Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Paradex against Aevo−0.063%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.063% cheaper against Aevo than usual: you would sell low and buy high, −$6 on $10k if it 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	Aevo XRP-PERP	1.5547	0.0104	pay 0.0013% / 1h	25m 13s	$72K	$40K	3x
Short	Paradex XRP-USD-PERP	1.5537	0.0100	get 0.0100% / 8h	1h 25m	$484K	$54K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$0.81
Price spread: −0.063% → 0.000%: −$6.34
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$27.15
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Paradex: live order book, 59 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 Aevo no order-book sample	—	—	—	—	—
Sell Paradex live order book, 59 min ago	4.24 bp	6.2 bp −$6	158.2 bp −$1,582	doesn't fit	doesn't fit

Aevo: 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	1.5536	−0.068%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5542	−0.031%	$1.1M	$114K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5553	+0.041%	$9.6M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5548	+0.011%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.651%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5555	+0.052%	$15.5M	$68.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0053% / S +0.0122%	1h	1.5549	+0.016%	$1.1M	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5547	+0.003%	$76K	$946K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5557	+0.065%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5543	−0.023%	$440K	$3.2M	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	1.5545	−0.007%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5557	+0.065%	$39.5M	$78.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5542	−0.031%	$640K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5551	+0.028%	$559.5M	$1.97B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5549	+0.015%	$348.5M	$894.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5547	+0.003%	$127.6M	$879.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5528	−0.120%	$578K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5554	+0.048%	$119K	$740K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5551	+0.028%	$374.2M	$140.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5551	+0.028%	$293.7M	$852.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5550	+0.019%	$113.6M	$158.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5549	+0.015%	$271.3M	$362.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5549	+0.015%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5537	−0.065%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5495	−0.330%	$675K	$101.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5534	−0.083%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5504	−0.274%	$1.0M	$882K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5553	+0.041%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5550	+0.022%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5549	+0.018%	$837K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5562	+0.096%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5551	+0.028%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5549	+0.015%	$51.0M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5554	+0.048%	$55.3M	$29.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	−0.450%	$1.7M	$578K	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5546	−0.002%	—	$10K	10x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5537	−0.063%	$484K	$54K	50x
Katana Perps XRP-USD	+0.0101%	8h	1.5544	−0.017%	$12K	$259K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5548	+0.006%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERPlong	+0.0104%	1h	1.5547	long leg	$72K	$40K	3x
01 Exchange XRPUSD	+0.0176%	1h	1.5552	+0.035%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5531	−0.099%	$18K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5548	+0.007%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5560	+0.086%	$5.8M	$47.2M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5554	+0.048%	$24.6M	$73.7M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0275%	1h	1.5545	−0.010%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5556	+0.060%	$1.9M	$32.8M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5480	−0.428%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5559	+0.083%	$510K	$629K	10x	as long as short
Hyperliquid XRP	+0.0601%	1h	1.5569	+0.144%	$291.4M	$203.0M	20x	as long as short
Aftermath Perps XRPUSD	+0.0735%	1h	1.5543	−0.024%	$1K	$11K	10x	as long as short