	−0.086%	$543.5M	$1.83B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5205	−0.079%	$340.8M	$832.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5203	−0.092%	$122.3M	$822.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5254	+0.243%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5209	−0.053%	$115K	$645K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5260	+0.285%	$1.6M	$350K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5202	−0.099%	$354.6M	$128.9M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5211	−0.040%	$290.5M	$798.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5209	−0.055%	$111.2M	$146.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5203	−0.092%	$264.1M	$336.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5210	−0.046%	—	$112.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5263	+0.299%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5261	+0.291%	$663K	$95.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5246	+0.193%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.308%	$1.0M	$842K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5208	−0.060%	$52K	$460K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5210	−0.045%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5240	+0.150%	$821K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5272	+0.358%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5243	+0.170%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5236	+0.124%	$50.1M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5252	+0.230%	$54.5M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5206	−0.075%	$474K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5215	−0.010%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5214	−0.020%	$11K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5201	−0.108%	$2.1M	$7.3M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5240	+0.153%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0113%	1h	1.5258	+0.269%	$1.7M	$931K	25x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5209	−0.053%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5246	+0.189%	$15.2M	$62.8M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5252	+0.230%	$5.3M	$42.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5205	−0.080%	$1.3M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0216%	8h	1.5258	+0.269%	$1.7M	$31.7M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5262	+0.295%	$24.0M	$66.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5256	+0.254%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5213	−0.027%	$403K	$498K	10x	as long as short
Hyperliquid XRP	+0.0435%	1h	1.5223	+0.039%	$279.2M	$179.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0508%	1h	1.5238	+0.140%	$1K	$10K	10x	as long as short