Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%

Price spread now: Paradex against Hotstuff+0.012%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Paradex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff XRP-PERP	1.5325	−0.0080	get 0.0010% / 1h	37m 22s	$7K	$2K	20x
Short	Paradex XRP-USD-PERP	1.5327	0.0100	get 0.0100% / 8h	7h 37m	$478K	$54K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Hotstuff. 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 HotstuffbpFee ParadexbpOrdersPrice spread, now +0.012%Rate

Funding earned: $37.8
Price spread: +0.012% → 0.000%: $1.25
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: $30.05
Costs to cover: 0.090%
Break-even: 1.4 days

Slippage unknown: Hotstuff: no order-book sample; Paradex: live order book, 37 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Paradex live order book, 37 min ago	4.89 bp	6.9 bp −$7	138.3 bp −$1,383	doesn't fit	doesn't fit

Hotstuff: 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-PERPlong	−0.0080%	1h	1.5325	long leg	$7K	$2K	20x
dYdX XRP-USD	0.0000%	1h	1.5324	−0.009%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5328	+0.020%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0012% / S +0.0082%	1h	1.5330	+0.030%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.533%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5332	+0.046%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5333	+0.052%	$9.3M	$25.2M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5333	+0.053%	$2.8M	$13.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5333	+0.052%	$513K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5327	+0.013%	$10K	$278K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5327	+0.012%	$478K	$54K	50x
Nado XRP-PERP	+0.0100%	1h	1.5328	+0.016%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5330	+0.035%	$38.8M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5329	+0.024%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5335	+0.064%	$539.7M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5332	+0.046%	$341.6M	$923.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5331	+0.039%	$125.0M	$869.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5328	+0.020%	$570K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5329	+0.026%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.190%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5334	+0.059%	$373.7M	$149.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5334	+0.059%	$307.5M	$901.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5332	+0.046%	$108.8M	$165.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5331	+0.039%	$268.2M	$375.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5332	+0.046%	—	$123.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5316	−0.058%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5307	−0.115%	$665K	$107.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5296	−0.189%	$1.1M	$39.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5306	−0.124%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5323	−0.010%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5336	+0.072%	$49K	$443K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5334	+0.056%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5333	+0.051%	$825K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5334	+0.058%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5332	+0.046%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5320	−0.033%	$50.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5337	+0.078%	$54.5M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5328	+0.021%	$2.1M	$7.1M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5330	+0.033%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5330	+0.035%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5331	+0.041%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5329	+0.026%	$24.0M	$74.3M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5338	+0.085%	$5.8M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5330	+0.033%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0272%	1h	1.5314	−0.072%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5300	−0.160%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5306	−0.124%	$2.0M	$35.1M	2.9x	as long as short
Hyperliquid XRP	+0.0406%	1h	1.5347	+0.144%	$289.9M	$214.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	+0.163%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0791%	1h	1.5327	+0.012%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5334	+0.056%	$507K	$755K	10x	as long as short