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 −0.020%

Price spread now: GRVT against Aster−0.108%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on Aster Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 7 days+0.120%+$12 · spread now −0.108%, 7d avg +0.013%

Together, before fees+0.195%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board+$20 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: GRVT is 0.121% cheaper against Aster than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5257	0.0100	pay 0.0100% / 8h	2h 35m	$38.8M	$71.6M	100x
Short	GRVT XRP_USDT_Perp	1.5240	0.0100	get 0.0100% / 8h	2h 35m	$1.1M	$41.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.108%Rate

Funding earned: $0
Price spread: −0.108% → +0.013%: −$12.09
Slippage, 4 orders: −$2.79
Fee Aster: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$31.88
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; GRVT: live order book, 4 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, 4 min ago	0.33 bp	4.3 bp −$4	5.1 bp −$51	11.7 bp −$1,174	doesn't fit
Sell GRVT live order book, 4 min ago	0.33 bp	4.8 bp −$5	7.8 bp −$78	46.3 bp −$4,627	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
GMX XRP/USD [ETH-USDC]	L −0.0211% / S +0.0297%	1h	1.5255	−0.010%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5255	−0.011%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5261	+0.029%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5250	−0.043%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5257	+0.003%	$9.2M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5255	−0.008%	$255K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.219%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5251	−0.037%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5255	−0.011%	$3.0M	$11.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5258	+0.009%	$443K	$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	1.5260	+0.022%	$1.0M	$5.2M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5257	long leg	$38.8M	$71.6M	100x
Pacifica XRP	+0.0100%	1h	1.5261	+0.026%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5261	+0.032%	$545.8M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5256	−0.004%	$341.9M	$834.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5251	−0.037%	$123.1M	$827.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5253	−0.024%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5266	+0.062%	$114K	$646K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5260	+0.025%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5260	+0.022%	$355.9M	$129.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5257	+0.003%	$289.7M	$800.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5252	−0.027%	$112.6M	$147.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5255	−0.011%	$265.5M	$338.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5257	+0.003%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5254	−0.017%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5214	−0.277%	$662K	$95.2M	30x	as long as short
GRVT XRP_USDT_Perpshort	+0.0100%	8h	1.5240	−0.108%	$1.1M	$41.6M	20x
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.048%	$1.0M	$848K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5256	−0.003%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5262	+0.035%	$50K	$474K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5255	−0.008%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5253	−0.021%	$821K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5264	+0.048%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5253	−0.024%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5240	−0.106%	$50.1M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5253	−0.024%	$54.5M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5263	+0.043%	$476K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5264	+0.048%	$12K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5252	−0.032%	$2.1M	$7.3M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5253	−0.026%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0124%	1h	1.5270	+0.088%	$1.7M	$923K	25x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5267	+0.068%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5251	−0.036%	$15.3M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5263	+0.042%	$5.4M	$43.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5258	+0.010%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5251	−0.037%	$23.8M	$66.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0222%	8h	1.5266	+0.062%	$1.7M	$31.7M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5250	−0.043%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5271	+0.097%	$404K	$496K	10x	as long as short
Hyperliquid XRP	+0.0450%	1h	1.5279	+0.147%	$280.5M	$179.9M	20x	as long as short
Aftermath Perps XRPUSD	+0.0521%	1h	1.5250	−0.043%	$1K	$10K	10x	as long as short