Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0634%/8h= −69.4% APRpaid last 24h −0.130%

Price spread now: Aster against Aftermath Perps+0.026%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.026% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.026% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XRPUSD	1.5542	0.0734	pay 0.0092% / 1h	26m 26s	$1K	$11K	10x
Short	Aster XRPUSDT	1.5546	0.0100	get 0.0100% / 8h	1h 26m	$39.5M	$78.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aftermath Perps. 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 Aftermath PerpsbpFee AsterbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$133.05
Price spread: +0.026% → 0.000%: $2.65
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$147.4
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Aster: live order book, 3 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	0.64 bp	4.6 bp −$5	5.3 bp −$53	12.0 bp −$1,199	doesn't fit

Aftermath Perps: 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	1.5535	−0.044%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5520	−0.141%	$1.1M	$114K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5541	−0.005%	$9.5M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5540	−0.010%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.620%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5534	−0.050%	$15.4M	$68.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0052% / S +0.0123%	1h	1.5538	−0.027%	$1.1M	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5540	−0.012%	$76K	$946K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5528	−0.091%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5543	+0.008%	$440K	$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
Nado XRP-PERP	+0.0100%	1h	1.5545	+0.024%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5546	+0.026%	$39.5M	$78.3M	100x
Pacifica XRP	+0.0100%	1h	1.5529	−0.082%	$639K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5541	−0.005%	$559.2M	$1.97B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5540	−0.012%	$347.6M	$893.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5539	−0.018%	$127.5M	$878.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5528	−0.089%	$578K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5530	−0.076%	$118K	$740K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5539	−0.018%	$373.9M	$140.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5543	+0.008%	$292.9M	$851.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5539	−0.021%	$113.5M	$158.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5540	−0.012%	$271.1M	$362.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5542	+0.001%	—	$117.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5485	−0.368%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5495	−0.299%	$675K	$101.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5534	−0.052%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5504	−0.243%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5533	−0.056%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5544	+0.014%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5539	−0.019%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5540	−0.013%	$836K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5540	−0.008%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5533	−0.057%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5522	−0.127%	$51.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5536	−0.037%	$55.3M	$29.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	−0.419%	$1.7M	$578K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5522	−0.130%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5535	−0.044%	$12K	$259K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5525	−0.109%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5540	−0.010%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5542	+0.001%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5531	−0.069%	$18K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5538	−0.027%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5545	+0.021%	$5.8M	$47.2M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5529	−0.082%	$24.7M	$73.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0267%	1h	1.5539	−0.018%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5535	−0.044%	$1.9M	$32.8M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5480	−0.398%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5544	+0.012%	$509K	$629K	10x	as long as short
Hyperliquid XRP	+0.0602%	1h	1.5560	+0.117%	$291.5M	$202.8M	20x	as long as short
Aftermath Perps XRPUSDlong	+0.0734%	1h	1.5542	long leg	$1K	$11K	10x