Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against Derive−0.002%7-day average +0.013% · you buy dearer than you sell

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

Long on Derive Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.002%, 7d avg +0.013%

Together, before fees+0.216%+ Points / potential airdropParadex: Active · farm board+$22 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.5109	0.0100	pay 0.0013% / 1h	53m 30s	$813K	$72K	10x
Short	Paradex XRP-USD-PERP	1.5109	0.0100	get 0.0100% / 8h	2h 53m	$471K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Derive. 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 DerivebpFee ParadexbpOrdersPrice spread, now −0.002%Rate

Funding earned: $0
Price spread: −0.002% → +0.013%: −$1.51
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$11.51
Costs to cover: 0.100%
Break-even: 95411516.0 days

Slippage unknown: Derive: no order-book sample; Paradex: live order book, 61 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 Derive no order-book sample	—	—	—	—	—
Sell Paradex live order book, 61 min ago	4.61 bp	6.6 bp −$7	155.8 bp −$1,558	doesn't fit	doesn't fit

Derive: 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	1.5107	−0.013%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5111	+0.016%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5102	−0.049%	$1.1M	$115K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5120	+0.074%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5114	+0.034%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5108	−0.008%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.986%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5111	+0.014%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5108	−0.004%	$792K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5114	+0.034%	$2.8M	$14.8M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5116	+0.047%	$497K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5106	−0.019%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5111	+0.011%	$941K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5117	+0.054%	$290.6M	$257.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5106	−0.019%	$38.7M	$86.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5110	+0.007%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5107	−0.010%	$531.1M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5106	−0.019%	$341.7M	$950.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5108	−0.006%	$125.1M	$887.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5124	+0.100%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5113	+0.027%	$137K	$717K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5106	−0.019%	$372.3M	$155.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5111	+0.014%	$294.1M	$904.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5110	+0.007%	$107.9M	$179.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5107	−0.013%	$268.1M	$392.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5103	−0.039%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	+0.198%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	+0.026%	$656K	$111.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	+0.190%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5147	+0.252%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5109	+0.001%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5112	+0.021%	$50K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5111	+0.012%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5110	+0.007%	$62K	$934K	50x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5109	long leg	$813K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5115	+0.038%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5110	+0.007%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5114	+0.034%	$49.4M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5114	+0.034%	$53.9M	$31.7M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5107	−0.010%	$1.6M	$29K	20x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5109	−0.002%	$471K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5101	−0.049%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5106	−0.019%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0167%	8h	1.5123	+0.093%	$1.8M	$35.5M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5116	+0.047%	$5.7M	$48.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0195%	1h	1.5120	+0.074%	$2.0M	$1.4M	25x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5109	+0.002%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5121	+0.080%	$24.2M	$75.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5109	+0.003%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5111	+0.017%	$515K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0644%	1h	1.5120	+0.071%	$2K	$15K	10x	as long as short