Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Paradex against HTX−0.038%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on HTX 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)+0.370%+$37 · spread now −0.038%, 7d avg +0.056%

Together, before fees+0.369%+ Points / potential airdropParadex: Active · farm board+$37 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 0.095% cheaper against HTX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5233	0.0100	pay 0.0100% / 8h	3h 52m	$49.8M	$15.7M	75x
Short	Paradex XRP-USD-PERP	1.5228	0.0100	get 0.0100% / 8h	3h 52m	$475K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against HTX. 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 HTXbpFee ParadexbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → +0.056%: −$9.49
Slippage, 4 orders: −$11.03
Fee HTX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$36.52
Costs to cover: 0.270%
Break-even: 18630088.3 days

Slippage from HTX: live order book, 2 min ago; Paradex: live order book, 2 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 HTX live order book, 2 min ago	0.69 bp	6.7 bp −$7	9.2 bp −$92	42.0 bp −$4,201	145.5 bp −$72.7K
Sell Paradex live order book, 2 min ago	4.61 bp	6.6 bp −$7	155.8 bp −$1,558	doesn't fit	doesn't fit

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	1.5209	−0.161%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5224	−0.060%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	−0.051%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5226	−0.049%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5219	−0.094%	$14.4M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.143%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0050% / S +0.0017%	1h	1.5224	−0.065%	$782K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5222	−0.073%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5237	+0.023%	$500K	$3.3M	20x	as long as short
Orderly PERP_XRP_USDC	+0.0097%	8h	1.5229	−0.030%	$62K	$934K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0098%	8h	1.5238	+0.030%	$12K	$338K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5243	+0.061%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5227	−0.042%	$38.5M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5230	−0.026%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5251	+0.118%	$536.1M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5260	+0.174%	$349.3M	$941.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5257	+0.154%	$127.6M	$888.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.391%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5245	+0.075%	$119K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.345%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5241	+0.049%	$373.0M	$153.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5236	+0.016%	$292.1M	$897.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5239	+0.035%	$109.0M	$176.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5242	+0.056%	$269.7M	$388.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5242	+0.056%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	−0.621%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5166	−0.440%	$659K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	−0.627%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5184	−0.325%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5225	−0.058%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5232	−0.010%	$44K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5227	−0.042%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5228	−0.039%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5231	−0.017%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5225	−0.056%	$29K	$1.7M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5233	long leg	$49.8M	$15.7M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5226	−0.049%	$54.3M	$31.1M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5228	−0.038%	$475K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5222	−0.074%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5224	−0.064%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5248	+0.095%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5225	−0.056%	$5.6M	$47.5M	50x	as long as short
Hyperliquid XRP	+0.0197%	1h	1.5256	+0.149%	$291.5M	$233.3M	20x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5232	−0.008%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5200	−0.220%	$24.2M	$76.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0232%	1h	1.5206	−0.178%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5231	−0.016%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0315%	1h	1.5247	+0.089%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5246	+0.082%	$519K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	−0.482%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0646%	1h	1.5172	−0.404%	$2K	$15K	10x	as long as short