Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%
Price spread now: edgeX against Paradex−0.088%112s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$240.242% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.147%−$15 on $10k
Price spread, last 4 days (all we have)+0.480%+$48 · spread now −0.088%, 7d avg −0.010%
Together, before fees+0.333%+ Points / potential airdropParadex: Active · edgeX: Active · farm board+$33 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: edgeX is 0.078% cheaper against Paradex than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex XRP-USD-PERP1.51730.0100pay 0.0100% / 8h4h 23m$473K$55K50x
ShortedgeX XRPUSDC1.51590.0100get 0.0050% / 4h23m 37s$658K$108.2M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$0
Price spread: −0.088% → −0.010%
−$7.84
Slippage, 4 orders
−$11.2
Fee Paradex: 2 bp × 2 orders
−$4
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$32.05
Costs to cover
0.242%
Break-even
never at this rate
Slippage from Paradex: live order book, 36 min ago; edgeX: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex live order book, 36 min ago4.61 bp6.6 bp −$7137.9 bp −$1,379doesn't fitdoesn't fit
Sell edgeX live order book, 1 min ago0.99 bp5.5 bp −$55.5 bp −$559.3 bp −$928doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5187+0.094%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0071%1h1.5178+0.033%$14.3M$73.8M50xas long as short
dYdX XRP-USD0.0000%1h1.5176+0.019%$1.1M$111K10xas long as short
Phoenix XRP0.0000%1h1.5180+0.048%$68K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5176+0.023%$254K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5177+0.028%$7.7M$25.5M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.552%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0043% / S +0.0026%1h1.5174+0.010%$792K200xas long as short
Orderly PERP_XRP_USDC+0.0085%8h1.5177+0.028%$62K$934K50xas long as short
Lighter XRP+0.0096%1h1.5175+0.015%$2.8M$14.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5178+0.035%$498K$3.3M20xas long as short
01 Exchange XRPUSD+0.0096%1h1.5186+0.087%$8K$8K10xas long as short
Katana Perps XRP-USD+0.0097%8h1.5172−0.005%$10K$326K20xas long as short
Nado XRP-PERP+0.0100%1h1.5171−0.008%$1.1M$6.0M20xas long as short
Hyperliquid XRP+0.0100%1h1.5187+0.094%$281.7M$226.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5176+0.021%$38.4M$83.3M100xas long as short
Pacifica XRP+0.0100%1h1.5175+0.013%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5173+0.001%$535.0M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5170−0.018%$346.9M$934.4M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5172−0.005%$126.3M$875.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5174+0.008%$564K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5176+0.021%$110K$713K20xas long as short
Bulk XRP-USD+0.0100%1h1.5174+0.009%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5170−0.018%$370.0M$154.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5169−0.025%$292.4M$900.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5177+0.026%$108.3M$174.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5175+0.015%$268.5M$384.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5173+0.002%$127.0Mas long as short
Variational Omni XRP+0.0100%8h1.5179+0.039%$5.2M$37.5Mas long as short
edgeX XRPUSDCshort+0.0100%4h1.5159−0.088%$658K$108.2M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5178+0.032%$1.1M$36.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5164−0.058%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5181+0.052%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5183+0.068%$44K$452K20xas long as short
Bullet XRP-USD+0.0100%1h1.5177+0.027%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5178+0.032%$817K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5181+0.056%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5180+0.048%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5191+0.121%$49.7M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5180+0.048%$54.2M$30.7M50xas long as short
Paradex XRP-USD-PERPlong+0.0100%8h1.5173long leg$473K$55K50x
Extended XRP-USD+0.0104%1h1.5171−0.015%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5174+0.008%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0174%1h1.5189+0.107%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0184%1h1.5183+0.067%$17K$82K7xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5183+0.068%$5.6M$47.0M50xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5179+0.042%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5177+0.028%$24.1M$76.2M125xas long as short
Kalshi KXXRPPERP+0.0312%8h1.5182+0.061%$2.1M$34.5M2.9xas long as short
RISEx XRP/USDC+0.0352%1h1.5177+0.027%$517K$777K10xas long as short
Aftermath Perps XRPUSD+0.0650%1h1.5183+0.069%$2K$15K10xas long as short