Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SoDEX against Aster+0.017%7-day average −0.017% · 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−$15as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on Aster Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.139%−$14 · spread now +0.017%, 7d avg −0.017%

Together, before fees−0.137%+ Points / potential airdropAster: Stage 5 · farm board−$14 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: SoDEX is 0.034% dearer against Aster than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5595	0.0100	pay 0.0100% / 8h	45m 03s	$39.6M	$80.1M	100x
Short	SoDEX XRP-USD	1.5598	0.0100	get 0.0013% / 1h	45m 03s	$30K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.017%: $3.38
Slippage, 4 orders: −$1.92
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$14.55
Costs to cover: 0.179%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; SoDEX: live order book, 4 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, 4 min ago	0.64 bp	4.6 bp −$5	5.0 bp −$50	12.8 bp −$1,282	doesn't fit
Sell SoDEX live order book, 4 min ago	0.32 bp	4.3 bp −$4	7.3 bp −$73	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	1.5603	+0.049%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5605	+0.060%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5620	+0.158%	$70K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5600	+0.030%	$9.7M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5590	−0.032%	$261K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0005% / S +0.0105%	1h	1.5590	−0.036%	$858K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5598	+0.017%	$15.6M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5596	+0.004%	$77K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.227%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5600	+0.030%	$3.0M	$12.6M	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	1.5598	+0.017%	$444K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5596	+0.007%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5595	long leg	$39.6M	$80.1M	100x
Pacifica XRP	+0.0100%	1h	1.5606	+0.066%	$642K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5597	+0.009%	$558.5M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5592	−0.021%	$347.7M	$914.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5588	−0.047%	$127.4M	$891.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5568	−0.175%	$579K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5604	+0.056%	$117K	$752K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.242%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5591	−0.028%	$375.4M	$143.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5595	−0.002%	$302.7M	$868.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5597	+0.011%	$113.5M	$163.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5591	−0.028%	$272.7M	$370.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5591	−0.028%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5624	+0.181%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5593	−0.016%	$677K	$103.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5605	+0.062%	$1.1M	$40.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5567	−0.182%	$1.0M	$899K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5598	+0.020%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5599	+0.023%	$49K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5594	−0.009%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5600	+0.030%	$840K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5604	+0.053%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USDshort	+0.0100%	1h	1.5598	+0.017%	$30K	$1.9M	10x
HTX XRP-USDT	+0.0100%	8h	1.5599	+0.023%	$51.2M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5593	−0.015%	$55.5M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5603	+0.047%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5609	+0.088%	$13K	$266K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5596	+0.002%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5598	+0.017%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5602	+0.043%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5594	−0.007%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5598	+0.017%	$24.5M	$74.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5607	+0.075%	$5.9M	$47.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5633	+0.241%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5613	+0.113%	$2.0M	$33.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0386%	1h	1.5600	+0.030%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0623%	1h	1.5611	+0.100%	$297.1M	$209.1M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5613	+0.112%	$509K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0813%	1h	1.5610	+0.093%	$1K	$11K	10x	as long as short