Settings8H · net · $10k
Funding arb · Price arb /

XRP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Arcus against Aster+0.011%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$190.192% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.008%+$1 on $10k
Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.011%, 7d avg −0.015%
Together, before fees−0.012%+ Points / potential airdropAster: Stage 5 · farm board−$1 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: Arcus is 0.026% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XRPUSDT1.53620.0100pay 0.0100% / 8h7h 55m$38.9M$83.3M100x
ShortArcus XRP-USD1.53640.0100get 0.0013% / 1h55m 23s$116K$707K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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

Funding earned
$0
Price spread: +0.011% → −0.015%
$2.55
Slippage, 4 orders
−$6.71
Fee Aster: 4 bp × 2 orders
−$8
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$16.66
Costs to cover
0.192%
Break-even
never at this rate
Slippage from Aster: live order book, 4 min ago; Arcus: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 4 min ago0.65 bp4.7 bp −$54.9 bp −$4913.1 bp −$1,310doesn't fit
Sell Arcus live order book, 18 min ago1.30 bp4.6 bp −$57.6 bp −$7626.5 bp −$2,646doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5380+0.115%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5367+0.032%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5400+0.245%$69K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5358−0.027%$257K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0009% / S +0.0088%1h1.5356−0.039%$842K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.286%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0061%8h1.5361−0.009%$75K$910K50xas long as short
01 Exchange XRPUSD+0.0088%1h1.5356−0.041%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5378+0.100%$2.9M$13.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5387+0.160%$514K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5362−0.002%$12K$271K20xas long as short
Nado XRP-PERP+0.0100%1h1.5354−0.051%$1.0M$5.6M20xas long as short
Aster XRPUSDTlong+0.0100%8h1.5362long leg$38.9M$83.3M100x
Pacifica XRP+0.0100%1h1.5374+0.073%$635K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5360−0.015%$540.6M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5363+0.004%$340.5M$931.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5361−0.009%$125.5M$884.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5339−0.152%$572K$47K5xas long as short
Arcus XRP-USDshort+0.0100%1h1.5364+0.011%$116K$707K20x
Bulk XRP-USD+0.0100%1h1.5337−0.165%$1.7M$565K20xas long as short
Gate XRP_USDT+0.0100%8h1.5359−0.022%$374.5M$147.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5358−0.028%$299.5M$890.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5358−0.026%$109.7M$167.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5361−0.009%$269.4M$377.7M125xas long as short
BingX XRP-USDC+0.0100%8h1.5365+0.017%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5388+0.170%$6.5M$35.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5360−0.012%$669K$106.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5389+0.173%$1.1M$40.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5367+0.030%$1.0M$906K50xas long as short
Vest XRP-PERP+0.0100%1h1.5363+0.004%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5364+0.011%$48K$459K20xas long as short
Bullet XRP-USD+0.0100%1h1.5358−0.029%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5364+0.009%$827K$82K10xas long as short
SunX XRP-USDT+0.0100%8h1.5369+0.043%$129K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5365+0.017%$30K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5372+0.059%$50.4M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5385+0.147%$54.7M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5367+0.030%$479K$54K50xas long as short
Extended XRP-USD+0.0104%1h1.5362−0.005%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5358−0.031%$55K$18K3xas long as short
Deribit XRP_USDC-PERPETUAL+0.0141%1h1.5367+0.030%$9.3M$25.6M50xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5356−0.045%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5390+0.180%$24.0M$75.1M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5369+0.043%$5.8M$47.0M50xas long as short
Kraken Futures PF_XRPUSD+0.0243%1h1.5364+0.013%$14.9M$70.2M50xas long as short
Hibachi XRP/USDT-P+0.0304%1h1.5371+0.059%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0318%8h1.5390+0.180%$2.1M$35.4M2.9xas long as short
Backpack XRP_USDC_PERP+0.0326%1h1.5390+0.180%$1.8M$1.2M25xas long as short
Hyperliquid XRP+0.0542%1h1.5377+0.095%$291.6M$217.2M20xas long as short
Aftermath Perps XRPUSD+0.0777%1h1.5365+0.018%$1K$11K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5362−0.003%$508K$755K10xas long as short