Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.028%

Price spread now: Aster against Coinbase International+0.013%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.245% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.671%+$67 · spread now +0.013%, 7d avg −0.019%

Together, before fees+0.595%+ Points / potential airdropAster: Stage 5 · farm board+$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.032% dearer against Coinbase International than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.019%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.076% in total) that is about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5175	0.0216	pay 0.0027% / 1h	7m 17s	$5.6M	$46.8M	50x
Short	Aster XRPUSDT	1.5177	0.0100	get 0.0100% / 8h	5h 07m	$38.3M	$83.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$24.36
Price spread: +0.013% → −0.019%: $3.25
Slippage, 4 orders: −$6.47
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$45.59
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Aster: live order book, 2 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 Coinbase International live order book, 2 min ago	0.33 bp	7.2 bp −$7	11.2 bp −$112	23.8 bp −$2,378	doesn't fit
Sell Aster live order book, 2 min ago	0.66 bp	4.7 bp −$5	4.7 bp −$47	15.4 bp −$1,542	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	1.5177	+0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5175	+0.001%	$1.1M	$110K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5175	0.000%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5175	+0.001%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0031% / S +0.0037%	1h	1.5175	+0.002%	$833K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.537%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5178	+0.020%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0077%	8h	1.5177	+0.013%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5181	+0.040%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5178	+0.020%	$511K	$3.3M	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	1.5169	−0.040%	$10K	$311K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5170	−0.030%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5186	+0.072%	$282.2M	$223.2M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5177	+0.013%	$38.3M	$83.6M	100x
Pacifica XRP	+0.0100%	1h	1.5180	+0.035%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5178	+0.020%	$535.9M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5176	+0.007%	$346.0M	$930.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5178	+0.020%	$125.7M	$872.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5180	+0.033%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5180	+0.033%	$114K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5223	+0.316%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5174	−0.007%	$368.6M	$154.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5175	0.000%	$298.7M	$904.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5176	+0.008%	$108.8M	$172.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5175	0.000%	$269.2M	$381.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5176	+0.007%	—	$126.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	+0.162%	$5.9M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5189	+0.095%	$660K	$107.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5183	+0.053%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5189	+0.092%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5175	+0.002%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5176	+0.007%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5176	+0.007%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5178	+0.019%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5181	+0.040%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5172	−0.020%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5179	+0.026%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5180	+0.033%	$53.9M	$30.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5181	+0.039%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5166	−0.056%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5176	+0.006%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0184%	1h	1.5188	+0.086%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.5182	+0.045%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5173	−0.014%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0216%	1h	1.5175	long leg	$5.6M	$46.8M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5191	+0.105%	$24.3M	$75.5M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5172	−0.023%	$14.3M	$73.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0344%	8h	1.5186	+0.072%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5182	+0.044%	$517K	$778K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.099%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0658%	1h	1.5200	+0.164%	$2K	$14K	10x	as long as short