Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.031%

Price spread now: Paradex against Coinbase International+0.104%7-day average −0.011% · 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−$22as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.402%+$40 · spread now +0.104%, 7d avg −0.011%

Together, before fees+0.351%+ Points / potential airdropParadex: Active · farm board+$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Paradex is 0.115% dearer against Coinbase International than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of −0.011%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5502	0.0160	pay 0.0020% / 1h	1m 53s	$5.3M	$46.4M	50x
Short	Paradex XRP-USD-PERP	1.5518	0.0100	get 0.0100% / 8h	7h 01m	$484K	$52K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$12.62
Price spread: +0.104% → −0.011%: $11.51
Slippage, 4 orders: −$19.06
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$34.17
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Paradex: live order book, 32 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 Coinbase International live order book, 2 min ago	0.64 bp	7.2 bp −$7	10.4 bp −$104	28.0 bp −$2,796	doesn't fit
Sell Paradex live order book, 32 min ago	7.25 bp	9.3 bp −$9	145.5 bp −$1,455	doesn't fit	doesn't fit

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
Kraken Futures PF_XRPUSD	−0.0168%	1h	1.5502	−0.003%	$14.2M	$73.6M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5524	+0.142%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5490	−0.077%	$70K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5504	+0.013%	$8.0M	$22.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5500	−0.014%	$252K	—	150x	as long as short
dYdX XRP-USD	+0.0005%	1h	1.5513	+0.068%	$1.1M	$155K	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.374%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0056%	1h	1.5535	+0.216%	$18K	$78K	7x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5502	0.000%	$9K	$2K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5499	−0.020%	$2.8M	$14.8M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5505	+0.019%	$628K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5508	+0.039%	$20K	$378K	20x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5518	+0.104%	$484K	$52K	50x
Nado XRP-PERP	+0.0100%	1h	1.5505	+0.023%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5486	−0.103%	$39.2M	$82.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5516	+0.088%	$628K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5482	−0.129%	$541.3M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5479	−0.148%	$359.9M	$910.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5482	−0.129%	$125.9M	$850.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5449	−0.342%	$567K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5516	+0.090%	$162K	$698K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5432	−0.450%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5489	−0.084%	$388.7M	$160.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5487	−0.097%	$312.7M	$944.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5489	−0.083%	$109.9M	$180.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5487	−0.097%	$274.7M	$361.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5486	−0.103%	—	$105.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5506	+0.025%	$4.9M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5483	−0.123%	$674K	$113.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5525	+0.149%	$1.1M	$32.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5485	−0.110%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5513	+0.068%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5507	+0.032%	$53K	$502K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5507	+0.032%	$42K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5503	+0.006%	$78K	$623K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5503	+0.008%	$130K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5498	−0.026%	$31K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5492	−0.066%	$50.6M	$14.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5497	−0.032%	$55.1M	$33.2M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5484	−0.114%	$2.1M	$5.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5500	−0.013%	$60K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0143% / S −0.0109%	1h	1.5498	−0.028%	$831K	—	200x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0160%	1h	1.5502	long leg	$5.3M	$46.4M	50x
Kalshi KXXRPPERP	+0.0171%	8h	1.5517	+0.097%	$1.8M	$33.0M	2.9x	as long as short
Hyperliquid XRP	+0.0196%	1h	1.5517	+0.097%	$299.6M	$265.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5528	+0.168%	$23.9M	$79.2M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5495	−0.045%	$1.4M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0237%	1h	1.5508	+0.039%	$2.0M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5535	+0.211%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0478%	1h	1.5471	−0.203%	$3K	$15K	10x	as long as short