Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0384%/8h= −42.0% APRpaid last 24h −0.117%

Price spread now: Paradex against RISEx+0.187%7-day average −0.036% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$2as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on RISEx Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.309%−$31 on $10k

Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.187%, 7d avg −0.036%

Together, before fees−0.523%+ Points / potential airdropParadex: Active · farm board−$52 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Paradex is 0.222% dearer against RISEx than usual: you sell high and buy low (spread +0.187% now, against its 7-day average of −0.036%): +$22 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5113	0.0484	pay 0.0060% / 1h	49m 46s	$526K	$769K	10x
Short	Paradex XRP-USD-PERP	1.5141	0.0100	get 0.0100% / 8h	5h 49m	$472K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against RISEx. 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 RISExbpFee ParadexbpOrdersPrice spread, now +0.187%Rate

Funding earned: −$80.58
Price spread: +0.187% → −0.036%: $22.24
Slippage, 4 orders: −$10.68
Fee RISEx: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$79.02
Costs to cover: 0.207%
Break-even: from the start

Slippage from RISEx: live order book, 14 min ago; Paradex: live order book, 14 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 RISEx live order book, 14 min ago	0.73 bp	3.7 bp −$4	8.7 bp −$87	doesn't fit	doesn't fit
Sell Paradex live order book, 14 min ago	4.61 bp	6.6 bp −$7	157.9 bp −$1,579	doesn't fit	doesn't fit

XRP on 50 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	1.5136	+0.155%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5128	+0.102%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5100	−0.083%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0026% / S +0.0049%	1h	1.5097	−0.105%	$798K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.961%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5106	−0.043%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5099	−0.090%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5116	+0.023%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5119	+0.043%	$508K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5103	−0.063%	$9K	$305K	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5111	−0.013%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5132	+0.129%	$280.0M	$220.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5125	+0.080%	$38.4M	$83.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5129	+0.110%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5118	+0.034%	$536.1M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5122	+0.063%	$342.3M	$925.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5125	+0.082%	$125.0M	$863.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5113	+0.003%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5117	+0.030%	$114K	$695K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5087	−0.172%	$1.6M	$161K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5124	+0.076%	$369.4M	$150.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5127	+0.096%	$293.0M	$892.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5121	+0.057%	$106.5M	$170.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5122	+0.063%	$266.5M	$379.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5125	+0.082%	—	$126.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5141	+0.185%	$6.0M	$36.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5102	−0.068%	$657K	$108.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5131	+0.124%	$1.1M	$35.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5108	−0.030%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5113	+0.003%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5101	−0.076%	$41K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5100	−0.083%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5107	−0.039%	$813K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5105	−0.049%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5100	−0.083%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5098	−0.094%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5106	−0.043%	$53.8M	$29.9M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5141	+0.187%	$472K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5118	+0.039%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5098	−0.094%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0147%	1h	1.5104	−0.056%	$7.7M	$25.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5096	−0.111%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5105	−0.050%	$5.6M	$46.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0232%	1h	1.5114	+0.010%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5096	−0.111%	$14.4M	$72.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5140	+0.184%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0357%	8h	1.5127	+0.096%	$2.1M	$34.9M	2.9x	as long as short
RISEx XRP/USDClong	+0.0484%	1h	1.5113	long leg	$526K	$769K	10x
Phoenix XRP	+0.0528%	1h	1.5100	−0.083%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0717%	1h	1.5119	+0.040%	$2K	$14K	10x	as long as short