Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against Paradex+0.171%7-day average −0.015% · 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−$4as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on Paradex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.171%, 7d avg −0.015%

Together, before fees−0.180%+ Points / potential airdropParadex: Active · farm board−$18 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: Arcus is 0.186% dearer against Paradex than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5260	0.0100	pay 0.0100% / 8h	4h 50m	$476K	$47K	50x
Short	Arcus XRP-USD	1.5286	0.0100	get 0.0013% / 1h	50m 22s	$163K	$689K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Paradex. 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 ParadexbpFee ArcusbpOrdersPrice spread, now +0.171%Rate

Funding earned: $0.09
Price spread: +0.171% → −0.015%: $18.58
Slippage, 4 orders: −$13.91
Fee Paradex: 2 bp × 2 orders: −$4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$3.74
Costs to cover: 0.224%
Break-even: 297.9 days

Slippage from Paradex: live order book, 57 min ago; Arcus: live order book, 56 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 Paradex live order book, 57 min ago	4.24 bp	6.2 bp −$6	148.3 bp −$1,483	doesn't fit	doesn't fit
Sell Arcus live order book, 56 min ago	0.33 bp	5.8 bp −$6	8.8 bp −$88	28.1 bp −$2,805	doesn't fit

XRP on 51 exchanges

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	1.5360	+0.656%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0077%	1h	1.5260	0.000%	$13.7M	$68.4M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5260	+0.004%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5310	+0.328%	$68K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5262	+0.014%	$7.6M	$19.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5293	+0.216%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.967%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5283	+0.151%	$9K	$987	10x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5261	+0.010%	$17K	$68K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5254	−0.037%	$2.7M	$13.4M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5260	+0.001%	$590K	$3.0M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5261	+0.007%	$5.4M	$41.5M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5260	long leg	$476K	$47K	50x
Katana Perps XRP-USD	+0.0100%	8h	1.5268	+0.053%	$10K	$411K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5292	+0.207%	$849K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5300	+0.263%	$297.1M	$260.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5291	+0.202%	$38.9M	$79.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5259	−0.008%	$587K	$985K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5294	+0.225%	$532.2M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5276	+0.106%	$359.0M	$853.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5273	+0.086%	$124.1M	$816.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5273	+0.086%	$561K	$37K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5286	+0.171%	$163K	$689K	20x
Bulk XRP-USD	+0.0100%	1h	1.5312	+0.338%	$1.6M	$66K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5292	+0.210%	$376.7M	$156.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5293	+0.217%	$314.8M	$875.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5290	+0.196%	$104.1M	$179.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5275	+0.099%	$269.8M	$346.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5287	+0.178%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5256	−0.023%	$4.9M	$37.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5305	+0.295%	$665K	$105.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5301	+0.270%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5316	+0.368%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5285	+0.164%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5294	+0.223%	$52K	$469K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5292	+0.209%	$41K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5274	+0.092%	$83K	$601K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5276	+0.108%	$822K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5270	+0.064%	$128K	$1.4M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5255	−0.032%	$29K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5259	−0.006%	$49.7M	$13.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5258	−0.012%	$54.5M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5264	+0.029%	$2.2M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5270	+0.063%	$59K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0111%	8h	1.5275	+0.099%	$1.9M	$35.5M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0151%	1h	1.5268	+0.053%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5256	−0.026%	$23.7M	$77.1M	125x	as long as short
Reya XRPRUSDPERP	+0.0224%	1h	1.5285	+0.162%	$1.4M	$1K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0258% / S −0.0512%	1h	1.5292	+0.214%	$880K	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5285	+0.167%	$506K	$723K	10x	as long as short
Aftermath Perps XRPUSD	+0.0385%	1h	1.5296	+0.236%	$3K	$13K	10x	as long as short