Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Aster+1.302%7-day average −0.312% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs+$55as in the Price arb table
costs, in and out, $10k−$1061.061% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.165%+$17 on $10k
Price spread, last 3 days (all we have)−1.999%−$200 · spread now +1.302%, 7d avg −0.312%
Together, before fees−1.834%+ Points / potential airdropAster: Stage 5 · farm board−$183 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 1.614% dearer against Aster than usual: you sell high and buy low (spread +1.302% now, against its 7-day average of −0.312%): +$161 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. Mind the row above: over the last 7 days funding on this pair paid +0.165%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XRPUSDT1.53600.0100pay 0.0100% / 8h7h 55m$38.9M$83.3M100x
ShortInjective XRP/USDC PERP1.55600.0033get 0.0004% / 1h55m 16s$2K$107K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
−$14
Price spread: +1.302% → −0.312%
$161.38
Slippage, 4 orders
−$98.08
Fee Aster: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$41.28
Costs to cover
1.061%
Break-even
from the start
Slippage from Aster: live order book, 4 min ago; Injective: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 4 min ago0.65 bp4.7 bp −$54.9 bp −$4913.1 bp −$1,310doesn't fit
Sell Injective live order book, 18 min ago39.09 bp57.7 bp −$5867.1 bp −$671doesn't fitdoesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5380+0.130%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5367+0.047%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5400+0.260%$69K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5358−0.011%$257K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0009% / S +0.0088%1h1.5356−0.024%$842K200xas long as short
Injective XRP/USDC PERPshort+0.0033%1h1.5560+1.302%$2K$107K30x
Orderly PERP_XRP_USDC+0.0061%8h1.5361+0.007%$75K$910K50xas long as short
01 Exchange XRPUSD+0.0088%1h1.5356−0.026%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5368+0.051%$2.9M$13.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5371+0.072%$513K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5362+0.013%$12K$271K20xas long as short
Nado XRP-PERP+0.0100%1h1.5354−0.036%$1.0M$5.6M20xas long as short
Aster XRPUSDTlong+0.0100%8h1.5360long leg$38.9M$83.3M100x
Pacifica XRP+0.0100%1h1.5374+0.088%$635K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5372+0.078%$541.1M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5377+0.111%$340.9M$931.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5378+0.117%$125.6M$885.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5339−0.137%$572K$47K5xas long as short
Arcus XRP-USD+0.0100%1h1.5364+0.026%$116K$707K20xas long as short
Bulk XRP-USD+0.0100%1h1.5337−0.150%$1.7M$565K20xas long as short
Gate XRP_USDT+0.0100%8h1.5380+0.130%$375.0M$147.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5372+0.078%$299.7M$890.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5364+0.029%$109.7M$167.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5379+0.124%$269.8M$377.7M125xas long as short
BingX XRP-USDT+0.0100%8h1.5378+0.117%$123.2Mas long as short
Variational Omni XRP+0.0100%8h1.5388+0.185%$6.5M$35.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5360+0.003%$669K$106.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5389+0.189%$1.1M$40.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5367+0.046%$1.0M$906K50xas long as short
Vest XRP-PERP+0.0100%1h1.5363+0.019%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5364+0.026%$48K$459K20xas long as short
Bullet XRP-USD+0.0100%1h1.5358−0.013%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5364+0.025%$827K$82K10xas long as short
SunX XRP-USDT+0.0100%8h1.5369+0.059%$129K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5365+0.033%$30K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5362+0.011%$50.4M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5375+0.098%$54.7M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5367+0.046%$479K$54K50xas long as short
Extended XRP-USD+0.0104%1h1.5362+0.011%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5358−0.016%$55K$18K3xas long as short
Deribit XRP_USDC-PERPETUAL+0.0141%1h1.5367+0.046%$9.3M$25.6M50xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5356−0.029%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5371+0.072%$23.9M$74.8M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5369+0.059%$5.8M$47.0M50xas long as short
Kraken Futures PF_XRPUSD+0.0243%1h1.5364+0.028%$14.9M$70.2M50xas long as short
Backpack XRP_USDC_PERP+0.0302%1h1.5385+0.163%$1.9M$1.3M25xas long as short
Hibachi XRP/USDT-P+0.0304%1h1.5371+0.074%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0318%8h1.5385+0.163%$2.1M$35.4M2.9xas long as short
Hyperliquid XRP+0.0561%1h1.5391+0.202%$291.9M$217.3M20xas long as short
Aftermath Perps XRPUSD+0.0777%1h1.5365+0.033%$1K$11K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5362+0.012%$508K$755K10xas long as short