Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.025%

Price spread now: Aster against Deribit−0.027%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Deribit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 4 days (all we have)+0.347%+$35 · spread now −0.027%, 7d avg −0.016%

Together, before fees+0.204%+ Points / potential airdropAster: Stage 5 · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.143%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5151	0.0014	pay 0.0002% / 1h	2m 09s	$7.7M	$25.5M	50x
Short	Aster XRPUSDT	1.5147	0.0100	get 0.0100% / 8h	4h 02m	$38.3M	$83.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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 DeribitbpFee AsterbpOrdersPrice spread, now −0.027%Rate

Funding earned: $18.06
Price spread: −0.027% → −0.016%: −$1.01
Slippage, 4 orders: −$5.16
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$3.11
Costs to cover: 0.202%
Break-even: 8.2 days

Slippage from Deribit: 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 Deribit live order book, 2 min ago	0.99 bp	4.5 bp −$4	6.6 bp −$66	42.1 bp −$4,206	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	−0.073%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5147	−0.028%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5141	−0.068%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5120	−0.205%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5144	−0.046%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0014%	1h	1.5151	long leg	$7.7M	$25.5M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.699%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0047% / S +0.0019%	1h	1.5143	−0.051%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0093%	8h	1.5147	−0.026%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5149	−0.016%	$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	1.5152	+0.007%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5133	−0.119%	$10K	$331K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5139	−0.076%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5153	+0.013%	$280.5M	$227.9M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5147	−0.027%	$38.3M	$83.7M	100x
Pacifica XRP	+0.0100%	1h	1.5141	−0.066%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5148	−0.020%	$533.2M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5146	−0.033%	$345.8M	$937.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5145	−0.040%	$127.0M	$875.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5120	−0.205%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5144	−0.046%	$110K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.244%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5146	−0.033%	$369.3M	$154.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5145	−0.040%	$292.6M	$904.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5150	−0.007%	$107.8M	$175.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5144	−0.046%	$268.2M	$385.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5144	−0.046%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5110	−0.272%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5109	−0.278%	$656K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5115	−0.236%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5110	−0.271%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5143	−0.050%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5147	−0.026%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5146	−0.035%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	−0.010%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5142	−0.058%	$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	1.5134	−0.110%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5149	−0.013%	$53.8M	$31.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5142	−0.060%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5145	−0.038%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5146	−0.032%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5147	−0.026%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0192%	1h	1.5157	+0.040%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5150	−0.007%	$5.6M	$47.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5138	−0.088%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5144	−0.045%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5138	−0.086%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5153	+0.013%	$2.1M	$34.8M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5147	−0.023%	$516K	$774K	10x	as long as short
Aftermath Perps XRPUSD	+0.0679%	1h	1.5138	−0.084%	$2K	$15K	10x	as long as short