Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.030%

Price spread now: Coinbase International against Paradex−0.050%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Paradex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now −0.050%, 7d avg +0.014%

Together, before fees−0.052%+ Points / potential airdropParadex: Active · farm board−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.065% cheaper against Paradex than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.014%). If the spread goes back, that is −$6 on $10k: about 2.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5168	0.0100	pay 0.0100% / 8h	3h 15m	$473K	$55K	50x
Short	Coinbase International XRP-PERP-INTX	1.5160	0.0184	get 0.0023% / 1h	15m 21s	$5.7M	$48.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.050%Rate

Funding earned: $17.64
Price spread: −0.050% → +0.014%: −$6.48
Slippage, 4 orders: −$15.92
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$18.77
Costs to cover: 0.299%
Break-even: 14.4 days

Slippage from Paradex: live order book, 39 min ago; Coinbase International: live order book, 4 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, 39 min ago	4.61 bp	6.6 bp −$7	135.4 bp −$1,354	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	0.33 bp	7.7 bp −$8	9.8 bp −$98	29.6 bp −$2,955	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	1.5160	−0.050%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5159	−0.057%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5158	−0.064%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5155	−0.083%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5154	−0.092%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.587%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5157	−0.068%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5157	−0.067%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5158	−0.064%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5163	−0.031%	$9K	$351K	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	1.5166	−0.008%	$976K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5152	−0.103%	$38.9M	$85.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5167	−0.006%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5152	−0.105%	$534.1M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5152	−0.103%	$344.7M	$946.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5154	−0.090%	$125.9M	$884.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5163	−0.031%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5172	+0.029%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−0.021%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5161	−0.044%	$372.3M	$156.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5164	−0.024%	$296.1M	$907.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5170	+0.015%	$109.3M	$178.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5153	−0.097%	$269.1M	$390.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5159	−0.057%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5151	−0.111%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5166	−0.008%	$659K	$110.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5154	−0.088%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5169	+0.009%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5167	−0.004%	$45K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5159	−0.056%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5153	−0.097%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5154	−0.091%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5165	−0.017%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5152	−0.103%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5158	−0.064%	$49.5M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5155	−0.083%	$53.9M	$31.3M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5168	long leg	$473K	$55K	50x
Vest XRP-PERP	+0.0100%	1h	1.5162	−0.037%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5147	−0.134%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5151	−0.108%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5173	+0.035%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0184%	1h	1.5160	−0.050%	$5.7M	$48.1M	50x
Reya XRPRUSDPERP	+0.0217%	1h	1.5163	−0.029%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5156	−0.077%	$24.2M	$75.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0233%	8h	1.5170	+0.015%	$1.9M	$35.3M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0251%	1h	1.5172	+0.029%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5174	+0.042%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5171	+0.022%	$517K	$776K	10x	as long as short
Hyperliquid XRP	+0.0407%	1h	1.5180	+0.081%	$298.3M	$251.4M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	−0.050%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0645%	1h	1.5172	+0.028%	$2K	$15K	10x	as long as short