Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Paradex against Extended−0.014%7-day average +0.044% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Extended Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.014%, 7d avg +0.044%

Together, before fees+0.098%+ Points / potential airdropExtended: Active · Paradex: Active · farm board+$10 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 0.058% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XRP-USD	1.5162	0.0104	pay 0.0013% / 1h	26m 23s	$2.0M	$6.8M	50x
Short	Paradex XRP-USD-PERP	1.5160	0.0100	get 0.0100% / 8h	5h 26m	$473K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Extended. 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 ExtendedbpFee ParadexbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$0.84
Price spread: −0.014% → +0.044%: −$5.8
Slippage, 4 orders: −$10.06
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$25.7
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Paradex: live order book, 38 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 Extended live order book, 3 min ago	0.33 bp	2.8 bp −$3	4.4 bp −$44	doesn't fit	doesn't fit
Sell Paradex live order book, 38 min ago	4.61 bp	6.6 bp −$7	157.9 bp −$1,579	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	1.5153	−0.062%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5158	−0.031%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5161	−0.010%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5168	+0.037%	$7.7M	$25.3M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.622%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0035% / S +0.0042%	1h	1.5160	−0.014%	$819K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5168	+0.037%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5165	+0.017%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5161	−0.009%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5157	−0.036%	$511K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5158	−0.029%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5160	−0.013%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5176	+0.089%	$281.3M	$221.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5166	+0.023%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5161	−0.008%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5164	+0.012%	$537.6M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5163	+0.004%	$344.1M	$926.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5167	+0.030%	$125.9M	$866.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	+0.056%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5165	+0.017%	$114K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.041%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5162	−0.003%	$369.5M	$152.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5163	+0.004%	$293.6M	$899.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5167	+0.031%	$108.3M	$171.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5165	+0.017%	$268.4M	$379.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5166	+0.023%	—	$126.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	+0.237%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5184	+0.141%	$659K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5175	+0.081%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	+0.300%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5163	+0.006%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5167	+0.030%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5162	−0.003%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5168	+0.036%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5164	+0.007%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5168	+0.037%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5157	−0.033%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5154	−0.056%	$53.9M	$30.0M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5160	−0.014%	$473K	$55K	50x
Extended XRP-USDlong	+0.0104%	1h	1.5162	long leg	$2.0M	$6.8M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5163	+0.001%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0186%	1h	1.5160	−0.016%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5164	+0.009%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5168	+0.037%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5154	−0.056%	$24.2M	$74.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5149	−0.090%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5168	+0.039%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5158	−0.029%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5172	+0.065%	$517K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.182%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0684%	1h	1.5173	+0.073%	$2K	$14K	10x	as long as short