Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Paradex against Bybit+0.033%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$260.255% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.005%+$1 on $10k
Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.033%, 7d avg +0.021%
Together, before fees+0.015%+ Points / potential airdropParadex: Active · farm board+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XRPUSDT1.51490.0100pay 0.0100% / 8h6h 03m$341.8M$927.8M100x
ShortParadex XRP-USD-PERP1.51540.0100get 0.0100% / 8h6h 03m$472K$55K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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

Funding earned
$0
Price spread: +0.033% → +0.021%
$1.2
Slippage, 4 orders
−$10.51
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$24.31
Costs to cover
0.255%
Break-even
596704.1 days
Slippage from Bybit: live order book, 6 min ago; Paradex: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 6 min ago0.33 bp6.4 bp −$67.6 bp −$7613.5 bp −$1,35325.4 bp −$12.7K
Sell Paradex live order book, 1 min ago4.61 bp6.6 bp −$7157.9 bp −$1,579doesn't fitdoesn't fit

XRP on 50 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5153+0.026%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5146−0.020%$1.1M$110K10xas long as short
Phoenix XRP0.0000%1h1.5140−0.059%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5158+0.059%$254K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0024% / S +0.0053%1h1.5157+0.053%$801K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.713%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5155+0.039%$14.5M$72.7M50xas long as short
Orderly PERP_XRP_USDC+0.0074%8h1.5159+0.066%$62K$935K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5157+0.053%$7.6M$25.0M50xas long as short
Lighter XRP+0.0096%1h1.5155+0.037%$2.8M$14.4M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5153+0.026%$510K$3.3M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5143−0.040%$10K$299K20xas long as short
Nado XRP-PERP+0.0100%1h1.5147−0.010%$972K$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5156+0.045%$38.4M$83.4M100xas long as short
Pacifica XRP+0.0100%1h1.5151+0.013%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.51490.000%$536.9M$2.09B100xas long as short
Bybit XRPUSDTlong+0.0100%8h1.5149long leg$341.8M$927.8M100x
OKX XRP-USDT-SWAP+0.0100%8h1.5147−0.013%$124.8M$864.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5128−0.139%$563K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5153+0.026%$115K$693K20xas long as short
Bulk XRP-USD+0.0100%1h1.5144−0.033%$1.6M$214K20xas long as short
Gate XRP_USDT+0.0100%8h1.5148−0.007%$368.4M$153.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5148−0.007%$294.0M$919.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5148−0.007%$106.8M$170.3M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5148−0.007%$267.2M$380.4M125xas long as short
BingX XRP-USDC+0.0100%8h1.5154+0.033%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5141−0.054%$6.3M$35.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5131−0.118%$657K$109.4M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5161+0.079%$1.1M$36.6M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5137−0.079%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5153+0.024%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5165+0.106%$44K$445K20xas long as short
Bullet XRP-USD+0.0100%1h1.5159+0.066%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5162+0.088%$816K$75K10xas long as short
SunX XRP-USDT+0.0100%8h1.5168+0.122%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5157+0.053%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5159+0.068%$49.7M$15.3M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5157+0.053%$53.9M$29.9M50xas long as short
Paradex XRP-USD-PERPshort+0.0100%8h1.5154+0.033%$472K$55K50x
Extended XRP-USD+0.0104%1h1.5146−0.021%$2.0M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5155+0.043%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0136%1h1.51490.000%$8K$8K10xas long as short
Hyperliquid XRP+0.0161%1h1.5169+0.132%$280.4M$219.3M20xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5161+0.080%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5164+0.099%$5.7M$46.6M50xas long as short
Hibachi XRP/USDT-P+0.0328%1h1.5146−0.022%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0333%1h1.5166+0.112%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0359%8h1.5168+0.125%$2.1M$35.2M2.9xas long as short
RISEx XRP/USDC+0.0456%1h1.5154+0.031%$529K$787K10xas long as short
Aftermath Perps XRPUSD+0.0745%1h1.5145−0.023%$2K$14K10xas long as short