Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h −0.028%

Price spread now: Deribit against Aster+0.052%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on Aster Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.052%, 7d avg +0.015%

Together, before fees+0.007%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.037% dearer against Aster than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.015%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours. Mind the row above: over the last 7 days funding on this pair paid +0.140%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5359	0.0100	pay 0.0100% / 8h	21m 31s	$39.1M	$81.6M	100x
Short	Deribit XRP_USDC-PERPETUAL	1.5367	0.0010	get 0.0001% / 1h	21m 31s	$9.4M	$25.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$18.9
Price spread: +0.052% → +0.015%: $3.72
Slippage, 4 orders: −$4.73
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$34.91
Costs to cover: 0.197%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Deribit: live order book, 3 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, 3 min ago	0.32 bp	4.3 bp −$4	4.8 bp −$48	10.9 bp −$1,095	doesn't fit
Sell Deribit live order book, 3 min ago	0.32 bp	4.2 bp −$4	5.9 bp −$59	41.3 bp −$4,129	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	1.5365	+0.039%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5358	−0.007%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5370	+0.072%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5370	+0.070%	$266K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0097%	1h	1.5371	+0.075%	$831K	—	200x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0010%	1h	1.5367	+0.052%	$9.4M	$25.6M	50x
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5368	+0.057%	$15.0M	$69.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0058%	8h	1.5374	+0.098%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.309%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5360	+0.007%	$2.9M	$13.0M	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	1.5363	+0.026%	$439K	$3.2M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5362	+0.023%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5359	long leg	$39.1M	$81.6M	100x
Pacifica XRP	+0.0100%	1h	1.5362	+0.020%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5364	+0.031%	$546.6M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5364	+0.033%	$341.9M	$924.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5366	+0.046%	$125.2M	$879.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	−0.091%	$572K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5365	+0.039%	$117K	$758K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5410	+0.332%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5356	−0.020%	$361.2M	$147.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5365	+0.039%	$296.2M	$887.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5362	+0.021%	$110.2M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5362	+0.020%	$267.4M	$375.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5360	+0.007%	—	$121.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5385	+0.168%	$11.4M	$30.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5360	+0.009%	$667K	$105.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5364	+0.033%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5364	+0.033%	$1.0M	$900K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5365	+0.036%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5366	+0.046%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5367	+0.053%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5371	+0.080%	$827K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5376	+0.110%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5367	+0.052%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5369	+0.067%	$50.5M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5368	+0.059%	$54.7M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5359	+0.002%	$479K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5366	+0.046%	$12K	$269K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5356	−0.022%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5370	+0.070%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5367	+0.052%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5364	+0.030%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5367	+0.052%	$24.3M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5374	+0.098%	$5.8M	$47.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0259%	1h	1.5378	+0.124%	$1.7M	$1.0M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5378	+0.124%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0306%	8h	1.5380	+0.137%	$2.0M	$34.4M	2.9x	as long as short
Hyperliquid XRP	+0.0587%	1h	1.5381	+0.143%	$293.3M	$213.2M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5374	+0.097%	$500K	$638K	10x	as long as short
Aftermath Perps XRPUSD	+0.0783%	1h	1.5387	+0.181%	$1K	$11K	10x	as long as short