Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Aster against Bitget−0.076%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Bitget Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.076%, 7d avg +0.001%

Together, before fees+0.030%+ Points / potential airdropAster: Stage 5 · farm board+$3 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: Aster is 0.077% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XRPUSDT	1.5545	0.0100	pay 0.0100% / 8h	1h 26m	$271.2M	$362.6M	125x
Short	Aster XRPUSDT	1.5533	0.0100	get 0.0100% / 8h	1h 26m	$39.5M	$78.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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 BitgetbpFee AsterbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → +0.001%: −$7.74
Slippage, 4 orders: −$3
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.74
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Aster: 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 Bitget live order book, 3 min ago	0.32 bp	7.4 bp −$7	10.6 bp −$106	16.0 bp −$1,600	29.7 bp −$14.9K
Sell Aster live order book, 3 min ago	0.64 bp	4.6 bp −$5	5.3 bp −$53	12.0 bp −$1,199	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	1.5535	−0.064%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5520	−0.162%	$1.1M	$114K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5538	−0.045%	$9.5M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5540	−0.030%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.640%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5532	−0.082%	$15.4M	$68.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0052% / S +0.0123%	1h	1.5538	−0.048%	$1.1M	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5540	−0.032%	$76K	$946K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5536	−0.057%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5538	−0.045%	$440K	$3.2M	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	1.5545	+0.003%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5533	−0.076%	$39.5M	$78.3M	100x
Pacifica XRP	+0.0100%	1h	1.5529	−0.103%	$639K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5547	+0.013%	$559.4M	$1.97B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5547	+0.013%	$347.7M	$893.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5543	−0.013%	$127.6M	$878.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5528	−0.109%	$578K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5530	−0.096%	$118K	$740K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5533	−0.077%	$373.8M	$140.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5533	−0.077%	$293.0M	$851.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5531	−0.087%	$113.4M	$158.7M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5545	long leg	$271.2M	$362.6M	125x
BingX XRP-USDT	+0.0100%	8h	1.5536	−0.058%	—	$117.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5485	−0.389%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5495	−0.319%	$675K	$101.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5534	−0.073%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5504	−0.264%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5533	−0.077%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5544	−0.006%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5539	−0.039%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5545	−0.002%	$837K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5542	−0.022%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5533	−0.077%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5536	−0.056%	$51.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5538	−0.045%	$55.3M	$29.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	−0.440%	$1.7M	$578K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5522	−0.151%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5535	−0.064%	$12K	$259K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5541	−0.027%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5540	−0.034%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5542	−0.019%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5531	−0.089%	$18K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5538	−0.047%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5545	0.000%	$5.8M	$47.2M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5529	−0.103%	$24.7M	$73.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0275%	1h	1.5545	0.000%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5549	+0.026%	$1.9M	$32.8M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5480	−0.418%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5544	−0.008%	$509K	$629K	10x	as long as short
Hyperliquid XRP	+0.0601%	1h	1.5555	+0.064%	$291.4M	$202.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0734%	1h	1.5542	−0.021%	$1K	$11K	10x	as long as short