Funding arb · Price arb /

XRP

all XRP markets

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: Bybit against Aster+0.013%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$220.223% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 7 days−0.005%−$1 · spread now +0.013%, 7d avg −0.007%

Together, before fees+0.020%+ Points / potential airdropAster: Stage 5 · farm board+$2 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: Bybit is 0.020% dearer against Aster than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5137	0.0100	pay 0.0100% / 8h	1h 56m	$38.4M	$87.5M	100x
Short	Bybit XRPUSDT	1.5139	0.0100	get 0.0100% / 8h	1h 56m	$343.8M	$967.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.007%: $2.01
Slippage, 4 orders: −$3.3
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.29
Costs to cover: 0.223%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Bybit: 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 Aster live order book, 3 min ago	0.66 bp	5.2 bp −$5	5.8 bp −$58	13.7 bp −$1,373	doesn't fit
Sell Bybit live order book, 3 min ago	0.33 bp	5.8 bp −$6	6.8 bp −$68	13.3 bp −$1,327	28.8 bp −$14.4K

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	1.5158	+0.139%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5136	−0.005%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.152%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5140	+0.017%	$245K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5146	+0.060%	$7.7M	$25.2M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0025%	1h	1.5136	−0.006%	$14.4M	$75.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.795%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0077% / S −0.0023%	1h	1.5139	+0.014%	$798K	—	200x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5141	+0.027%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5140	+0.019%	$2.8M	$15.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5141	+0.027%	$546K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5134	−0.020%	$11K	$363K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5145	+0.056%	$999K	$6.4M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5137	long leg	$38.4M	$87.5M	100x
Pacifica XRP	+0.0100%	1h	1.5139	+0.011%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5137	+0.002%	$526.6M	$2.22B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5139	+0.013%	$343.8M	$967.2M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5147	+0.066%	$126.8M	$891.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5154	+0.113%	$564K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5150	+0.086%	$143K	$718K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5166	+0.192%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5147	+0.066%	$375.0M	$157.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5145	+0.053%	$296.9M	$916.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5140	+0.023%	$107.2M	$182.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5144	+0.046%	$266.5M	$399.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5142	+0.033%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5155	+0.117%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5133	−0.029%	$659K	$114.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5156	+0.124%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5165	+0.185%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5147	+0.070%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5148	+0.073%	$46K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5140	+0.019%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5141	+0.027%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5139	+0.012%	$815K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5141	+0.027%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5136	−0.006%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5142	+0.033%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5139	+0.013%	$54.0M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5153	+0.104%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5138	+0.004%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5141	+0.029%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5152	+0.096%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0169%	1h	1.5156	+0.126%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5147	+0.066%	$5.7M	$48.4M	50x	as long as short
Hyperliquid XRP	+0.0201%	1h	1.5159	+0.149%	$289.3M	$264.5M	20x	as long as short
Kalshi KXXRPPERP	+0.0212%	8h	1.5146	+0.060%	$1.7M	$35.4M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5142	+0.035%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5141	+0.027%	$23.3M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5146	+0.058%	$517K	$792K	10x	as long as short
Aftermath Perps XRPUSD	+0.0572%	1h	1.5151	+0.096%	$2K	$16K	10x	as long as short