Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Paradex against Ondo Perps−0.746%7-day average +0.067% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.032%+$3 on $10k
Price spread, last 4 days (all we have)+0.983%+$98 · spread now −0.746%, 7d avg +0.067%
Together, before fees+1.015%+ Points / potential airdropOndo Perps: Active · Paradex: Active · farm board+$101 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 0.813% cheaper against Ondo Perps than usual: you would sell low and buy high, −$81 on $10k if it goes back to its 7-day average of +0.067%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XRP-USD.P1.54340.0100pay 0.0013% / 1h53m 53s$567K$40K5x
ShortParadex XRP-USD-PERP1.53190.0100get 0.0100% / 8h6h 53m$478K$51K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Ondo Perps. 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

Funding earned
−$0.03
Price spread: −0.746% → +0.067%
−$81.35
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$90.38
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Paradex: live order book, 40 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Paradex live order book, 40 min ago7.25 bp9.3 bp −$9145.5 bp −$1,455doesn't fitdoesn't fit
Ondo Perps: 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 50 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5321−0.732%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5300−0.869%$1.1M$155K10xas long as short
Phoenix XRP0.0000%1h1.5430−0.026%$69K$109K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5325−0.706%$7.9M$22.2M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5479+0.289%$251K150xas long as short
Kraken Futures PF_XRPUSD+0.0016%1h1.5335−0.639%$14.0M$73.4M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+0.816%$2K$107K30xas long as short
Hibachi XRP/USDT-P+0.0072%1h1.5351−0.539%$17K$78K7xas long as short
01 Exchange XRPUSD+0.0088%1h1.5320−0.739%$9K$2K10xas long as short
Lighter XRP+0.0096%1h1.5339−0.616%$2.8M$14.4M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5343−0.590%$616K$3.1M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5318−0.752%$16K$378K20xas long as short
Paradex XRP-USD-PERPshort+0.0100%8h1.5319−0.746%$478K$51K50x
Nado XRP-PERP+0.0100%1h1.5318−0.748%$987K$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5324−0.714%$39.1M$83.2M100xas long as short
Pacifica XRP+0.0100%1h1.5303−0.847%$605K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5314−0.774%$532.7M$2.13B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5299−0.875%$355.3M$910.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5296−0.894%$124.3M$849.0M100xas long as short
Ondo Perps XRP-USD.Plong+0.0100%1h1.5434long leg$567K$40K5x
Arcus XRP-USD+0.0100%1h1.5325−0.706%$166K$705K20xas long as short
Bulk XRP-USD+0.0100%1h1.5425−0.061%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.5336−0.635%$383.3M$156.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5338−0.622%$303.7M$897.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5336−0.636%$107.9M$180.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5294−0.907%$270.3M$363.2M125xas long as short
BingX XRP-USDC+0.0100%8h1.5307−0.823%$4.2Mas long as short
Backpack XRP_USDC_PERP+0.0100%1h1.5347−0.564%$2.0M$1.3M25xas long as short
Variational Omni XRP+0.0100%8h1.5429−0.029%$4.9M$38.2Mas long as short
edgeX XRPUSDC+0.0100%4h1.5432−0.012%$672K$113.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5452+0.119%$1.1M$32.1M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5438+0.026%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5335−0.641%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5323−0.719%$52K$480K20xas long as short
Bullet XRP-USD+0.0100%1h1.5326−0.699%$41K$66K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5324−0.713%$69K$633K50xas long as short
SunX XRP-USDT+0.0100%8h1.5342−0.597%$128K$1.6M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5323−0.719%$29K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5319−0.744%$50.0M$14.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5343−0.590%$54.6M$33.4M50xas long as short
Extended XRP-USD+0.0104%1h1.5333−0.655%$2.1M$5.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5368−0.428%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTX+0.0120%1h1.5335−0.641%$5.4M$46.4M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0145% / S −0.0113%1h1.5348−0.560%$822K200xas long as short
Hyperliquid XRP+0.0167%1h1.5353−0.525%$294.6M$268.1M20xas long as short
Kalshi KXXRPPERP+0.0169%8h1.5328−0.687%$1.7M$33.0M2.9xas long as short
BloFin XRP-USDT+0.0220%8h1.5343−0.590%$23.8M$79.0M125xas long as short
Reya XRPRUSDPERP+0.0222%1h1.5317−0.761%$1.4M$4K15xas long as short
RISEx XRP/USDC+0.0272%1h1.5327−0.695%$512K$795K10xas long as short
Aftermath Perps XRPUSD+0.0499%1h1.5423−0.068%$3K$15K10xas long as short