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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%
Price spread now: Paradex against edgeX−0.390%112s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$270.267% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.146%+$15 on $10k
Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.390%, 7d avg +0.011%
Together, before fees+0.258%+ Points / potential airdropedgeX: Active · Paradex: Active · farm board+$26 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 0.401% cheaper against edgeX than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XRPUSDC1.51520.0100pay 0.0050% / 4h2h 39m$658K$108.0M30x
ShortParadex XRP-USD-PERP1.50930.0100get 0.0100% / 8h6h 39m$471K$55K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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
$0
Price spread: −0.390% → +0.011%
−$40.09
Slippage, 4 orders
−$13.7
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$66.79
Costs to cover
0.267%
Break-even
715015.1 days
Slippage from edgeX: live order book, 4 min ago; Paradex: live order book, 29 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 edgeX live order book, 4 min ago0.99 bp5.5 bp −$55.5 bp −$559.3 bp −$934doesn't fit
Sell Paradex live order book, 29 min ago5.86 bp7.9 bp −$8149.4 bp −$1,494doesn't fitdoesn't fit

XRP on 51 venues

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%1h1.5060−0.610%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5091−0.403%$1.1M$120K10xas long as short
Phoenix XRP0.0000%1h1.5110−0.280%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5062−0.600%$251K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0024% / S +0.0064%1h1.5056−0.637%$825K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.690%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5095−0.382%$14.5M$72.4M50xas long as short
Orderly PERP_XRP_USDC+0.0069%8h1.5079−0.485%$57K$945K50xas long as short
Lighter XRP+0.0096%1h1.5100−0.349%$2.8M$14.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5103−0.326%$516K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5060−0.610%$10K$306K20xas long as short
Nado XRP-PERP+0.0100%1h1.5048−0.686%$794K$5.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5095−0.379%$38.4M$84.5M100xas long as short
Pacifica XRP+0.0100%1h1.5102−0.332%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5105−0.314%$534.8M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5094−0.386%$336.5M$942.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5095−0.379%$123.8M$869.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5098−0.359%$562K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5089−0.419%$115K$725K20xas long as short
Bulk XRP-USD+0.0100%1h1.5183+0.201%$1.6M$305K20xas long as short
Gate XRP_USDT+0.0100%8h1.5094−0.386%$366.3M$150.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5106−0.307%$285.8M$904.0M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5096−0.372%$106.8M$172.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5089−0.419%$264.6M$385.6M125xas long as short
BingX XRP-USDT+0.0100%8h1.5081−0.471%$127.1Mas long as short
Variational Omni XRP+0.0100%8h1.5098−0.358%$6.2M$35.8Mas long as short
edgeX XRPUSDClong+0.0100%4h1.5152long leg$658K$108.0M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5150−0.017%$1.1M$38.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5163+0.070%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5068−0.557%$12K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5059−0.617%$45K$453K20xas long as short
Bullet XRP-USD+0.0100%1h1.5061−0.605%$40K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5085−0.442%$812K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5071−0.537%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5090−0.412%$29K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5096−0.370%$49.5M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5096−0.373%$53.6M$29.6M50xas long as short
Paradex XRP-USD-PERPshort+0.0100%8h1.5093−0.390%$471K$55K50x
Extended XRP-USD+0.0104%1h1.5092−0.399%$2.0M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5083−0.460%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0136%1h1.5062−0.597%$8K$8K10xas long as short
Hyperliquid XRP+0.0178%1h1.5108−0.293%$279.3M$220.6M20xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5059−0.619%$1.3M$7K15xas long as short
Deribit XRP_USDC-PERPETUAL+0.0214%1h1.5094−0.386%$7.6M$25.3M50xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5100−0.346%$5.6M$46.4M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5193+0.268%$24.0M$75.2M125xas long as short
Backpack XRP_USDC_PERP+0.0323%1h1.5098−0.359%$1.9M$1.3M25xas long as short
Hibachi XRP/USDT-P+0.0328%1h1.5099−0.355%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0339%8h1.5069−0.551%$2.1M$36.1M2.9xas long as short
RISEx XRP/USDC+0.0456%1h1.5092−0.398%$534K$783K10xas long as short
Aftermath Perps XRPUSD+0.0822%1h1.5132−0.136%$2K$14K10xas long as short