Funding arb · Price arb /

XRP

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Swap Backtest

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 − costs—under 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

Long on Aster Short on Arcus

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%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5362	0.0100	pay 0.0100% / 8h	7h 55m	$38.9M	$83.3M	100x
Short	Arcus XRP-USD	1.5364	0.0100	get 0.0013% / 1h	55m 23s	$116K	$707K	20x

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

Position, each leg$Hold fordaysFee AsterbpFee ArcusbpOrdersPrice spread, now +0.011%Rate

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 4 min ago	0.65 bp	4.7 bp −$5	4.9 bp −$49	13.1 bp −$1,310	doesn't fit
Sell Arcus live order book, 18 min ago	1.30 bp	4.6 bp −$5	7.6 bp −$76	26.5 bp −$2,646	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	1.5380	+0.115%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5367	+0.032%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5400	+0.245%	$69K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5358	−0.027%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0009% / S +0.0088%	1h	1.5356	−0.039%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.286%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5361	−0.009%	$75K	$910K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5356	−0.041%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5378	+0.100%	$2.9M	$13.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5387	+0.160%	$514K	$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
Katana Perps XRP-USD	+0.0100%	8h	1.5362	−0.002%	$12K	$271K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5354	−0.051%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5362	long leg	$38.9M	$83.3M	100x
Pacifica XRP	+0.0100%	1h	1.5374	+0.073%	$635K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5360	−0.015%	$540.6M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5363	+0.004%	$340.5M	$931.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5361	−0.009%	$125.5M	$884.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5339	−0.152%	$572K	$47K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5364	+0.011%	$116K	$707K	20x
Bulk XRP-USD	+0.0100%	1h	1.5337	−0.165%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5359	−0.022%	$374.5M	$147.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5358	−0.028%	$299.5M	$890.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5358	−0.026%	$109.7M	$167.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5361	−0.009%	$269.4M	$377.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5365	+0.017%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5388	+0.170%	$6.5M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5360	−0.012%	$669K	$106.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5389	+0.173%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5367	+0.030%	$1.0M	$906K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5363	+0.004%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5364	+0.011%	$48K	$459K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5358	−0.029%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5364	+0.009%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5369	+0.043%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5365	+0.017%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5372	+0.059%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5385	+0.147%	$54.7M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5367	+0.030%	$479K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5362	−0.005%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5358	−0.031%	$55K	$18K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0141%	1h	1.5367	+0.030%	$9.3M	$25.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5356	−0.045%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5390	+0.180%	$24.0M	$75.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5369	+0.043%	$5.8M	$47.0M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5364	+0.013%	$14.9M	$70.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5371	+0.059%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5390	+0.180%	$2.1M	$35.4M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0326%	1h	1.5390	+0.180%	$1.8M	$1.2M	25x	as long as short
Hyperliquid XRP	+0.0542%	1h	1.5377	+0.095%	$291.6M	$217.2M	20x	as long as short
Aftermath Perps XRPUSD	+0.0777%	1h	1.5365	+0.018%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5362	−0.003%	$508K	$755K	10x	as long as short