Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Paradex+0.003%7-day average −0.045% · 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−$14as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Paradex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.003%, 7d avg −0.045%

Together, before fees−0.095%+ Points / potential airdropParadex: Active · Extended: Active · farm board−$10 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: Extended is 0.047% dearer against Paradex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5521	0.0100	pay 0.0100% / 8h	1h 27m	$484K	$54K	50x
Short	Extended XRP-USD	1.5522	0.0104	get 0.0013% / 1h	27m 35s	$2.1M	$7.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0.81
Price spread: +0.003% → −0.045%: $4.73
Slippage, 4 orders: −$9.65
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$13.12
Costs to cover: 0.187%
Break-even: 121.0 days

Slippage from Paradex: live order book, 57 min ago; Extended: live order book, 1 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, 57 min ago	4.24 bp	6.2 bp −$6	146.0 bp −$1,460	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.32 bp	2.8 bp −$3	4.3 bp −$43	doesn't fit	doesn't fit

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	1.5523	+0.011%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5501	−0.128%	$1.1M	$114K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5513	−0.053%	$9.5M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5527	+0.038%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.490%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5506	−0.101%	$15.4M	$68.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0052% / S +0.0124%	1h	1.5527	+0.039%	$1.1M	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5517	−0.027%	$77K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5509	−0.079%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5509	−0.079%	$439K	$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
Nado XRP-PERP	+0.0100%	1h	1.5532	+0.072%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5513	−0.053%	$39.4M	$78.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5509	−0.079%	$638K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5536	+0.097%	$559.0M	$1.97B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5524	+0.018%	$347.2M	$892.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5521	−0.002%	$127.3M	$877.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5528	+0.044%	$577K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5536	+0.095%	$118K	$740K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5515	−0.040%	$374.0M	$139.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5520	−0.008%	$291.7M	$850.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5505	−0.107%	$113.2M	$158.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5522	+0.005%	$270.8M	$362.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5517	−0.027%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5485	−0.236%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5495	−0.167%	$675K	$101.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5534	+0.080%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5504	−0.111%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5520	−0.006%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5532	+0.069%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5525	+0.024%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5520	−0.011%	$835K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5524	+0.020%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5509	−0.079%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5516	−0.033%	$51.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5514	−0.047%	$55.2M	$29.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	−0.287%	$1.7M	$578K	20x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5521	long leg	$484K	$54K	50x
Katana Perps XRP-USD	+0.0101%	8h	1.5528	+0.044%	$11K	$255K	20x	as long as short
Extended XRP-USDshort	+0.0104%	1h	1.5522	+0.003%	$2.1M	$7.1M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5514	−0.044%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5531	+0.063%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5527	+0.036%	$18K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5522	+0.006%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5517	−0.027%	$5.8M	$47.1M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5510	−0.072%	$24.6M	$73.4M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0266%	1h	1.5510	−0.072%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5556	+0.224%	$1.9M	$32.7M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5480	−0.266%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5540	+0.118%	$509K	$629K	10x	as long as short
Hyperliquid XRP	+0.0598%	1h	1.5542	+0.134%	$291.1M	$202.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0727%	1h	1.5545	+0.150%	$1K	$11K	10x	as long as short