Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8hnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Paradex−0.127%7-day average +0.006% · 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−$74as in the Price arb table

costs, in and out, $10k−$610.610% of the position

Long on Paradex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.127%, 7d avg +0.006%

Together, before fees+0.045%+ Points / potential airdropParadex: Active · farm board+$4 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: SunX is 0.134% cheaper against Paradex than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5044	0.0100	pay 0.0100% / 8h	4h 21m	$469K	$54K	50x
Short	SunX XRP-USDT	1.5025	0.0100	get 0.0100% / 8h	4h 21m	$126K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → +0.006%: −$13.35
Slippage, 4 orders: −$49
Fee Paradex: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$74.36
Costs to cover: 0.610%
Break-even: never at this rate

Slippage from Paradex: live order book, 11 min ago; SunX: live order book, 7 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, 11 min ago	4.33 bp	6.3 bp −$6	144.4 bp −$1,444	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	16.27 bp	25.4 bp −$25	36.5 bp −$365	doesn't fit	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
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5024	−0.135%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5050	+0.037%	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5050	+0.035%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5026	−0.122%	$8.7M	$22.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5025	−0.132%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.4090	−6.344%	$2K	$33K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5016	−0.189%	$178K	$779K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5014	−0.200%	$2.9M	$10.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5009	−0.235%	$577K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5037	−0.049%	$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	1.5031	−0.086%	$1.0M	$5.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5014	−0.200%	$38.2M	$68.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5045	+0.005%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5009	−0.235%	$528.9M	$1.74B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5006	−0.255%	$339.2M	$782.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5004	−0.269%	$125.2M	$787.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5037	−0.049%	$558K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5044	−0.003%	$111K	$611K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5010	−0.229%	$349.2M	$127.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5012	−0.215%	$310.4M	$760.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5015	−0.197%	$111.0M	$137.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.4999	−0.302%	$258.6M	$320.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5010	−0.229%	—	$3.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5003	−0.272%	$6.9M	$20.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5045	+0.001%	$654K	$88.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5081	+0.245%	$1.1M	$40.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5057	+0.084%	$1.0M	$790K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5031	−0.090%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5031	−0.089%	$60K	$431K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5022	−0.148%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5021	−0.157%	$809K	$67K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5025	−0.127%	$126K	$1.7M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5020	−0.162%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5011	−0.225%	$49.5M	$13.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5021	−0.156%	$54.0M	$26.9M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5047	+0.017%	$1.6M	$139K	20x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5044	long leg	$469K	$54K	50x
Extended XRP-USD	+0.0104%	1h	1.5013	−0.209%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5018	−0.172%	$72K	$39K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5042	−0.016%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0164%	8h	1.5066	+0.143%	$1.7M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0195%	1h	1.5027	−0.116%	$1.7M	$912K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5033	−0.076%	$5.2M	$39.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0209%	1h	1.5026	−0.123%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5049	+0.030%	$23.5M	$59.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5046	+0.008%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0265%	1h	1.5022	−0.147%	$15.2M	$55.7M	50x	as long as short
Hyperliquid XRP	+0.0404%	1h	1.5019	−0.169%	$273.3M	$158.8M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5045	+0.005%	$409K	$477K	10x	as long as short
Aftermath Perps XRPUSD	+0.0522%	1h	1.5036	−0.057%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5040	−0.029%	$67K	$89K	15x	as long as short