Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Paradex−0.007%7-day average −0.013% · 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−$24as in the Price arb table

costs, in and out, $10k−$250.245% of the position

Long on Paradex Short on Binance

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)−0.025%−$2 · spread now −0.007%, 7d avg −0.013%

Together, before fees−0.032%+ Points / potential airdropParadex: Active · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5222	0.0100	pay 0.0100% / 8h	7h 51m	$475K	$55K	50x
Short	Binance XRPUSDT	1.5221	0.0100	get 0.0100% / 8h	7h 51m	$531.0M	$2.21B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → −0.013%: $0.65
Slippage, 4 orders: −$10.52
Fee Paradex: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.87
Costs to cover: 0.245%
Break-even: never at this rate

Slippage from Paradex: live order book, 47 min ago; Binance: live order book, 7 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, 47 min ago	4.93 bp	6.9 bp −$7	145.0 bp −$1,450	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.33 bp	5.3 bp −$5	6.6 bp −$66	11.6 bp −$1,163	32.5 bp −$16.3K

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	−0.0171%	1h	1.5208	−0.098%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5206	−0.108%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5207	−0.098%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5200	−0.147%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5209	−0.088%	$7.7M	$23.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5204	−0.123%	$247K	—	150x	as long as short
Phemex XRPUSDT	+0.0010%	8h	1.5207	−0.101%	$54.3M	$32.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.218%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5220	−0.014%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5218	−0.030%	$2.8M	$14.5M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5221	−0.009%	$608K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5229	+0.043%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5221	−0.006%	$999K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5219	−0.025%	$38.6M	$85.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5218	−0.026%	$612K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5221	−0.007%	$531.0M	$2.21B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5218	−0.029%	$353.3M	$947.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5226	+0.024%	$126.9M	$861.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5207	−0.101%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5242	+0.129%	$144K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.216%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5208	−0.095%	$379.2M	$151.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5222	−0.003%	$313.1M	$911.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5218	−0.026%	$106.6M	$183.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5229	+0.043%	$270.1M	$386.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5221	−0.009%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5181	−0.272%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5166	−0.368%	$660K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5217	−0.036%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5166	−0.370%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5225	+0.016%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5223	+0.004%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5217	−0.035%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5213	−0.062%	$78K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	−0.105%	$818K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5225	+0.020%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5205	−0.114%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5213	−0.063%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5222	long leg	$475K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5228	+0.035%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5209	−0.090%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0113% / S −0.0077%	1h	1.5213	−0.062%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5229	+0.043%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5213	−0.062%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0168%	8h	1.5220	−0.016%	$1.7M	$33.5M	2.9x	as long as short
Hyperliquid XRP	+0.0208%	1h	1.5227	+0.030%	$290.8M	$267.7M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5218	−0.029%	$23.9M	$77.9M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5217	−0.034%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0274%	1h	1.5223	+0.004%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5239	+0.109%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0541%	1h	1.5198	−0.160%	$2K	$16K	10x	as long as short