Settings8H · net · $10k
Funding arb · Price arb /

XRP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Aster against Arcus−0.140%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$180.177% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.006%−$1 on $10k
Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.140%, 7d avg +0.012%
Together, before fees+0.144%+ Points / potential airdropAster: Stage 5 · farm board+$14 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 0.152% cheaper against Arcus than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus XRP-USD1.49880.0100pay 0.0013% / 1h28m 00s$143K$727K20x
ShortAster XRPUSDT1.49670.0100get 0.0100% / 8h2h 28m$38.2M$87.4M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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

Funding earned
$0
Price spread: −0.140% → +0.012%
−$15.22
Slippage, 4 orders
−$5.16
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$32.88
Costs to cover
0.177%
Break-even
never at this rate
Slippage from Arcus: live order book, 21 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
LegHalf-spread$10k$100k$1M$5M
Buy Arcus live order book, 21 min ago0.99 bp3.2 bp −$35.4 bp −$5424.2 bp −$2,418doesn't fit
Sell Aster live order book, 6 min ago0.67 bp4.7 bp −$54.7 bp −$4715.1 bp −$1,506doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5009+0.140%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.4968−0.131%$14.1M$75.3M50xas long as short
dYdX XRP-USD0.0000%1h1.4978−0.068%$1.1M$130K10xas long as short
Phoenix XRP0.0000%1h1.5030+0.280%$67K$110K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.4969−0.127%$7.6M$25.7M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.4962−0.174%$244K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+3.816%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0070% / S −0.0013%1h1.4961−0.181%$784K200xas long as short
01 Exchange XRPUSD+0.0080%1h1.4981−0.047%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.4973−0.098%$2.8M$15.0M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.4975−0.087%$542K$3.3M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.4976−0.080%$11K$363K20xas long as short
Nado XRP-PERP+0.0100%1h1.4970−0.123%$941K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.49880.000%$286.0M$260.3M20xas long as short
Aster XRPUSDTshort+0.0100%8h1.4967−0.140%$38.2M$87.4M100x
Pacifica XRP+0.0100%1h1.4981−0.047%$599K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.4967−0.142%$523.8M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.4963−0.167%$339.1M$965.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.4966−0.147%$123.6M$889.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5006+0.120%$559K$31K5xas long as short
Arcus XRP-USDlong+0.0100%1h1.4988long leg$143K$727K20x
Bulk XRP-USD+0.0100%1h1.5027+0.260%$1.6M$4K20xas long as short
Gate XRP_USDT+0.0100%8h1.4974−0.093%$367.5M$158.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.4965−0.153%$280.9M$916.6M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.4964−0.163%$104.5M$180.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.4964−0.160%$262.9M$398.9M125xas long as short
BingX XRP-USDC+0.0100%8h1.4961−0.180%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5004+0.108%$4.7M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5013+0.168%$652K$112.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5011+0.155%$1.1M$37.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5014+0.173%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.4984−0.024%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.4972−0.107%$51K$493K20xas long as short
Bullet XRP-USD+0.0100%1h1.4968−0.136%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.4966−0.147%$61K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.4965−0.156%$805K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.4974−0.091%$125K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.4969−0.127%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.4971−0.114%$48.9M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.4975−0.087%$53.4M$32.0M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.4979−0.058%$467K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.4961−0.178%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.4967−0.140%$57K$25K3xas long as short
Kalshi KXXRPPERP+0.0137%8h1.4990+0.013%$1.6M$35.9M2.9xas long as short
Backpack XRP_USDC_PERP+0.0159%1h1.4983−0.033%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.4974−0.093%$5.5M$48.1M50xas long as short
Hibachi XRP/USDT-P+0.0216%1h1.5014+0.173%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.4965−0.156%$1.3M$6K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5011+0.153%$23.3M$76.0M125xas long as short
RISEx XRP/USDC+0.0305%1h1.4987−0.008%$511K$780K10xas long as short
Aftermath Perps XRPUSD+0.0616%1h1.5023+0.231%$2K$16K10xas long as short