Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Arcus−0.103%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.103%, 7d avg +0.014%

Together, before fees+0.151%+ Points / potential airdropAster: Stage 5 · farm board+$15 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 0.117% cheaper against Arcus than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5185	0.0100	pay 0.0013% / 1h	47m 09s	$115K	$722K	20x
Short	Aster XRPUSDT	1.5169	0.0100	get 0.0100% / 8h	6h 47m	$38.4M	$84.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → +0.014%: −$11.71
Slippage, 4 orders: −$6.74
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.95
Costs to cover: 0.192%
Break-even: never at this rate

Slippage from Arcus: live order book, 22 min ago; Aster: live order book, 2 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 Arcus live order book, 22 min ago	1.30 bp	5.0 bp −$5	11.0 bp −$110	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	0.33 bp	4.3 bp −$4	5.3 bp −$53	13.1 bp −$1,309	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5182	−0.020%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5170	−0.101%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	+0.033%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5175	−0.067%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0066%	1h	1.5172	−0.083%	$832K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.470%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5162	−0.149%	$14.7M	$72.3M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0068%	8h	1.5173	−0.079%	$57K	$945K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5166	−0.125%	$9.1M	$25.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5172	−0.082%	$2.8M	$14.0M	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	1.5174	−0.072%	$519K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5182	−0.020%	$11K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5181	−0.023%	$879K	$5.8M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5169	−0.103%	$38.4M	$84.4M	100x
Pacifica XRP	+0.0100%	1h	1.5180	−0.032%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5169	−0.106%	$536.2M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5167	−0.119%	$337.3M	$937.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5172	−0.086%	$123.2M	$871.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	−0.086%	$564K	$28K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5185	long leg	$115K	$722K	20x
Bulk XRP-USD	+0.0100%	1h	1.5183	−0.014%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5170	−0.099%	$368.5M	$149.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5170	−0.099%	$292.7M	$897.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5170	−0.096%	$108.3M	$170.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5168	−0.112%	$265.0M	$383.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5166	−0.125%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	−0.118%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5188	+0.020%	$660K	$108.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5207	+0.145%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5193	+0.053%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5181	−0.026%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5181	−0.026%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5179	−0.040%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5175	−0.064%	$817K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5170	−0.100%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5169	−0.105%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	−0.104%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5171	−0.092%	$53.8M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5180	−0.032%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5161	−0.160%	$2.0M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5164	−0.142%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5185	0.000%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0186%	1h	1.5181	−0.026%	$280.8M	$223.0M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5174	−0.070%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5170	−0.099%	$5.7M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.053%	$24.0M	$75.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0332%	8h	1.5180	−0.033%	$2.1M	$36.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0336%	1h	1.5184	−0.004%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0380%	1h	1.5177	−0.053%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5187	+0.015%	$538K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0802%	1h	1.5185	−0.001%	$2K	$14K	10x	as long as short