Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against SoDEX+0.103%55s7-day average +0.015% · you sell dearer than you buy

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

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

costs, in and out, $10k−$190.185% of the position

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.616%+$62 · spread now +0.103%, 7d avg +0.015%

Together, before fees+0.620%+ Points / potential airdropAster: Stage 5 · farm board+$62 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 0.088% dearer against SoDEX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.015%. The two prices were read 55 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	SoDEX XRP-USD	1.5133	0.0100	pay 0.0013% / 1h	36m 26s	$29K	$1.7M	10x
Short	Aster XRPUSDT	1.5149	0.0100	get 0.0100% / 8h	5h 36m	$38.4M	$83.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.015%: $8.8
Slippage, 4 orders: −$2.5
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$9.71
Costs to cover: 0.185%
Break-even: never at this rate

Slippage from SoDEX: 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 SoDEX live order book, 2 min ago	0.33 bp	4.3 bp −$4	7.3 bp −$73	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	0.66 bp	5.1 bp −$5	5.7 bp −$57	12.4 bp −$1,244	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	1.5132	−0.007%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5142	+0.057%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5151	+0.118%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0033% / S +0.0045%	1h	1.5150	+0.111%	$817K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.822%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5143	+0.066%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5153	+0.132%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5134	+0.007%	$7.6M	$25.4M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5150	+0.110%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5147	+0.093%	$509K	$3.3M	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	1.5135	+0.013%	$10K	$308K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	+0.089%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5153	+0.132%	$280.3M	$220.4M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5149	+0.103%	$38.4M	$83.2M	100x
Pacifica XRP	+0.0100%	1h	1.5148	+0.099%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5155	+0.145%	$537.2M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5154	+0.139%	$343.8M	$925.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5157	+0.159%	$125.5M	$866.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5112	−0.139%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5150	+0.112%	$114K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5136	+0.017%	$1.6M	$88K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5153	+0.132%	$370.2M	$151.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5156	+0.152%	$294.1M	$896.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5153	+0.133%	$106.7M	$171.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5146	+0.086%	$266.5M	$380.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5147	+0.093%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5121	−0.082%	$5.6M	$36.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5123	−0.068%	$657K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5119	−0.090%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5120	−0.086%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5140	+0.045%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5149	+0.106%	$42K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5151	+0.120%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5134	+0.008%	$814K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5123	−0.069%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5133	long leg	$29K	$1.7M	10x
HTX XRP-USDT	+0.0100%	8h	1.5130	−0.019%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5141	+0.053%	$53.9M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5148	+0.098%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5143	+0.065%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5130	−0.023%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5144	+0.073%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5144	+0.073%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5137	+0.026%	$5.6M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5139	+0.040%	$24.2M	$74.7M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5132	−0.007%	$14.5M	$73.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5131	−0.011%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5134	+0.007%	$2.2M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5148	+0.099%	$516K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	−0.020%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0706%	1h	1.5133	+0.001%	$2K	$14K	10x	as long as short