Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h +0.120%

Price spread now: RISEx against Aster+0.020%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on Aster Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.327%+$33 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.020%, 7d avg +0.037%

Together, before fees+0.360%+ Points / potential airdropAster: Stage 5 · farm board+$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$8 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	1.5133	0.0100	pay 0.0100% / 8h	4h 13m	$38.3M	$83.4M	100x
Short	RISEx XRP/USDC	1.5136	0.0352	get 0.0044% / 1h	13m 51s	$515K	$773K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.020%Rate

Funding earned: $52.93
Price spread: +0.020% → +0.037%: −$1.71
Slippage, 4 orders: −$4.16
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $33.05
Costs to cover: 0.182%
Break-even: 2.6 days

Slippage from Aster: live order book, 5 min ago; RISEx: live order book, 45 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, 5 min ago	0.66 bp	4.7 bp −$5	5.1 bp −$51	11.9 bp −$1,193	doesn't fit
Sell RISEx live order book, 45 min ago	1.42 bp	4.4 bp −$4	10.2 bp −$102	doesn't fit	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	1.5142	+0.059%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5132	−0.003%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5134	+0.008%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.112%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5136	+0.020%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5128	−0.033%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.822%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0045% / S +0.0023%	1h	1.5125	−0.055%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0089%	8h	1.5133	0.000%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5150	+0.111%	$2.8M	$14.6M	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	1.5135	+0.013%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5131	−0.013%	$11K	$329K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5134	+0.010%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5159	+0.172%	$280.5M	$227.1M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5133	long leg	$38.3M	$83.4M	100x
Pacifica XRP	+0.0100%	1h	1.5136	+0.020%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5142	+0.061%	$534.1M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5145	+0.079%	$346.8M	$934.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5146	+0.086%	$126.1M	$874.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5132	−0.007%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5134	+0.007%	$110K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5130	−0.017%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5136	+0.020%	$369.0M	$154.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5133	0.000%	$291.8M	$902.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5138	+0.034%	$107.9M	$174.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5147	+0.093%	$268.0M	$384.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5139	+0.040%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5137	+0.025%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5145	+0.082%	$659K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5149	+0.106%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5156	+0.152%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5134	+0.009%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5132	−0.007%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5130	−0.020%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5134	+0.005%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5137	+0.028%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5132	−0.007%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5128	−0.034%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5132	−0.007%	$53.9M	$30.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5133	+0.002%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5133	+0.002%	$2.0M	$6.8M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5134	+0.007%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5132	−0.007%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0182%	1h	1.5141	+0.053%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5141	+0.053%	$5.5M	$47.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5146	+0.087%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5129	−0.025%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5143	+0.066%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5139	+0.040%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDCshort	+0.0352%	1h	1.5136	+0.020%	$515K	$773K	10x
Aftermath Perps XRPUSD	+0.0673%	1h	1.5151	+0.118%	$2K	$15K	10x	as long as short