Funding arb · Price arb /

XRP

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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 0.000%

Price spread now: Variational Omni against Paradex+0.139%7-day average −0.008% · you sell dearer than you buy

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

Long on Paradex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now +0.139%, 7d avg −0.008%

Together, before fees+0.056%+ Points / potential airdropParadex: Active · Variational Omni: Active · farm board+$6 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: Variational Omni is 0.147% dearer against Paradex than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5333	0.0100	pay 0.0100% / 8h	7h 08m	$478K	$55K	50x
Short	Variational Omni XRP	1.5354	0.0100	get 0.0100% / 8h	7h 08m	$6.5M	$35.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → −0.008%: $14.71
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $10.71
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 1 min ago	5.86 bp	7.9 bp −$8	147.5 bp −$1,475	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.05 bp	doesn't fit	6.6 bp −$66	31.0 bp −$3,097	doesn't fit

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	1.5366	+0.218%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5342	+0.058%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5348	+0.098%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0073%	1h	1.5347	+0.092%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.483%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0064%	8h	1.5351	+0.120%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5339	+0.042%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5346	+0.087%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5342	+0.061%	$514K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5338	+0.035%	$9K	$281K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5333	long leg	$478K	$55K	50x
Nado XRP-PERP	+0.0100%	1h	1.5332	−0.007%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5340	+0.048%	$38.8M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5342	+0.059%	$631K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5351	+0.120%	$542.3M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5351	+0.120%	$341.9M	$919.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5352	+0.126%	$124.5M	$868.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5322	−0.069%	$572K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5338	+0.035%	$117K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.379%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5348	+0.100%	$374.8M	$151.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5350	+0.113%	$305.0M	$914.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5348	+0.103%	$111.1M	$166.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5349	+0.107%	$269.3M	$375.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5338	+0.035%	—	$3.7M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5354	+0.139%	$6.5M	$35.6M	—
edgeX XRPUSDC	+0.0100%	4h	1.5360	+0.177%	$667K	$106.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5362	+0.192%	$1.1M	$37.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5376	+0.283%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5348	+0.097%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5347	+0.094%	$47K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5349	+0.108%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5353	+0.131%	$826K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5356	+0.155%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5352	+0.126%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5364	+0.202%	$50.4M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5364	+0.205%	$54.6M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5347	+0.094%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5349	+0.108%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0141%	1h	1.5353	+0.133%	$9.3M	$24.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5344	+0.076%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5359	+0.172%	$24.1M	$74.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5358	+0.166%	$5.7M	$46.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5355	+0.144%	$14.5M	$70.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5374	+0.270%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0313%	1h	1.5371	+0.250%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5385	+0.342%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0378%	1h	1.5356	+0.153%	$290.3M	$214.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5360	+0.179%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5341	+0.055%	$543K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0838%	1h	1.5354	+0.139%	$2K	$13K	10x	as long as short