Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.030%

Price spread now: dYdX against Paradex+0.003%7-day average −0.016% · 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−$41as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Paradex Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.003%, 7d avg −0.016%

Together, before fees−0.140%+ Points / potential airdropParadex: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5207	0.0100	pay 0.0100% / 8h	7h 35m	$474K	$54K	50x
Short	dYdX XRP-USD	1.5208	0	get 0.0000% / 1h	35m 50s	$1.1M	$148K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$21
Price spread: +0.003% → −0.016%: $1.93
Slippage, 4 orders: −$28.74
Fee Paradex: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$61.81
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Paradex: live order book, 63 min ago; dYdX: live order book, 3 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, 63 min ago	4.93 bp	6.9 bp −$7	145.0 bp −$1,450	doesn't fit	doesn't fit
Sell dYdX live order book, 3 min ago	6.58 bp	17.3 bp −$17	21.9 bp −$219	25.3 bp −$2,528	68.7 bp −$34.3K

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	1.5210	+0.019%	$14.7M	$74.9M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5218	+0.070%	$5K	$3K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5208	+0.003%	$1.1M	$148K	10x
Phoenix XRP	0.0000%	1h	1.5220	+0.083%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5213	+0.037%	$7.7M	$23.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5202	−0.036%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.319%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5214	+0.045%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5208	+0.003%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5212	+0.030%	$620K	$3.1M	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	1.5198	−0.062%	$20K	$380K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5194	−0.085%	$993K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5201	−0.040%	$38.5M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5206	−0.008%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5201	−0.045%	$529.9M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5198	−0.062%	$354.6M	$941.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5199	−0.055%	$126.8M	$853.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5173	−0.226%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5206	−0.009%	$143K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.042%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5203	−0.029%	$374.8M	$153.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5200	−0.049%	$312.6M	$915.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5201	−0.041%	$106.1M	$183.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5199	−0.055%	$269.0M	$382.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5200	−0.049%	—	$108.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	−0.049%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5194	−0.088%	$662K	$112.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5186	−0.138%	$1.1M	$33.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	−0.055%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5205	−0.014%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5199	−0.055%	$52K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5198	−0.063%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5205	−0.016%	$78K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5208	+0.002%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5210	+0.019%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5208	+0.004%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5197	−0.068%	$49.6M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5207	−0.003%	$54.3M	$32.7M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5207	long leg	$474K	$54K	50x
Extended XRP-USD	+0.0104%	1h	1.5196	−0.072%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5204	−0.020%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0118% / S −0.0083%	1h	1.5201	−0.039%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5202	−0.036%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5207	−0.003%	$5.5M	$47.7M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5209	+0.010%	$1.7M	$33.2M	2.9x	as long as short
Hyperliquid XRP	+0.0189%	1h	1.5215	+0.050%	$290.7M	$267.2M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5209	+0.010%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5205	−0.014%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0231%	1h	1.5216	+0.056%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5201	−0.043%	$522K	$798K	10x	as long as short
Aftermath Perps XRPUSD	+0.0554%	1h	1.5208	+0.002%	$2K	$16K	10x	as long as short