Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Aster+0.036%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days−0.026%−$3 · spread now +0.036%, 7d avg −0.004%

Together, before fees+0.007%+ Points / potential airdropAster: Stage 5 · farm board+$1 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: Gate is 0.040% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5211	0.0100	pay 0.0100% / 8h	7h 38m	$38.5M	$84.5M	100x
Short	Gate XRP_USDT	1.5216	0.0100	get 0.0100% / 8h	7h 38m	$375.1M	$153.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.004%: $4.01
Slippage, 4 orders: −$4.92
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$23.92
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Gate: live order book, 6 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, 6 min ago	0.33 bp	4.3 bp −$4	4.7 bp −$47	11.8 bp −$1,180	doesn't fit
Sell Gate live order book, 6 min ago	0.33 bp	8.6 bp −$9	13.3 bp −$133	27.5 bp −$2,749	38.0 bp −$19.0K

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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5215	+0.027%	$14.7M	$75.3M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5188	−0.148%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5198	−0.081%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5200	−0.069%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5204	−0.046%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5215	+0.029%	$7.7M	$23.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.297%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5205	−0.037%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5213	+0.017%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5215	+0.029%	$620K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5198	−0.082%	$20K	$380K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5204	−0.040%	$994K	$6.2M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5211	long leg	$38.5M	$84.5M	100x
Pacifica XRP	+0.0100%	1h	1.5191	−0.130%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5214	+0.022%	$530.3M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5213	+0.016%	$355.0M	$943.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5215	+0.029%	$126.9M	$855.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5173	−0.247%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5207	−0.023%	$143K	$709K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.063%	$1.6M	$13K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5216	+0.036%	$375.1M	$153.0M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5218	+0.049%	$313.7M	$914.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5212	+0.010%	$106.6M	$183.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5217	+0.042%	$269.5M	$383.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5213	+0.016%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5191	−0.129%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5199	−0.078%	$661K	$112.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5210	−0.004%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5202	−0.056%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5206	−0.033%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5208	−0.017%	$52K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5205	−0.036%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5206	−0.030%	$78K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5195	−0.105%	$817K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5192	−0.120%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5211	+0.003%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5209	−0.010%	$49.7M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5211	+0.003%	$54.3M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5194	−0.106%	$474K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5202	−0.058%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5205	−0.036%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0117% / S −0.0082%	1h	1.5203	−0.049%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5204	−0.043%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5212	+0.010%	$5.5M	$47.9M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5203	−0.050%	$1.7M	$33.3M	2.9x	as long as short
Hyperliquid XRP	+0.0188%	1h	1.5233	+0.148%	$291.0M	$267.1M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5183	−0.181%	$23.7M	$77.9M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5201	−0.061%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0228%	1h	1.5231	+0.134%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5204	−0.040%	$522K	$798K	10x	as long as short
Aftermath Perps XRPUSD	+0.0550%	1h	1.5211	0.000%	$3K	$16K	10x	as long as short