Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0144%/8h= +15.7% APRpaid last 24h +0.016%

Price spread now: Kraken Futures against Paradex−0.085%7-day average −0.007% · 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−$40as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on Paradex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.070%+$7 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now −0.085%, 7d avg −0.007%

Together, before fees+0.062%+ Points / potential airdropParadex: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.077% cheaper against Paradex than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.007%). If the spread goes back, that is −$8 on $10k: about 43 hours of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.070% in total) that is about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5351	0.0100	pay 0.0100% / 8h	7h 28m	$479K	$54K	50x
Short	Kraken Futures PF_XRPUSD	1.5338	0.0244	get 0.0030% / 1h	28m 14s	$14.5M	$70.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.085%Rate

Funding earned: $30.14
Price spread: −0.085% → −0.007%: −$7.75
Slippage, 4 orders: −$18.55
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$10.16
Costs to cover: 0.326%
Break-even: 9.4 days

Slippage from Paradex: live order book, 46 min ago; Kraken Futures: live order book, 6 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, 46 min ago	4.89 bp	6.9 bp −$7	157.1 bp −$1,571	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 6 min ago	2.29 bp	8.8 bp −$9	11.9 bp −$119	20.8 bp −$2,076	47.7 bp −$23.8K

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	1.5345	−0.037%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5335	−0.105%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5332	−0.121%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0014% / S +0.0079%	1h	1.5332	−0.120%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.364%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5339	−0.076%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5341	−0.063%	$9.3M	$25.1M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5329	−0.141%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5339	−0.076%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5342	−0.056%	$515K	$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
Katana Perps XRP-USD	+0.0100%	8h	1.5338	−0.082%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5351	long leg	$479K	$54K	50x
Nado XRP-PERP	+0.0100%	1h	1.5340	−0.066%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5333	−0.115%	$38.7M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5346	−0.031%	$621K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5338	−0.080%	$541.0M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5335	−0.102%	$341.9M	$919.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5334	−0.108%	$125.0M	$867.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	−0.037%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5346	−0.030%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.106%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5337	−0.089%	$374.4M	$149.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5336	−0.095%	$312.1M	$904.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5336	−0.093%	$108.8M	$165.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5335	−0.102%	$268.4M	$375.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5334	−0.108%	—	$123.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	−0.146%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5333	−0.118%	$666K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	−0.108%	$1.1M	$38.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5321	−0.193%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5330	−0.134%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5337	−0.089%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5336	−0.095%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5340	−0.072%	$826K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5334	−0.108%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5340	−0.069%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5333	−0.116%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5338	−0.082%	$54.6M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5335	−0.100%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5338	−0.080%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5332	−0.119%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5329	−0.141%	$24.0M	$73.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5345	−0.037%	$5.8M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0244%	1h	1.5338	−0.085%	$14.5M	$70.0M	50x
Backpack XRP_USDC_PERP	+0.0292%	1h	1.5345	−0.037%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5345	−0.037%	$2.1M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5319	−0.208%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0397%	1h	1.5349	−0.010%	$289.9M	$214.6M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5340	−0.069%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0805%	1h	1.5334	−0.110%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5344	−0.043%	$507K	$754K	10x	as long as short