Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Paradex against Bybit+0.050%7-day average +0.019% · 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−$21as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Bybit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.050%, 7d avg +0.019%

Together, before fees−0.005%+ Points / potential airdropParadex: Active · farm board$0 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: Paradex is 0.030% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5096	0.0100	pay 0.0100% / 8h	2h 47m	$341.8M	$950.5M	100x
Short	Paradex XRP-USD-PERP	1.5104	0.0100	get 0.0100% / 8h	2h 47m	$471K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bybit. 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 BybitbpFee ParadexbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.019%: $3.04
Slippage, 4 orders: −$9.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$21.22
Costs to cover: 0.243%
Break-even: 175991067.7 days

Slippage from Bybit: live order book, 2 min ago; Paradex: live order book, 2 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 Bybit live order book, 2 min ago	0.33 bp	5.8 bp −$6	7.3 bp −$73	13.0 bp −$1,300	28.0 bp −$14.0K
Sell Paradex live order book, 2 min ago	4.30 bp	6.3 bp −$6	142.9 bp −$1,429	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5113	+0.113%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5121	+0.165%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5107	+0.070%	$1.1M	$115K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5130	+0.225%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5125	+0.192%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5093	−0.020%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.074%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5104	+0.053%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5092	−0.026%	$792K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5116	+0.132%	$2.8M	$14.8M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5117	+0.139%	$497K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5097	+0.007%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5103	+0.050%	$938K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5105	+0.060%	$290.4M	$258.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5094	−0.013%	$38.7M	$86.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5110	+0.091%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5093	−0.020%	$531.0M	$2.18B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5096	long leg	$341.8M	$950.5M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5098	+0.013%	$125.2M	$888.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5111	+0.099%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5108	+0.079%	$137K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	+0.119%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5096	0.000%	$371.8M	$155.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5093	−0.020%	$294.6M	$904.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5098	+0.014%	$107.6M	$179.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5093	−0.020%	$267.7M	$393.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5095	−0.007%	—	$105.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5128	+0.211%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5105	+0.062%	$656K	$111.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5131	+0.231%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5124	+0.185%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5103	+0.044%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5099	+0.020%	$50K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5094	−0.015%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5094	−0.013%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5093	−0.023%	$812K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5110	+0.089%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5121	+0.166%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5106	+0.068%	$49.4M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5118	+0.146%	$53.9M	$31.6M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5104	+0.050%	$471K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5099	+0.022%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5091	−0.030%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0146%	8h	1.5120	+0.159%	$1.8M	$35.6M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5125	+0.192%	$5.7M	$48.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0188%	1h	1.5127	+0.205%	$2.0M	$1.4M	25x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5095	−0.005%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5097	+0.007%	$24.1M	$75.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5123	+0.176%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5107	+0.070%	$515K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0621%	1h	1.5116	+0.135%	$2K	$15K	10x	as long as short