Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Paradex against GRVT+0.104%7-day average −0.008% · 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−$12as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on GRVT Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.419%−$42 · spread now +0.104%, 7d avg −0.008%

Together, before fees−0.420%+ Points / potential airdropGRVT: Active · Paradex: Active · farm board−$42 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 0.113% dearer against GRVT than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT XRP_USDT_Perp	1.5429	0.0100	pay 0.0100% / 8h	4h 09m	$1.1M	$32.4M	20x
Short	Paradex XRP-USD-PERP	1.5446	0.0100	get 0.0100% / 8h	4h 09m	$482K	$47K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against GRVT. 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 GRVTbpFee ParadexbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$0.07
Price spread: +0.104% → −0.008%: $11.27
Slippage, 4 orders: −$10.07
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$11.87
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Paradex: live order book, 33 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 GRVT live order book, 3 min ago	0.32 bp	4.8 bp −$5	7.2 bp −$72	52.7 bp −$5,268	doesn't fit
Sell Paradex live order book, 33 min ago	4.24 bp	6.2 bp −$6	155.9 bp −$1,559	doesn't fit	doesn't fit

XRP on 51 exchanges

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	1.5387	−0.275%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0076%	1h	1.5410	−0.123%	$13.7M	$67.2M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5438	+0.057%	$1.1M	$154K	10x	as long as short
Kalshi KXXRPPERP	0.0000%	8h	1.5428	−0.009%	$1.9M	$36.1M	2.9x	as long as short
Phoenix XRP	0.0000%	1h	1.5440	+0.068%	$72K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5412	−0.113%	$7.8M	$19.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5413	−0.109%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.846%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5438	+0.055%	$9K	$987	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5448	+0.117%	$2.8M	$13.8M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5447	+0.114%	$575K	$3.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5414	−0.100%	$5.5M	$40.8M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5446	+0.104%	$482K	$47K	50x
Katana Perps XRP-USD	+0.0100%	8h	1.5435	+0.036%	$12K	$451K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5441	+0.078%	$841K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5454	+0.159%	$301.0M	$261.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5435	+0.033%	$39.2M	$79.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5445	+0.102%	$595K	$934K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5431	+0.008%	$539.5M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5430	+0.003%	$366.9M	$841.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5433	+0.023%	$125.6M	$823.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5421	−0.055%	$568K	$44K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5441	+0.075%	$160K	$633K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5432	+0.016%	$1.6M	$58K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5442	+0.081%	$375.6M	$161.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5441	+0.075%	$318.4M	$896.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5444	+0.096%	$105.6M	$180.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5435	+0.036%	$272.6M	$343.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5442	+0.081%	—	$94.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5420	−0.060%	$5.1M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5441	+0.076%	$671K	$103.4M	30x	as long as short
GRVT XRP_USDT_Perplong	+0.0100%	8h	1.5429	long leg	$1.1M	$32.4M	20x
ApeX Omni XRPUSDT	+0.0100%	1h	1.5432	+0.016%	$1.2M	$1.2M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5436	+0.042%	$51K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5413	−0.107%	$42K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5406	−0.152%	$83K	$570K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5408	−0.139%	$829K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5409	−0.133%	$129K	$1.4M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5408	−0.139%	$30K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5413	−0.110%	$50.2M	$12.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5411	−0.120%	$55.3M	$33.8M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5437	+0.050%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5436	+0.043%	$2.2M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5404	−0.168%	$59K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5433	+0.020%	$17K	$67K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0182%	1h	1.5419	−0.068%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5427	−0.016%	$23.8M	$78.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0225%	1h	1.5430	+0.007%	$1.4M	$2K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0290% / S −0.0247%	1h	1.5413	−0.104%	$1.2M	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5443	+0.085%	$510K	$685K	10x	as long as short
Aftermath Perps XRPUSD	+0.0421%	1h	1.5423	−0.041%	$3K	$13K	10x	as long as short