Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h +0.021%

Price spread now: Kraken Futures against Aster−0.097%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 3 days (all we have)−0.096%−$10 · spread now −0.097%, 7d avg −0.005%

Together, before fees−0.012%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.092% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.005%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.084%, 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	1.5631	0.0100	pay 0.0100% / 8h	1h 46m	$39.8M	$75.2M	100x
Short	Kraken Futures PF_XRPUSD	1.5616	0.0041	get 0.0005% / 1h	46m 45s	$15.7M	$67.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$12.36
Price spread: −0.097% → −0.005%: −$9.17
Slippage, 4 orders: −$9.52
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$49.06
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Kraken Futures: live order book, 2 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, 2 min ago	0.64 bp	4.6 bp −$5	5.3 bp −$53	14.8 bp −$1,484	doesn't fit
Sell Kraken Futures live order book, 2 min ago	2.24 bp	8.2 bp −$8	11.0 bp −$110	21.4 bp −$2,141	53.0 bp −$26.5K

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	1.5636	+0.030%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5628	−0.022%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5607	−0.159%	$261K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0006%	1h	1.5622	−0.060%	$9.6M	$24.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.184%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0041%	1h	1.5616	−0.097%	$15.7M	$67.5M	50x
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5626	−0.034%	$82K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0079% / S +0.0144%	1h	1.5604	−0.176%	$923K	—	200x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5629	−0.018%	$19K	$73K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5629	−0.013%	$3.0M	$11.7M	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	1.5634	+0.017%	$460K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5615	−0.101%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5631	long leg	$39.8M	$75.2M	100x
Pacifica XRP	+0.0100%	1h	1.5638	+0.042%	$676K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5629	−0.017%	$566.6M	$1.92B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5630	−0.009%	$355.1M	$870.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5628	−0.022%	$128.9M	$869.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5541	−0.578%	$579K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5638	+0.042%	$121K	$724K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−0.668%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5633	+0.010%	$372.4M	$135.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5634	+0.017%	$291.0M	$823.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5634	+0.016%	$113.0M	$153.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5630	−0.009%	$271.3M	$352.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5623	−0.053%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5524	−0.686%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5540	−0.585%	$675K	$98.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5571	−0.389%	$1.1M	$41.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5583	−0.309%	$1.0M	$878K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5615	−0.106%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5621	−0.066%	$54K	$436K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5607	−0.156%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5625	−0.040%	$841K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5620	−0.075%	$131K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5619	−0.079%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5615	−0.108%	$51.3M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5614	−0.111%	$55.6M	$28.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5637	+0.035%	$488K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5631	−0.002%	$12K	$248K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5630	−0.011%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5619	−0.082%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5633	+0.010%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5610	−0.139%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5628	−0.022%	$5.8M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5619	−0.079%	$24.6M	$71.9M	125x	as long as short
Kalshi KXXRPPERP	+0.0338%	8h	1.5634	+0.017%	$1.9M	$32.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0367%	1h	1.5633	+0.010%	$1.8M	$979K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5590	−0.265%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5639	+0.048%	$409K	$531K	10x	as long as short
Aftermath Perps XRPUSD	+0.0589%	1h	1.5586	−0.293%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0645%	1h	1.5647	+0.100%	$290.1M	$195.9M	20x	as long as short