Funding arb · Price arb /

XRP

all XRP markets

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 Polymarket Perps−0.024%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 3 days (all we have)−0.281%−$28 · spread now −0.024%, 7d avg −0.020%

Together, before fees−0.292%+ Points / potential airdropAster: Stage 5 · farm board−$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XRP-USD	1.5726	0.0100	pay 0.0013% / 1h	43m 24s	$48K	$444K	20x
Short	Aster XRPUSDT	1.5722	0.0100	get 0.0100% / 8h	1h 43m	$39.9M	$75.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.020%: −$0.39
Slippage, 4 orders: −$9.37
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$25.76
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 39 min ago; Aster: live order book, 6 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 Polymarket Perps live order book, 39 min ago	2.27 bp	9.2 bp −$9	11.9 bp −$119	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	0.64 bp	4.6 bp −$5	5.2 bp −$52	12.5 bp −$1,249	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	1.5725	−0.006%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5710	−0.104%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5718	−0.051%	$9.7M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5705	−0.136%	$263K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.772%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5719	−0.048%	$15.7M	$67.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5704	−0.140%	$82K	$938K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0081% / S +0.0140%	1h	1.5701	−0.157%	$926K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5722	−0.027%	$3.1M	$11.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5724	−0.013%	$464K	$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
Hibachi XRP/USDT-P	+0.0096%	1h	1.5709	−0.106%	$19K	$77K	7x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5718	−0.048%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5722	−0.024%	$39.9M	$75.8M	100x
Pacifica XRP	+0.0100%	1h	1.5719	−0.045%	$679K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5706	−0.129%	$569.9M	$1.93B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5705	−0.134%	$354.8M	$874.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5701	−0.159%	$129.2M	$874.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5615	−0.706%	$581K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5724	−0.013%	$121K	$726K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−1.265%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5710	−0.102%	$377.0M	$136.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5707	−0.121%	$294.2M	$828.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5710	−0.103%	$114.0M	$154.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5712	−0.089%	$273.0M	$354.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5703	−0.146%	—	$115.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	−0.585%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5683	−0.277%	$681K	$99.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5730	+0.027%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5698	−0.178%	$1.0M	$879K	50x	as long as short
Polymarket Perps XRP-USDlong	+0.0100%	1h	1.5726	long leg	$48K	$444K	20x
Bullet XRP-USD	+0.0100%	1h	1.5705	−0.135%	$42K	$63K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5709	−0.109%	$846K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5723	−0.017%	$132K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5721	−0.032%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5730	+0.028%	$51.7M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5725	−0.006%	$56.0M	$28.9M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5710	−0.099%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5722	−0.024%	$490K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5720	−0.038%	$13K	$250K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5717	−0.057%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5707	−0.123%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5730	+0.025%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5712	−0.086%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5732	+0.038%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5701	−0.159%	$24.7M	$72.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0338%	8h	1.5733	+0.045%	$2.0M	$32.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0377%	1h	1.5725	−0.006%	$1.8M	$977K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5740	+0.089%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5731	+0.032%	$413K	$560K	10x	as long as short
Aftermath Perps XRPUSD	+0.0594%	1h	1.5649	−0.488%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0644%	1h	1.5730	+0.025%	$292.2M	$198.1M	20x	as long as short