Funding arb · Price arb /

XRP

all XRP markets

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: Bitget against Paradex−0.006%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−$28as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Paradex Short on Bitget

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)−0.001%$0 · spread now −0.006%, 7d avg −0.013%

Together, before fees0.000%+ Points / potential airdropParadex: Active · farm board$0 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	1.5197	0.0100	pay 0.0100% / 8h	6h 25m	$474K	$55K	50x
Short	Bitget XRPUSDT	1.5196	0.0100	get 0.0100% / 8h	6h 25m	$266.5M	$383.8M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → −0.013%: $0.68
Slippage, 4 orders: −$12.59
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.91
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Paradex: live order book, 44 min ago; Bitget: live order book, 4 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, 44 min ago	5.86 bp	7.9 bp −$8	147.5 bp −$1,475	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.33 bp	6.4 bp −$6	9.1 bp −$91	17.3 bp −$1,731	28.1 bp −$14.1K

XRP on 50 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	1.5195	−0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5185	−0.080%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5210	+0.086%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5199	+0.012%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0059%	1h	1.5197	+0.003%	$803K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.389%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5193	−0.028%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5201	+0.027%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5199	+0.014%	$7.7M	$25.2M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5197	−0.002%	$2.8M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5200	+0.020%	$518K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5184	−0.085%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5187	−0.062%	$896K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5199	+0.014%	$38.7M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5193	−0.025%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5203	+0.038%	$539.2M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5202	+0.034%	$342.3M	$940.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5200	+0.020%	$124.8M	$874.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.151%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5198	+0.007%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.049%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5201	+0.027%	$369.8M	$152.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5199	+0.014%	$291.8M	$912.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5199	+0.013%	$107.4M	$171.3M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5196	−0.006%	$266.5M	$383.8M	125x
BingX XRP-USDT	+0.0100%	8h	1.5201	+0.027%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5199	+0.014%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5184	−0.087%	$659K	$108.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5181	−0.104%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5179	−0.118%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5199	+0.013%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5200	+0.020%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5201	+0.028%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5199	+0.011%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5198	+0.008%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5196	−0.006%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5197	0.000%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5195	−0.013%	$54.1M	$29.8M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5197	long leg	$474K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5193	−0.023%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5197	+0.002%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5195	−0.013%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5196	−0.004%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5199	+0.014%	$5.7M	$46.8M	50x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5208	+0.073%	$281.4M	$223.5M	20x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5203	+0.040%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0358%	8h	1.5199	+0.014%	$2.1M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0364%	1h	1.5215	+0.119%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5198	+0.009%	$535K	$785K	10x	as long as short
Aftermath Perps XRPUSD	+0.0756%	1h	1.5174	−0.150%	$2K	$14K	10x	as long as short