Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Katana Perps−0.171%46s7-day average +0.044% · you buy dearer than you sell

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

Long on Katana Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.022%+$2 on $10k

Price spread, last 7 days+0.233%+$23 · spread now −0.171%, 7d avg +0.044%

Together, before fees+0.255%+ Points / potential airdropAster: Stage 5 · farm board+$25 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 0.215% cheaper against Katana Perps than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.044%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps XRP-USD	1.5192	0.0100	pay 0.0100% / 8h	7h 55m	$20K	$382K	20x
Short	Aster XRPUSDT	1.5166	0.0100	get 0.0100% / 8h	7h 55m	$38.5M	$86.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Katana Perps. 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 Katana PerpsbpFee AsterbpOrdersPrice spread, now −0.171%Rate

Funding earned: $0.04
Price spread: −0.171% → +0.044%: −$21.52
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33.28
Costs to cover: 0.118%
Break-even: 5289.7 days

Slippage unknown: Katana Perps: no order-book sample; Aster: live order book, 3 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 Katana Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	0.66 bp	6.2 bp −$6	6.9 bp −$69	16.6 bp −$1,655	doesn't fit

Katana 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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5183	−0.056%	$14.6M	$73.7M	50x	as long as short
Phemex XRPUSDT	−0.0087%	8h	1.5187	−0.033%	$54.1M	$32.5M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5188	−0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5204	+0.082%	$1.1M	$148K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5191	−0.007%	$7.7M	$23.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5185	−0.047%	$246K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.422%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5205	+0.083%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5185	−0.043%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5190	−0.013%	$605K	$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
Katana Perps XRP-USDlong	+0.0100%	8h	1.5192	long leg	$20K	$382K	20x
Nado XRP-PERP	+0.0100%	1h	1.5189	−0.023%	$997K	$6.3M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5166	−0.171%	$38.5M	$86.0M	100x
Pacifica XRP	+0.0100%	1h	1.5206	+0.094%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5164	−0.184%	$529.0M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5161	−0.204%	$352.0M	$949.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5162	−0.197%	$126.6M	$862.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5203	+0.072%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5207	+0.099%	$144K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.016%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5163	−0.191%	$377.7M	$151.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5163	−0.191%	$311.5M	$910.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5161	−0.205%	$106.3M	$183.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5162	−0.197%	$268.8M	$388.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5158	−0.224%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5181	−0.072%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5175	−0.109%	$659K	$112.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5189	−0.022%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5173	−0.125%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5197	+0.035%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5198	+0.039%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5189	−0.020%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5191	−0.007%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	+0.095%	$818K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5192	+0.003%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5186	−0.039%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5188	−0.025%	$49.6M	$15.3M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5204	+0.081%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5151	−0.267%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5188	−0.026%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0112% / S −0.0075%	1h	1.5184	−0.050%	$787K	—	200x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5203	+0.072%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5190	−0.013%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0163%	8h	1.5205	+0.086%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0179%	1h	1.5177	−0.099%	$289.8M	$268.4M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5204	+0.079%	$23.7M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5186	−0.038%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0296%	1h	1.5191	−0.007%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5205	+0.088%	$522K	$795K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−0.079%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0563%	1h	1.5187	−0.030%	$2K	$16K	10x	as long as short