Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against Bulk+0.059%7-day average −0.003% · 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−$210.214% of the position

Long on Bulk Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.059%, 7d avg −0.003%

Together, before fees−0.031%+ Points / potential airdropParadex: Active · farm board−$3 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: Paradex is 0.062% dearer against Bulk than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5296	0.0100	pay 0.0013% / 1h	37m 53s	$1.6M	$517K	20x
Short	Paradex XRP-USD-PERP	1.5305	0.0100	get 0.0100% / 8h	7h 37m	$477K	$54K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bulk. 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 BulkbpFee ParadexbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.003%: $6.19
Slippage, 4 orders: −$10.43
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$15.24
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from Bulk: live order book, 1 min ago; Paradex: live order book, 36 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 Bulk live order book, 1 min ago	0.33 bp	3.8 bp −$4	5.9 bp −$59	12.7 bp −$1,272	31.8 bp −$15.9K
Sell Paradex live order book, 36 min ago	4.89 bp	6.9 bp −$7	138.3 bp −$1,383	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	1.5300	+0.027%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5292	−0.026%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5298	+0.014%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0012% / S +0.0082%	1h	1.5297	+0.009%	$839K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.727%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5300	+0.027%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0077%	1h	1.5303	+0.047%	$9.3M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5302	+0.040%	$2.8M	$13.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5308	+0.079%	$512K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5300	+0.027%	$10K	$278K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5305	+0.059%	$477K	$54K	50x
Nado XRP-PERP	+0.0100%	1h	1.5297	+0.011%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5306	+0.065%	$38.7M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5301	+0.034%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5319	+0.149%	$539.2M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5320	+0.158%	$341.2M	$923.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5320	+0.158%	$124.8M	$871.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5328	+0.210%	$570K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5308	+0.079%	$118K	$712K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5296	long leg	$1.6M	$517K	20x
Gate XRP_USDT	+0.0100%	8h	1.5310	+0.093%	$373.1M	$149.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5311	+0.099%	$306.1M	$900.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5306	+0.064%	$108.5M	$166.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5319	+0.151%	$267.9M	$375.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5305	+0.060%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5316	+0.133%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5315	+0.128%	$665K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5336	+0.263%	$1.1M	$39.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5315	+0.125%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5300	+0.025%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5304	+0.053%	$49K	$443K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5300	+0.029%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5303	+0.048%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5304	+0.053%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5301	+0.034%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5291	−0.030%	$50.2M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5299	+0.021%	$54.4M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5307	+0.071%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5300	+0.030%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5290	−0.038%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5299	+0.021%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5294	−0.012%	$24.0M	$74.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5309	+0.086%	$5.8M	$46.3M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5298	+0.016%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0272%	1h	1.5314	+0.119%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5302	+0.042%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5306	+0.066%	$2.0M	$35.1M	2.9x	as long as short
Hyperliquid XRP	+0.0406%	1h	1.5333	+0.243%	$289.6M	$214.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	+0.354%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0786%	1h	1.5315	+0.127%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5304	+0.055%	$506K	$755K	10x	as long as short