Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Aster against dYdX+0.076%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 7 days+0.012%+$1 · spread now +0.076%, 7d avg +0.005%

Together, before fees+0.132%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.070% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread 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	dYdX XRP-USD	1.5176	0	get 0.0000% / 1h	0m 13s	$1.1M	$148K	10x
Short	Aster XRPUSDT	1.5187	0.0100	get 0.0100% / 8h	0m 13s	$38.5M	$86.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now +0.076%Rate

Funding earned: $21
Price spread: +0.076% → +0.005%: $7.05
Slippage, 4 orders: −$46.22
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$36.17
Costs to cover: 0.642%
Break-even: 19.1 days

Slippage from dYdX: live order book, 4 min ago; Aster: live order book, 4 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 dYdX live order book, 4 min ago	18.16 bp	29.1 bp −$29	29.1 bp −$291	48.9 bp −$4,893	149.3 bp −$74.6K
Sell Aster live order book, 4 min ago	0.66 bp	4.7 bp −$5	5.6 bp −$56	17.4 bp −$1,745	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	1.5184	+0.055%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5176	long leg	$1.1M	$148K	10x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5188	+0.081%	$7.7M	$24.0M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5184	+0.054%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.532%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5185	+0.063%	$14.6M	$73.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5178	+0.014%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5189	+0.086%	$2.8M	$15.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5193	+0.114%	$605K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5177	+0.009%	$20K	$383K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5180	+0.032%	$999K	$6.3M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5187	+0.076%	$38.5M	$86.1M	100x
Pacifica XRP	+0.0100%	1h	1.5185	+0.062%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5188	+0.081%	$530.2M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5185	+0.061%	$350.5M	$948.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5187	+0.075%	$127.5M	$864.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	−0.004%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5191	+0.101%	$144K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5189	+0.088%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5185	+0.061%	$378.0M	$163.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5189	+0.088%	$310.9M	$931.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5188	+0.079%	$106.7M	$183.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5185	+0.061%	$269.3M	$388.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5184	+0.055%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	−0.054%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5161	−0.099%	$658K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5176	+0.002%	$1.1M	$33.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5161	−0.097%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5184	+0.053%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5183	+0.048%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5184	+0.056%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5182	+0.042%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5164	−0.078%	$816K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5185	+0.059%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5183	+0.048%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5191	+0.100%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5189	+0.088%	$54.1M	$32.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5189	+0.085%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5181	+0.032%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5187	+0.075%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5181	+0.034%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0111% / S −0.0074%	1h	1.5184	+0.052%	$784K	—	200x	as long as short
Hyperliquid XRP	+0.0148%	1h	1.5200	+0.160%	$290.1M	$268.2M	20x	as long as short
Kalshi KXXRPPERP	+0.0161%	8h	1.5192	+0.108%	$1.8M	$33.6M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5188	+0.081%	$5.6M	$48.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5199	+0.154%	$2.0M	$1.4M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5173	−0.018%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5178	+0.013%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5190	+0.095%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	+0.028%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5180	+0.031%	$2K	$16K	10x	as long as short