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 Paradex−0.112%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Paradex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.112%, 7d avg −0.004%

Together, before fees+0.109%+ Points / potential airdropParadex: Active · Aster: Stage 5 · farm board+$11 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 0.108% cheaper against Paradex than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5357	0.0100	pay 0.0100% / 8h	7h 15m	$479K	$52K	50x
Short	Aster XRPUSDT	1.5339	0.0100	get 0.0100% / 8h	7h 15m	$38.9M	$82.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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 ParadexbpFee AsterbpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.004%: −$10.78
Slippage, 4 orders: −$16.76
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$39.54
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from Paradex: live order book, 19 min ago; Aster: live order book, 4 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 Paradex live order book, 19 min ago	7.25 bp	9.3 bp −$9	162.8 bp −$1,628	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.65 bp	4.7 bp −$5	4.8 bp −$48	12.1 bp −$1,208	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_XRPUSD	−0.0170%	1h	1.5353	−0.021%	$14.0M	$75.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5346	−0.069%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5310	−0.303%	$69K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5323	−0.216%	$249K	—	150x	as long as short
dYdX XRP-USD	+0.0007%	1h	1.5341	−0.102%	$1.1M	$123K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5360	+0.022%	$7.8M	$22.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.325%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5340	−0.108%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5317	−0.256%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5353	−0.025%	$2.8M	$14.7M	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	1.5348	−0.056%	$624K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5336	−0.134%	$20K	$378K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5339	−0.111%	$1.0M	$6.1M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5339	−0.112%	$38.9M	$82.8M	100x
Pacifica XRP	+0.0100%	1h	1.5352	−0.030%	$618K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5339	−0.114%	$536.0M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5336	−0.134%	$357.7M	$916.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5337	−0.127%	$127.8M	$839.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5326	−0.199%	$562K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5347	−0.062%	$159K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5316	−0.265%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5342	−0.095%	$376.4M	$156.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5342	−0.095%	$318.0M	$927.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5344	−0.084%	$108.4M	$180.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5340	−0.108%	$272.1M	$365.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5341	−0.101%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5344	−0.080%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	−0.285%	$665K	$113.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5305	−0.333%	$1.1M	$33.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5316	−0.264%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5348	−0.058%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5349	−0.049%	$52K	$504K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5351	−0.036%	$41K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5354	−0.017%	$78K	$646K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	−1.348%	$815K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5356	−0.002%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5355	−0.010%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5359	+0.018%	$50.1M	$14.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5352	−0.030%	$54.5M	$33.0M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5357	long leg	$479K	$52K	50x
Extended XRP-USD	+0.0104%	1h	1.5336	−0.137%	$2.1M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5355	−0.007%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0132% / S −0.0094%	1h	1.5323	−0.218%	$784K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5361	+0.029%	$5.3M	$47.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5334	−0.147%	$1.7M	$32.9M	2.9x	as long as short
Hyperliquid XRP	+0.0180%	1h	1.5362	+0.035%	$293.9M	$265.2M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5327	−0.193%	$23.8M	$78.0M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0220%	1h	1.5364	+0.048%	$2.0M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5308	−0.313%	$1.4M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5345	−0.077%	$525K	$784K	10x	as long as short
Aftermath Perps XRPUSD	+0.0519%	1h	1.5284	−0.470%	$3K	$16K	10x	as long as short