Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Aster+0.014%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)+0.198%+$20 · spread now +0.014%, 7d avg +0.019%

Together, before fees+0.210%+ Points / potential airdropAster: Stage 5 · farm board+$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5365	0.0100	pay 0.0100% / 8h	7h 15m	$38.8M	$83.2M	100x
Short	Polymarket Perps XRP-USD	1.5367	0.0100	get 0.0013% / 1h	15m 23s	$49K	$444K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.019%: −$0.51
Slippage, 4 orders: −$7.67
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$24.18
Costs to cover: 0.237%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Polymarket Perps: live order book, 57 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	0.98 bp	5.0 bp −$5	5.9 bp −$59	13.5 bp −$1,351	doesn't fit
Sell Polymarket Perps live order book, 57 min ago	1.63 bp	5.6 bp −$6	8.3 bp −$83	doesn't fit	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	1.5367	+0.014%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5363	−0.013%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5358	−0.044%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0017% / S +0.0075%	1h	1.5356	−0.056%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.270%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5362	−0.018%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5354	−0.070%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5360	−0.032%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5363	−0.012%	$516K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5357	−0.051%	$9K	$280K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5365	−0.001%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5355	−0.061%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5365	long leg	$38.8M	$83.2M	100x
Pacifica XRP	+0.0100%	1h	1.5366	+0.005%	$635K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5363	−0.012%	$542.9M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5362	−0.018%	$342.5M	$919.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5363	−0.012%	$124.9M	$868.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5317	−0.311%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5368	+0.021%	$117K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.588%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5360	−0.031%	$375.1M	$151.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5362	−0.018%	$307.9M	$911.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5360	−0.029%	$110.6M	$166.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5362	−0.018%	$268.9M	$374.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5361	−0.025%	—	$124.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5332	−0.213%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	−0.340%	$665K	$107.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5336	−0.188%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5325	−0.259%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5355	−0.064%	—	$9K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5367	+0.014%	$49K	$444K	20x
Bullet XRP-USD	+0.0100%	1h	1.5360	−0.034%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5366	+0.009%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5370	+0.032%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5361	−0.025%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5361	−0.023%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5361	−0.025%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5360	−0.031%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5361	−0.024%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0141%	1h	1.5366	+0.008%	$9.3M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5359	−0.036%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5323	−0.272%	$24.1M	$73.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5367	+0.014%	$5.8M	$46.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5362	−0.019%	$14.6M	$70.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0299%	1h	1.5362	−0.018%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5337	−0.179%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5348	−0.109%	$2.0M	$34.8M	2.9x	as long as short
Hyperliquid XRP	+0.0382%	1h	1.5377	+0.077%	$289.8M	$214.9M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5320	−0.292%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0790%	1h	1.5337	−0.181%	$2K	$13K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5363	−0.011%	$543K	$773K	10x	as long as short