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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.3% APRnext payment $0.03 per $10,000 · paid last 24h 0.000%
Price spread now: Katana Perps against Aster+0.073%45s7-day average −0.044% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.022%−$2 on $10k
Price spread, last 7 days−0.135%−$13 · spread now +0.073%, 7d avg −0.044%
Together, before fees−0.157%+ Points / potential airdropAster: Stage 5 · farm board−$16 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: Katana Perps is 0.117% dearer against Aster than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.044%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XRPUSDT1.51600.0100pay 0.0100% / 8h4h 39m$38.3M$83.2M100x
ShortKatana Perps XRP-USD1.51710.0097get 0.0097% / 8h4h 39m$10K$321K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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

Funding earned
−$0.62
Price spread: +0.073% → −0.044%
$11.67
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$0.75
Costs to cover
0.118%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 4 min ago; Katana Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 4 min ago0.66 bp4.7 bp −$55.5 bp −$5513.5 bp −$1,355doesn't fit
Sell Katana Perps no order-book sample
Katana 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5179+0.125%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0071%1h1.5162+0.010%$14.3M$73.8M50xas long as short
dYdX XRP-USD0.0000%1h1.5172+0.081%$1.1M$114K10xas long as short
Phoenix XRP0.0000%1h1.5150−0.066%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5165+0.033%$253K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.639%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0039% / S +0.0030%1h1.5168+0.050%$789K200xas long as short
01 Exchange XRPUSD+0.0064%1h1.5184+0.158%$8K$8K10xas long as short
Orderly PERP_XRP_USDC+0.0080%8h1.5168+0.053%$62K$935K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5170+0.066%$7.7M$25.6M50xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XRP+0.0096%1h1.5163+0.020%$2.8M$14.6M20xas long as short
Lighter RH XRP+0.0096%1h1.5165+0.033%$510K$3.3M20xas long as short
Katana Perps XRP-USDshort+0.0097%8h1.5171+0.073%$10K$321K20x
Nado XRP-PERP+0.0100%1h1.5177+0.115%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5169+0.059%$281.7M$225.5M20xas long as short
Aster XRPUSDTlong+0.0100%8h1.5160long leg$38.3M$83.2M100x
Pacifica XRP+0.0100%1h1.5181+0.135%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5163+0.022%$534.3M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5165+0.033%$345.0M$931.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5163+0.020%$126.0M$875.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5133−0.178%$563K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5121−0.257%$113K$717K20xas long as short
Bulk XRP-USD+0.0100%1h1.5146−0.094%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.51600.000%$370.2M$153.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5161+0.007%$289.7M$897.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5155−0.030%$108.0M$173.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5161+0.007%$268.0M$384.0M125xas long as short
BingX XRP-USDC+0.0100%8h1.5166+0.040%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5148−0.081%$5.4M$37.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5151−0.058%$658K$108.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5138−0.145%$1.1M$35.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5142−0.119%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5171+0.074%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5178+0.119%$43K$452K20xas long as short
Bullet XRP-USD+0.0100%1h1.5170+0.066%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5170+0.064%$816K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5169+0.062%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5166+0.040%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5159−0.009%$49.6M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5159−0.007%$54.1M$30.5M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5178+0.121%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5158−0.016%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5170+0.064%$58K$25K3xas long as short
Hibachi XRP/USDT-P+0.0168%1h1.5149−0.072%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0170%1h1.5170+0.066%$1.9M$1.3M25xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5174+0.092%$5.6M$47.2M50xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5171+0.073%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5159−0.007%$24.2M$76.1M125xas long as short
Kalshi KXXRPPERP+0.0316%8h1.5174+0.092%$2.1M$34.4M2.9xas long as short
RISEx XRP/USDC+0.0352%1h1.5184+0.159%$517K$780K10xas long as short
Aftermath Perps XRPUSD+0.0665%1h1.5154−0.039%$2K$15K10xas long as short