Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.068%

Price spread now: Aster against GMX+0.044%7-day average −0.016% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.180%+$18 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.044%, 7d avg −0.016%

Together, before fees+0.150%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.060% dearer against GMX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XRP/USD [ETH-USDC]	1.5152	L +0.0054% / S +0.0009%	pay 0.0007% / 1h	19m 20s	$778K	—	200x
Short	Aster XRPUSDT	1.5159	0.0100	get 0.0100% / 8h	3h 19m	$38.9M	$85.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.044%Rate

Funding earned: $9.58
Price spread: +0.044% → −0.016%: $6.03
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.39
Costs to cover: 0.200%
Break-even: 10.2 days

Slippage unknown: GMX: no order-book sample; Aster: live order book, 5 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	0.99 bp	5.0 bp −$5	5.2 bp −$52	11.1 bp −$1,113	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5188	+0.236%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5159	+0.042%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5155	+0.018%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5186	+0.222%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5181	+0.189%	$14.5M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.691%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]long	L +0.0054% / S +0.0009%	1h	1.5152	long leg	$778K	—	200x
Lighter XRP	+0.0096%	1h	1.5168	+0.103%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5170	+0.117%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5165	+0.084%	$9K	$350K	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	1.5161	+0.058%	$984K	$6.1M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5159	+0.044%	$38.9M	$85.6M	100x
Pacifica XRP	+0.0100%	1h	1.5157	+0.032%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5153	+0.005%	$535.1M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5155	+0.018%	$344.7M	$945.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5156	+0.024%	$126.3M	$882.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5187	+0.229%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5171	+0.123%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.080%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5158	+0.038%	$372.3M	$156.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5154	+0.011%	$295.2M	$906.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5167	+0.096%	$109.3M	$177.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5156	+0.024%	$269.2M	$390.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5152	−0.002%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.228%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5180	+0.186%	$659K	$110.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5170	+0.116%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	+0.308%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5166	+0.090%	$46K	$478K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5154	+0.011%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5153	+0.005%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5155	+0.019%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5184	+0.210%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	+0.209%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5186	+0.219%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5180	+0.183%	$54.0M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5158	+0.039%	$473K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5165	+0.081%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5159	+0.046%	$2.0M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5156	+0.024%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5172	+0.130%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5188	+0.236%	$5.8M	$48.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5160	+0.052%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5181	+0.189%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0256%	1h	1.5184	+0.209%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5191	+0.252%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0277%	8h	1.5186	+0.222%	$1.9M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5168	+0.105%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0410%	1h	1.5179	+0.176%	$298.5M	$251.1M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.249%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0645%	1h	1.5179	+0.174%	$2K	$15K	10x	as long as short