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% APRpaid last 24h 0.000%

Price spread now: Aster against Bulk−0.476%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Bulk Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 7 days+0.466%+$47 · spread now −0.476%, 7d avg −0.005%

Together, before fees+0.458%+ Points / potential airdropAster: Stage 5 · farm board+$46 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: Aster is 0.471% cheaper against Bulk than usual: you would sell low and buy high, −$47 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5506	0.0100	pay 0.0013% / 1h	31m 12s	$1.7M	$573K	20x
Short	Aster XRPUSDT	1.5432	0.0100	get 0.0100% / 8h	31m 12s	$39.3M	$80.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bulk. 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 BulkbpFee AsterbpOrdersPrice spread, now −0.476%Rate

Funding earned: $0
Price spread: −0.476% → −0.005%: −$47.09
Slippage, 4 orders: −$2.69
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$64.78
Costs to cover: 0.177%
Break-even: never at this rate

Slippage from Bulk: live order book, 3 min ago; Aster: live order book, 3 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 Bulk live order book, 3 min ago	0.32 bp	4.4 bp −$4	5.5 bp −$55	12.6 bp −$1,261	30.5 bp −$15.3K
Sell Aster live order book, 3 min ago	0.65 bp	4.7 bp −$5	6.1 bp −$61	14.6 bp −$1,458	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	1.5437	−0.444%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5427	−0.508%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5440	−0.425%	$69K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5424	−0.528%	$9.5M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5434	−0.460%	$267K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0100%	1h	1.5432	−0.474%	$849K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5419	−0.559%	$15.1M	$69.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0057%	8h	1.5426	−0.515%	$76K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+0.349%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5418	−0.565%	$3.0M	$12.7M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5425	−0.522%	$439K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5437	−0.442%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5432	−0.476%	$39.3M	$80.8M	100x
Pacifica XRP	+0.0100%	1h	1.5436	−0.454%	$635K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5414	−0.590%	$550.0M	$2.03B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5408	−0.631%	$344.8M	$921.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5410	−0.618%	$126.4M	$880.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5441	−0.418%	$574K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5439	−0.431%	$116K	$756K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5506	long leg	$1.7M	$573K	20x
Gate XRP_USDT	+0.0100%	8h	1.5410	−0.618%	$371.6M	$144.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5417	−0.573%	$297.7M	$879.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5418	−0.568%	$112.2M	$164.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5412	−0.605%	$268.8M	$372.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5408	−0.631%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5433	−0.472%	$11.5M	$30.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5454	−0.337%	$671K	$104.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5432	−0.476%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5462	−0.283%	$1.0M	$900K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5434	−0.464%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5438	−0.438%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5434	−0.461%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5427	−0.509%	$830K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5441	−0.415%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5422	−0.541%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5418	−0.568%	$50.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5423	−0.535%	$54.8M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5432	−0.477%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5440	−0.425%	$12K	$267K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5420	−0.555%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5421	−0.548%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5443	−0.406%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5434	−0.465%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5409	−0.625%	$24.4M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5430	−0.489%	$5.9M	$47.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5434	−0.464%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0278%	1h	1.5421	−0.547%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0306%	8h	1.5441	−0.418%	$2.0M	$34.2M	2.9x	as long as short
Hyperliquid XRP	+0.0586%	1h	1.5431	−0.483%	$293.2M	$211.8M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5450	−0.358%	$502K	$633K	10x	as long as short
Aftermath Perps XRPUSD	+0.0793%	1h	1.5470	−0.229%	$1K	$11K	10x	as long as short