Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Aster−0.021%52s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2812.809% of the position

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.081%−$8 on $10k

Price spread, last 3 days (all we have)−0.107%−$11 · spread now −0.021%, 7d avg −0.013%

Together, before fees−0.187%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5189	0.0100	pay 0.0100% / 8h	3h 31m	$38.6M	$69.9M	100x
Short	gTrade (Gains Network) XRP/USD	1.5186	L +0.0003% / S −0.0004%	get 0.0001% / 1h	31m 34s	$257K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.021%Rate

Funding earned: −$20.12
Price spread: −0.021% → −0.013%: −$0.72
Slippage, 4 orders: −$262.89
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$301.73
Costs to cover: 2.809%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 18 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	1.32 bp	5.3 bp −$5	5.7 bp −$57	13.4 bp −$1,342	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 18 min ago	130.02 bp	135.0 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	doesn't fit

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
GMX XRP/USD [ETH-USDC]	L −0.0207% / S +0.0293%	1h	1.5184	−0.032%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5183	−0.041%	$7K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0013%	1h	1.5195	+0.037%	$15.9M	$59.2M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5188	−0.010%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	−0.127%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5199	+0.064%	$9.0M	$22.8M	50x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5186	−0.021%	$257K	—	150x
Orderly PERP_XRP_USDC	+0.0045%	8h	1.5186	−0.021%	$180K	$781K	50x	as long as short
Injective XRP/USDC PERP	+0.0050%	1h	1.5090	−0.653%	$2K	$51K	30x	as long as short
Vest XRP-PERP	+0.0072%	1h	1.5191	+0.009%	—	$9K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5186	−0.021%	$2.9M	$10.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5191	+0.012%	$567K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5194	+0.031%	$12K	$241K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5185	−0.025%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5189	long leg	$38.6M	$69.9M	100x
Pacifica XRP	+0.0100%	1h	1.5188	−0.008%	$671K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5186	−0.021%	$539.3M	$1.78B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5189	−0.002%	$343.5M	$797.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5194	+0.031%	$124.2M	$807.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5182	−0.048%	$565K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5191	+0.012%	$113K	$623K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5185	−0.028%	$354.5M	$127.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5182	−0.048%	$310.3M	$771.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5187	−0.014%	$110.4M	$140.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5195	+0.038%	$263.6M	$327.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5187	−0.015%	—	$103.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5188	−0.010%	$7.4M	$22.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5177	−0.078%	$659K	$91.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5199	+0.065%	$1.1M	$41.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5184	−0.034%	$1.0M	$758K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5192	+0.018%	$49K	$460K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5187	−0.014%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5192	+0.018%	$818K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5190	+0.008%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5192	+0.018%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5178	−0.074%	$50.0M	$13.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5189	−0.002%	$54.5M	$27.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5194	+0.031%	$1.6M	$202K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5188	−0.008%	$474K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5187	−0.015%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5194	+0.032%	$73K	$37K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5194	+0.031%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5205	+0.104%	$5.3M	$41.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0193%	1h	1.5198	+0.058%	$1.7M	$895K	25x	as long as short
Kalshi KXXRPPERP	+0.0206%	8h	1.5203	+0.091%	$1.7M	$31.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5186	−0.020%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5210	+0.137%	$23.4M	$61.7M	125x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5189	−0.003%	$19K	$43K	7x	as long as short
RISEx XRP/USDC	+0.0330%	1h	1.5195	+0.037%	$401K	$502K	10x	as long as short
Hyperliquid XRP	+0.0440%	1h	1.5210	+0.137%	$283.4M	$165.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0458%	1h	1.5183	−0.039%	$1K	$10K	10x	as long as short