Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: Aster against gTrade (Gains Network)−0.012%7-day average +0.012% · 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−$281as in the Price arb table

costs, in and out, $10k−$2792.787% of the position

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.080%+$8 on $10k

Price spread, last 3 days (all we have)+0.025%+$3 · spread now −0.012%, 7d avg +0.012%

Together, before fees+0.105%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.023% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.012%). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XRP/USD	1.5657	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	51m 43s	$262K	—	150x
Short	Aster XRPUSDT	1.5655	0.0100	get 0.0100% / 8h	51m 43s	$39.7M	$79.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.012%Rate

Funding earned: $20.31
Price spread: −0.012% → +0.012%: −$2.35
Slippage, 4 orders: −$260.66
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$260.7
Costs to cover: 2.787%
Break-even: 96.9 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 27 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 gTrade (Gains Network) virtual book (oracle venue), 27 min ago	130.01 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell Aster live order book, 2 min ago	0.32 bp	4.3 bp −$4	4.9 bp −$49	12.7 bp −$1,265	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	1.5671	+0.092%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5663	+0.044%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5600	−0.362%	$69K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5666	+0.060%	$9.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5657	long leg	$262K	—	150x
GMX XRP/USD [ETH-USDC]	L +0.0004% / S +0.0108%	1h	1.5664	+0.048%	$861K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5664	+0.046%	$15.7M	$68.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5660	+0.022%	$77K	$909K	50x	as long as short
ApeX Omni XRPUSDT	+0.0081%	1h	1.5590	−0.425%	$1.0M	$886K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.617%	$2K	$107K	30x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5663	+0.043%	$3.0M	$12.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5668	+0.073%	$446K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5672	+0.102%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5655	−0.012%	$39.7M	$79.8M	100x
Pacifica XRP	+0.0100%	1h	1.5663	+0.041%	$645K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5659	+0.016%	$561.8M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5659	+0.015%	$350.0M	$912.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5662	+0.034%	$128.1M	$894.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5593	−0.406%	$580K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5668	+0.073%	$119K	$748K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5658	+0.009%	$374.7M	$142.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5659	+0.015%	$305.3M	$861.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5660	+0.019%	$114.1M	$162.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5662	+0.034%	$273.6M	$369.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5655	−0.010%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5607	−0.314%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5645	−0.072%	$679K	$102.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5674	+0.113%	$1.1M	$41.0M	20x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5669	+0.079%	$45K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5670	+0.085%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5664	+0.045%	$843K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5669	+0.080%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5664	+0.047%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5655	−0.009%	$51.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5664	+0.047%	$55.7M	$29.3M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5562	−0.607%	$1.7M	$573K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5662	+0.033%	$488K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5665	+0.057%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5663	+0.041%	$12K	$264K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5657	0.000%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5669	+0.081%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5670	+0.086%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5668	+0.070%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5690	+0.213%	$24.6M	$75.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5673	+0.105%	$5.9M	$48.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5659	+0.018%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5677	+0.130%	$2.0M	$33.6M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0406%	1h	1.5667	+0.066%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0609%	1h	1.5683	+0.169%	$297.9M	$207.1M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5677	+0.131%	$511K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0767%	1h	1.5630	−0.172%	$1K	$11K	10x	as long as short