Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0441%/8h= +48.3% APRpaid last 24h +0.126%

Price spread now: Aftermath Perps against Bitget−0.299%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.299% cheaper against Bitget than usual: you would sell low and buy high (spread −0.299% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 2.3 days of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XRPUSDT	1.5585	0.0100	pay 0.0100% / 8h	1h 53m	$270.0M	$351.6M	125x
Short	Aftermath Perps XRPUSD	1.5538	0.0541	get 0.0068% / 1h	53m 59s	$1K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bitget. 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 BitgetbpFee Aftermath PerpsbpOrdersPrice spread, now −0.299%Rate

Funding earned: $92.57
Price spread: −0.299% → 0.000%: −$29.89
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $41.68
Costs to cover: 0.210%
Break-even: 3.8 days

Slippage unknown: Bitget: live order book, 5 min ago; Aftermath Perps: no order-book sample. 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 Bitget live order book, 5 min ago	0.32 bp	6.9 bp −$7	8.6 bp −$86	19.8 bp −$1,977	38.0 bp −$19.0K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5630	+0.289%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5630	+0.288%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5530	−0.353%	$69K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5606	+0.135%	$261K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0006%	1h	1.5610	+0.160%	$9.6M	$25.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0024%	1h	1.5630	+0.290%	$19K	$72K	7x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.893%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5610	+0.157%	$15.5M	$67.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0051%	8h	1.5612	+0.173%	$82K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0079% / S +0.0152%	1h	1.5605	+0.129%	$919K	—	200x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5604	+0.125%	$3.1M	$11.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5607	+0.141%	$464K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5608	+0.144%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5598	+0.083%	$39.8M	$74.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5639	+0.346%	$682K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5587	+0.011%	$564.8M	$1.91B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5583	−0.013%	$353.6M	$865.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5582	−0.019%	$127.8M	$866.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5587	+0.013%	$578K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5632	+0.302%	$121K	$720K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	−0.837%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5592	+0.045%	$371.3M	$133.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5598	+0.083%	$286.7M	$816.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5608	+0.145%	$113.1M	$152.2M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5585	long leg	$270.0M	$351.6M	125x
BingX XRP-USDT	+0.0100%	8h	1.5586	+0.006%	—	$115.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5558	−0.172%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5524	−0.393%	$674K	$96.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5563	−0.142%	$1.1M	$41.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5507	−0.500%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5611	+0.167%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5619	+0.218%	$53K	$436K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5611	+0.167%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5608	+0.149%	$840K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5611	+0.169%	$131K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5607	+0.141%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5600	+0.096%	$51.3M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5600	+0.096%	$55.5M	$28.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5635	+0.321%	$487K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5621	+0.231%	$12K	$247K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5605	+0.128%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5606	+0.135%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0192%	1h	1.5628	+0.276%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5614	+0.183%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5612	+0.173%	$5.7M	$46.0M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5645	+0.385%	$24.5M	$71.6M	125x	as long as short
Kalshi KXXRPPERP	+0.0340%	8h	1.5636	+0.327%	$1.9M	$32.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0449%	1h	1.5608	+0.148%	$1.8M	$981K	25x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5631	+0.294%	$408K	$528K	10x	as long as short
Aftermath Perps XRPUSDshort	+0.0541%	1h	1.5538	−0.299%	$1K	$11K	10x
Hyperliquid XRP	+0.0700%	1h	1.5605	+0.128%	$288.5M	$194.1M	20x	as long as short