Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Paradex against Lighter RH−0.006%7-day average +0.005% · 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−$18as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on Lighter RH Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.006%, 7d avg +0.005%

Together, before fees+0.039%+ Points / potential airdropLighter RH: Points live · Paradex: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XRP	1.5153	0.0096	pay 0.0012% / 1h	5m 27s	$510K	$3.3M	20x
Short	Paradex XRP-USD-PERP	1.5152	0.0100	get 0.0100% / 8h	5h 05m	$472K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Lighter RH. 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 Lighter RHbpFee ParadexbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0.84
Price spread: −0.006% → +0.005%: −$1.15
Slippage, 4 orders: −$13.1
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$17.4
Costs to cover: 0.171%
Break-even: 152.0 days

Slippage from Lighter RH: live order book, 3 min ago; Paradex: live order book, 59 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 Lighter RH live order book, 3 min ago	1.32 bp	2.5 bp −$3	7.3 bp −$73	36.4 bp −$3,644	doesn't fit
Sell Paradex live order book, 59 min ago	4.61 bp	6.6 bp −$7	157.9 bp −$1,579	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	1.5156	+0.020%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5145	−0.050%	$1.1M	$110K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5152	−0.007%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5149	−0.025%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0031% / S +0.0036%	1h	1.5150	−0.019%	$832K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.686%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0056%	1h	1.5162	+0.059%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0077%	8h	1.5150	−0.020%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5150	−0.020%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRPlong	+0.0096%	1h	1.5153	long leg	$510K	$3.3M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5159	+0.040%	$10K	$311K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5159	+0.043%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5172	+0.125%	$281.8M	$223.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5155	+0.011%	$38.3M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5152	−0.007%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5152	−0.008%	$535.0M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5152	−0.007%	$345.4M	$930.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5151	−0.013%	$125.7M	$871.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5169	+0.106%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5160	+0.046%	$114K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5223	+0.462%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5155	+0.013%	$368.2M	$154.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5159	+0.040%	$297.4M	$904.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5160	+0.047%	$108.6M	$172.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5148	−0.033%	$268.9M	$381.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5149	−0.026%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5154	+0.004%	$5.9M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5173	+0.130%	$659K	$107.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5183	+0.198%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5189	+0.238%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5160	+0.045%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5161	+0.053%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5159	+0.040%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5151	−0.011%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5157	+0.026%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5156	+0.020%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5161	+0.054%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5161	+0.053%	$53.9M	$30.1M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5152	−0.006%	$472K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5145	−0.055%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5149	−0.026%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0178%	1h	1.5166	+0.086%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.5161	+0.054%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5158	+0.033%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5159	+0.040%	$5.6M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5179	+0.172%	$24.2M	$75.6M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5159	+0.039%	$14.3M	$73.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0339%	8h	1.5171	+0.119%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5165	+0.080%	$516K	$780K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.244%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0656%	1h	1.5186	+0.219%	$2K	$14K	10x	as long as short