Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Paradex against Derive−0.009%7-day average +0.013% · you buy dearer than you sell

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

Long on Derive Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.144%+$14 · spread now −0.009%, 7d avg +0.013%

Together, before fees+0.146%+ Points / potential airdropParadex: Active · farm board+$15 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 0.022% cheaper against Derive than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.5131	0.0100	pay 0.0013% / 1h	15m 19s	$814K	$75K	10x
Short	Paradex XRP-USD-PERP	1.5129	0.0100	get 0.0100% / 8h	6h 15m	$472K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Derive. 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 DerivebpFee ParadexbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.013%: −$2.19
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$12.19
Costs to cover: 0.100%
Break-even: 227130.9 days

Slippage unknown: Derive: no order-book sample; Paradex: live order book, 54 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Paradex live order book, 54 min ago	5.86 bp	7.9 bp −$8	149.4 bp −$1,494	doesn't fit	doesn't fit

Derive: 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 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	1.5121	−0.065%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5121	−0.065%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.193%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5126	−0.035%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0056%	1h	1.5124	−0.044%	$799K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.836%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5127	−0.025%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5128	−0.019%	$62K	$953K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5127	−0.025%	$2.8M	$14.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5127	−0.025%	$510K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5118	−0.085%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5126	−0.034%	$935K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5130	−0.005%	$38.4M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5128	−0.018%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5130	−0.006%	$536.9M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5128	−0.019%	$340.6M	$940.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5131	+0.001%	$124.1M	$871.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5130	−0.006%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5132	+0.008%	$114K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5125	−0.042%	$1.6M	$257K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5127	−0.025%	$368.0M	$152.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5129	−0.012%	$290.7M	$916.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5128	−0.020%	$106.9M	$171.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5127	−0.025%	$266.5M	$384.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5125	−0.039%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5120	−0.074%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5134	+0.020%	$657K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5152	+0.143%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5134	+0.021%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	−0.006%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5131	+0.001%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5129	−0.011%	$41K	$68K	20x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5131	long leg	$814K	$75K	10x
SunX XRP-USDT	+0.0100%	8h	1.5133	+0.017%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5129	−0.012%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5122	−0.060%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5124	−0.045%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5129	−0.009%	$472K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5124	−0.046%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5127	−0.023%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5132	+0.008%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0147%	1h	1.5131	+0.001%	$7.6M	$25.3M	50x	as long as short
Hyperliquid XRP	+0.0184%	1h	1.5138	+0.047%	$280.1M	$222.3M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5127	−0.025%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5135	+0.027%	$5.7M	$46.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5128	−0.021%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0337%	1h	1.5129	−0.012%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0361%	8h	1.5131	+0.001%	$2.1M	$35.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5133	+0.015%	$529K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0767%	1h	1.5139	+0.057%	$2K	$14K	10x	as long as short