Funding arb · Price arb /

XRP

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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: Gate against Aster−0.031%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.031%, 7d avg −0.004%

Together, before fees+0.064%+ Points / potential airdropAster: Stage 5 · farm board+$6 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: Gate is 0.026% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5232	0.0100	pay 0.0100% / 8h	3h 50m	$38.5M	$84.4M	100x
Short	Gate XRP_USDT	1.5227	0.0100	get 0.0100% / 8h	3h 50m	$372.7M	$153.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.004%: −$2.63
Slippage, 4 orders: −$6.2
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.83
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Gate: 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	0.66 bp	5.3 bp −$5	5.6 bp −$56	16.0 bp −$1,605	doesn't fit
Sell Gate live order book, 3 min ago	0.33 bp	9.4 bp −$9	11.7 bp −$117	28.7 bp −$2,867	41.4 bp −$20.7K

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	1.5244	+0.081%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5224	−0.052%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5240	+0.054%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5239	+0.048%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5230	−0.008%	$14.5M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.156%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0050% / S +0.0016%	1h	1.5238	+0.044%	$782K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5230	−0.008%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5230	−0.011%	$499K	$3.3M	20x	as long as short
Orderly PERP_XRP_USDC	+0.0097%	8h	1.5239	+0.048%	$62K	$934K	50x	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	+0.0098%	8h	1.5228	−0.024%	$12K	$343K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5246	+0.095%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5232	long leg	$38.5M	$84.4M	100x
Pacifica XRP	+0.0100%	1h	1.5230	−0.010%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5228	−0.021%	$535.3M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5228	−0.024%	$348.7M	$940.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5226	−0.037%	$127.6M	$887.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5232	+0.002%	$566K	$29K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5228	−0.024%	$118K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.333%	$1.6M	$49K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5227	−0.031%	$372.7M	$153.5M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5223	−0.057%	$290.3M	$897.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5230	−0.013%	$108.9M	$176.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5222	−0.063%	$269.5M	$388.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5225	−0.044%	—	$127.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5243	+0.073%	$4.8M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5193	−0.256%	$660K	$109.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	−0.072%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5206	−0.168%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5239	+0.051%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5245	+0.088%	$44K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5245	+0.088%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5239	+0.047%	$820K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5241	+0.060%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5235	+0.022%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5244	+0.081%	$49.9M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5225	−0.044%	$54.3M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5226	−0.035%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5219	−0.081%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5237	+0.032%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5250	+0.120%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5244	+0.081%	$5.7M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5247	+0.102%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5224	−0.050%	$24.2M	$76.0M	125x	as long as short
Hyperliquid XRP	+0.0228%	1h	1.5243	+0.075%	$292.7M	$234.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5224	−0.048%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0326%	1h	1.5243	+0.075%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0357%	8h	1.5245	+0.088%	$2.1M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5230	−0.013%	$519K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	−0.470%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0627%	1h	1.5183	−0.321%	$2K	$15K	10x	as long as short