Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.029%

Price spread now: Aster against Coinbase International−0.007%54s7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as 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−$240.244% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 4 days (all we have)+0.320%+$32 · spread now −0.007%, 7d avg −0.020%

Together, before fees+0.242%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 54 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	Coinbase International XRP-PERP-INTX	1.5145	0.0192	pay 0.0024% / 1h	2m 26s	$5.6M	$47.1M	50x
Short	Aster XRPUSDT	1.5144	0.0100	get 0.0100% / 8h	4h 02m	$38.2M	$83.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$19.32
Price spread: −0.007% → −0.020%: $1.33
Slippage, 4 orders: −$6.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$42.35
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Aster: live order book, 2 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 Coinbase International live order book, 2 min ago	0.66 bp	7.2 bp −$7	9.1 bp −$91	22.5 bp −$2,248	doesn't fit
Sell Aster live order book, 2 min ago	0.66 bp	5.1 bp −$5	5.7 bp −$57	11.8 bp −$1,177	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	1.5140	−0.033%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5147	+0.012%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5141	−0.029%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5120	−0.165%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5144	−0.007%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5151	+0.040%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.740%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0047% / S +0.0019%	1h	1.5143	−0.011%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0093%	8h	1.5147	+0.013%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5143	−0.011%	$2.8M	$14.6M	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	1.5143	−0.013%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5133	−0.079%	$10K	$331K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5139	−0.036%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5157	+0.079%	$280.6M	$227.9M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5144	−0.007%	$38.2M	$83.7M	100x
Pacifica XRP	+0.0100%	1h	1.5141	−0.026%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5148	+0.019%	$533.2M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5150	+0.033%	$345.9M	$937.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5151	+0.040%	$127.0M	$875.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5120	−0.165%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5144	−0.007%	$110K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.205%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5144	−0.007%	$369.3M	$154.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5146	+0.007%	$292.8M	$904.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5144	−0.005%	$107.8M	$175.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5149	+0.026%	$268.2M	$385.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5147	+0.013%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5110	−0.232%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5109	−0.238%	$656K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5115	−0.196%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5110	−0.231%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5143	−0.011%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5147	+0.013%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5146	+0.005%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	+0.030%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5142	−0.018%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	+0.020%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5127	−0.122%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5140	−0.033%	$53.8M	$31.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5142	−0.020%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5145	+0.002%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5146	+0.008%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5147	+0.013%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0189%	1h	1.5149	+0.026%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0192%	1h	1.5145	long leg	$5.6M	$47.1M	50x
Hibachi XRP/USDT-P	+0.0216%	1h	1.5138	−0.049%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5144	−0.005%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5138	−0.046%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5132	−0.086%	$2.1M	$34.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5147	+0.016%	$516K	$774K	10x	as long as short
Aftermath Perps XRPUSD	+0.0679%	1h	1.5138	−0.045%	$2K	$15K	10x	as long as short