Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0580%/8h= +63.5% APRpaid last 24h +0.159%

Price spread now: Aftermath Perps against Bitget+0.083%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Aftermath Perps is 0.083% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XRPUSDT	1.5216	0.0100	pay 0.0100% / 8h	3h 29m	$270.0M	$389.5M	125x
Short	Aftermath Perps XRPUSD	1.5229	0.0680	get 0.0085% / 1h	29m 12s	$2K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bitget. 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 BitgetbpFee Aftermath PerpsbpOrdersPrice spread, now +0.083%Rate

Funding earned: $121.79
Price spread: +0.083% → 0.000%: $8.29
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $109.08
Costs to cover: 0.210%
Break-even: 0.7 days

Slippage unknown: Bitget: live order book, 5 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

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 Bitget live order book, 5 min ago	0.33 bp	6.4 bp −$6	9.1 bp −$91	20.8 bp −$2,081	33.6 bp −$16.8K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5251	+0.230%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5226	+0.069%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5228	+0.076%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5230	+0.092%	$7.8M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5225	+0.061%	$14.5M	$74.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.261%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0010%	1h	1.5228	+0.076%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5225	+0.059%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5226	+0.066%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5234	+0.118%	$10K	$347K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5232	+0.102%	$997K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5225	+0.061%	$38.6M	$85.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5238	+0.141%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5219	+0.017%	$536.1M	$2.15B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5219	+0.020%	$347.7M	$943.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5217	+0.007%	$127.2M	$888.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5212	−0.026%	$566K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5240	+0.158%	$134K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5212	−0.026%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5218	+0.013%	$370.3M	$155.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5216	0.000%	$295.0M	$903.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5228	+0.077%	$109.4M	$177.6M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5216	long leg	$270.0M	$389.5M	125x
BingX XRP-USDT	+0.0100%	8h	1.5219	+0.020%	—	$127.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5245	+0.189%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5233	+0.111%	$662K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5244	+0.184%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.237%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5234	+0.116%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5234	+0.118%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5228	+0.079%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5222	+0.039%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5224	+0.055%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5226	+0.066%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5226	+0.066%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5226	+0.063%	$49.8M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5224	+0.053%	$54.2M	$31.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5227	+0.071%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5219	+0.020%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5222	+0.039%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5240	+0.158%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5230	+0.092%	$5.7M	$47.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5230	+0.091%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	+0.066%	$24.2M	$76.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5241	+0.161%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0286%	1h	1.5228	+0.079%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0357%	8h	1.5239	+0.151%	$1.9M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5238	+0.145%	$519K	$776K	10x	as long as short
Hyperliquid XRP	+0.0392%	1h	1.5237	+0.138%	$301.6M	$245.8M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5240	+0.158%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSDshort	+0.0680%	1h	1.5229	+0.083%	$2K	$15K	10x