Funding arb · Price arb /

XRP

all XRP markets

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: SunX against Aster−0.071%56s7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.517% of the position

Long on Aster Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 3 days (all we have)−0.111%−$11 · spread now −0.071%, 7d avg +0.009%

Together, before fees−0.010%+ Points / potential airdropAster: Stage 5 · farm board−$1 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: SunX is 0.080% cheaper against Aster than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5573	0.0100	pay 0.0100% / 8h	1h 35m	$39.6M	$76.9M	100x
Short	SunX XRP-USDT	1.5562	0.0100	get 0.0100% / 8h	1h 35m	$130K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → +0.009%: −$7.96
Slippage, 4 orders: −$35.69
Fee Aster: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$59.65
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; SunX: live order book, 10 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	0.64 bp	4.6 bp −$5	5.3 bp −$53	14.0 bp −$1,403	doesn't fit
Sell SunX live order book, 10 min ago	14.41 bp	23.7 bp −$24	33.3 bp −$333	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	1.5603	+0.195%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5544	−0.183%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5546	−0.171%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5577	+0.031%	$261K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.815%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5527	−0.290%	$15.5M	$68.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5577	+0.028%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0131%	1h	1.5576	+0.021%	$918K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5556	−0.108%	$3.0M	$12.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5547	−0.165%	$455K	$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	1.5576	+0.025%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5573	long leg	$39.6M	$76.9M	100x
Pacifica XRP	+0.0100%	1h	1.5554	−0.117%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5580	+0.045%	$562.4M	$1.95B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5577	+0.028%	$349.3M	$882.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5574	+0.009%	$127.6M	$873.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5561	−0.075%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5574	+0.009%	$119K	$732K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+0.709%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5576	+0.021%	$374.3M	$138.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5576	+0.021%	$292.9M	$839.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5577	+0.027%	$114.4M	$157.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5575	+0.015%	$270.9M	$358.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5579	+0.041%	—	$116.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5595	+0.142%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5600	+0.174%	$677K	$100.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5597	+0.156%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	+0.465%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5572	−0.003%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5585	+0.079%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5576	+0.021%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5578	+0.034%	$839K	$79K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5562	−0.071%	$130K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5539	−0.216%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5526	−0.302%	$51.0M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5537	−0.229%	$55.3M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5552	−0.134%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5578	+0.034%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5565	−0.050%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5574	+0.009%	$73K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5609	+0.232%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5581	+0.054%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5580	+0.047%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5543	−0.190%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5608	+0.227%	$24.6M	$73.3M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0287%	1h	1.5543	−0.190%	$1.8M	$976K	25x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5578	+0.034%	$1.9M	$32.4M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5600	+0.176%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5585	+0.080%	$509K	$620K	10x	as long as short
Hyperliquid XRP	+0.0606%	1h	1.5600	+0.176%	$291.2M	$200.0M	20x	as long as short
Aftermath Perps XRPUSD	+0.0692%	1h	1.5621	+0.310%	$1K	$11K	10x	as long as short