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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Paradex against Gate−0.010%45s7-day average +0.014% · 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−$350.349% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.010%, 7d avg +0.014%
Together, before fees−0.045%+ Points / potential airdropParadex: Active · farm board−$5 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 0.025% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.014%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate XRP_USDT1.56200.0100pay 0.0100% / 8h1h 47m$372.5M$134.9M100x
ShortParadex XRP-USD-PERP1.56180.0100get 0.0100% / 8h1h 47m$487K$54K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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
$0.07
Price spread: −0.010% → +0.014%
−$2.49
Slippage, 4 orders
−$15.88
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$37.3
Costs to cover
0.349%
Break-even
3687.2 days
Slippage from Gate: live order book, 1 min ago; Paradex: live order book, 36 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 Gate live order book, 1 min ago0.32 bp10.3 bp −$1013.2 bp −$13225.5 bp −$2,55434.6 bp −$17.3K
Sell Paradex live order book, 36 min ago4.24 bp6.2 bp −$6158.2 bp −$1,582doesn'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%1h1.5591−0.186%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5618−0.010%$1.1M$104K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5623+0.020%$262K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5290−2.113%$2K$86K30xas long as short
Kraken Futures PF_XRPUSD+0.0041%1h1.5631+0.068%$15.7M$67.4M50xas long as short
Orderly PERP_XRP_USDC+0.0052%8h1.5629+0.058%$82K$935K50xas long as short
Hibachi XRP/USDT-P+0.0064%1h1.5577−0.278%$19K$73K7xas long as short
Deribit XRP_USDC-PERPETUAL+0.0070%1h1.5631+0.070%$9.6M$24.9M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0079% / S +0.0146%1h1.5622+0.016%$925K200xas long as short
Lighter XRP+0.0096%1h1.5632+0.077%$3.0M$11.7M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5634+0.090%$461K$3.1M20xas long as short
Nado XRP-PERP+0.0100%1h1.5631+0.073%$1.1M$5.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5623+0.017%$39.8M$74.9M100xas long as short
Pacifica XRP+0.0100%1h1.5624+0.026%$675K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5631+0.073%$566.7M$1.92B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5629+0.058%$355.0M$870.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5628+0.051%$128.7M$868.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5541−0.506%$579K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5632+0.077%$121K$724K20xas long as short
Bulk XRP-USD+0.0100%1h1.5527−0.595%$1.7M$572K20xas long as short
Gate XRP_USDTlong+0.0100%8h1.5620long leg$372.5M$134.9M100x
MEXC XRP_USDT+0.0100%8h1.5626+0.038%$290.8M$822.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5618−0.013%$112.9M$153.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5629+0.058%$271.3M$352.7M125xas long as short
BingX XRP-USDT+0.0100%8h1.5631+0.070%$115.2Mas long as short
Variational Omni XRP+0.0100%8h1.5524−0.613%$11.8M$29.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5540−0.512%$675K$98.4M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5571−0.317%$1.1M$41.9M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5590−0.192%$1.0M$882K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5627+0.045%$54K$436K20xas long as short
Bullet XRP-USD+0.0100%1h1.5627+0.045%$42K$62K20xas long as short
Derive XRP-PERP+0.0100%1h1.5629+0.057%$841K$71K10xas long as short
SunX XRP-USDT+0.0100%8h1.5631+0.068%$131K$1.7M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5628+0.051%$30K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5630+0.066%$51.4M$15.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5629+0.058%$55.6M$28.8M50xas long as short
Vest XRP-PERP+0.0100%1h1.5611−0.057%$10K10xas long as short
Paradex XRP-USD-PERPshort+0.0100%8h1.5618−0.010%$487K$54K50x
Katana Perps XRP-USD+0.0101%8h1.5619−0.006%$12K$248K20xas long as short
Extended XRP-USD+0.0104%1h1.5619−0.004%$2.1M$7.0M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5627+0.046%$73K$40K3xas long as short
01 Exchange XRPUSD+0.0160%1h1.5634+0.090%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0211%1h1.5626+0.036%$1.4M$9K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5635+0.096%$5.8M$46.2M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5596−0.154%$24.6M$71.7M125xas long as short
Kalshi KXXRPPERP+0.0338%8h1.5628+0.051%$1.9M$32.0M2.9xas long as short
Backpack XRP_USDC_PERP+0.0372%1h1.5631+0.070%$1.8M$977K25xas long as short
Phoenix XRP+0.0516%1h1.5590−0.192%$69K$90K15xas long as short
RISEx XRP/USDC+0.0527%1h1.5637+0.110%$409K$530K10xas long as short
Aftermath Perps XRPUSD+0.0585%1h1.5572−0.306%$1K$11K10xas long as short
Hyperliquid XRP+0.0656%1h1.5638+0.115%$289.6M$195.3M20xas long as short