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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Ondo Perps against Paradex+0.095%7-day average −0.064% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.023%−$2 on $10k
Price spread, last 4 days (all we have)−0.279%−$28 · spread now +0.095%, 7d avg −0.064%
Together, before fees−0.302%+ Points / potential airdropParadex: Active · Ondo Perps: Active · farm board−$30 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: Ondo Perps is 0.159% dearer against Paradex than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex XRP-USD-PERP1.53670.0100pay 0.0100% / 8h25m 37s$479K$54K50x
ShortOndo Perps XRP-USD.P1.53820.0100get 0.0013% / 1h25m 37s$573K$41K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$0.01
Price spread: +0.095% → −0.064%
$15.92
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
$6.91
Costs to cover
0.090%
Break-even
from the start
Slippage unknown: Paradex: live order book, 54 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 54 min ago4.50 bp6.5 bp −$7148.6 bp −$1,486doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h1.5379+0.076%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5363−0.025%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5420+0.343%$69K$90K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5378+0.071%$266K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0006% / S +0.0098%1h1.5377+0.066%$831K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0010%1h1.5381+0.089%$9.4M$25.6M50xas long as short
Kraken Futures PF_XRPUSD+0.0032%1h1.5377+0.066%$15.0M$69.6M50xas long as short
Orderly PERP_XRP_USDC+0.0058%8h1.5382+0.095%$76K$910K50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560+1.254%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5369+0.012%$2.9M$12.8M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5376+0.056%$438K$3.2M20xas long as short
Nado XRP-PERP+0.0100%1h1.5362−0.031%$1.1M$5.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5365−0.014%$39.1M$81.2M100xas long as short
Pacifica XRP+0.0100%1h1.5369+0.011%$632K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5359−0.054%$546.9M$2.04B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5356−0.074%$341.2M$923.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5350−0.113%$125.1M$879.8M100xas long as short
Ondo Perps XRP-USD.Pshort+0.0100%1h1.5382+0.095%$573K$41K5x
Arcus XRP-USD+0.0100%1h1.5364−0.022%$116K$757K20xas long as short
Bulk XRP-USD+0.0100%1h1.5410+0.278%$1.7M$572K20xas long as short
Gate XRP_USDT+0.0100%8h1.5358−0.061%$361.0M$147.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5363−0.028%$292.3M$883.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5362−0.033%$109.8M$164.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5357−0.067%$267.9M$373.8M125xas long as short
BingX XRP-USDC+0.0100%8h1.5359−0.054%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5385+0.113%$11.4M$30.6Mas long as short
edgeX XRPUSDC+0.0100%4h1.5405+0.244%$669K$104.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5403+0.231%$1.1M$40.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5406+0.252%$1.0M$900K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5385+0.115%$47K$455K20xas long as short
Bullet XRP-USD+0.0100%1h1.5381+0.090%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5380+0.085%$828K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5388+0.136%$129K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5380+0.082%$31K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5379+0.075%$50.5M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5384+0.109%$54.7M$29.4M50xas long as short
Paradex XRP-USD-PERPlong+0.0100%8h1.5367long leg$479K$54K50x
Vest XRP-PERP+0.0100%1h1.5389+0.138%$10K10xas long as short
Katana Perps XRP-USD+0.0101%8h1.5358−0.061%$11K$268K20xas long as short
Extended XRP-USD+0.0104%1h1.5355−0.081%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5379+0.073%$72K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5359−0.054%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5381+0.088%$1.4M$8K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5416+0.317%$24.4M$74.5M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5386+0.122%$5.8M$47.3M50xas long as short
Hibachi XRP/USDT-P+0.0264%1h1.5406+0.254%$18K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0264%1h1.5385+0.115%$1.7M$1.0M25xas long as short
Kalshi KXXRPPERP+0.0305%8h1.5404+0.239%$2.0M$34.3M2.9xas long as short
Hyperliquid XRP+0.0587%1h1.5392+0.161%$292.7M$212.6M20xas long as short
RISEx XRP/USDC+0.0761%1h1.5369+0.012%$499K$635K10xas long as short
Aftermath Perps XRPUSD+0.0786%1h1.5427+0.389%$1K$11K10xas long as short