Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.014%

Price spread now: Aster against 01 Exchange+0.031%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.031% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5585	0.0160	pay 0.0020% / 1h	58m 00s	$8K	$8K	10x
Short	Aster XRPUSDT	1.5590	0.0100	get 0.0100% / 8h	58m 00s	$39.6M	$79.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$12.6
Price spread: +0.031% → 0.000%: $3.08
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.52
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Aster live order book, 6 min ago	0.64 bp	4.6 bp −$5	5.5 bp −$55	13.6 bp −$1,356	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5574	−0.071%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5563	−0.139%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5577	−0.051%	$9.6M	$25.4M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0003% / S +0.0110%	1h	1.5572	−0.084%	$857K	—	200x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5573	−0.075%	$261K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5578	−0.045%	$15.7M	$68.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0055%	8h	1.5576	−0.058%	$77K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.160%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5584	−0.009%	$3.0M	$12.5M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5573	−0.079%	$1.1M	$5.4M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDTshort	+0.0100%	8h	1.5590	+0.031%	$39.6M	$79.3M	100x
Pacifica XRP	+0.0100%	1h	1.5573	−0.080%	$641K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5585	0.000%	$560.2M	$2.00B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5586	+0.006%	$348.6M	$907.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5586	+0.006%	$127.9M	$888.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5574	−0.071%	$578K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5581	−0.026%	$119K	$747K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5586	+0.006%	$373.2M	$142.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5582	−0.019%	$304.3M	$855.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5575	−0.062%	$113.6M	$161.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5586	+0.006%	$272.4M	$367.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5582	−0.019%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5530	−0.350%	$11.6M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5526	−0.376%	$674K	$102.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5558	−0.171%	$1.1M	$41.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5520	−0.417%	$1.0M	$885K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5585	0.000%	$46K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5574	−0.071%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5575	−0.061%	$838K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5589	+0.026%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5574	−0.071%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5577	−0.054%	$51.1M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5581	−0.026%	$55.4M	$29.1M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5562	−0.150%	$1.7M	$573K	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5576	−0.060%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5578	−0.045%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5584	−0.006%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5582	−0.017%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5572	−0.084%	$73K	$40K	3x	as long as short
Lighter RH XRP	+0.0144%	1h	1.5585	0.000%	$444K	$3.1M	20x	as long as short
01 Exchange XRPUSDlong	+0.0160%	1h	1.5585	long leg	$8K	$8K	10x
Reya XRPRUSDPERP	+0.0212%	1h	1.5580	−0.029%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5572	−0.083%	$24.5M	$74.2M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5580	−0.032%	$6.0M	$47.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5569	−0.104%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5583	−0.013%	$2.0M	$33.4M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0349%	1h	1.5592	+0.045%	$1.7M	$1.0M	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5530	−0.353%	$69K	$89K	15x	as long as short
Hyperliquid XRP	+0.0539%	1h	1.5604	+0.122%	$293.6M	$206.9M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5590	+0.033%	$510K	$631K	10x	as long as short
Aftermath Perps XRPUSD	+0.0768%	1h	1.5553	−0.208%	$1K	$11K	10x	as long as short