Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0078%/8h= +8.6% APRpaid last 24h −0.022%

Price spread now: Paradex against Kraken Futures+0.035%7-day average +0.009% · 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−$28as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Kraken Futures Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.076%−$8 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now +0.035%, 7d avg +0.009%

Together, before fees+0.068%+ Points / potential airdropParadex: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.027% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.009%. Mind the row above: over the last 4 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5192	0.0022	pay 0.0003% / 1h	21m 01s	$14.5M	$74.6M	50x
Short	Paradex XRP-USD-PERP	1.5198	0.0100	get 0.0100% / 8h	3h 21m	$474K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now +0.035%Rate

Funding earned: $16.48
Price spread: +0.035% → +0.009%: $2.69
Slippage, 4 orders: −$17.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$11.99
Costs to cover: 0.312%
Break-even: 12.1 days

Slippage from Kraken Futures: 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 Kraken Futures live order book, 3 min ago	1.32 bp	9.2 bp −$9	11.0 bp −$110	18.7 bp −$1,868	38.4 bp −$19.2K
Sell Paradex live order book, 33 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	1.5197	+0.031%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5199	+0.043%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5193	+0.005%	$7.8M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5186	−0.040%	$259K	—	150x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0022%	1h	1.5192	long leg	$14.5M	$74.6M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.420%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5187	−0.037%	$793K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5188	−0.028%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5188	−0.028%	$497K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5195	+0.018%	$9K	$350K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5204	+0.074%	$987K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5170	−0.147%	$38.7M	$85.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5202	+0.065%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5171	−0.140%	$535.7M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5174	−0.120%	$345.3M	$945.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5172	−0.133%	$126.7M	$884.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5187	−0.035%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5201	+0.057%	$138K	$720K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−0.183%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5171	−0.140%	$372.1M	$156.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5167	−0.166%	$295.4M	$906.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5172	−0.135%	$109.3M	$177.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5170	−0.147%	$269.3M	$390.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5176	−0.107%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	−0.036%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5162	−0.199%	$658K	$110.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5166	−0.175%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5170	−0.147%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5184	−0.057%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5194	+0.011%	$46K	$478K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5187	−0.037%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5188	−0.028%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5189	−0.025%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5192	−0.001%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5189	−0.022%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5186	−0.040%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5185	−0.048%	$54.0M	$31.2M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5198	+0.035%	$474K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5165	−0.177%	$2.0M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5187	−0.037%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5204	+0.077%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5196	+0.025%	$5.8M	$48.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5192	−0.002%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5181	−0.074%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0258%	1h	1.5183	−0.061%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5150	−0.280%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0277%	8h	1.5195	+0.018%	$1.9M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5201	+0.059%	$518K	$776K	10x	as long as short
Hyperliquid XRP	+0.0411%	1h	1.5187	−0.035%	$298.6M	$250.7M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	−0.015%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0646%	1h	1.5180	−0.083%	$2K	$15K	10x	as long as short