Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0577%/8h= −63.2% APRpaid last 24h −0.159%

Price spread now: Bitget against Aftermath Perps−0.124%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Bitget

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—needs both histories

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bitget is 0.124% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XRPUSD	1.5213	0.0677	pay 0.0085% / 1h	27m 24s	$2K	$15K	10x
Short	Bitget XRPUSDT	1.5194	0.0100	get 0.0100% / 8h	3h 27m	$269.6M	$389.6M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aftermath 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 Aftermath PerpsbpFee BitgetbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$121.21
Price spread: −0.124% → 0.000%: −$12.44
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$154.65
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Bitget: live order book, 2 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	0.33 bp	6.9 bp −$7	7.7 bp −$77	14.9 bp −$1,486	22.8 bp −$11.4K

Aftermath Perps: 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	1.5192	−0.138%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5187	−0.167%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5199	−0.091%	$7.8M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5190	−0.154%	$254K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5195	−0.119%	$14.4M	$74.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.281%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5190	−0.154%	$793K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5198	−0.095%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5200	−0.085%	$497K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5196	−0.111%	$10K	$347K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5193	−0.128%	$989K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5192	−0.138%	$38.5M	$85.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5197	−0.102%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5190	−0.150%	$535.1M	$2.15B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5190	−0.151%	$347.1M	$943.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5187	−0.170%	$126.9M	$887.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5182	−0.203%	$566K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5199	−0.091%	$134K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5212	−0.006%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5193	−0.131%	$369.7M	$155.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5192	−0.138%	$295.7M	$903.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5195	−0.119%	$109.2M	$177.7M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5194	−0.124%	$269.6M	$389.6M	125x
BingX XRP-USDC	+0.0100%	8h	1.5194	−0.124%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5245	+0.210%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5228	+0.097%	$661K	$110.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5219	+0.040%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.257%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5197	−0.105%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5196	−0.111%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5189	−0.158%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5187	−0.170%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5198	−0.100%	$818K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5210	−0.019%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5198	−0.098%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5202	−0.071%	$49.7M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5197	−0.105%	$54.1M	$31.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5194	−0.126%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5189	−0.157%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5187	−0.174%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5197	−0.105%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5204	−0.059%	$5.7M	$47.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5192	−0.138%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	+0.086%	$24.2M	$76.3M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0278%	1h	1.5200	−0.085%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5231	+0.121%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5198	−0.097%	$518K	$776K	10x	as long as short
Kalshi KXXRPPERP	+0.0359%	8h	1.5226	+0.086%	$1.9M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0395%	1h	1.5213	+0.001%	$301.2M	$245.9M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5230	+0.112%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSDlong	+0.0677%	1h	1.5213	long leg	$2K	$15K	10x