Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.090%

Price spread now: Aster against GMX+0.114%7-day average −0.019% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.172%+$17 on $10k

Price spread, last 3 days (all we have)−0.101%−$10 · spread now +0.114%, 7d avg −0.019%

Together, before fees+0.071%+ Points / potential airdropAster: Stage 5 · farm board+$7 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 0.134% dearer against GMX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XRP/USD [ETH-USDC]	1.5654	L +0.0004% / S +0.0109%	pay 0.0000% / 1h	54m 20s	$862K	—	200x
Short	Aster XRPUSDT	1.5672	0.0100	get 0.0100% / 8h	54m 20s	$39.8M	$79.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.114%Rate

Funding earned: $20.21
Price spread: +0.114% → −0.019%: $13.37
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: $13.57
Costs to cover: 0.200%
Break-even: 2.3 days

Slippage unknown: GMX: no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	0.64 bp	4.6 bp −$5	5.9 bp −$59	13.8 bp −$1,382	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5674	+0.126%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5672	+0.117%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5653	−0.008%	$9.7M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5655	+0.006%	$262K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]long	L +0.0004% / S +0.0109%	1h	1.5654	long leg	$862K	—	200x
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5654	−0.004%	$15.7M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5661	+0.043%	$77K	$909K	50x	as long as short
ApeX Omni XRPUSDT	+0.0081%	1h	1.5590	−0.410%	$1.0M	$886K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.602%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5675	+0.131%	$3.0M	$12.5M	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	1.5675	+0.133%	$447K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5667	+0.082%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5672	+0.114%	$39.8M	$79.6M	100x
Pacifica XRP	+0.0100%	1h	1.5669	+0.097%	$645K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5658	+0.024%	$561.7M	$2.00B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5658	+0.024%	$349.3M	$909.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5662	+0.050%	$128.3M	$893.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5593	−0.391%	$580K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5670	+0.101%	$119K	$748K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5660	+0.037%	$375.1M	$142.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5660	+0.037%	$307.5M	$858.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5661	+0.046%	$114.3M	$162.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5665	+0.069%	$273.6M	$368.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5659	+0.031%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5607	−0.299%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5584	−0.446%	$677K	$102.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5610	−0.284%	$1.1M	$41.0M	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5661	+0.041%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5672	+0.114%	$46K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5657	+0.018%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5654	−0.003%	$843K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5654	−0.001%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5650	−0.027%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5643	−0.068%	$51.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5655	+0.005%	$55.7M	$29.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5562	−0.592%	$1.7M	$573K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5668	+0.088%	$488K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5676	+0.139%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5674	+0.124%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5651	−0.021%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5681	+0.171%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5664	+0.060%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5649	−0.033%	$24.5M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5659	+0.031%	$6.0M	$48.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5652	−0.012%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5661	+0.043%	$2.0M	$33.5M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0419%	1h	1.5663	+0.056%	$1.7M	$1.0M	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5600	−0.346%	$69K	$90K	15x	as long as short
Hyperliquid XRP	+0.0612%	1h	1.5686	+0.205%	$296.6M	$206.0M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5687	+0.207%	$511K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0765%	1h	1.5600	−0.348%	$1K	$11K	10x	as long as short