Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Paradex against dYdX+0.001%7-day average +0.015% · 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−$73as in the Price arb table

costs, in and out, $10k−$710.713% of the position

Long on dYdX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.119%+$12 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.001%, 7d avg +0.015%

Together, before fees+0.148%+ Points / potential airdropParadex: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5378	0	get 0.0000% / 1h	16m 45s	$1.1M	$155K	10x
Short	Paradex XRP-USD-PERP	1.5379	0.0099	get 0.0099% / 8h	6h 16m	$480K	$51K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against dYdX. 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 dYdXbpFee ParadexbpOrdersPrice spread, now +0.001%Rate

Funding earned: $20.87
Price spread: +0.001% → +0.015%: −$1.36
Slippage, 4 orders: −$57.3
Fee dYdX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$51.79
Costs to cover: 0.713%
Break-even: 24.4 days

Slippage from dYdX: live order book, just now; Paradex: live order book, 35 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 dYdX live order book, just now	22.13 bp	27.1 bp −$27	45.2 bp −$452	72.1 bp −$7,213	133.3 bp −$66.6K
Sell Paradex live order book, 35 min ago	6.52 bp	8.5 bp −$9	158.7 bp −$1,587	doesn't fit	doesn't fit

XRP on 50 exchanges

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	1.5357	−0.139%	$5K	$4K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5378	long leg	$1.1M	$155K	10x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5358	−0.133%	$7.9M	$21.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5356	−0.144%	$249K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0016%	1h	1.5359	−0.128%	$14.1M	$72.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.181%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0048%	1h	1.5358	−0.133%	$9K	$2K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5377	−0.009%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5378	−0.003%	$605K	$3.1M	20x	as long as short
Paradex XRP-USD-PERPshort	+0.0099%	8h	1.5379	+0.001%	$480K	$51K	50x

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5376	−0.016%	$10K	$396K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5356	−0.147%	$1.0M	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5376	−0.016%	$39.6M	$82.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5378	−0.003%	$589K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5375	−0.022%	$536.2M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5378	−0.003%	$363.1M	$901.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5377	−0.009%	$124.5M	$845.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5340	−0.250%	$563K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5387	+0.056%	$165K	$692K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5353	−0.168%	$1.6M	$25K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5378	−0.003%	$380.0M	$160.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5377	−0.009%	$314.6M	$917.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5376	−0.013%	$106.8M	$182.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5380	+0.010%	$272.5M	$360.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5377	−0.009%	—	$103.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5373	−0.033%	$5.1M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5358	−0.136%	$667K	$111.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5351	−0.178%	$1.1M	$31.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5391	+0.082%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5360	−0.119%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5355	−0.152%	$53K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5351	−0.178%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5354	−0.159%	$68K	$600K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5361	−0.114%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5354	−0.159%	$31K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5352	−0.172%	$50.1M	$14.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5359	−0.126%	$54.8M	$33.4M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5372	−0.040%	$2.1M	$5.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5367	−0.074%	$17K	$77K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5349	−0.189%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5357	−0.139%	$5.5M	$45.6M	50x	as long as short
Hyperliquid XRP	+0.0131%	1h	1.5390	+0.075%	$298.9M	$268.4M	20x	as long as short
Kalshi KXXRPPERP	+0.0153%	8h	1.5365	−0.087%	$1.9M	$34.3M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0154% / S −0.0125%	1h	1.5361	−0.116%	$800K	—	200x	as long as short
Backpack XRP_USDC_PERP	+0.0197%	1h	1.5367	−0.074%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5354	−0.159%	$23.8M	$79.3M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5350	−0.182%	$1.4M	$2K	15x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5385	+0.042%	$513K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0464%	1h	1.5371	−0.048%	$3K	$14K	10x	as long as short
Phoenix XRP	+0.0516%	1h	1.5350	−0.185%	$69K	$109K	15x	as long as short