Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0678%/8h= +74.3% APRpaid last 24h +0.161%

Price spread now: Aftermath Perps against GRVT−0.121%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. Aftermath Perps is 0.121% cheaper against GRVT than usual: you would sell low and buy high (spread −0.121% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 14 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XRP_USDT_Perp	1.5336	0.0100	pay 0.0100% / 8h	7h 39m	$1.1M	$39.1M	20x
Short	Aftermath Perps XRPUSD	1.5317	0.0778	get 0.0097% / 1h	39m 15s	$2K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against GRVT. 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 GRVTbpFee Aftermath PerpsbpOrdersPrice spread, now −0.121%Rate

Funding earned: $142.42
Price spread: −0.121% → 0.000%: −$12.07
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $112.36
Costs to cover: 0.180%
Break-even: 1.5 days

Slippage unknown: GRVT: live order book, 5 min ago; Aftermath Perps: no order-book sample. 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 GRVT live order book, 5 min ago	0.33 bp	12.1 bp −$12	24.0 bp −$240	67.9 bp −$6,792	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	1.5314	−0.143%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5310	−0.171%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5292	−0.287%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0012% / S +0.0083%	1h	1.5296	−0.258%	$839K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5295	−0.267%	$9.3M	$25.3M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.461%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5296	−0.261%	$58K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5294	−0.271%	$2.8M	$13.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5299	−0.241%	$511K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5307	−0.189%	$11K	$277K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5312	−0.158%	$477K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5306	−0.195%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5303	−0.218%	$38.7M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5315	−0.137%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5297	−0.254%	$538.4M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5300	−0.235%	$340.8M	$924.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5297	−0.254%	$124.8M	$870.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5328	−0.052%	$570K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5314	−0.143%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5306	−0.199%	$1.6M	$562K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5300	−0.235%	$372.9M	$149.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5301	−0.228%	$305.7M	$900.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5306	−0.198%	$108.5M	$166.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5291	−0.293%	$267.4M	$375.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5302	−0.222%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5316	−0.130%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5315	−0.134%	$665K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perplong	+0.0100%	8h	1.5336	long leg	$1.1M	$39.1M	20x
ApeX Omni XRPUSDT	+0.0100%	1h	1.5315	−0.137%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5308	−0.181%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5311	−0.163%	$48K	$442K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5300	−0.234%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5298	−0.251%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5309	−0.177%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5294	−0.274%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5291	−0.293%	$50.2M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5296	−0.261%	$54.4M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5290	−0.299%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5294	−0.276%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5307	−0.189%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5302	−0.220%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5294	−0.274%	$24.0M	$74.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5300	−0.235%	$5.8M	$46.2M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5291	−0.292%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0273%	1h	1.5331	−0.033%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5321	−0.097%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5321	−0.098%	$2.0M	$35.1M	2.9x	as long as short
Hyperliquid XRP	+0.0402%	1h	1.5320	−0.104%	$289.3M	$214.3M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	+0.091%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSDshort	+0.0778%	1h	1.5317	−0.121%	$2K	$12K	10x
RISEx XRP/USDC	+0.0828%	1h	1.5313	−0.151%	$506K	$755K	10x	as long as short