Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0258%/8h= +28.3% APRpaid last 24h +0.120%

Price spread now: RISEx against Aster−0.023%7-day average +0.037% · 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−$24as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on Aster Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.331%+$33 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.023%, 7d avg +0.037%

Together, before fees+0.415%+ Points / potential airdropAster: Stage 5 · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.059% cheaper against Aster than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.037%). If the spread goes back, that is −$6 on $10k: about 18 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5146	0.0100	pay 0.0100% / 8h	3h 07m	$39.0M	$86.0M	100x
Short	RISEx XRP/USDC	1.5143	0.0358	get 0.0045% / 1h	7m 08s	$516K	$777K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.023%Rate

Funding earned: $54.23
Price spread: −0.023% → +0.037%: −$5.95
Slippage, 4 orders: −$3.88
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $30.41
Costs to cover: 0.179%
Break-even: 3.1 days

Slippage from Aster: live order book, 2 min ago; RISEx: live order book, 46 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, 2 min ago	0.33 bp	4.3 bp −$4	5.4 bp −$54	15.3 bp −$1,528	doesn't fit
Sell RISEx live order book, 46 min ago	1.61 bp	4.6 bp −$5	10.5 bp −$105	doesn't fit	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5133	−0.087%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5131	−0.102%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5142	−0.027%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5132	−0.090%	$258K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5141	−0.036%	$14.3M	$74.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.732%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5131	−0.101%	$794K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5140	−0.039%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5141	−0.034%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5128	−0.120%	$10K	$355K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5135	−0.070%	$982K	$6.1M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5146	long leg	$39.0M	$86.0M	100x
Pacifica XRP	+0.0100%	1h	1.5136	−0.070%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5147	+0.007%	$533.6M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5148	+0.012%	$343.7M	$947.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5152	+0.039%	$125.3M	$886.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5121	−0.166%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5144	−0.014%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	−0.051%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5143	−0.021%	$374.8M	$158.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5140	−0.041%	$294.0M	$910.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5139	−0.047%	$109.1M	$178.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5142	−0.027%	$268.8M	$391.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5132	−0.093%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5130	−0.109%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.216%	$656K	$111.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5106	−0.265%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5119	−0.179%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	−0.104%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5136	−0.067%	$49K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5129	−0.111%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5137	−0.060%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5138	−0.055%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5133	−0.084%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5139	−0.047%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5142	−0.025%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5139	−0.047%	$53.9M	$31.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5138	−0.053%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5135	−0.077%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5135	−0.074%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5140	−0.041%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0177%	8h	1.5141	−0.034%	$1.8M	$35.3M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5144	−0.014%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5129	−0.113%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5139	−0.047%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0235%	1h	1.5150	+0.025%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5122	−0.159%	$17K	$82K	7x	as long as short
RISEx XRP/USDCshort	+0.0358%	1h	1.5143	−0.023%	$516K	$777K	10x
Hyperliquid XRP	+0.0379%	1h	1.5153	+0.045%	$290.7M	$255.8M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5110	−0.239%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0637%	1h	1.5136	−0.067%	$2K	$15K	10x	as long as short