Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Paradex+0.180%48s7-day average −0.011% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.257% of the position

Long on Paradex Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.180%, 7d avg −0.011%

Together, before fees−0.168%+ Points / potential airdropParadex: Active · farm board−$17 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: BingX is 0.191% dearer against Paradex than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 48 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	Paradex XRP-USD-PERP	1.5359	0.0100	pay 0.0100% / 8h	7h 56m	$479K	$54K	50x
Short	BingX XRP-USDT	1.5387	0.0100	get 0.0100% / 8h	7h 56m	—	$123.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.180%Rate

Funding earned: $0
Price spread: +0.180% → −0.011%: $19.15
Slippage, 4 orders: −$11.73
Fee Paradex: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$6.59
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from Paradex: live order book, 17 min ago; BingX: live order book, 2 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, 17 min ago	4.89 bp	6.9 bp −$7	157.1 bp −$1,571	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	0.98 bp	6.0 bp −$6	6.4 bp −$64	9.0 bp −$904	14.8 bp −$7,376

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	1.5364	+0.030%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5345	−0.091%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	−0.061%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5385	+0.169%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0089%	1h	1.5380	+0.132%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.306%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5386	+0.174%	$75K	$910K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5370	+0.069%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5389	+0.191%	$2.9M	$13.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5387	+0.180%	$514K	$3.2M	20x	as long as short

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	1.5366	+0.043%	$12K	$271K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5370	+0.073%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5390	+0.201%	$39.0M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5356	−0.022%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5388	+0.188%	$541.6M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5389	+0.193%	$341.0M	$932.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5385	+0.167%	$125.7M	$887.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5339	−0.132%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5365	+0.037%	$116K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	−0.145%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5389	+0.193%	$375.2M	$147.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5388	+0.187%	$302.7M	$889.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5388	+0.187%	$110.0M	$167.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5386	+0.174%	$269.8M	$378.2M	125x	as long as short
BingX XRP-USDTshort	+0.0100%	8h	1.5387	+0.180%	—	$123.2M	—
Variational Omni XRP	+0.0100%	8h	1.5346	−0.084%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5357	−0.015%	$667K	$106.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	+0.063%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	−0.048%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5362	+0.020%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5374	+0.095%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5379	+0.128%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5388	+0.185%	$828K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5392	+0.211%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5386	+0.174%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5386	+0.171%	$50.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5386	+0.174%	$54.8M	$29.7M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5359	long leg	$479K	$54K	50x
Extended XRP-USD	+0.0104%	1h	1.5389	+0.190%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5390	+0.196%	$56K	$18K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0205%	1h	1.5394	+0.226%	$9.3M	$25.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5370	+0.066%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5390	+0.200%	$24.0M	$75.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5391	+0.206%	$5.8M	$47.1M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5388	+0.186%	$14.9M	$70.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5344	−0.099%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5384	+0.161%	$2.2M	$35.3M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0318%	1h	1.5401	+0.271%	$1.7M	$1.2M	25x	as long as short
Hyperliquid XRP	+0.0583%	1h	1.5404	+0.291%	$292.0M	$216.9M	20x	as long as short
Aftermath Perps XRPUSD	+0.0780%	1h	1.5354	−0.035%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5371	+0.078%	$513K	$753K	10x	as long as short