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 0.000%

Price spread now: Paradex against Aster+0.011%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Aster Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.011%, 7d avg +0.001%

Together, before fees−0.030%+ Points / potential airdropAster: Stage 5 · Paradex: Active · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5251	0.0100	pay 0.0100% / 8h	7h 03m	$38.5M	$83.4M	100x
Short	Paradex XRP-USD-PERP	1.5252	0.0100	get 0.0100% / 8h	7h 03m	$476K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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 AsterbpFee ParadexbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.001%: $1.03
Slippage, 4 orders: −$12.89
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$23.86
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Paradex: 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 Aster live order book, 6 min ago	0.33 bp	4.8 bp −$5	5.3 bp −$53	12.5 bp −$1,253	doesn't fit
Sell Paradex live order book, 6 min ago	5.86 bp	7.9 bp −$8	149.4 bp −$1,494	doesn't fit	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	1.5249	−0.011%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5260	+0.063%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5250	−0.007%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5256	+0.035%	$9.2M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0019% / S +0.0071%	1h	1.5245	−0.037%	$836K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.028%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5253	+0.015%	$57K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5258	+0.048%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5247	−0.022%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5249	−0.011%	$511K	$3.3M	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	1.5261	+0.067%	$9K	$282K	20x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5252	+0.011%	$476K	$55K	50x
Nado XRP-PERP	+0.0100%	1h	1.5252	+0.010%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5251	long leg	$38.5M	$83.4M	100x
Pacifica XRP	+0.0100%	1h	1.5257	+0.038%	$628K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5266	+0.101%	$539.3M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5264	+0.087%	$340.6M	$920.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5271	+0.133%	$123.1M	$865.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5215	−0.234%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5251	+0.002%	$115K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.649%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5252	+0.008%	$366.9M	$153.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5245	−0.038%	$300.3M	$917.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5240	−0.067%	$110.3M	$167.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5275	+0.159%	$267.9M	$376.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5252	+0.008%	—	$125.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5315	+0.419%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5348	+0.639%	$666K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5328	+0.505%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5318	+0.441%	$1.2M	$998K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5254	+0.021%	$46K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5250	−0.006%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5256	+0.036%	$821K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5263	+0.078%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5253	+0.015%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5251	+0.002%	$50.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5240	−0.070%	$54.1M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5264	+0.087%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5268	+0.114%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5256	+0.035%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5250	−0.004%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5232	−0.123%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5251	+0.002%	$5.7M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0245%	1h	1.5246	−0.032%	$14.4M	$70.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0302%	1h	1.5263	+0.080%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5315	+0.424%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0323%	8h	1.5263	+0.080%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0364%	1h	1.5260	+0.061%	$287.4M	$215.6M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.520%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5254	+0.021%	$539K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0857%	1h	1.5325	+0.488%	$2K	$13K	10x	as long as short