Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against Derive+0.923%518s7-day average +0.018% · you sell dearer than you buy

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

Long on Derive Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.352%−$35 · spread now +0.923%, 7d avg +0.018%

Together, before fees−0.353%+ Points / potential airdropParadex: Active · farm board−$35 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: Paradex is 0.906% dearer against Derive than usual: you sell high and buy low, +$91 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 518 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.5150	0.0100	pay 0.0013% / 1h	21m 11s	$815K	$76K	10x
Short	Paradex XRP-USD-PERP	1.5289	0.0100	get 0.0100% / 8h	7h 21m	$477K	$54K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Derive. 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 DerivebpFee ParadexbpOrdersPrice spread, now +0.923%Rate

Funding earned: $0
Price spread: +0.923% → +0.018%: $90.56
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: $80.56
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Derive: no order-book sample; Paradex: live order book, 13 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 Derive no order-book sample	—	—	—	—	—
Sell Paradex live order book, 13 min ago	7.25 bp	9.3 bp −$9	145.5 bp −$1,455	doesn't fit	doesn't fit

Derive: 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
Kraken Futures PF_XRPUSD	−0.0170%	1h	1.5317	+1.103%	$14.8M	$74.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5286	+0.900%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	+0.267%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5287	+0.907%	$248K	—	150x	as long as short
dYdX XRP-USD	+0.0008%	1h	1.5286	+0.898%	$1.1M	$160K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5320	+1.125%	$7.8M	$23.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.709%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5285	+0.894%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5283	+0.879%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5316	+1.098%	$2.8M	$14.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5319	+1.118%	$623K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5284	+0.887%	$20K	$380K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5286	+0.902%	$1.0M	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5316	+1.096%	$38.7M	$84.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5287	+0.907%	$615K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5316	+1.098%	$533.9M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5313	+1.079%	$357.7M	$932.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5316	+1.098%	$126.9M	$846.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	+0.287%	$561K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5295	+0.960%	$144K	$703K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5141	−0.053%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5303	+1.013%	$375.1M	$155.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5316	+1.098%	$317.6M	$923.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5314	+1.084%	$107.8M	$181.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5315	+1.092%	$270.8M	$373.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5299	+0.986%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5155	+0.033%	$4.8M	$38.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5245	+0.632%	$662K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5273	+0.817%	$1.1M	$32.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5249	+0.656%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5296	+0.966%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5292	+0.940%	$52K	$509K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5304	+1.021%	$41K	$67K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5311	+1.065%	$78K	$647K	50x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5150	long leg	$815K	$76K	10x
SunX XRP-USDT	+0.0100%	8h	1.5320	+1.128%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5315	+1.092%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5316	+1.098%	$50.0M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5312	+1.072%	$54.4M	$33.0M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5289	+0.923%	$477K	$54K	50x
Extended XRP-USD	+0.0104%	1h	1.5311	+1.064%	$2.1M	$6.4M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5313	+1.078%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0131% / S −0.0092%	1h	1.5312	+1.070%	$782K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5312	+1.072%	$5.4M	$47.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0169%	8h	1.5297	+0.973%	$1.7M	$33.1M	2.9x	as long as short
Hyperliquid XRP	+0.0179%	1h	1.5304	+1.019%	$292.8M	$263.9M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0204%	1h	1.5303	+1.013%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5313	+1.079%	$24.0M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5292	+0.943%	$1.4M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5278	+0.847%	$523K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0533%	1h	1.5220	+0.463%	$3K	$16K	10x	as long as short