Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Katana Perps against Paradex−0.046%7-day average −0.036% · you buy dearer than you sell

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

Long on Paradex Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.046%, 7d avg −0.036%

Together, before fees−0.014%+ Points / potential airdropParadex: Active · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5363	0.0100	pay 0.0100% / 8h	4h 05m	$479K	$47K	50x
Short	Katana Perps XRP-USD	1.5356	0.0100	get 0.0100% / 8h	4h 05m	$12K	$451K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0.02
Price spread: −0.046% → −0.036%: −$0.94
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$8.72
Costs to cover: 0.078%
Break-even: 2931.8 days

Slippage unknown: Paradex: live order book, 37 min ago; Katana Perps: 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, 37 min ago	4.24 bp	6.2 bp −$6	137.1 bp −$1,371	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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 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	1.5374	+0.071%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0077%	1h	1.5358	−0.030%	$13.7M	$67.4M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5360	−0.023%	$1.1M	$154K	10x	as long as short
Kalshi KXXRPPERP	0.0000%	8h	1.5364	+0.006%	$1.9M	$36.1M	2.9x	as long as short
Phoenix XRP	0.0000%	1h	1.5380	+0.110%	$72K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5359	−0.026%	$7.7M	$19.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5354	−0.056%	$243K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.282%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5363	0.000%	$9K	$987	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5359	−0.024%	$2.8M	$13.8M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5365	+0.013%	$571K	$3.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5354	−0.059%	$5.5M	$40.8M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5363	long leg	$479K	$47K	50x
Katana Perps XRP-USDshort	+0.0100%	8h	1.5356	−0.046%	$12K	$451K	20x
Nado XRP-PERP	+0.0100%	1h	1.5360	−0.016%	$843K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5371	+0.052%	$298.7M	$261.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5356	−0.046%	$38.9M	$79.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5362	−0.007%	$592K	$934K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5355	−0.052%	$538.7M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5355	−0.052%	$363.1M	$842.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5360	−0.020%	$124.7M	$821.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5353	−0.065%	$566K	$43K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5364	+0.006%	$158K	$633K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5432	+0.449%	$1.6M	$58K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5360	−0.020%	$373.5M	$161.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5360	−0.020%	$313.4M	$899.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5361	−0.011%	$105.8M	$181.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5357	−0.039%	$270.9M	$343.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5356	−0.046%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5371	+0.053%	$5.1M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5430	+0.433%	$670K	$103.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5373	+0.065%	$1.1M	$32.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5375	+0.078%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5362	−0.009%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5356	−0.046%	$51K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5354	−0.056%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5354	−0.059%	$83K	$570K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5356	−0.047%	$826K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5358	−0.035%	$129K	$1.4M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5355	−0.052%	$30K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5353	−0.064%	$50.0M	$12.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5361	−0.013%	$55.0M	$33.8M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5350	−0.087%	$2.2M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5352	−0.074%	$59K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5374	+0.069%	$17K	$67K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0172%	1h	1.5368	+0.032%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5364	+0.006%	$24.0M	$78.1M	125x	as long as short
Reya XRPRUSDPERP	+0.0225%	1h	1.5352	−0.070%	$1.4M	$2K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0285% / S −0.0235%	1h	1.5355	−0.055%	$1.2M	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5364	+0.007%	$508K	$684K	10x	as long as short
Aftermath Perps XRPUSD	+0.0429%	1h	1.5399	+0.234%	$3K	$13K	10x	as long as short