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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against Paradex−0.099%51s7-day average +0.004% · 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)+0.001%$0 on $10k
Price spread, last 4 days (all we have)+2.033%+$203 · spread now −0.099%, 7d avg +0.004%
Together, before fees+2.034%+ Points / potential airdropParadex: Active · GRVT: Active · farm board+$203 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: GRVT is 0.103% cheaper against Paradex than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.004%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex XRP-USD-PERP1.52330.0100pay 0.0100% / 8h7h 48m$475K$55K50x
ShortGRVT XRP_USDT_Perp1.52180.0100get 0.0100% / 8h7h 48m$1.1M$33.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: −0.099% → +0.004%
−$10.34
Slippage, 4 orders
−$11.17
Fee Paradex: 2 bp × 2 orders
−$4
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$34.52
Costs to cover
0.242%
Break-even
never at this rate
Slippage from Paradex: live order book, 51 min ago; GRVT: live order book, 6 min ago.

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, 51 min ago4.93 bp6.9 bp −$7145.0 bp −$1,450doesn't fitdoesn't fit
Sell GRVT live order book, 6 min ago0.33 bp4.8 bp −$519.7 bp −$19763.6 bp −$6,357doesn'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
Kraken Futures PF_XRPUSD−0.0171%1h1.5228−0.032%$14.8M$76.0M50xas long as short
Phemex XRPUSDT−0.0084%8h1.5217−0.106%$54.3M$32.6M50xas long as short
Hotstuff XRP-PERP−0.0080%1h1.5218−0.099%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5227−0.039%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5240+0.045%$68K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5236+0.020%$247K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.5239+0.039%$7.7M$23.9M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.146%$2K$107K30xas long as short
Hibachi XRP/USDT-P+0.0072%1h1.5224−0.059%$17K$78K7xas long as short
Lighter XRP+0.0096%1h1.5228−0.033%$2.8M$14.5M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5232−0.007%$608K$3.1M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5230−0.020%$20K$382K20xas long as short
Nado XRP-PERP+0.0100%1h1.5227−0.037%$997K$6.2M20xas long as short
Aster XRPUSDT+0.0100%8h1.5235+0.015%$38.6M$85.6M100xas long as short
Pacifica XRP+0.0100%1h1.5230−0.021%$613K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5238+0.032%$531.2M$2.20B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5235+0.013%$353.2M$945.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5238+0.032%$127.2M$860.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5207−0.171%$566K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5240+0.045%$144K$713K20xas long as short
Bulk XRP-USD+0.0100%1h1.5227−0.037%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.5236+0.019%$379.8M$151.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5235+0.013%$314.4M$912.6M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5235+0.011%$106.8M$183.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5233−0.001%$270.2M$384.7M125xas long as short
BingX XRP-USDT+0.0100%8h1.5236+0.019%$108.1Mas long as short
Variational Omni XRP+0.0100%8h1.5226−0.047%$4.8M$38.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5214−0.124%$661K$112.9M30xas long as short
GRVT XRP_USDT_Perpshort+0.0100%8h1.5218−0.099%$1.1M$33.6M20x
ApeX Omni XRPUSDT+0.0100%1h1.5223−0.066%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5237+0.028%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5238+0.032%$52K$513K20xas long as short
Bullet XRP-USD+0.0100%1h1.5238+0.032%$41K$68K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5239+0.039%$78K$667K50xas long as short
Derive XRP-PERP+0.0100%1h1.5225−0.053%$819K$76K10xas long as short
SunX XRP-USDT+0.0100%8h1.5233+0.001%$128K$1.7M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5234+0.006%$29K$1.5M10xas long as short
HTX XRP-USDT+0.0100%8h1.5223−0.066%$49.7M$15.2M75xas long as short
Paradex XRP-USD-PERPlong+0.0100%8h1.5233long leg$475K$55K50x
Extended XRP-USD+0.0104%1h1.5233−0.003%$2.1M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5236+0.017%$59K$25K3xas long as short
GMX XRP/USD [ETH-USDC]L +0.0114% / S −0.0078%1h1.5236+0.017%$790K200xas long as short
01 Exchange XRPUSD+0.0136%1h1.5241+0.052%$9K$2K10xas long as short
Coinbase International XRP-PERP-INTX+0.0160%1h1.5227−0.040%$5.6M$48.0M50xas long as short
Kalshi KXXRPPERP+0.0171%8h1.5230−0.020%$1.7M$33.5M2.9xas long as short
Hyperliquid XRP+0.0206%1h1.5248+0.098%$291.3M$267.7M20xas long as short
BloFin XRP-USDT+0.0220%8h1.5222−0.073%$23.7M$78.0M125xas long as short
Reya XRPRUSDPERP+0.0221%1h1.5231−0.012%$1.3M$4K15xas long as short
Backpack XRP_USDC_PERP+0.0268%1h1.5238+0.032%$2.0M$1.4M25xas long as short
RISEx XRP/USDC+0.0337%1h1.5239+0.038%$523K$796K10xas long as short
Aftermath Perps XRPUSD+0.0527%1h1.5217−0.106%$3K$16K10xas long as short