Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Aster against Bullet−0.178%53s7-day average — · you buy dearer than you sell

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

Long on Bullet Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.178% cheaper against Bullet than usual: you would sell low and buy high, −$18 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet XRP-USD	1.5166	0.0100	pay 0.0013% / 1h	22m 39s	$41K	$69K	20x
Short	Aster XRPUSDT	1.5139	0.0100	get 0.0100% / 8h	3h 22m	$38.7M	$85.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bullet. 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 BulletbpFee AsterbpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → 0.000%: −$17.84
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33.84
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Aster: live order book, 1 min ago. 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 Bullet no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	0.99 bp	5.0 bp −$5	5.2 bp −$52	11.1 bp −$1,113	doesn't fit

Bullet: 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	1.5148	−0.119%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5148	−0.120%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5170	+0.026%	$7.8M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5167	+0.006%	$253K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5163	−0.017%	$14.4M	$74.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.598%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5167	+0.006%	$791K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5153	−0.087%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5153	−0.086%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5138	−0.185%	$9K	$348K	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	1.5144	−0.145%	$995K	$6.1M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5139	−0.178%	$38.7M	$85.3M	100x
Pacifica XRP	+0.0100%	1h	1.5150	−0.106%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5145	−0.139%	$534.0M	$2.15B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5146	−0.132%	$344.8M	$944.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5147	−0.126%	$126.4M	$881.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5147	−0.126%	$565K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5145	−0.139%	$131K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−0.010%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5147	−0.126%	$371.5M	$156.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5147	−0.126%	$296.1M	$905.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5149	−0.110%	$109.0M	$177.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5143	−0.152%	$268.6M	$389.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5142	−0.159%	—	$127.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.136%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5189	+0.149%	$660K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5166	−0.003%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5196	+0.197%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5151	−0.099%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5171	+0.033%	$45K	$477K	20x	as long as short
Bullet XRP-USDlong	+0.0100%	1h	1.5166	long leg	$41K	$69K	20x
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5166	0.000%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5167	+0.005%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5172	+0.040%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5166	0.000%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	+0.020%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5160	−0.040%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5150	−0.104%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5136	−0.196%	$2.0M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5165	−0.007%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5143	−0.152%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5175	+0.059%	$5.7M	$47.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5166	−0.001%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5163	−0.020%	$24.2M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0259%	1h	1.5170	+0.026%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5160	−0.042%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5172	+0.039%	$1.9M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5143	−0.155%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0405%	1h	1.5165	−0.007%	$298.8M	$246.9M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.158%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0681%	1h	1.5191	+0.164%	$2K	$15K	10x	as long as short