Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Orderly against Paradex+0.082%7-day average −0.020% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.255%−$26 · spread now +0.082%, 7d avg −0.020%

Together, before fees−0.272%+ Points / potential airdropParadex: Active · farm board−$27 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: Orderly is 0.102% dearer against Paradex than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5210	0.0100	pay 0.0100% / 8h	3h 28m	$474K	$55K	50x
Short	Orderly PERP_XRP_USDC	1.5222	0.0100	get 0.0100% / 8h	3h 28m	$62K	$934K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → −0.020%: $10.19
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: $0.19
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Paradex: live order book, 26 min ago; Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex live order book, 26 min ago	4.61 bp	6.6 bp −$7	135.4 bp −$1,354	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5251	+0.273%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5216	+0.042%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5228	+0.118%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5230	+0.135%	$7.8M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5225	+0.103%	$14.5M	$74.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.304%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0010%	1h	1.5228	+0.118%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5220	+0.070%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5222	+0.082%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5208	−0.010%	$10K	$347K	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	1.5232	+0.144%	$997K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5217	+0.050%	$38.6M	$85.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5221	+0.073%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5213	+0.022%	$535.9M	$2.15B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5211	+0.010%	$347.6M	$943.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5209	−0.004%	$127.2M	$888.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5212	+0.016%	$566K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5222	+0.082%	$134K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5212	+0.016%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5212	+0.016%	$370.1M	$155.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5210	+0.003%	$294.9M	$903.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5224	+0.092%	$109.3M	$177.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5207	−0.017%	$269.8M	$389.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5210	+0.003%	—	$127.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5245	+0.232%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5233	+0.154%	$662K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5244	+0.227%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.279%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5234	+0.158%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5234	+0.161%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5228	+0.121%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDCshort	+0.0100%	8h	1.5222	+0.082%	$62K	$934K	50x
Derive XRP-PERP	+0.0100%	1h	1.5224	+0.097%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5226	+0.109%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5226	+0.108%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5226	+0.106%	$49.8M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5224	+0.095%	$54.2M	$31.0M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5210	long leg	$474K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5204	−0.036%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5222	+0.082%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5240	+0.200%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5230	+0.135%	$5.7M	$47.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5230	+0.134%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	+0.108%	$24.2M	$76.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5241	+0.204%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0286%	1h	1.5228	+0.121%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0357%	8h	1.5239	+0.194%	$1.9M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5213	+0.023%	$518K	$776K	10x	as long as short
Hyperliquid XRP	+0.0394%	1h	1.5238	+0.187%	$301.6M	$245.9M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5240	+0.200%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0680%	1h	1.5229	+0.125%	$2K	$15K	10x	as long as short