Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Paradex against OKX−0.005%7-day average +0.022% · 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−$27as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on OKX 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)+0.088%+$9 · spread now −0.005%, 7d avg +0.022%

Together, before fees+0.096%+ Points / potential airdropParadex: Active · farm board+$10 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 0.026% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XRP-USDT-SWAP	1.5415	0.0100	pay 0.0100% / 8h	2h 03m	$125.5M	$849.0M	100x
Short	Paradex XRP-USD-PERP	1.5414	0.0100	get 0.0100% / 8h	2h 03m	$481K	$54K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against OKX. 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 OKXbpFee ParadexbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0.02
Price spread: −0.005% → +0.022%: −$2.62
Slippage, 4 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$26.6
Costs to cover: 0.240%
Break-even: 10445.5 days

Slippage from OKX: live order book, 5 min ago; Paradex: live order book, 20 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 OKX live order book, 5 min ago	0.32 bp	5.8 bp −$6	7.8 bp −$78	17.6 bp −$1,757	34.8 bp −$17.4K
Sell Paradex live order book, 20 min ago	4.24 bp	6.2 bp −$6	158.2 bp −$1,582	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	1.5398	−0.110%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5405	−0.067%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5450	+0.227%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5391	−0.154%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5397	−0.117%	$9.4M	$24.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.811%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0048%	8h	1.5395	−0.130%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0076% / S +0.0164%	1h	1.5390	−0.161%	$906K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5413	−0.011%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5415	0.000%	$445K	$3.1M	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	1.5391	−0.152%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5411	−0.026%	$39.2M	$73.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5418	+0.017%	$673K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5416	+0.005%	$554.5M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5415	0.000%	$346.9M	$853.3M	100x	as long as short
OKX XRP-USDT-SWAPlong	+0.0100%	8h	1.5415	long leg	$125.5M	$849.0M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	−0.143%	$573K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5422	+0.045%	$121K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.367%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5410	−0.032%	$367.6M	$134.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5412	−0.019%	$286.6M	$825.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5414	−0.007%	$112.1M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5413	−0.013%	$267.2M	$347.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5404	−0.071%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	−0.034%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5443	+0.183%	$671K	$95.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5404	−0.068%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5410	−0.032%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5392	−0.148%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5396	−0.123%	$51K	$438K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5394	−0.137%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5392	−0.152%	$829K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5398	−0.109%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5393	−0.143%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5389	−0.169%	$50.6M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5393	−0.143%	$55.0M	$28.3M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5414	−0.005%	$481K	$54K	50x
Katana Perps XRP-USD	+0.0101%	8h	1.5398	−0.110%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5410	−0.034%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5393	−0.146%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5400	−0.097%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5393	−0.144%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5401	−0.091%	$5.6M	$44.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0199%	1h	1.5401	−0.091%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5392	−0.149%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5396	−0.123%	$24.2M	$69.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5414	−0.006%	$1.8M	$31.9M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5387	−0.180%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5395	−0.127%	$404K	$498K	10x	as long as short
Hyperliquid XRP	+0.0515%	1h	1.5429	+0.091%	$284.1M	$190.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5417	+0.010%	$1K	$11K	10x	as long as short