Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: Aster against gTrade (Gains Network)+0.014%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2792.793% of the position

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.080%+$8 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.014%, 7d avg +0.011%

Together, before fees+0.055%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XRP/USD	1.5583	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	44m 06s	$261K	—	150x
Short	Aster XRPUSDT	1.5585	0.0100	get 0.0100% / 8h	44m 06s	$39.6M	$80.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now +0.014%Rate

Funding earned: $20.31
Price spread: +0.014% → +0.011%: $0.27
Slippage, 4 orders: −$261.3
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$258.73
Costs to cover: 2.793%
Break-even: 96.2 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 35 min ago; Aster: live order book, 5 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 gTrade (Gains Network) virtual book (oracle venue), 35 min ago	130.01 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell Aster live order book, 5 min ago	0.64 bp	4.6 bp −$5	4.9 bp −$49	11.7 bp −$1,171	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	1.5580	−0.021%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5578	−0.037%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5620	+0.236%	$70K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5590	+0.043%	$9.7M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5583	long leg	$261K	—	150x
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0105%	1h	1.5583	−0.004%	$857K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5584	+0.002%	$15.6M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5586	+0.017%	$77K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.150%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5582	−0.006%	$3.0M	$12.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5584	+0.004%	$444K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5587	+0.027%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5585	+0.014%	$39.6M	$80.1M	100x
Pacifica XRP	+0.0100%	1h	1.5581	−0.015%	$641K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5575	−0.054%	$557.8M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5574	−0.060%	$347.7M	$915.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5574	−0.060%	$127.4M	$890.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5568	−0.098%	$579K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5579	−0.028%	$117K	$752K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.320%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5581	−0.015%	$375.2M	$143.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5579	−0.028%	$300.2M	$869.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5584	+0.007%	$113.4M	$163.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5579	−0.028%	$272.5M	$370.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5579	−0.028%	—	$120.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5624	+0.258%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5593	+0.062%	$677K	$103.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5605	+0.139%	$1.1M	$40.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5567	−0.105%	$1.0M	$899K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5588	+0.028%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5588	+0.030%	$48K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5586	+0.014%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5587	+0.026%	$839K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5584	+0.002%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5584	+0.004%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5588	+0.032%	$51.2M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5580	−0.021%	$55.4M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5575	−0.052%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5591	+0.049%	$13K	$266K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5585	+0.009%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5588	+0.031%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5588	+0.030%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5585	+0.009%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5598	+0.094%	$24.5M	$74.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5589	+0.037%	$5.9M	$47.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5633	+0.318%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5594	+0.069%	$2.0M	$33.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0372%	1h	1.5587	+0.024%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0622%	1h	1.5598	+0.094%	$296.9M	$209.1M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5591	+0.047%	$508K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0813%	1h	1.5602	+0.122%	$1K	$11K	10x	as long as short