Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Derive against Paradex+0.036%7-day average −0.013% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.256%−$26 · spread now +0.036%, 7d avg −0.013%

Together, before fees−0.250%+ Points / potential airdropParadex: Active · farm board−$25 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: Derive is 0.050% dearer against Paradex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5150	0.0100	pay 0.0100% / 8h	3h 18m	$472K	$55K	50x
Short	Derive XRP-PERP	1.5155	0.0100	get 0.0013% / 1h	18m 29s	$815K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.013%: $4.96
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Derive: 3 bp × 2 orders: −$6
Net: −$5.04
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: live order book, 36 min ago; Derive: no order-book sample. Net counts fees only.

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, 36 min ago	4.61 bp	6.6 bp −$7	135.4 bp −$1,354	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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 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	1.5188	+0.253%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5148	−0.011%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5167	+0.116%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5164	+0.095%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5161	+0.073%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.709%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5152	+0.018%	$778K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5156	+0.044%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5154	+0.029%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5156	+0.042%	$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	1.5151	+0.012%	$983K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5157	+0.051%	$38.9M	$85.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5154	+0.031%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5152	+0.012%	$535.0M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5159	+0.062%	$345.1M	$945.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5161	+0.075%	$126.1M	$883.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5163	+0.088%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5159	+0.062%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.098%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5152	+0.015%	$372.1M	$156.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5166	+0.108%	$296.1M	$906.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5156	+0.043%	$109.2M	$178.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5159	+0.062%	$269.2M	$390.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5151	+0.009%	—	$127.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.245%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5180	+0.203%	$659K	$110.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5170	+0.134%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	+0.326%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5160	+0.068%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5170	+0.134%	$46K	$478K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5166	+0.109%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5153	+0.022%	$62K	$934K	50x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5155	+0.036%	$815K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5159	+0.062%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5159	+0.062%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5157	+0.050%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5161	+0.075%	$53.9M	$31.2M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5150	long leg	$472K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5147	−0.016%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5156	+0.042%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5161	+0.075%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5168	+0.121%	$5.8M	$47.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5159	+0.063%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5158	+0.055%	$24.2M	$75.7M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0254%	1h	1.5170	+0.134%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0264%	8h	1.5173	+0.154%	$1.9M	$35.2M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5155	+0.036%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5157	+0.050%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0410%	1h	1.5175	+0.167%	$298.1M	$251.3M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.266%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0650%	1h	1.5174	+0.163%	$2K	$15K	10x	as long as short