Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Arcus against Paradex+0.016%7-day average −0.016% · 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−$20as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on Paradex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.016%, 7d avg −0.016%

Together, before fees−0.023%+ Points / potential airdropParadex: Active · farm board−$2 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: Arcus is 0.033% dearer against Paradex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5494	0.0100	pay 0.0100% / 8h	37m 51s	$483K	$54K	50x
Short	Arcus XRP-USD	1.5497	0.0100	get 0.0013% / 1h	37m 51s	$116K	$754K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$0.01
Price spread: +0.016% → −0.016%: $3.25
Slippage, 4 orders: −$14.94
Fee Paradex: 2 bp × 2 orders: −$4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.2
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from Paradex: live order book, 41 min ago; Arcus: live order book, 41 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 Paradex live order book, 41 min ago	4.50 bp	6.5 bp −$7	148.6 bp −$1,486	doesn't fit	doesn't fit
Sell Arcus live order book, 41 min ago	0.64 bp	5.5 bp −$5	9.2 bp −$92	30.0 bp −$2,996	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	1.5494	−0.003%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5485	−0.063%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5550	+0.358%	$69K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5488	−0.045%	$259K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0103%	1h	1.5486	−0.055%	$853K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0008%	1h	1.5490	−0.029%	$9.6M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5486	−0.052%	$15.5M	$68.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0057%	8h	1.5489	−0.035%	$76K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+0.423%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5482	−0.077%	$3.0M	$12.6M	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	1.5491	−0.022%	$441K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5494	−0.002%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5485	−0.060%	$39.4M	$80.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5490	−0.027%	$637K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5479	−0.100%	$553.6M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5482	−0.080%	$346.8M	$919.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5481	−0.087%	$126.9M	$884.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5473	−0.138%	$578K	$42K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5497	+0.016%	$116K	$754K	20x
Bulk XRP-USD	+0.0100%	1h	1.5506	+0.074%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5478	−0.106%	$373.3M	$144.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5474	−0.132%	$296.8M	$874.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5486	−0.052%	$112.8M	$163.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5478	−0.106%	$270.0M	$372.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5478	−0.106%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5522	+0.175%	$11.6M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5529	+0.221%	$674K	$103.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5516	+0.141%	$1.1M	$40.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5524	+0.191%	$1.0M	$899K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5491	−0.023%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5504	+0.062%	$47K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5491	−0.022%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5489	−0.036%	$834K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5496	+0.013%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5486	−0.055%	$33K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5484	−0.069%	$50.8M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5490	−0.029%	$55.1M	$29.3M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5494	long leg	$483K	$54K	50x
Katana Perps XRP-USD	+0.0101%	8h	1.5500	+0.036%	$12K	$268K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5489	−0.036%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5485	−0.062%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5502	+0.049%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5487	−0.049%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5488	−0.042%	$24.5M	$74.3M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5495	+0.003%	$5.9M	$47.4M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5494	−0.006%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5493	−0.009%	$1.9M	$34.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0315%	1h	1.5500	+0.036%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0593%	1h	1.5499	+0.028%	$294.6M	$209.6M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5509	+0.092%	$504K	$633K	10x	as long as short
Aftermath Perps XRPUSD	+0.0789%	1h	1.5540	+0.291%	$1K	$11K	10x	as long as short