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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +11.0% APRpaid last 24h +0.030%
Price spread now: Paradex against dYdX+0.049%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$600.598% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.109%+$11 on $10k
Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.049%, 7d avg +0.016%
Together, before fees+0.094%+ Points / potential airdropParadex: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Paradex is 0.034% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XRP-USD1.52250get 0.0000% / 1h3m 27s$1.1M$148K10x
ShortParadex XRP-USD-PERP1.52320.0100get 0.0100% / 8h1h 03m$475K$55K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against dYdX. 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
$21
Price spread: +0.049% → +0.016%
$3.38
Slippage, 4 orders
−$45.82
Fee dYdX: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$35.44
Costs to cover
0.598%
Break-even
18.8 days
Slippage from dYdX: live order book, 1 min ago; Paradex: live order book, 41 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 dYdX live order book, 1 min ago17.09 bp24.5 bp −$2435.8 bp −$35838.0 bp −$3,80377.5 bp −$38.7K
Sell Paradex live order book, 41 min ago4.62 bp6.6 bp −$7146.9 bp −$1,469doesn't fitdoesn't fit

XRP on 51 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%1h1.5226+0.007%$5K$3K20xas long as short
dYdX XRP-USDlong0.0000%1h1.5225long leg$1.1M$148K10x
Phoenix XRP0.0000%1h1.5230+0.033%$68K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5219−0.036%$246K150xas long as short
Kraken Futures PF_XRPUSD+0.0024%1h1.5221−0.024%$14.5M$74.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.201%$2K$107K30xas long as short
Deribit XRP_USDC-PERPETUAL+0.0079%1h1.52250.000%$7.8M$24.5M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0093% / S −0.0048%1h1.5220−0.034%$786K200xas long as short
Lighter XRP+0.0096%1h1.5228+0.020%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5228+0.020%$546K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0099%8h1.5222−0.019%$11K$370K20xas long as short
Nado XRP-PERP+0.0100%1h1.52250.000%$1.0M$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5223−0.011%$38.6M$87.2M100xas long as short
Pacifica XRP+0.0100%1h1.5229+0.026%$617K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5224−0.009%$534.2M$2.21B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5231+0.040%$349.3M$960.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5234+0.059%$128.1M$881.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5220−0.033%$567K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5235+0.066%$145K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5223−0.011%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.52250.000%$378.0M$162.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5223−0.013%$313.2M$933.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5230+0.034%$108.3M$183.3M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5229+0.027%$269.3M$395.7M125xas long as short
BingX XRP-USDC+0.0100%8h1.5222−0.019%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5235+0.065%$4.8M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5225+0.002%$662K$114.0M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5225+0.003%$1.1M$35.3M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5227+0.013%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5229+0.029%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5231+0.040%$50K$510K20xas long as short
Bullet XRP-USD+0.0100%1h1.5222−0.018%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5233+0.053%$75K$686K50xas long as short
Derive XRP-PERP+0.0100%1h1.5224−0.006%$819K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5230+0.030%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5222−0.019%$29K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5224−0.006%$49.7M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5227+0.013%$54.5M$32.4M50xas long as short
Paradex XRP-USD-PERPshort+0.0100%8h1.5232+0.049%$475K$55K50x
Extended XRP-USD+0.0104%1h1.5222−0.017%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5232+0.048%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0120%1h1.5237+0.079%$9K$2K10xas long as short
Hibachi XRP/USDT-P+0.0120%1h1.5221−0.027%$17K$79K7xas long as short
Backpack XRP_USDC_PERP+0.0172%1h1.5234+0.059%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5226+0.007%$5.7M$48.3M50xas long as short
Kalshi KXXRPPERP+0.0217%8h1.52250.000%$1.8M$34.8M2.9xas long as short
Hyperliquid XRP+0.0218%1h1.5239+0.092%$290.3M$266.6M20xas long as short
Reya XRPRUSDPERP+0.0219%1h1.5222−0.018%$1.3M$4K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5227+0.013%$23.7M$78.0M125xas long as short
RISEx XRP/USDC+0.0316%1h1.5234+0.057%$530K$806K10xas long as short
Aftermath Perps XRPUSD+0.0706%1h1.5236+0.073%$2K$16K10xas long as short