Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0657%/8h= +71.9% APRpaid last 24h +0.148%

Price spread now: Aftermath Perps against Bybit+0.188%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 +$20 a day on $10k at the current rate, and Aftermath Perps is 0.188% dearer against Bybit than usual: you sell high and buy low: +$19 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	Bybit XRPUSDT	1.5088	0.0100	pay 0.0100% / 8h	5h 55m	$340.7M	$924.5M	100x
Short	Aftermath Perps XRPUSD	1.5116	0.0757	get 0.0095% / 1h	55m 25s	$2K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now +0.188%Rate

Funding earned: $137.97
Price spread: +0.188% → 0.000%: $18.81
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $136.78
Costs to cover: 0.200%
Break-even: 0.1 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.33 bp	5.8 bp −$6	6.7 bp −$67	12.0 bp −$1,204	25.2 bp −$12.6K
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 50 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	1.5107	+0.126%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5089	+0.007%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5130	+0.278%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5083	−0.036%	$252K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0025% / S +0.0051%	1h	1.5082	−0.041%	$797K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.128%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0074%	8h	1.5086	−0.013%	$61K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5096	+0.051%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5108	+0.133%	$508K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5086	−0.013%	$8K	$8K	10x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5079	−0.060%	$9K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5082	−0.036%	$975K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5091	+0.020%	$278.8M	$221.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5089	+0.010%	$38.2M	$82.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5095	+0.043%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5085	−0.020%	$534.5M	$2.09B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5088	long leg	$340.7M	$924.5M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5090	+0.013%	$124.6M	$860.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5116	+0.186%	$561K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5095	+0.046%	$114K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5087	−0.010%	$1.6M	$161K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5085	−0.020%	$367.2M	$150.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5084	−0.027%	$291.6M	$890.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5081	−0.045%	$106.2M	$170.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5081	−0.046%	$265.8M	$379.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5087	−0.007%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5143	+0.365%	$6.1M	$35.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5088	+0.003%	$655K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5115	+0.179%	$1.1M	$35.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5094	+0.040%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5095	+0.045%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5086	−0.013%	$41K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5087	−0.007%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5139	+0.336%	$815K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5135	+0.311%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5132	+0.292%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5134	+0.304%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5122	+0.225%	$53.9M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5092	+0.029%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5086	−0.014%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5133	+0.297%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0147%	1h	1.5136	+0.318%	$7.7M	$25.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5081	−0.045%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5132	+0.292%	$5.6M	$46.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0250%	1h	1.5129	+0.272%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5128	+0.268%	$14.5M	$72.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5139	+0.340%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0356%	8h	1.5130	+0.278%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5094	+0.037%	$525K	$787K	10x	as long as short
Aftermath Perps XRPUSDshort	+0.0757%	1h	1.5116	+0.188%	$2K	$14K	10x