Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Paradex−0.082%7-day average −0.036% · 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−$287as in the Price arb table

costs, in and out, $10k−$2832.825% of the position

Long on Paradex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.106%−$11 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.082%, 7d avg −0.036%

Together, before fees−0.023%+ Points / potential airdropParadex: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.046% cheaper against Paradex than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5319	0.0099	pay 0.0099% / 8h	4h 58m	$478K	$47K	50x
Short	gTrade (Gains Network) XRP/USD	1.5307	L +0.0003% / S −0.0004%	get 0.0000% / 1h	58m 07s	$242K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.082%Rate

Funding earned: −$20.07
Price spread: −0.082% → −0.036%: −$4.58
Slippage, 4 orders: −$268.52
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$307.17
Costs to cover: 2.825%
Break-even: never at this rate

Slippage from Paradex: live order book, 49 min ago; gTrade (Gains Network): virtual book (oracle exchange), 49 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, 49 min ago	4.24 bp	6.2 bp −$6	148.3 bp −$1,483	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle exchange), 49 min ago	130.02 bp	135.0 bp −$135	193.2 bp −$1,932	1958.2 bp −$195.8K	doesn't fit

XRP on 51 exchanges

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	1.5387	+0.443%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0077%	1h	1.5310	−0.063%	$13.8M	$69.0M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5316	−0.018%	$1.1M	$155K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5330	+0.071%	$69K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5310	−0.060%	$7.7M	$19.9M	50x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5307	−0.082%	$242K	—	150x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.572%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5322	+0.020%	$17K	$70K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5310	−0.062%	$2.7M	$13.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5312	−0.047%	$598K	$3.0M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange XRPUSD	+0.0096%	1h	1.5318	−0.008%	$9K	$987	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5314	−0.034%	$5.4M	$42.2M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0099%	8h	1.5319	long leg	$478K	$47K	50x
Katana Perps XRP-USD	+0.0100%	8h	1.5312	−0.047%	$10K	$409K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5314	−0.031%	$840K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5317	−0.014%	$297.6M	$264.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5307	−0.080%	$38.9M	$79.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5319	−0.001%	$589K	$985K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5304	−0.099%	$532.6M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5305	−0.093%	$361.3M	$857.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5305	−0.093%	$123.9M	$821.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5336	+0.110%	$563K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5321	+0.012%	$163K	$692K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5308	−0.073%	$377.4M	$156.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5305	−0.093%	$317.3M	$871.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5305	−0.090%	$104.9M	$180.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5306	−0.086%	$270.8M	$348.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5304	−0.099%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5332	+0.086%	$4.9M	$38.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5332	+0.087%	$666K	$107.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5339	+0.129%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5341	+0.142%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5316	−0.021%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5313	−0.040%	$52K	$469K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5306	−0.085%	$41K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5307	−0.080%	$83K	$601K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5308	−0.074%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5320	+0.003%	$128K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5306	−0.086%	$30K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5305	−0.093%	$49.9M	$13.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5307	−0.080%	$54.7M	$33.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5324	+0.035%	$1.6M	$66K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5300	−0.124%	$2.2M	$6.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5303	−0.105%	$59K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0113%	8h	1.5334	+0.097%	$1.9M	$35.4M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0191%	1h	1.5316	−0.021%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5320	+0.005%	$23.8M	$77.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0224%	1h	1.5303	−0.108%	$1.4M	$1K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0252% / S −0.0494%	1h	1.5307	−0.077%	$885K	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5321	+0.015%	$507K	$723K	10x	as long as short
Aftermath Perps XRPUSD	+0.0387%	1h	1.5320	+0.008%	$3K	$13K	10x	as long as short