Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aster against Lighter RH+0.033%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$130.129% of the position

Long on Lighter RH Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.033%, 7d avg +0.016%

Together, before fees−0.034%+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XRP	1.5077	0.0096	pay 0.0012% / 1h	16m 00s	$545K	$3.3M	20x
Short	Aster XRPUSDT	1.5082	0.0100	get 0.0100% / 8h	2h 16m	$38.3M	$87.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter RH. 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 Lighter RHbpFee AsterbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0.84
Price spread: +0.033% → +0.016%: $1.69
Slippage, 4 orders: −$4.94
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.4
Costs to cover: 0.129%
Break-even: 93.7 days

Slippage from Lighter RH: live order book, 2 min ago; Aster: live order book, 3 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 Lighter RH live order book, 2 min ago	1.00 bp	1.0 bp −$1	5.4 bp −$54	42.4 bp −$4,238	doesn't fit
Sell Aster live order book, 3 min ago	1.33 bp	5.3 bp −$5	5.9 bp −$59	15.7 bp −$1,568	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5073	−0.027%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5071	−0.037%	$14.1M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5078	+0.010%	$1.1M	$133K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	+0.086%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5074	−0.020%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.204%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0071% / S −0.0015%	1h	1.5073	−0.029%	$795K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0082%	1h	1.5075	−0.013%	$7.7M	$25.5M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5084	+0.046%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5077	−0.003%	$2.8M	$15.0M	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 XRPlong	+0.0096%	1h	1.5077	long leg	$545K	$3.3M	20x
Katana Perps XRP-USD	+0.0099%	8h	1.5080	+0.020%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5080	+0.023%	$975K	$6.3M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5082	+0.033%	$38.3M	$87.2M	100x
Pacifica XRP	+0.0100%	1h	1.5083	+0.039%	$600K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5084	+0.046%	$524.6M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5088	+0.073%	$344.3M	$964.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5080	+0.020%	$126.0M	$883.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5044	−0.219%	$561K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5089	+0.080%	$144K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	−0.335%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5076	−0.007%	$370.4M	$160.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5084	+0.046%	$287.6M	$923.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5079	+0.011%	$106.3M	$180.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5080	+0.020%	$264.9M	$398.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5078	+0.007%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5046	−0.206%	$4.7M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5054	−0.151%	$654K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5083	+0.040%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5092	+0.099%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5085	+0.051%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5084	+0.046%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5076	−0.009%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5073	−0.027%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5073	−0.025%	$811K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5078	+0.009%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5074	−0.020%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5081	+0.029%	$49.3M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5075	−0.013%	$53.8M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5090	+0.085%	$470K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5080	+0.017%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5071	−0.041%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0110%	1h	1.5089	+0.080%	$288.0M	$262.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5078	+0.007%	$5.7M	$48.4M	50x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5080	+0.023%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0192%	1h	1.5087	+0.066%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0196%	8h	1.5079	+0.013%	$1.7M	$35.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5076	−0.005%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5077	0.000%	$23.1M	$77.0M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5088	+0.075%	$519K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0601%	1h	1.5063	−0.093%	$2K	$16K	10x	as long as short