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 0.000%

Price spread now: Variational Omni against Aster+0.127%7-day average −0.006% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 7 days−0.127%−$13 · spread now +0.127%, 7d avg −0.006%

Together, before fees−0.120%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$12 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: Variational Omni is 0.133% dearer against Aster than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5285	0.0100	pay 0.0100% / 8h	2h 51m	$38.8M	$71.2M	100x
Short	Variational Omni XRP	1.5304	0.0100	get 0.0100% / 8h	2h 51m	$6.4M	$24.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.127%Rate

Funding earned: $0
Price spread: +0.127% → −0.006%: $13.34
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.34
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 3 min ago	0.65 bp	4.7 bp −$5	5.5 bp −$55	13.0 bp −$1,297	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.03 bp	doesn't fit	5.7 bp −$57	27.4 bp −$2,742	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	1.5286	+0.009%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5270	−0.098%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5283	−0.014%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5300	+0.098%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5285	0.000%	$9.3M	$23.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5288	+0.017%	$256K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.033%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5277	−0.052%	$180K	$785K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5284	−0.003%	$3.0M	$11.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5287	+0.013%	$444K	$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	1.5288	+0.016%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5285	long leg	$38.8M	$71.2M	100x
Pacifica XRP	+0.0100%	1h	1.5287	+0.013%	$673K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5292	+0.048%	$547.5M	$1.83B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5290	+0.033%	$344.3M	$829.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5287	+0.013%	$123.6M	$826.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5294	+0.059%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5296	+0.072%	$115K	$643K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5287	+0.013%	$355.6M	$128.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5284	−0.006%	$295.8M	$786.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5290	+0.033%	$112.2M	$145.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5287	+0.013%	$266.2M	$336.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5285	0.000%	—	$112.5M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5295	+0.065%	$1.7M	$914K	25x	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5304	+0.127%	$6.4M	$24.5M	—
edgeX XRPUSDC	+0.0100%	4h	1.5297	+0.077%	$665K	$94.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5308	+0.150%	$1.1M	$42.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5297	+0.079%	$1.0M	$823K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5286	+0.007%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5293	+0.052%	$51K	$456K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5285	0.000%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5281	−0.024%	$823K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5288	+0.021%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5281	−0.026%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5282	−0.018%	$50.3M	$14.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5281	−0.026%	$54.6M	$27.9M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5279	−0.039%	$1.6M	$350K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5289	+0.025%	$477K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5292	+0.046%	$12K	$236K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5289	+0.023%	$2.1M	$7.4M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5284	−0.009%	$71K	$40K	3x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5279	−0.039%	$15.3M	$62.6M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5289	+0.026%	$5.3M	$42.5M	50x	as long as short
Kalshi KXXRPPERP	+0.0202%	8h	1.5287	+0.013%	$1.7M	$31.9M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5288	+0.020%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5286	+0.007%	$24.0M	$65.6M	125x	as long as short
01 Exchange XRPUSD	+0.0248%	1h	1.5299	+0.092%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5299	+0.089%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5304	+0.122%	$405K	$503K	10x	as long as short
Hyperliquid XRP	+0.0442%	1h	1.5306	+0.137%	$285.7M	$174.0M	20x	as long as short
Aftermath Perps XRPUSD	+0.0550%	1h	1.5302	+0.109%	$1K	$10K	10x	as long as short