Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against SoDEX+0.144%7-day average +0.018% · 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−$5as in the Price arb table

costs, in and out, $10k−$170.173% of the position

Long on SoDEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.575%+$58 · spread now +0.144%, 7d avg +0.018%

Together, before fees+0.582%+ Points / potential airdropAster: Stage 5 · farm board+$58 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 0.126% dearer against SoDEX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5290	0.0100	pay 0.0013% / 1h	18m 46s	$29K	$1.5M	10x
Short	Aster XRPUSDT	1.5312	0.0100	get 0.0100% / 8h	7h 18m	$38.8M	$83.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.018%: $12.55
Slippage, 4 orders: −$1.31
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.76
Costs to cover: 0.173%
Break-even: never at this rate

Slippage from SoDEX: live order book, 5 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 SoDEX live order book, 5 min ago	0.33 bp	4.3 bp −$4	8.0 bp −$80	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	0.33 bp	4.3 bp −$4	5.7 bp −$57	16.0 bp −$1,605	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
Kraken Futures PF_XRPUSD	−0.0170%	1h	1.5291	+0.005%	$14.8M	$73.4M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5291	+0.007%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5280	−0.065%	$69K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5293	+0.018%	$248K	—	150x	as long as short
dYdX XRP-USD	+0.0007%	1h	1.5310	+0.132%	$1.1M	$134K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5296	+0.039%	$7.8M	$22.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.766%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5289	−0.006%	$17K	$78K	7x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5292	+0.013%	$9K	$2K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5314	+0.158%	$2.8M	$14.7M	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	1.5315	+0.164%	$622K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5310	+0.131%	$20K	$379K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5295	+0.036%	$1.0M	$6.1M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5312	+0.144%	$38.8M	$83.2M	100x
Pacifica XRP	+0.0100%	1h	1.5313	+0.149%	$616K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5312	+0.141%	$533.8M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5307	+0.111%	$357.2M	$917.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5308	+0.118%	$126.9M	$839.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5302	+0.078%	$561K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5320	+0.196%	$145K	$698K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5316	+0.169%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5310	+0.131%	$375.7M	$155.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5308	+0.118%	$317.5M	$925.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5311	+0.140%	$107.8M	$180.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5314	+0.157%	$271.2M	$368.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5312	+0.144%	—	$106.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5309	+0.126%	$4.8M	$38.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5289	−0.009%	$667K	$113.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5295	+0.033%	$1.1M	$33.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5296	+0.039%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5299	+0.059%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5295	+0.033%	$52K	$504K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5295	+0.030%	$41K	$67K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5294	+0.026%	$78K	$647K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	−0.918%	$815K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5294	+0.029%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5290	long leg	$29K	$1.5M	10x
HTX XRP-USDT	+0.0100%	8h	1.5297	+0.044%	$49.9M	$14.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5294	+0.026%	$54.4M	$33.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5314	+0.155%	$478K	$53K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5308	+0.116%	$2.1M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5291	+0.008%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0131% / S −0.0092%	1h	1.5286	−0.028%	$782K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5293	+0.020%	$5.3M	$47.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5300	+0.065%	$1.7M	$33.0M	2.9x	as long as short
Hyperliquid XRP	+0.0177%	1h	1.5326	+0.235%	$293.1M	$264.3M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0210%	1h	1.5307	+0.111%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5298	+0.052%	$23.8M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5290	−0.003%	$1.4M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5320	+0.195%	$524K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0524%	1h	1.5250	−0.258%	$3K	$16K	10x	as long as short