Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.023%

Price spread now: Coinbase International against Aster+0.023%7-day average +0.017% · 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−$26as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Aster Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 3 days (all we have)−0.191%−$19 · spread now +0.023%, 7d avg +0.017%

Together, before fees−0.126%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5559	0.0100	pay 0.0100% / 8h	1h 14m	$39.5M	$78.7M	100x
Short	Coinbase International XRP-PERP-INTX	1.5563	0.0216	get 0.0027% / 1h	14m 49s	$5.9M	$47.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.023%Rate

Funding earned: $24.36
Price spread: +0.023% → +0.017%: $0.62
Slippage, 4 orders: −$8.6
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$1.62
Costs to cover: 0.266%
Break-even: 7.5 days

Slippage from Aster: live order book, 4 min ago; Coinbase International: live order book, 4 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	0.64 bp	4.6 bp −$5	5.0 bp −$50	10.8 bp −$1,081	doesn't fit
Sell Coinbase International live order book, 4 min ago	0.64 bp	9.2 bp −$9	11.9 bp −$119	26.1 bp −$2,606	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	1.5559	−0.003%	$7K	$2K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L −0.0002% / S +0.0116%	1h	1.5548	−0.074%	$851K	—	200x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5551	−0.055%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5550	−0.061%	$9.5M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5549	−0.068%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.004%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5553	−0.042%	$15.6M	$68.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5553	−0.041%	$78K	$947K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5557	−0.013%	$3.0M	$12.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5558	−0.009%	$441K	$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
Nado XRP-PERP	+0.0100%	1h	1.5556	−0.022%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5559	long leg	$39.5M	$78.7M	100x
Pacifica XRP	+0.0100%	1h	1.5560	+0.003%	$640K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5553	−0.042%	$559.6M	$1.98B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5548	−0.074%	$346.2M	$901.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5548	−0.074%	$127.5M	$881.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5554	−0.035%	$579K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5560	+0.004%	$119K	$745K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5567	+0.047%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5552	−0.048%	$373.9M	$140.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5554	−0.035%	$300.1M	$861.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5558	−0.007%	$114.1M	$160.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5553	−0.041%	$271.8M	$364.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5552	−0.048%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5575	+0.097%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5570	+0.070%	$676K	$102.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5572	+0.079%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5581	+0.139%	$1.0M	$884K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5556	−0.023%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5554	−0.035%	$47K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5552	−0.048%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5551	−0.055%	$837K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5556	−0.023%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5554	−0.035%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5555	−0.025%	$51.1M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5553	−0.041%	$55.4M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5555	−0.025%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5557	−0.016%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5548	−0.071%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5546	−0.085%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5559	−0.003%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5552	−0.051%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0216%	1h	1.5563	+0.023%	$5.9M	$47.3M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5550	−0.061%	$24.4M	$73.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0224%	1h	1.5577	+0.116%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0292%	1h	1.5568	+0.055%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0325%	8h	1.5562	+0.016%	$1.9M	$33.1M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5550	−0.061%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5564	+0.031%	$510K	$630K	10x	as long as short
Hyperliquid XRP	+0.0593%	1h	1.5579	+0.126%	$291.2M	$204.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0758%	1h	1.5560	+0.003%	$1K	$11K	10x	as long as short