Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster+0.001%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.001%, 7d avg −0.007%

Together, before fees+0.036%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5206	0.0100	pay 0.0100% / 8h	3h 28m	$38.6M	$85.3M	100x
Short	Bybit XRPUSDT	1.5206	0.0100	get 0.0100% / 8h	3h 28m	$347.4M	$943.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → −0.007%: $0.73
Slippage, 4 orders: −$3.96
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.23
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Bybit: live order book, 6 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, 6 min ago	0.99 bp	5.0 bp −$5	5.3 bp −$53	11.8 bp −$1,185	doesn't fit
Sell Bybit live order book, 6 min ago	0.33 bp	7.2 bp −$7	8.7 bp −$87	13.6 bp −$1,364	23.2 bp −$11.6K

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	1.5218	+0.080%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5216	+0.066%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5228	+0.142%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5230	+0.158%	$7.8M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5225	+0.127%	$14.5M	$74.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.329%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0010%	1h	1.5228	+0.142%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5220	+0.094%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5222	+0.106%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5208	+0.014%	$10K	$347K	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	1.5205	−0.006%	$990K	$6.1M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5206	long leg	$38.6M	$85.3M	100x
Pacifica XRP	+0.0100%	1h	1.5221	+0.097%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5203	−0.021%	$535.6M	$2.15B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5206	+0.001%	$347.4M	$943.0M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5203	−0.019%	$127.1M	$887.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5212	+0.040%	$566K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5222	+0.106%	$134K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5212	+0.040%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5212	+0.040%	$370.1M	$155.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5197	−0.059%	$294.8M	$903.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5224	+0.116%	$109.3M	$177.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5200	−0.039%	$269.7M	$389.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5210	+0.027%	—	$127.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5245	+0.256%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5233	+0.178%	$662K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5244	+0.251%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.303%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5208	+0.015%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5205	−0.006%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5196	−0.067%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5222	+0.106%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5224	+0.121%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5226	+0.133%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5226	+0.132%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5226	+0.130%	$49.8M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5224	+0.119%	$54.2M	$31.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5210	+0.024%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5204	−0.012%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5222	+0.106%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5222	+0.106%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5230	+0.158%	$5.7M	$47.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5196	−0.066%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	+0.132%	$24.2M	$76.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5231	+0.168%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0286%	1h	1.5228	+0.145%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0357%	8h	1.5239	+0.218%	$1.9M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5213	+0.047%	$518K	$776K	10x	as long as short
Hyperliquid XRP	+0.0392%	1h	1.5223	+0.110%	$301.3M	$245.9M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5240	+0.224%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0679%	1h	1.5217	+0.074%	$2K	$15K	10x	as long as short