Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Variational Omni+0.078%7-day average +0.008% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.078%, 7d avg +0.008%

Together, before fees−0.078%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board−$8 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 0.070% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5130	0.0100	pay 0.0100% / 8h	6h 08m	$6.2M	$35.7M	—
Short	Aster XRPUSDT	1.5142	0.0100	get 0.0100% / 8h	6h 08m	$38.4M	$83.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → +0.008%: $7
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Aster: live order book, 6 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 1 min ago	2.02 bp	doesn't fit	6.1 bp −$61	22.3 bp −$2,234	doesn't fit
Sell Aster live order book, 6 min ago	0.66 bp	4.7 bp −$5	5.5 bp −$55	11.8 bp −$1,183	doesn't fit

XRP on 50 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	1.5109	−0.138%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5116	−0.092%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	+0.067%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5138	+0.056%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0023% / S +0.0054%	1h	1.5137	+0.047%	$800K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.843%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5131	+0.006%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0073%	8h	1.5143	+0.087%	$62K	$953K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5135	+0.031%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5138	+0.054%	$510K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5113	−0.111%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5117	−0.082%	$961K	$6.0M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5142	+0.078%	$38.4M	$83.9M	100x
Pacifica XRP	+0.0100%	1h	1.5116	−0.092%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5135	+0.034%	$537.3M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5134	+0.027%	$341.1M	$930.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5138	+0.054%	$124.2M	$868.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5119	−0.072%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5122	−0.052%	$114K	$696K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5125	−0.035%	$1.6M	$257K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5132	+0.014%	$367.6M	$153.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5134	+0.027%	$291.6M	$918.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5131	+0.010%	$106.8M	$171.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5133	+0.021%	$266.7M	$382.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5134	+0.027%	—	$127.0M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5130	long leg	$6.2M	$35.7M	—
edgeX XRPUSDC	+0.0100%	4h	1.5129	−0.004%	$657K	$109.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5136	+0.040%	$1.1M	$36.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5132	+0.014%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5126	−0.024%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5131	+0.008%	$44K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5143	+0.084%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5145	+0.100%	$815K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5123	−0.048%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5143	+0.087%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5138	+0.051%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5137	+0.047%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5118	−0.079%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5133	+0.021%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5141	+0.076%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5124	−0.039%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0167%	1h	1.5143	+0.087%	$279.9M	$219.1M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0212%	1h	1.5146	+0.107%	$7.6M	$25.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5131	+0.008%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5134	+0.027%	$5.7M	$46.5M	50x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5122	−0.053%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0329%	1h	1.5146	+0.107%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0360%	8h	1.5136	+0.041%	$2.1M	$35.5M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5123	−0.046%	$529K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0762%	1h	1.5140	+0.064%	$2K	$14K	10x	as long as short