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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Paradex against Pacifica−0.279%61s7-day average −0.002% · 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−$230.235% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.007%−$1 on $10k
Price spread, last 4 days (all we have)+0.255%+$25 · spread now −0.279%, 7d avg −0.002%
Together, before fees+0.248%+ Points / potential airdropPacifica: Active · Paradex: Active · farm board+$25 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 0.277% cheaper against Pacifica than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XRP1.56240.0100pay 0.0013% / 1h48m 43s$675K$1.1M20x
ShortParadex XRP-USD-PERP1.55800.0100get 0.0100% / 8h1h 48m$486K$54K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Pacifica. 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: −0.279% → −0.002%
−$27.68
Slippage, 4 orders
−$11.48
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$51.09
Costs to cover
0.235%
Break-even
4923.6 days
Slippage from Pacifica: live order book, just now; Paradex: live order book, 35 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 Pacifica live order book, just now0.32 bp4.9 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell Paradex live order book, 35 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%1h1.5587−0.237%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5618−0.036%$1.1M$104K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5587−0.236%$261K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5290−2.138%$2K$86K30xas long as short
Kraken Futures PF_XRPUSD+0.0041%1h1.5596−0.177%$15.7M$67.3M50xas long as short
Orderly PERP_XRP_USDC+0.0052%8h1.5598−0.167%$82K$935K50xas long as short
Hibachi XRP/USDT-P+0.0064%1h1.5577−0.304%$19K$73K7xas long as short
Deribit XRP_USDC-PERPETUAL+0.0071%1h1.5600−0.154%$9.6M$24.9M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0079% / S +0.0147%1h1.5582−0.270%$922K200xas long as short
Lighter XRP+0.0096%1h1.5624+0.001%$3.0M$11.7M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5625+0.006%$461K$3.1M20xas long as short
Nado XRP-PERP+0.0100%1h1.5575−0.311%$1.1M$5.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5611−0.083%$39.8M$74.9M100xas long as short
Pacifica XRPlong+0.0100%1h1.5624long leg$675K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5623−0.008%$566.4M$1.91B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5620−0.026%$354.9M$869.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5621−0.019%$128.5M$868.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5541−0.531%$579K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5586−0.243%$120K$724K20xas long as short
Bulk XRP-USD+0.0100%1h1.5527−0.621%$1.7M$572K20xas long as short
Gate XRP_USDT+0.0100%8h1.5608−0.103%$372.3M$134.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5620−0.026%$290.7M$822.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5610−0.090%$112.9M$153.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5615−0.058%$271.2M$352.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5608−0.103%$115.5Mas long as short
Variational Omni XRP+0.0100%8h1.5524−0.639%$11.8M$29.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5540−0.538%$675K$98.4M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5571−0.342%$1.1M$41.9M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5590−0.218%$1.0M$882K50xas long as short
Vest XRP-PERP+0.0100%1h1.5579−0.288%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5586−0.243%$53K$436K20xas long as short
Bullet XRP-USD+0.0100%1h1.5584−0.256%$42K$62K20xas long as short
Derive XRP-PERP+0.0100%1h1.5594−0.189%$839K$71K10xas long as short
SunX XRP-USDT+0.0100%8h1.5588−0.231%$130K$1.7M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5597−0.173%$30K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5596−0.177%$51.3M$15.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5598−0.167%$55.5M$28.8M50xas long as short
Paradex XRP-USD-PERPshort+0.0100%8h1.5580−0.279%$486K$54K50x
Katana Perps XRP-USD+0.0101%8h1.5581−0.275%$12K$248K20xas long as short
Extended XRP-USD+0.0104%1h1.5604−0.127%$2.1M$7.0M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5595−0.187%$73K$40K3xas long as short
01 Exchange XRPUSD+0.0160%1h1.5585−0.250%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0211%1h1.5582−0.267%$1.4M$9K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5605−0.122%$5.7M$46.1M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5596−0.179%$24.6M$71.7M125xas long as short
Kalshi KXXRPPERP+0.0336%8h1.5597−0.173%$1.9M$32.0M2.9xas long as short
Backpack XRP_USDC_PERP+0.0365%1h1.5613−0.071%$1.8M$977K25xas long as short
Phoenix XRP+0.0516%1h1.5590−0.218%$69K$90K15xas long as short
RISEx XRP/USDC+0.0527%1h1.5591−0.210%$407K$530K10xas long as short
Aftermath Perps XRPUSD+0.0583%1h1.5565−0.378%$1K$11K10xas long as short
Hyperliquid XRP+0.0656%1h1.5626+0.016%$289.4M$195.3M20xas long as short