Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against Pacifica−0.260%61s7-day average −0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$240.236% of the position

Long on Pacifica Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.243%+$24 · spread now −0.260%, 7d avg −0.002%

Together, before fees+0.235%+ Points / potential airdropPacifica: Active · Paradex: Active · farm board+$23 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 0.259% cheaper against Pacifica than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5207	0.0100	pay 0.0013% / 1h	54m 42s	$612K	$1.1M	20x
Short	Paradex XRP-USD-PERP	1.5168	0.0100	get 0.0100% / 8h	7h 54m	$473K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Pacifica. 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 PacificabpFee ParadexbpOrdersPrice spread, now −0.260%Rate

Funding earned: $0
Price spread: −0.260% → −0.002%: −$25.85
Slippage, 4 orders: −$11.65
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$49.5
Costs to cover: 0.236%
Break-even: 861105.6 days

Slippage from Pacifica: live order book, 4 min ago; Paradex: live order book, 44 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 Pacifica live order book, 4 min ago	0.33 bp	5.5 bp −$5	7.4 bp −$74	doesn't fit	doesn't fit
Sell Paradex live order book, 44 min ago	4.93 bp	6.9 bp −$7	152.6 bp −$1,526	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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5184	−0.153%	$14.3M	$74.4M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5188	−0.128%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5209	+0.010%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5169	−0.253%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5173	−0.226%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.318%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5205	−0.019%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5211	+0.023%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5213	+0.037%	$607K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5158	−0.325%	$20K	$382K	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	1.5164	−0.282%	$995K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5209	+0.013%	$38.6M	$86.0M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5207	long leg	$612K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5209	+0.008%	$530.5M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5200	−0.049%	$352.6M	$949.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5200	−0.049%	$126.9M	$864.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5203	−0.029%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5172	−0.233%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.118%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5214	+0.043%	$379.5M	$151.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5205	−0.016%	$312.4M	$911.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5215	+0.050%	$106.6M	$183.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5211	+0.023%	$269.7M	$388.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5211	+0.023%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5181	−0.174%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5193	−0.098%	$660K	$112.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5189	−0.123%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5173	−0.226%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5177	−0.200%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5167	−0.266%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5173	−0.226%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5168	−0.259%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	−0.006%	$818K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5169	−0.256%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5179	−0.187%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5188	−0.127%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5190	−0.115%	$54.1M	$32.5M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5168	−0.260%	$473K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5209	+0.012%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5168	−0.263%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0112% / S −0.0075%	1h	1.5172	−0.236%	$786K	—	200x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5165	−0.279%	$8K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5186	−0.141%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0163%	8h	1.5175	−0.213%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0203%	1h	1.5225	+0.115%	$290.7M	$267.6M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5190	−0.115%	$23.9M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5165	−0.281%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0247%	1h	1.5200	−0.049%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5167	−0.263%	$520K	$796K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−0.180%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0553%	1h	1.5181	−0.173%	$2K	$16K	10x	as long as short