Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.017%

Price spread now: Kraken Futures against Aster−0.032%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 4 days (all we have)−0.685%−$69 · spread now −0.032%, 7d avg −0.003%

Together, before fees−0.591%+ Points / potential airdropAster: Stage 5 · farm board−$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.029% cheaper against Aster than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of −0.003%). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.095% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5117	0.0100	pay 0.0100% / 8h	5h 37m	$38.4M	$83.2M	100x
Short	Kraken Futures PF_XRPUSD	1.5112	0.0274	get 0.0034% / 1h	37m 41s	$14.5M	$73.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.032%Rate

Funding earned: $36.54
Price spread: −0.032% → −0.003%: −$2.86
Slippage, 4 orders: −$8.66
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $7.02
Costs to cover: 0.267%
Break-even: 5.7 days

Slippage from Aster: live order book, 1 min ago; Kraken Futures: live order book, 1 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, 1 min ago	0.66 bp	4.8 bp −$5	5.6 bp −$56	14.2 bp −$1,419	doesn't fit
Sell Kraken Futures live order book, 1 min ago	1.32 bp	6.7 bp −$7	12.6 bp −$126	22.9 bp −$2,294	46.1 bp −$23.0K

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	1.5131	+0.093%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5118	+0.010%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5117	0.000%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0015%	1h	1.5119	+0.013%	$7.6M	$25.4M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0032% / S +0.0046%	1h	1.5118	+0.007%	$816K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.930%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5119	+0.013%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5127	+0.066%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5118	+0.009%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5120	+0.020%	$508K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5113	−0.026%	$9K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5125	+0.050%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5126	+0.060%	$279.8M	$220.3M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5117	long leg	$38.4M	$83.2M	100x
Pacifica XRP	+0.0100%	1h	1.5118	+0.008%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5118	+0.009%	$535.9M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5121	+0.026%	$343.0M	$925.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5123	+0.040%	$125.4M	$864.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5112	−0.033%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5124	+0.046%	$114K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5136	+0.123%	$1.6M	$88K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5122	+0.033%	$368.6M	$151.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5115	−0.013%	$292.9M	$896.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5116	−0.009%	$106.4M	$170.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5120	+0.020%	$266.2M	$380.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5118	+0.007%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5121	+0.023%	$5.6M	$36.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5123	+0.038%	$657K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5153	+0.238%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5143	+0.172%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5122	+0.031%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5122	+0.033%	$41K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5121	+0.025%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5121	+0.029%	$814K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5122	+0.030%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5117	0.000%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5117	−0.001%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5112	−0.033%	$53.8M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5123	+0.038%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5118	+0.009%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5117	−0.001%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0207%	1h	1.5117	0.000%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5114	−0.017%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5118	+0.007%	$5.6M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5108	−0.060%	$24.2M	$74.4M	125x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0274%	1h	1.5112	−0.032%	$14.5M	$73.1M	50x
Hibachi XRP/USDT-P	+0.0280%	1h	1.5109	−0.050%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5127	+0.066%	$2.2M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5127	+0.066%	$515K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5140	+0.152%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0711%	1h	1.5126	+0.060%	$2K	$14K	10x	as long as short