Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Pacifica+0.181%48s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.218% of the position

Long on Pacifica Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.181%, 7d avg −0.004%

Together, before fees−0.283%+ Points / potential airdropPacifica: Active · Aster: Stage 5 · farm board−$28 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 0.185% dearer against Pacifica than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 48 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	Pacifica XRP	1.5533	0.0100	pay 0.0013% / 1h	50m 51s	$677K	$1.1M	20x
Short	Aster XRPUSDT	1.5561	0.0100	get 0.0100% / 8h	1h 50m	$39.7M	$75.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Pacifica. 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 PacificabpFee AsterbpOrdersPrice spread, now +0.181%Rate

Funding earned: $0
Price spread: +0.181% → −0.004%: $18.51
Slippage, 4 orders: −$5.79
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$3.28
Costs to cover: 0.218%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 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 Pacifica live order book, 3 min ago	0.64 bp	5.6 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.64 bp	5.3 bp −$5	6.2 bp −$62	12.8 bp −$1,282	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	1.5550	+0.109%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5533	0.000%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5556	+0.151%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.564%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5557	+0.152%	$15.4M	$67.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0048%	1h	1.5577	+0.285%	$19K	$73K	7x	as long as short
Orderly PERP_XRP_USDC	+0.0051%	8h	1.5560	+0.174%	$82K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0071%	1h	1.5559	+0.167%	$9.6M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0078% / S +0.0149%	1h	1.5551	+0.117%	$920K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5554	+0.136%	$3.0M	$11.6M	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	1.5556	+0.148%	$456K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5528	−0.034%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5561	+0.181%	$39.7M	$75.0M	100x
Pacifica XRPlong	+0.0100%	1h	1.5533	long leg	$677K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5585	+0.333%	$565.0M	$1.91B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5580	+0.303%	$353.9M	$869.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5580	+0.303%	$127.9M	$866.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5587	+0.348%	$579K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5531	−0.013%	$120K	$724K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−0.039%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5583	+0.322%	$371.0M	$134.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5572	+0.251%	$289.8M	$820.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5561	+0.182%	$112.0M	$153.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5583	+0.322%	$270.5M	$352.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5570	+0.238%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5558	+0.162%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5587	+0.346%	$677K	$98.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5625	+0.592%	$1.1M	$41.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5590	+0.367%	$1.0M	$882K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5544	+0.071%	$53K	$436K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5553	+0.129%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5558	+0.163%	$838K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5558	+0.160%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5555	+0.142%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5523	−0.066%	$51.0M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5551	+0.116%	$55.3M	$28.8M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5540	+0.043%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5526	−0.046%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5530	−0.019%	$12K	$247K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5560	+0.175%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5556	+0.146%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5530	−0.019%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5540	+0.043%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5563	+0.193%	$5.7M	$45.9M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5545	+0.077%	$24.5M	$71.3M	125x	as long as short
Kalshi KXXRPPERP	+0.0339%	8h	1.5548	+0.097%	$1.9M	$32.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0358%	1h	1.5562	+0.187%	$1.8M	$977K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5620	+0.560%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5533	+0.002%	$406K	$530K	10x	as long as short
Aftermath Perps XRPUSD	+0.0565%	1h	1.5551	+0.113%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0666%	1h	1.5570	+0.238%	$288.4M	$195.1M	20x	as long as short