Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Aster against Bybit+0.042%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$2 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.042%, 7d avg +0.007%

Together, before fees−0.077%+ Points / potential airdropAster: Stage 5 · farm board−$8 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 0.035% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5332	0.0100	pay 0.0100% / 8h	7h 27m	$341.8M	$919.6M	100x
Short	Aster XRPUSDT	1.5338	0.0100	get 0.0100% / 8h	7h 27m	$38.7M	$83.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.007%: $3.49
Slippage, 4 orders: −$2.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.73
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Aster: live order book, 1 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 Bybit live order book, 1 min ago	0.33 bp	6.0 bp −$6	8.1 bp −$81	13.6 bp −$1,356	24.5 bp −$12.2K
Sell Aster live order book, 1 min ago	0.33 bp	4.3 bp −$4	4.7 bp −$47	12.2 bp −$1,225	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	1.5340	+0.052%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5333	+0.007%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5332	0.000%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0014% / S +0.0079%	1h	1.5332	+0.002%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.487%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5339	+0.046%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5341	+0.059%	$9.3M	$25.1M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5342	+0.065%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5334	+0.015%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5343	+0.072%	$515K	$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
Katana Perps XRP-USD	+0.0100%	8h	1.5342	+0.065%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5332	+0.001%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5340	+0.055%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5338	+0.042%	$38.7M	$83.4M	100x
Pacifica XRP	+0.0100%	1h	1.5337	+0.032%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5334	+0.014%	$540.9M	$2.05B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5332	long leg	$341.8M	$919.6M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5333	+0.007%	$124.9M	$867.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	+0.085%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5339	+0.046%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	+0.016%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5332	0.000%	$374.2M	$149.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5332	0.000%	$312.1M	$904.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5332	+0.003%	$108.8M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5339	+0.046%	$268.4M	$374.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5339	+0.046%	—	$123.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	−0.025%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5333	+0.003%	$666K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	+0.013%	$1.1M	$38.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5321	−0.072%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5330	−0.013%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5337	+0.033%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5336	+0.026%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5340	+0.050%	$826K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5334	+0.013%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5340	+0.052%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5333	+0.005%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5338	+0.039%	$54.6M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5334	+0.014%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5338	+0.042%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5332	+0.002%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5329	−0.020%	$24.0M	$73.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5345	+0.085%	$5.8M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5338	+0.037%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0292%	1h	1.5345	+0.085%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5345	+0.085%	$2.1M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5319	−0.087%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0397%	1h	1.5351	+0.124%	$290.0M	$214.7M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5340	+0.052%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0805%	1h	1.5334	+0.011%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5345	+0.083%	$507K	$754K	10x	as long as short