Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Paradex−0.024%45s7-day average −0.014% · 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—prices read too far apart to compare

costs, in and out, $10k−$340.336% of the position

Long on Paradex Short on Gate

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)+0.079%+$8 · spread now −0.024%, 7d avg −0.014%

Together, before fees+0.080%+ Points / potential airdropParadex: Active · farm board+$8 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	1.5662	0.0100	pay 0.0100% / 8h	51m 48s	$488K	$54K	50x
Short	Gate XRP_USDT	1.5658	0.0100	get 0.0100% / 8h	51m 48s	$374.7M	$142.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.024%Rate

Funding earned: −$0.02
Price spread: −0.024% → −0.014%: −$0.96
Slippage, 4 orders: −$14.64
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$34.62
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Paradex: live order book, 27 min ago; Gate: 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, 27 min ago	4.50 bp	6.5 bp −$7	148.6 bp −$1,486	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.32 bp	10.4 bp −$10	13.3 bp −$133	28.7 bp −$2,869	41.6 bp −$20.8K

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	1.5671	+0.059%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5663	+0.011%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5600	−0.394%	$69K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5666	+0.027%	$9.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5657	−0.033%	$262K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0004% / S +0.0108%	1h	1.5664	+0.015%	$861K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5664	+0.013%	$15.7M	$68.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5660	−0.011%	$77K	$909K	50x	as long as short
ApeX Omni XRPUSDT	+0.0081%	1h	1.5590	−0.458%	$1.0M	$886K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.650%	$2K	$107K	30x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5663	+0.010%	$3.0M	$12.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5668	+0.040%	$446K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5672	+0.069%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5655	−0.045%	$39.7M	$79.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5663	+0.008%	$645K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5659	−0.017%	$561.8M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5659	−0.018%	$350.0M	$912.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5662	+0.001%	$128.1M	$894.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5593	−0.439%	$580K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5668	+0.040%	$119K	$748K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5658	−0.024%	$374.7M	$142.9M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5659	−0.018%	$305.3M	$861.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5660	−0.014%	$114.1M	$162.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5662	+0.001%	$273.6M	$369.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5655	−0.043%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5607	−0.347%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5645	−0.105%	$679K	$102.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5674	+0.080%	$1.1M	$41.0M	20x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5669	+0.046%	$45K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5670	+0.052%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5664	+0.012%	$843K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5669	+0.047%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5664	+0.014%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5655	−0.042%	$51.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5664	+0.014%	$55.7M	$29.3M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5562	−0.640%	$1.7M	$573K	20x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5662	long leg	$488K	$54K	50x
Vest XRP-PERP	+0.0100%	1h	1.5665	+0.023%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5663	+0.008%	$12K	$264K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5657	−0.033%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5669	+0.048%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5670	+0.053%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5668	+0.037%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5690	+0.180%	$24.6M	$75.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5673	+0.072%	$5.9M	$48.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5659	−0.015%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5677	+0.097%	$2.0M	$33.6M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0406%	1h	1.5667	+0.033%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0609%	1h	1.5683	+0.136%	$297.9M	$207.1M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5677	+0.098%	$511K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0767%	1h	1.5630	−0.205%	$1K	$11K	10x	as long as short