Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0472%/8h= −51.7% APRpaid last 24h −0.126%

Price spread now: Binance against Aftermath Perps+0.089%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 Binance

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—needs both histories

The price spread pays, funding is against you. Binance is 0.089% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XRPUSD	1.5424	0.0572	pay 0.0072% / 1h	3m 04s	$1K	$11K	10x
Short	Binance XRPUSDT	1.5438	0.0100	get 0.0100% / 8h	2h 03m	$555.3M	$1.88B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.089%Rate

Funding earned: −$99.2
Price spread: +0.089% → 0.000%: $8.85
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$109.35
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Binance: live order book, 11 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 Binance live order book, 11 min ago	0.32 bp	6.0 bp −$6	7.7 bp −$77	13.9 bp −$1,393	28.0 bp −$14.0K

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	1.5415	−0.061%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5405	−0.127%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5410	−0.093%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5422	−0.013%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0009%	1h	1.5430	+0.037%	$9.4M	$24.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.871%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0049%	8h	1.5426	+0.011%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0076% / S +0.0163%	1h	1.5422	−0.017%	$908K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5432	+0.047%	$3.0M	$11.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5433	+0.056%	$446K	$3.1M	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	1.5418	−0.038%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5429	+0.032%	$39.3M	$73.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5418	−0.043%	$673K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5438	+0.089%	$555.3M	$1.88B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5439	+0.095%	$347.5M	$853.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5443	+0.121%	$125.7M	$850.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	−0.203%	$573K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5422	−0.015%	$121K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.306%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5428	+0.024%	$368.1M	$134.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5429	+0.030%	$286.5M	$825.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5429	+0.028%	$112.2M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5446	+0.140%	$267.7M	$347.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5435	+0.069%	—	$114.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	−0.094%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5390	−0.220%	$669K	$96.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5398	−0.171%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5386	−0.249%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5410	−0.092%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5421	−0.022%	$51K	$438K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5418	−0.041%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5424	−0.001%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5421	−0.022%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5426	+0.011%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5417	−0.046%	$50.7M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5426	+0.011%	$55.1M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5414	−0.065%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5422	−0.015%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5447	+0.144%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5425	+0.002%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5423	−0.009%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5425	+0.003%	$15.7M	$65.5M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5429	+0.030%	$5.6M	$45.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0203%	1h	1.5444	+0.127%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5418	−0.041%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5434	+0.063%	$24.3M	$69.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0301%	8h	1.5442	+0.114%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5398	−0.168%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5425	+0.005%	$405K	$498K	10x	as long as short
Hyperliquid XRP	+0.0517%	1h	1.5451	+0.173%	$285.3M	$191.0M	20x	as long as short
Aftermath Perps XRPUSDlong	+0.0572%	1h	1.5424	long leg	$1K	$11K	10x