Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0556%/8h= −60.9% APRpaid last 24h −0.154%

Price spread now: Bitget against Aftermath Perps+0.037%46s7-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 Bitget

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. Bitget is 0.037% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 5 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps XRPUSD	1.5218	0.0656	pay 0.0082% / 1h	10m 44s	$2K	$14K	10x
Short	Bitget XRPUSDT	1.5224	0.0100	get 0.0100% / 8h	5h 10m	$270.0M	$380.6M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$116.73
Price spread: +0.037% → 0.000%: $3.68
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$134.05
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Bitget: 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 Bitget live order book, 3 min ago	0.33 bp	6.3 bp −$6	9.4 bp −$94	15.6 bp −$1,557	20.5 bp −$10.2K

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	1.5195	−0.154%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5223	+0.030%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5215	−0.022%	$254K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.245%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0033% / S +0.0038%	1h	1.5210	−0.052%	$797K	—	200x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5210	−0.055%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5220	+0.011%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0078%	1h	1.5227	+0.057%	$7.7M	$25.5M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5226	+0.050%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5229	+0.070%	$515K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5199	−0.127%	$10K	$311K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5210	−0.052%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5237	+0.122%	$283.1M	$223.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5227	+0.057%	$38.5M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5228	+0.060%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5226	+0.050%	$537.8M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5224	+0.037%	$347.2M	$930.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5225	+0.043%	$126.2M	$874.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5180	−0.252%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5224	+0.037%	$115K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5223	+0.030%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5226	+0.050%	$369.4M	$153.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5223	+0.030%	$296.3M	$903.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5226	+0.052%	$109.3M	$171.7M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5224	+0.037%	$270.0M	$380.6M	125x
BingX XRP-USDC	+0.0100%	8h	1.5210	−0.055%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	−0.124%	$5.9M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5211	−0.050%	$661K	$107.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	−0.116%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5221	+0.017%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5209	−0.063%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5212	−0.042%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5212	−0.039%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5221	+0.014%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5214	−0.029%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5222	+0.024%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5189	−0.191%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5220	+0.011%	$54.1M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5224	+0.035%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5224	+0.034%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5221	+0.016%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0189%	1h	1.5233	+0.096%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5207	−0.072%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5210	−0.055%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5223	+0.030%	$5.6M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5225	+0.043%	$24.3M	$75.5M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0272%	1h	1.5223	+0.029%	$14.4M	$73.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0345%	8h	1.5226	+0.050%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5213	−0.034%	$518K	$778K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	+0.011%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSDlong	+0.0656%	1h	1.5218	long leg	$2K	$14K	10x