Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8hnext payment +$1.20 per $10,000 · paid last 24h +0.036%

Price spread now: BloFin against Paradex+0.325%93s7-day average −0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$280.280% of the position

Long on Paradex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.104%+$10 on $10k

Price spread, last 3 days (all we have)−0.427%−$43 · spread now +0.325%, 7d avg −0.002%

Together, before fees−0.323%+ Points / potential airdropParadex: Active · farm board−$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.327% dearer against Paradex than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 93 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	Paradex XRP-USD-PERP	1.5034	0.0100	pay 0.0100% / 8h	4h 23m	$469K	$54K	50x
Short	BloFin XRP-USDT	1.5083	0.0220	get 0.0220% / 8h	4h 23m	$23.6M	$59.6M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.325%Rate

Funding earned: $25.2
Price spread: +0.325% → −0.002%: $32.69
Slippage, 4 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $29.89
Costs to cover: 0.280%
Break-even: from the start

Slippage from Paradex: live order book, 10 min ago; BloFin: live order book, 9 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, 10 min ago	4.33 bp	6.3 bp −$6	144.4 bp −$1,444	doesn't fit	doesn't fit
Sell BloFin live order book, 9 min ago	1.67 bp	7.7 bp −$8	8.2 bp −$82	12.0 bp −$1,203	21.8 bp −$10.9K

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
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5068	+0.224%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5079	+0.299%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5033	−0.011%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5062	+0.185%	$8.7M	$22.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5068	+0.223%	$243K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.4090	−6.280%	$2K	$33K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5058	+0.159%	$179K	$779K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5035	+0.003%	$2.9M	$10.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5041	+0.046%	$578K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5080	+0.305%	$12K	$243K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5075	+0.275%	$1.1M	$5.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5065	+0.206%	$38.3M	$68.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5034	0.000%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5036	+0.012%	$531.5M	$1.74B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5038	+0.026%	$338.9M	$781.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5038	+0.026%	$125.6M	$788.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5017	−0.114%	$558K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5089	+0.365%	$122K	$596K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.4992	−0.278%	$1.6M	$138K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5051	+0.112%	$350.5M	$126.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5036	+0.013%	$308.2M	$759.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5035	+0.003%	$111.2M	$137.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5039	+0.032%	$259.2M	$320.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5038	+0.026%	—	$3.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5003	−0.204%	$6.9M	$20.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.4999	−0.234%	$651K	$88.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.4998	−0.240%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.4987	−0.313%	$1.0M	$790K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5065	+0.207%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5075	+0.272%	$50K	$421K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5064	+0.199%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5062	+0.182%	$811K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5057	+0.154%	$126K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5054	+0.132%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5047	+0.084%	$49.7M	$13.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5056	+0.146%	$54.1M	$27.0M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5034	long leg	$469K	$54K	50x
Extended XRP-USD	+0.0104%	1h	1.5059	+0.169%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5053	+0.124%	$72K	$39K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5088	+0.358%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0164%	8h	1.5072	+0.252%	$1.7M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5062	+0.185%	$1.7M	$912K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5061	+0.179%	$5.2M	$39.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0209%	1h	1.5066	+0.213%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5083	+0.325%	$23.6M	$59.6M	125x
Hibachi XRP/USDT-P	+0.0240%	1h	1.5078	+0.290%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0264%	1h	1.5057	+0.149%	$15.3M	$55.7M	50x	as long as short
Hyperliquid XRP	+0.0413%	1h	1.5053	+0.126%	$274.5M	$158.4M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5087	+0.349%	$405K	$473K	10x	as long as short
Aftermath Perps XRPUSD	+0.0523%	1h	1.5026	−0.053%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5020	−0.094%	$67K	$89K	15x	as long as short