Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against Aster+0.027%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$130.129% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.027%, 7d avg −0.016%

Together, before fees−0.026%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board−$3 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: Lighter RH is 0.043% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5087	0.0100	pay 0.0100% / 8h	2h 15m	$38.3M	$87.2M	100x
Short	Lighter RH XRP	1.5091	0.0096	get 0.0012% / 1h	15m 37s	$545K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$0.84
Price spread: +0.027% → −0.016%: $4.27
Slippage, 4 orders: −$4.94
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$9.5
Costs to cover: 0.129%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Lighter RH: 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, 4 min ago	1.33 bp	5.5 bp −$6	6.3 bp −$63	12.6 bp −$1,262	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.00 bp	1.1 bp −$1	3.7 bp −$37	40.4 bp −$4,041	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	1.5088	+0.007%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5071	−0.103%	$14.1M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5080	−0.048%	$1.1M	$133K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	+0.020%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5074	−0.086%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.135%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0071% / S −0.0015%	1h	1.5073	−0.096%	$795K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0082%	1h	1.5075	−0.080%	$7.7M	$25.5M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5088	+0.007%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5089	+0.011%	$2.8M	$15.0M	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 XRPshort	+0.0096%	1h	1.5091	+0.027%	$545K	$3.3M	20x
Katana Perps XRP-USD	+0.0099%	8h	1.5081	−0.040%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5080	−0.043%	$975K	$6.3M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5087	long leg	$38.3M	$87.2M	100x
Pacifica XRP	+0.0100%	1h	1.5089	+0.015%	$600K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5086	−0.006%	$524.7M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5083	−0.027%	$344.1M	$964.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5082	−0.033%	$126.1M	$883.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5068	−0.126%	$561K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5092	+0.033%	$144K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	−0.401%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5086	−0.007%	$370.6M	$160.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5086	−0.007%	$287.7M	$923.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5087	−0.002%	$106.5M	$181.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5084	−0.020%	$265.1M	$398.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5088	+0.007%	—	$106.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5072	−0.099%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5079	−0.055%	$655K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5083	−0.026%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5086	−0.007%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5085	−0.016%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5084	−0.020%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5076	−0.075%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5073	−0.093%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5073	−0.091%	$811K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5078	−0.058%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5074	−0.086%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5081	−0.037%	$49.3M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5075	−0.080%	$53.8M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5094	+0.048%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5082	−0.030%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5071	−0.107%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0112%	1h	1.5101	+0.093%	$288.2M	$262.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5078	−0.060%	$5.7M	$48.4M	50x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5080	−0.044%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0192%	1h	1.5087	0.000%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0196%	8h	1.5079	−0.053%	$1.7M	$35.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5076	−0.071%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5077	−0.066%	$23.1M	$77.0M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5092	+0.036%	$520K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0601%	1h	1.5063	−0.159%	$2K	$16K	10x	as long as short