Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h −0.017%

Price spread now: Aster against Kraken Futures+0.010%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.010%, 7d avg +0.006%

Together, before fees−0.046%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.107% in total (about -5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5203	−0.0171	get 0.0021% / 1h	54m 13s	$14.5M	$75.2M	50x
Short	Aster XRPUSDT	1.5204	0.0100	get 0.0100% / 8h	7h 54m	$38.6M	$86.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now +0.010%Rate

Funding earned: $57
Price spread: +0.010% → +0.006%: $0.34
Slippage, 4 orders: −$9.91
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $29.43
Costs to cover: 0.279%
Break-even: 3.4 days

Slippage from Kraken Futures: live order book, 5 min ago; Aster: live order book, 5 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 Kraken Futures live order book, 5 min ago	1.65 bp	7.7 bp −$8	11.3 bp −$113	20.5 bp −$2,049	43.6 bp −$21.8K
Sell Aster live order book, 5 min ago	0.66 bp	6.2 bp −$6	6.9 bp −$69	16.6 bp −$1,655	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
Kraken Futures PF_XRPUSDlong	−0.0171%	1h	1.5203	long leg	$14.5M	$75.2M	50x
Phemex XRPUSDT	−0.0127%	8h	1.5206	+0.023%	$54.2M	$32.5M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5208	+0.036%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5209	+0.042%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5204	+0.007%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.351%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5171	−0.205%	$17K	$78K	7x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5202	−0.004%	$7.7M	$23.9M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5204	+0.008%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5209	+0.042%	$607K	$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-USD	+0.0100%	8h	1.5201	−0.010%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5205	+0.016%	$998K	$6.3M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5204	+0.010%	$38.6M	$86.0M	100x
Pacifica XRP	+0.0100%	1h	1.5207	+0.032%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5204	+0.010%	$530.4M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5203	+0.003%	$352.7M	$949.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5206	+0.023%	$126.8M	$864.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5203	+0.003%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5213	+0.069%	$144K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.086%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5200	−0.017%	$379.2M	$151.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5207	+0.029%	$312.7M	$911.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5206	+0.025%	$106.6M	$183.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5206	+0.023%	$269.6M	$388.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5199	−0.023%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5181	−0.142%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5193	−0.066%	$660K	$112.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5189	−0.091%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5173	−0.194%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5207	+0.031%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5210	+0.049%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5201	−0.010%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5199	−0.023%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	+0.026%	$818K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5213	+0.071%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5198	−0.030%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5208	+0.037%	$49.7M	$15.3M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5207	+0.030%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5193	−0.062%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5197	−0.033%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0113% / S −0.0076%	1h	1.5196	−0.043%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5208	+0.036%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5208	+0.036%	$5.6M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0165%	8h	1.5209	+0.042%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0195%	1h	1.5216	+0.089%	$290.5M	$267.6M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5190	−0.082%	$23.9M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5202	−0.005%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0272%	1h	1.5215	+0.082%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5211	+0.053%	$522K	$796K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−0.148%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0553%	1h	1.5188	−0.094%	$2K	$16K	10x	as long as short