Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h +0.122%

Price spread now: Aftermath Perps against BloFin−0.174%109s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 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 0.174% cheaper against BloFin than usual: you would sell low and buy high (spread −0.174% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 2.9 days of funding at the current rate (+$6 a day). The two prices were read 109 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	BloFin XRP-USDT	1.5456	0.0220	pay 0.0220% / 8h	4h 11m	$23.8M	$78.6M	125x
Short	Aftermath Perps XRPUSD	1.5429	0.0418	get 0.0052% / 1h	11m 21s	$3K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BloFin. 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 BloFinbpFee Aftermath PerpsbpOrdersPrice spread, now −0.174%Rate

Funding earned: $41.62
Price spread: −0.174% → 0.000%: −$17.39
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $3.23
Costs to cover: 0.210%
Break-even: 6.5 days

Slippage unknown: BloFin: live order book, 6 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 BloFin live order book, 6 min ago	0.97 bp	7.0 bp −$7	7.0 bp −$70	9.6 bp −$956	18.1 bp −$9,072
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 exchanges

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	1.5422	−0.220%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0076%	1h	1.5436	−0.127%	$13.8M	$67.2M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5433	−0.151%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5440	−0.104%	$72K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5436	−0.129%	$7.8M	$19.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5430	−0.169%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.673%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5434	−0.142%	$9K	$987	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5433	−0.149%	$2.8M	$13.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5435	−0.136%	$575K	$3.1M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5434	−0.142%	$5.5M	$40.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5432	−0.157%	$481K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5427	−0.188%	$11K	$432K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5430	−0.168%	$852K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5442	−0.091%	$301.4M	$261.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5437	−0.122%	$39.2M	$78.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5433	−0.150%	$595K	$934K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5430	−0.168%	$539.5M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5431	−0.162%	$367.2M	$841.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5428	−0.181%	$125.6M	$822.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5444	−0.078%	$568K	$44K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5435	−0.136%	$162K	$682K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5432	−0.155%	$1.6M	$58K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5432	−0.155%	$375.2M	$160.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5435	−0.136%	$321.1M	$895.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5430	−0.168%	$105.5M	$180.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5434	−0.142%	$272.3M	$343.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5431	−0.162%	—	$94.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5431	−0.161%	$5.1M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5441	−0.095%	$671K	$103.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5444	−0.078%	$1.1M	$32.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5439	−0.110%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5437	−0.124%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5432	−0.155%	$51K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5430	−0.165%	$42K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5432	−0.155%	$83K	$570K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5431	−0.165%	$830K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5436	−0.131%	$130K	$1.4M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5431	−0.162%	$30K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5442	−0.089%	$50.3M	$12.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5442	−0.091%	$55.4M	$33.8M	50x	as long as short
Kalshi KXXRPPERP	+0.0100%	8h	1.5454	−0.013%	$1.9M	$36.1M	2.9x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5427	−0.188%	$2.2M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5428	−0.184%	$59K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5450	−0.037%	$17K	$67K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0185%	1h	1.5450	−0.039%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDTlong	+0.0220%	8h	1.5456	long leg	$23.8M	$78.6M	125x
Reya XRPRUSDPERP	+0.0224%	1h	1.5431	−0.160%	$1.4M	$2K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0290% / S −0.0348%	1h	1.5429	−0.172%	$1.1M	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5436	−0.132%	$509K	$684K	10x	as long as short
Aftermath Perps XRPUSDshort	+0.0418%	1h	1.5429	−0.174%	$3K	$13K	10x