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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Gate−0.033%7-day average +0.005% · 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−$34as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.033%, 7d avg +0.005%

Together, before fees+0.018%+ Points / potential airdropAster: Stage 5 · farm board+$2 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 0.038% cheaper against Gate than usual: you would sell low and buy high, −$4 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	Gate XRP_USDT	1.5293	0.0100	pay 0.0100% / 8h	2h 57m	$355.9M	$127.5M	100x
Short	Aster XRPUSDT	1.5288	0.0100	get 0.0100% / 8h	2h 57m	$38.8M	$71.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.005%: −$3.8
Slippage, 4 orders: −$7.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.45
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 2 min ago	0.98 bp	10.8 bp −$11	13.3 bp −$133	30.2 bp −$3,016	42.2 bp −$21.1K
Sell Aster live order book, 2 min ago	0.65 bp	5.3 bp −$5	6.1 bp −$61	13.5 bp −$1,347	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
GMX XRP/USD [ETH-USDC]	L −0.0211% / S +0.0297%	1h	1.5294	+0.004%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5302	+0.059%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5295	+0.013%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5340	+0.307%	$68K	$83K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5305	+0.078%	$9.3M	$23.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5295	+0.012%	$256K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.020%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5291	−0.013%	$182K	$783K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5298	+0.032%	$2.9M	$11.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5298	+0.033%	$444K	$3.1M	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	1.5284	−0.062%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5288	−0.033%	$38.8M	$71.5M	100x
Pacifica XRP	+0.0100%	1h	1.5298	+0.031%	$674K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5298	+0.034%	$548.7M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5301	+0.052%	$346.6M	$829.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5294	+0.007%	$123.5M	$827.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5303	+0.065%	$570K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5293	0.000%	$117K	$637K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5314	+0.139%	$1.6M	$344K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5293	long leg	$355.9M	$127.5M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5290	−0.020%	$304.0M	$781.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5294	+0.004%	$113.0M	$145.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5299	+0.039%	$266.5M	$336.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5290	−0.020%	—	$3.7M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5297	+0.026%	$1.7M	$926K	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5361	+0.443%	$6.4M	$24.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5329	+0.238%	$666K	$93.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5313	+0.130%	$1.1M	$42.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5334	+0.268%	$1.0M	$823K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5293	+0.002%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5298	+0.033%	$51K	$456K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5291	−0.013%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5297	+0.027%	$824K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5298	+0.034%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5285	−0.052%	$33K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5284	−0.057%	$50.3M	$14.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5287	−0.039%	$54.6M	$28.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5286	−0.043%	$477K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5294	+0.007%	$11K	$232K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5289	−0.027%	$2.1M	$7.4M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5295	+0.013%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5300	+0.046%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5286	−0.047%	$15.3M	$62.6M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5296	+0.020%	$5.3M	$42.4M	50x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5289	−0.027%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5322	+0.190%	$23.8M	$66.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0220%	8h	1.5311	+0.118%	$1.7M	$32.1M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5298	+0.032%	$19K	$54K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5300	+0.049%	$405K	$505K	10x	as long as short
Hyperliquid XRP	+0.0467%	1h	1.5310	+0.111%	$286.8M	$173.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0515%	1h	1.5319	+0.169%	$1K	$10K	10x	as long as short