Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h 0.000%
Price spread now: Paradex against SoDEX−0.029%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$210.211% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.010%+$1 on $10k
Price spread, last 4 days (all we have)+0.217%+$22 · spread now −0.029%, 7d avg +0.026%
Together, before fees+0.227%+ Points / potential airdropParadex: Active · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paradex is 0.055% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.026%). If the spread goes back, that is −$5 on $10k: about 10.0 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XRP-USD1.53000.0081pay 0.0010% / 1h43m 26s$29K$1.5M10x
ShortParadex XRP-USD-PERP1.52960.0099get 0.0099% / 8h5h 43m$477K$47K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against SoDEX. 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

Funding earned
$3.84
Price spread: −0.029% → +0.026%
−$5.48
Slippage, 4 orders
−$9.14
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$22.78
Costs to cover
0.211%
Break-even
48.5 days
Slippage from SoDEX: live order book, 4 min ago; Paradex: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 4 min ago0.33 bp4.3 bp −$47.6 bp −$76doesn't fitdoesn't fit
Sell Paradex live order book, 4 min ago4.24 bp6.2 bp −$6150.6 bp −$1,506doesn't fitdoesn't fit

XRP on 50 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5366+0.431%$5K$4K20xas long as short
Kraken Futures PF_XRPUSD−0.0062%1h1.5307+0.046%$14.0M$70.4M50xas long as short
dYdX XRP-USD0.0000%1h1.5299−0.005%$1.1M$154K10xas long as short
Phoenix XRP0.0000%1h1.5290−0.065%$69K$108K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5302+0.013%$7.8M$21.0M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5286−0.091%$242K150xas long as short
01 Exchange XRPUSD+0.0016%1h1.5306+0.039%$9K$98710xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.699%$2K$107K30xas long as short
SoDEX XRP-USDlong+0.0081%1h1.5300long leg$29K$1.5M10x
Lighter XRP+0.0096%1h1.5302+0.014%$2.8M$14.1M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5306+0.039%$598K$3.1M20xas long as short
Hibachi XRP/USDT-P+0.0096%1h1.5285−0.098%$17K$76K7xas long as short
Paradex XRP-USD-PERPshort+0.0099%8h1.5296−0.029%$477K$47K50x
Katana Perps XRP-USD+0.0100%8h1.5296−0.026%$10K$399K20xas long as short
Nado XRP-PERP+0.0100%1h1.5299−0.009%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5326+0.170%$298.5M$267.2M20xas long as short
Aster XRPUSDT+0.0100%8h1.5320+0.131%$39.3M$81.4M100xas long as short
Pacifica XRP+0.0100%1h1.5303+0.019%$591K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5318+0.118%$533.1M$2.08B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5324+0.157%$361.1M$885.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5324+0.157%$124.4M$835.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5279−0.137%$562K$36K5xas long as short
Arcus XRP-USD+0.0100%1h1.5309+0.059%$164K$682K20xas long as short
Bulk XRP-USD+0.0100%1h1.5314+0.092%$1.6M$26K20xas long as short
Gate XRP_USDT+0.0100%8h1.5315+0.098%$380.4M$156.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5311+0.072%$311.8M$893.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5311+0.071%$105.3M$181.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5314+0.092%$271.7M$356.3M125xas long as short
BingX XRP-USDT+0.0100%8h1.5319+0.124%$99.4Mas long as short
Backpack XRP_USDC_PERP+0.0100%1h1.5316+0.105%$2.0M$1.2M25xas long as short
Variational Omni XRP+0.0100%8h1.5309+0.056%$5.0M$38.2Mas long as short
edgeX XRPUSDC+0.0100%4h1.5283−0.112%$664K$110.0M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5321+0.135%$1.1M$30.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5290−0.065%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5310+0.063%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5315+0.098%$52K$474K20xas long as short
Bullet XRP-USD+0.0100%1h1.5315+0.097%$41K$65K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5326+0.170%$83K$613K50xas long as short
SunX XRP-USDT+0.0100%8h1.5301+0.008%$128K$1.5M30xas long as short
HTX XRP-USDT+0.0100%8h1.5298−0.012%$49.9M$14.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5310+0.065%$54.6M$33.3M50xas long as short
Extended XRP-USD+0.0104%1h1.5322+0.146%$2.2M$6.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5322+0.144%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTX+0.0112%1h1.5302+0.013%$5.5M$43.7M50xas long as short
Kalshi KXXRPPERP+0.0134%8h1.5296−0.026%$1.9M$35.1M2.9xas long as short
GMX XRP/USD [ETH-USDC]L +0.0211% / S −0.0510%1h1.5283−0.109%$822K200xas long as short
BloFin XRP-USDT+0.0220%8h1.5281−0.124%$23.9M$78.0M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5279−0.138%$1.4M$1K15xas long as short
RISEx XRP/USDC+0.0239%1h1.5309+0.056%$514K$736K10xas long as short
Aftermath Perps XRPUSD+0.0450%1h1.5315+0.100%$3K$13K10xas long as short